Case Study: Simonds Family Office saves two days per week with Budgetly

Simonds Family Office saves two days per week with Budgetly

Simonds Family Office, a diversified investment group encompassing construction and administration businesses, faced significant challenges managing expenses across multiple entities. They used personal credit cards from various financial institutions, leading to a lack of real-time visibility, no spending accountability, and a heavy manual burden of chasing receipts and reconciling transactions in Xero. They implemented Budgetly's prepaid corporate debit cards and expense management software to address these issues.

By using Budgetly, SFO gained complete transparency and control over spending. The solution provided instant virtual cards, automated receipt capture, and real-time tracking of transactions by staff member and business entity. This eliminated unauthorized transactions and saved the company two full days per week previously spent on administrative tasks. Budgetly's software also automated reconciliation with Xero, streamlining their entire expense management process.

Simonds Family Office