Case Study: Retool achieves greater spend efficiency with Paylocity

Managing Payments and Procurement with Greater Efficiency

Retool, the software development platform used by companies like Amazon, OpenAI, and Volvo, needed better visibility and control over employee spending as it scaled quickly. The team also faced complex approval requirements across multiple stakeholders, workarounds in procurement processes, PO matching challenges, and the need to manage multi-currency payments.

Using Airbase by Paylocity, Retool centralized spend through Guided Procurement and AP automation, with configurable no-code/low-code workflows, automated PO-to-SOW matching, and one-click foreign currency payments. The result was streamlined approvals, improved invoice processing and accrual accuracy, better visibility for teams like HR and IT, stronger fraud prevention, and a more proactive spend culture that helped Retool grow with less risk.

Retool

Chloe Lee

Director of Accounting