Rho
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Case Study: Dr. Squatch saves 20 hours a month and boosts credit efficiency with Rho
A Rho Case Study
Dr. Squatch saves 20 hours monthly with Rho
Dr. Squatch, a trailblazer in natural men's grooming products, faced operational challenges from disparate legacy finance systems as its retail business grew. The lean finance team, led by Senior Accounting Manager Sarah Green, spent hours manually reconciling spend data and coding transactions in NetSuite. They also needed a credit partner to enhance capital efficiency amid rising interest rates. The company sought a solution from Rho to consolidate its financial operations.
By implementing Rho's all-in-one platform, which included corporate cards and an expense management system integrated with NetSuite, Dr. Squatch automated its finance processes. Rho's solution provided real-time spend tracking, near-instant reconciliation, and a unique credit underwriting model. This resulted in saving 20 hours monthly on reconciliation, tripling the company's credit limit, and generating over $100k in annual savings by eliminating previous software. Rho helped Dr. Squatch streamline its finances and improve capital efficiency.
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