Case Study: Fun in Motion Toys achieves faster, lower-cost payments with Veem

Fun in Motion Toys cuts AP processing time by 85% with Veem

Fun in Motion Toys, a rapidly growing toy wholesaler, faced significant operational challenges due to its explosive expansion. As the sole finance staff member, VP of Finance Sadie Stewart needed to drastically improve efficiency in accounts payable to free up time for strategic work. The company was using costly international wire transfers and manual data entry, which were time-consuming and error-prone. To address this, they implemented the Veem payment platform integrated with their Xero accounting software.

By leveraging Veem for bill pay and international payments, Fun in Motion Toys automated its AP process. Invoices are scanned, published to Xero, and transferred to Veem electronically, eliminating manual data entry. This solution decreased AP processing time by 85%, from over three hours to just 30 minutes. Using Veem also reduced payment costs by thousands of dollars by replacing $36 wire transfers and lowered the potential for error, creating a seamless and accurate payment workflow.

Fun in Motion Toys