Case Study: Queen's University Smith Commerce Society cuts reimbursement time by 80% with Venn

Queen's University Smith Commerce Society cuts reimbursement time from 5 weeks to 1 week with Venn

The Queen's University Smith Commerce Society (ComSoc), Canada's largest undergraduate business society, faced a significant challenge with its slow, manual reimbursement process. Students had to wait up to five weeks to be repaid for out-of-pocket expenses, creating operational friction and financial strain. ComSoc also incurred substantial and unnecessary transaction and FX fees through its existing setup.

By implementing Venn's business banking platform, ComSoc integrated a faster payment layer into its existing ComSoc Shop and QuickBooks workflow. Venn automated the manual payout process, slashing reimbursement time from five weeks to just one week. The solution delivered over $2,300 in savings on transaction and FX fees in its first year and processed over $220,000 in payments, resulting in significant cashback for the organization.

Queen's University Smith Commerce Society (ComSoc)