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Bookkeeping & accounting in start-ups with ApprovalMax

Bookkeeping & accounting in start-ups with ApprovalMax

ApprovalMax is the best-in-class approval workflow automation app for Xero and QuickBooks Online. It enables tech start-ups to apply sophisticated financial controls, keeps the approval process on the surface, and ensures that all spend authorisation decisions are fully traceable and audit-ready.
What tech start-ups get out of it:
  • 1
    Complete eradication of error-prone paper- or email-based authorisations
  • 2
    Centralized spend control via multi-step
    and multi-role approval workflows
  • 3
    High-quality accounting data ready for use in cash flow forecasting
  • 4
    No more time spent on approver chasing and approval routing
  • 5
    Approval process on the surface, accessible for
    management review and external audits
  • 6
    Mobile app for purchase order creation and request approval
Who already tried ApprovalMax for tech start-ups:
  • Alastair Barlow
    Founding Partner
    FLINDER
    "Data is valuable as it opens up new ways to make better decisions. With accurate data, finance professionals become a business storyteller when they partner with a company on strategy. Technology, of course, is crucial for obtaining such data. Xero is great for structuring data properly, and ApprovalMax provides effective data validation capabilities and well-tuned processes so that high-quality data can be collected in the quickest and most efficient way."
  • Álvaro Arranz
    Head of Financial Planning & Analysis
    FIREFLY
    "In large part due to our investor's requirements - and made all the more challenging by our rapid growth - we needed to find a way for our different budget holders (many of which are not Xero users) to review and approve bills related to their budgets. For Firefly, Xero and ApprovalMax are a match made in heaven. We're now very excited to see what the future holds with this cloud-enabled software at the heart of our financial controls and revenue processes."
  • Peter Magner
    Director
    IRIDIUM
    "Process automation is vital for tech start-ups because they grow continuously, which means doing things manually is simply impossible. With regard to accounting, they need data digitisation tools to convert bills and purchase orders from paper as well as capable tools for the automation of approval and audit processes. Authorisation with ApprovalMax is properly organised, much faster, efficient and transparent. Any hold-ups, missing or delayed approvals and we’ll find out about that in the reports; so we can take action straightaway. ApprovalMax certainly enables a truly streamlined approval process."
  • Sebastian McLarin
    Company Accountant
    THE ICEHOUSE
    “When we moved to Xero, we started looking for a way to improve our paper-based Accounts Payable approval system. We found ApprovalMax, which provides us with exactly what we need by allowing us to create complex approval processes that cover different tracking categories, GL codes, suppliers and amounts. With ApprovalMax and its integrations with Dext and Xero we’ve been able to halve the amount of time it takes to process creditors.”
Our clients' stories
  • Financial controls enable start-ups to get to the next level with investors
    Find out more about flinder’s approach to driving a start-up’s growth, and what role ApprovalMax plays in it.
  • Invoice automation for multinational tech start-ups in Africa
    How invoice automation ensures efficient expense management for high-growth African start-ups.
  • A revolutionary leader in digital education establishes much-needed spending and revenue control
    How ApprovalMax helps Firefly signal the future of education - a cloud-based transformation story by a leading UK EdTech start-up.
  • ApprovalMax, Dext and Xero join to deliver an end-to-end AP automation solution
    How end-to-end automation streamlines the approval process and reduces invoice processing time by 80%.