Case Study

Scaling a Unicorn’s Growth With Distributed Spend Management Software

Scaling a Unicorn’s Growth With Distributed Spend Management Software

Almost half of Formlabs employees are engineers in their Research and Development department, who collectively make hundreds of small purchases each month. The company needed a spend management solution that would empower employees to make these transactions in real time without sacrificing controls. Before Teampay, purchase requests were run through Asana. Engineers would create a task with a link to the product(s) that they wanted to buy, note the manager who approved it, and assign it to the operations team. Operations would secure approval from the finance team and then make the purchase. Finance and operations teams were left in the dark as they could not effectively assess the necessity or urgency of any given item, and engineers were frustrated by the repetitive wo

Join for free to read