Empowering small businesses with the ANZ Expensify integration
In the dynamic world of small businesses, every moment and dollar counts. For HeartLab, a cutting-edge healthcare technology company based in Auckland, New Zealand, navigating the financial landscape with precision is paramount. In this joint customer spotlight, we showcase how the seamless collaboration between ANZ (ANZ Bank New Zealand Limited ‘ANZ’) and Expensify has empowered HeartLab to thrive.
Solving an efficiency problem
Like many small businesses, HeartLab faced the challenge of managing finances with detail and efficiency. Manual expense tracking, cumbersome reconciliations, and intricate financial reporting impeded their growth. It was time for a change.
In addition to standardizing an inefficient process, many of HeartLab’s staff were traveling internationally for business. With every expense they incurred, the team needed to email a receipt to a dedicated admin, who would then manually attach it to their accounting software. The sheer volume of receipts was getting too hard on the finance team, and they needed to find a better way.
Finding the right financial partners
“As a CEO, a hands-off system to do the [paper] chasing is key,” says Will Hewitt, CEO and founder at HeartLab. “A bunch of us had used a different expense system in the past, but the reality is that people would rather not do expense reports at all than deal with an inefficient and difficult-to-use system, so we knew we had to find something that was much friendlier and easier to use for our employees.”
In their search, Hewitt and his team liked ANZ’s commitment to understanding the unique needs of small businesses. ANZ’s tailored solutions and personalized service gave HeartLab the financial stability and support required to navigate the complex business environment.
To complement ANZ’s Bank offerings, HeartLab turned to Expensify's game-changing expense management platform. “We saw Expensify listed as a trusted business partner of ANZ, so that made a huge difference in terms of which partner we felt comfortable going with,” says Hewitt. “This felt like the change we needed, so we decided to trial the special offer available to ANZ customers.”
Within weeks of testing, it was clear that Expensify's user-friendly interface and automation features eliminated the tedious task of manual expense tracking. The easy-to-use and intuitive receipt screening app, including SmartScan, made life easy for HeartLab employees and admins.
Integrating ANZ & Expensify for one streamlined workflow
Individually, certain apps can be great, but what sets ANZ Bank and Expensify apart is the seamless integration between these two products.
Through the ANZ Expensify integration, HeartLab wrangled a multi-step process into one streamlined financial ecosystem. By linking their ANZ business accounts to Expensify, transactions automatically and seamlessly flowed from their accounts into Expensify, automating the expense reporting process and providing a holistic view of their financial landscape.
In addition, HeartLab admins could use Expensify’s Company Card Reconciliation Dashboard to view, report, code, attach receipts, submit, and approve company card expenses, giving them complete visibility and control over all company card expenses.
With updated processes rolled out and real-time insights into team expenditures, the HeartLab team could now more strategically understand and allocate resources.
Transformative impact through measured results
The impact of switching to Expensify on HeartLab's operations was immediate and transformative. With Expensify's efficient receipt and expense tools, HeartLab:
Reduced time spent on manual financial tasks, allowing the team to focus their time on core business activities.
Optimized team-wide spending with real-time insights, contributing to a healthier bottom line and more cost efficiencies.
Enhanced financial visibility and control, providing confidence in their leadership’s strategic financial decision-making.
A blueprint for financial success
The collaborative efforts of ANZ and Expensify have addressed the challenges faced by HeartLab and have helped the HeartLab team establish a thorough, streamlined expense and receipt management solution.
At the end of the day, Hewitt has some final words for his fellow CEOs, “As startups, our job is to innovate in our industry. Focus on what you're good at – for us at HeartLab, it's cardiac imaging. Embrace solutions like the ones offered by Expensify and ANZ Bank to free up headspace for true innovation and let them take care of what they’re good at – streamlining complicated, tedious financial processes. For us, Expensify frees up multiple hours of headspace each month, and we highly recommend working with Expensify and ANZ to automate your financial paperwork, stay compliant, and allow employees to focus on what matters the most: providing top-of-class cardiac imaging technology.”
Looking for a more efficient expense management process? Sign up today for 50% off your first year of Expensify, then 15% off after that!
