Alm. Brand estimates their finance department saves up to three full workdays each month by avoiding manual entry. This improves efficiency and contributes to smoother operations of the company.
Alm. Brand
Alm. Brand is a Danish financial group founded back in 1792. Today, they cover all their customers’ financial needs within banking, insurance, and pension.
Financial Services
Acubiz Advanced
A slow and rigid expense management process that cost both time and resources was the challenge Alm. Brand faced in 2014.
With a manual work approach that required employees to fill out forms, attach receipts, and wait for reimbursement from a cash register at Alm. Brand’s office, there was a need for change.
This outdated expense handling was a heavy administrative burden for the finance department and forced employees to gather their expenses in a pile.
This led to an even greater burden of manual entry, where expenses could only be controlled when employees got reimbursed – creating delays in approvals.
But the introduction of Acubiz marked a turning point for Alm. Brand.
“Acubiz is one of the systems that have been easiest to implement – and it is also the system that has been of the greatest benefit to the entire organization. That’s because everyone uses Acubiz. It’s one of our only systems where all employees are users. It has been a huge success. My colleagues are pleased with Acubiz.”
Henriette Bjerk Persson
Department Director for Administration and Service, Alm. Brand
The implementation of Acubiz has revolutionized expense handling at Alm. Brand. Now, employees can handle their expenses digitally and on the move, so they avoid the hassle of queuing at a cash register.
They feel as though they’re hardly spending money on behalf of the company, because the process of recording, approving, and getting a refund for expenses has become so hassle-free.
The digital transformation has not only eased the burden on employees – it has also freed up valuable time and resources for the finance department.
Indeed, they estimate that the finance department saves between two to three days a month.
Leaders at Alm. Brand are also very satisfied with Acubiz, as they now approve their employees’ expenses digitally and on the go. Previously, it was a time-consuming process to physically sign each expense, which was often deprioritized due to lack of time.
All that has changed with Acubiz.
The approval workflow is now rapid, straightforward, and digital. This means significant time savings for the leaders. At the same time, it has provided better control of the approval flow and made expense reimbursement easier for the employees.
Read more about Alm. Brand on their website.