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How Koru Kids found the spending process its finance team deserves

author

Dana Chahine, Finance Lead

27subscriptions managed with Spendesk

10hours saved by finance per month

10payments logged per week

Company

Koru Kids Koru Kids is the fastest-growing childcare brand in London. It helps families find nannies and then takes care of the process of employing those nannies. This includes payments, tax, and other tasks associated with employing a nanny. Most importantly, it makes it cheaper and easier for families to find great, flexible childcare.

Headquarters

London, United Kingdom

Founded

2016

Company size

11-50

Industry

Childcare tech

Main challenges

  • Dealing with company spending efficiently as a finance team
  • Tracking payments made on company credit cards
  • Managing online subscriptions
  • Analyzing suppliers for online payments
  • Integrating purchases easily into Xero

Solutions

  • An all-in-one spend management solution to handle payments in one place
  • Easy-to-use virtual cards for subscription and one-off purchases
  • Faster employee reimbursements for rare occasions
  • High-functioning Xero integration for all spending

Key results

  • A comprehensive spending process that the finance team loves
  • Quick-to-generate virtual cards that let employees spend safely online
  • Accounting automation that saves time and energy
  • A process built to scale with this fast-growing company

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