Case Study: Dr. Squatch saves $100K+ a year with Rho
Key results
The challenge
Dr. Squatch is a fast-growing natural men's grooming (CPG) brand founded in 2013. Its lean finance team ran on disparate legacy systems that required hours each week pulling spend reports, coding transactions, and entering them into NetSuite. As its brick-and-mortar retail business doubled, rising interest rates also made its existing cost of capital unsustainable.
The solution
Dr. Squatch consolidated corporate card purchasing and expense management on Rho, using the NetSuite integration to feed transaction data across dozens of Rho Cards with the right budgets and labels and no manual coding. Rho's credit underwriting model also expanded the company's available credit.
“It saves us so much time every month. We are a lean finance team - so having hours back that we were otherwise spending on credit card data reconciliation is a huge value add.”
SGSarah GreenSenior Accounting Manager, Dr. Squatch
The results, in context
According to the case study, Dr. Squatch saves 20+ hours per month by automating expense and accounting reconciliation and reports over $100K in annual savings from eliminating Concur expense software and reducing capital costs. Rho's underwriting model tripled the company's credit limit, improving its capital efficiency.