Case Study: Spark Advisors cuts invoice approval time 90% with Rho
Key results
The challenge
Spark Advisors is a Medicare brokerage that supports over 600,000 beneficiaries annually through a network of 6,000 agents. Before Rho, the team relied on several disparate legacy tools to manage banking, corporate cards, and treasury. As it scaled from seed to Series A, paying invoices and setting user controls across multiple accounts became burdensome and time-consuming.
The solution
A Rho customer since 2020, Spark Advisors consolidated treasury, corporate cards, expense management, and its accounting integrations onto Rho's single platform. Onboarding took about a week, and the finance team used Rho's controls to manage multiple entities and bank accounts from one interface.
“We went from spending a week on invoice processing to 10 minutes. It's significantly streamlined our payment structure to our partners.”
BEByron EdwardsCOO, Spark Advisors
The results, in context
According to the case study, Spark Advisors cut its bulk invoice approval process from nearly a week to about 10 minutes, a 90% reduction in time spent. The company reported saving one to two full-time equivalents on its finance team and keeping that team roughly 30% smaller than it would otherwise have been, while managing 178 active corporate cards across the organization.