Bitpanda

Bitpanda simplifies wealth creation. Founded in 2014 in Vienna, Austria by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda exists to help people trust themselves enough to build financial freedom for their future.

The user-friendly, trade-everything platform empowers both first-time investors and seasoned experts to invest in the cryptocurrencies, crypto indices, stocks, precious metals and commodities they want — even outside trading hours, 24/7. With hundreds of team members from across the globe and over 4 million customers, the company is one of Europe’s most successful fintechs.

Company overview

Vienna, Austria

700 employees

Financial services

Perk Expense

Problem: Tedious spreadsheet work makes spend management inefficient

Before using Perk, employees used Excel spreadsheets to manage their expenses. This manual process caused frustration among employees and led to downstream processes that needed a lot of manual intervention.

Being a successful financial services company, Bitpanda quickly realized that their current market environment required them to manage their spend more efficiently.

So, Bitpanda decided to adopt a solution that would streamline its spend management, improve efficiency, and integrate with its complex software environment.

Solution: Perk's easy-to-use spend management suite speeds up financial operations

Bitpanda chose to automate its spend management by partnering with Perk. Bitpanda considered several other spend management solutions, but quickly concluded that Perk was the best choice.

Perk’s user-friendly features and simple integration into Bitpanda’s existing software environment were major factors in the decision.

The implementation of Perk improved the finance processes immediately, and with Perk’s all-in-one spend management platform in hand, Bitpanda could take full advantage of integrated corporate cards as well.

Impact: Expense management operating costs reduced by 62.4%

Bitpanda’s embrace of Perk’s software has yielded impressive results. In just the first year of implementation, Bitpanda slashed operational costs by a remarkable 62.4%.

The entire expense process, spanning from submission to reimbursement, now moves at lightning speed, clocking in at 2.66 times faster than before.

Today, the operational costs associated with spend management is only 4% of total annual expense volume.

Bitpanda’s implementation of Perk’s solution was a seamless experience and the introduction of the new platform to employees hasn’t just been successful, it’s been welcomed.

Bitpanda’s CFO has recognized Perk’s software as a pioneer of AI-driven solutions in the finance sector for today, tomorrow, and beyond.

2.7 x

faster spend management

0 %

cost reduction in expense processing

0 %

decrease in operation costs associated with spend management

8 x

more expense anomalies detected

Perk’s solution fits so seamlessly into employees’ everyday work that there was no feedback whatsoever after Perk was introduced – there can hardly be any better feedback.

Bitpanda’s CFO, Grausgruber, recognizes Perk’s software as a frontrunner of future solutions, aligning with Bitpanda’s commitment to innovation and making financial management easier for their customers.