ApprovalMax

ApprovalMax's journey began in March 2014, born from the vision of a team of seasoned workflow and Business Process Management (BPM) professionals. Their passion was to create intuitive tools that simplify complexity and just work. Frustration with the cumbersome and often paper-based methods businesses used for managing bill and invoice approvals sparked the initial idea. The founders, Konstantin Bredyuk, Helmut Heptner, and Peter Volynsky, recognized a deeper underlying issue: a widespread lack of robust internal financial controls, particularly within small to medium-sized enterprises (SMEs). While larger corporations often had access to sophisticated tools for automating accounts payable and receivable, SMEs were frequently left to grapple with clunky, manual processes. ApprovalMax was conceived to bridge this gap, aiming to democratize access to strong internal financial controls for businesses of all sizes.

The core mission from the outset was to replace inefficient paper and email-based approval chains with a more efficient, robust, and secure automated solution. The platform was designed to integrate seamlessly with major accounting systems like Xero, QuickBooks Online, and Oracle NetSuite, adding a crucial layer of protection to financial operations. This focus on integration and user-friendliness was key to their strategy of empowering finance managers and accounting outsourcing companies to easily configure multi-step approval workflows without needing specialized IT intervention. As the company evolved, it remained committed to this principle of making it easy for businesses to take control of their accounts payable and receivable through smart automation. This dedication has fueled their growth, and by 2024, ApprovalMax was serving over 16,000 businesses globally, a testament to the widespread need for their solution. The introduction of add-ons like ApprovalMax Capture and ApprovalMax Pay further solidified its position as a comprehensive, all-in-one solution for automated accounts payable and receivable. Headquartered in the UK, the company now operates on a global scale, with a remote-first team of over 150 people spread across more than 24 countries, all working towards enhancing financial oversight and minimizing the risk of financial mismanagement for their diverse clientele.