Corporate Cards and Expense Management Case Study: How We Use Miden at Miden

Our Corporate Cards and Expense Management Case Study

We often hear the phrase "eat your own dog food" in tech, and at Miden, we take it seriously. Here's a peek into how our team actually uses the financial tools we've built. And how it's making a difference for our team.

Simplifying International Transactions

Okiemute DA, our CEO, found Miden cards particularly useful during his time at Y Combinator:

"While in San Francisco for YC, I relied on my Miden card for everything from flights to meals. It took the stress out of international spending, letting me focus on the program instead of currency conversions. It made my life so much easier, especially being away from home."

Okiemute. DA

Managing Subscriptions and Expenses

George-Daniel Osuagwu, Head of Products, uses Miden to keep track of various product subscriptions.

''In a past role, managing corporate expenses was a constant challenge. We were dependent on our CEO’s card for all payments, leading to delays, errors, and cumbersome reconciliation processes.

Here at Miden, we do things differently. We use our own dedicated cards for corporate expenses, allowing each department to manage their costs, including subscriptions and operational expenses, with complete transparency. This approach has eliminated bottlenecks, and made expense management more efficient, easily reconcilable, and secure''.

Enhancing Financial Oversight

Gift E, who leads our Finance Team, uses Miden to maintain a clear picture of our finances. 

"Miden has transformed how we handle our finances. I can quickly approve payments, track expenses across departments, and generate real-time reports. This visibility helps us make informed decisions about our spending and budget allocation. No more surprises when the bills come in or frantically searching for that one subscription that's draining the budget”.

What We've Learned Along the Way

Using Miden ourselves has taught us a few things:

Simplicity Matters A lot

When you're busy building a company, the last thing you want is to wrestle with complicated financial tools. Because we use Miden we have made changes and updates to make the product more flexible for users. We've made our APIs easy to work with. We want Miden to fit into your workflow, not the other way around.

Real-time Insights are Game-changers.

Having immediate access to financial data has improved our decision-making process. We've learned that the ability to quickly analyze spending patterns and adjust course when needed is invaluable for startups and growing businesses. This insight has driven us to enhance our real-time reporting features, ensuring our users can benefit from the same level of financial agility we've experienced.

Security Can't Be an Afterthought

As we've handled our own sensitive financial data through Miden, we've become even more aware of the critical importance of robust security measures. This has led us to continually strengthen our security protocols, ensuring that our users' data is protected with the same level of care we demand for our own.

User Feedback is Gold

We've essentially become our own focus group. This has allowed us to quickly identify areas for improvement and implement changes that genuinely enhance the user experience. We've learned to value every piece of feedback from our users, knowing that it can lead to meaningful improvements.

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