Ten green bottles

'Clear, efficient, streamlined': How Libeo changed the game for Ten Green Bottles

Utilisateur

Libeo's user : Simon Broad, co-owner & founder

Entreprise

Company : Ten Green Bottles Limited

Location

Location : Brighton, UK

Industrie

Industry : Retail & Catering

Nombre d'employees

Number of employees : 7

Fonctionnalité

Features : Bulk pay & future dating payments

Ten Green Bottles was founded by Simon Broad & Sam Devaney in January 2007 to start importing wine from small producers. For a time, the main business was selling to restaurants (clients included The Fat Duck, The Square, Locanda Locatelli…). When he received an email offering a free trial for Libeo in May, Simon Broad thought he'd give it a shot. A thought he doesn't regret.

About Ten Green Bottles

Ten Green Bottles was founded by Simon Broad & Sam Devaney in January 2007 to start importing wine from small producers. For a time, the main business was selling to restaurants (clients included The Fat Duck, The Square, Locanda Locatelli…). When he received an email offering a free trial for Libeo in May, Simon Broad thought he’d give it a shot. A thought he doesn’t regret.

During Covid, Ten green bottles applied for and won a government grant aimed at companies innovating to take their offering online, allowing TGB to purchase equipment to offer wine tastings online, at the same price and as close to the normal experience as possible.

BEFORE LIBEO: MANAGING INVOICES THE OLD WAY

Before Libeo, Ten Green Bottles’s weekly process involved approving new invoices, reconciling the previous week’s payments, checking the Aged Payables report against the statements received, and finally making the payments that were due that week. There were roughly 10 to 15 supplier invoices per week and took up to 1 to 1.5 hours per run.

'The wallet made a big difference. Much easier to pay in bulk instead of paying each invoices separately through online banking.'

Simon Broad

Simon Broad

Founder - Ten Green Bottles

How Libeo Changed Simon’s invoice management process

Libeo has both streamlined the process and is a useful tool for drilling down into and getting a clear view of the supplier payments side of the business. What used to be a lot of weekly checks through a number of reports on Xero have become monthly reviews through Libeo filters.

'Being able to make just one weekly payment to my wallet, that is then automatically reconciled, is a real timesaver.'

Simon Broad

Simon Broad

Founder - Ten Green Bottles

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Libeo is registered by ACPR (Prudential Control and Resolution Authority) under the number 844679068 (approval can be consulted in the Register of Financial Agents – www.regafi.fr) as a payment services agent of the electronic money institution Treezor. Treezor, registered in the Paris Trade and Companies Register under number 807465059, whose registered office is located at 33 avenue de Wagram, 75017 Paris, acting as an electronic money institution within the meaning of Article L.525-1 of the French Monetary and Financial Code and approved by ACPR (Prudential Control and Resolution Authority), is located at 4 Place de Budapest CS 92459 75336 Paris Cedex 09 as an electronic money institution under number 16798, approval which can be consulted on the ACPR website in the Register of Financial Agents (REGAFI): www.regafi.fr.

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