Mynt's Digital Expense Management Cuts Manual Work from Six Hours to Fifteen Minutes Weekly

Swedish fintech company Mynt is revolutionizing corporate financial operations by drastically reducing the manual time finance departments spend on expense management. CEO and co-founder Baltsar Sahlin revealed that before adopting Mynt’s solution, companies spent up to six hours per week handling receipts and expenses manually — a process fraught with inefficiency and mental strain. Mynt’s digital platform, which features smart corporate cards integrated with real-time expense tracking, has slashed that time to just fifteen minutes weekly.

This automation frees finance teams to focus on strategic analysis and advisory roles instead of administrative tasks. Sahlin emphasized that many firms underestimate the hidden costs of manual processes, which often lead to errors and delays, increasing operational overhead. Additionally, the rise in digital receipts, now supported by about 10,000 retailers, enables the possibility of “Zero-touch expenses,” a fully automated expense management flow that enhances accuracy and efficiency.

The updated receipt legislation further pushes companies toward digitalization, warning those who cling to manual methods risk losing competitive advantage. Mynt’s platform currently supports over 20,000 companies, offering seamless integration with major accounting systems and full budget control through their corporate cards. This combination of automation and financial oversight is reshaping how Swedish companies manage expenses, driving cost savings and operational agility.