New
Introducing Brex cash
It’s time to replace your bank account
x

Case study / Life sciences

Streamlining expense management & reconciling in half the time

The Brex Difference

5 minutes

Application & Removal Time

Immediate

Implementation Time

Banks, credit limits

Pain Points

Lab suplies, reagents

Top Spend Categories

Company Info

David Mittleman

Founders

2018

Founded

Houston, TX

Headquarters

11-50

Employee Count

$4M (Series A)

Funding

Company

Othram uses DNA sequencing and genomics to advance biometrics and human identification.

Challenge

Othram’s lab operates by making bulk purchases, and Othram kept hitting the limit of their Chase bank card. It was painful to get a credit card through a bank, and “I was expected to appear in person to apply,” said David Mittelman, founder and CEO. “Someone was required to personally guarantee it on behalf of the company.”

Solution

As an entrepreneur, Mittelman was receptive when Brex reached out. “Brex offered an inventive solution that would solve many of our pain points. All I had to do was fill out a form and connect my bank. I could afford to spend five minutes on this.” Othram received a substantial credit limit which obviated the need to send in payments mid-cycle. “Brex gave Othram the freedom to operate,” said Mittelman. “The rewards points are a bonus.” Mittelman immediately ordered physical cards for himself and his sales team, because they travel, and everyone else got virtual cards. “Virtual cards are brilliant for online subscriptions because they’re unaffected if you lose your physical card.” Before Brex, Mittelman used to manually log employee charges in a document, which made closing the books time-consuming and tedious. “Now, I can issue cards by project or by person and can easily track spend. It’s easier for our bookkeeper to determine what the charge was for based on which card was used.”

Brex gave Othram the freedom to operate
Outcome

“It’s now twice as fast to reconcile at the end of the month,” said Mittelman, and there’s half as much work. Our bookkeeper can easily distinguish lab reagents for R&D versus those that deliver a service.” Brex’s automatic receipt-capture and memo also means that “no one was dumping receipts on our admin’s desk and our bookkeeper had complete context for each transaction.” "We've been telling all our vendors and suppliers we want to pay by credit card." Othram used to use Expensify to do expense tracking, but because Brex has the native ability to upload receipts, Othram streamlined its expense management. “It’s more convenient to just use Brex than have multiple software tools, so we stopped using other expense tracking tools,” said Mittelman.

It's now twice as fast to reconcile at the end of the month.

Ready to start?

Signing up will not affect your credit score.
SEE IF YOU QUALIFYGET IN TOUCH
Brex
Product
Brex for StartupsBrex for EcommerceBrex for Life SciencesBrex CashPricingMobile AppFraud & SecurityFAQ
Rewards
Contact
Resources
Legal
© 2019 Brex Inc. “Brex” and the Brex logo are registered trademarks.

The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Member FDIC. Terms and conditions apply. See the Brex Platform Agreement for details.

Brex Inc. provides a corporate card. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, a program that allows customers to sweep uninvested cash balances into certain money market mutual funds. Investing in securities products involves risk, including possible loss of principal. Neither Brex Inc. nor any of its affiliates is a bank. Please see brex.com/cash for important legal disclosures.