At Amsterdam Science Park, we believe knowledge has no borders. That’s why you’ll find cutting-edge institutes, top-class facilities and business incubators in one convenient location. You’ll meet motivated students, innovative researchers, talented scientists and adventurous entrepreneurs – all in an environment where it’s easy to work together. Cross-disciplinary initiatives and holistic thinking flourish. Ground-breaking research projects become successful spin-offs. That’s the strength of Amsterdam Science Park: connecting boundless minds.
Pieter Verbruggen is the founder & CEO of SRXP, a successful expense management scale-up based at Amsterdam Science Park.
“I founded SRXP over six years ago with Rogier Schutte and Mark Bothof. We were all students at the University of Amsterdam at the time, and the company started as a project for the minor Entrepreneurship that we were all taking in addition to our majors - in international business administration in my case, and information science in Rogier and Mark’s."
“Our start-up idea was to digitise the expense reporting process. We created the first digital expense reporting system in the Netherlands, and one of the first in Europe, and we quickly saw that it had huge potential. In 2010, the Dutch tax authorities started accepting digital receipts, so our timing was just right. Today, we’re the Dutch market leader with a client list of major companies, such as Bugaboo and Port of Rotterdam, and we currently employ 15 people. So we’re no longer a start-up, but a scale-up."
“The presence of ACE Venture Lab is a big plus”
“We see ourselves as a software company with a product and a sales mentality. SRXP is the expense management solution, complete with workflow and integration for credit cards. It saves our clients money, time and paper, and gives financial departments a better overview. These days, we aim to stay ahead of the competition by adding more specialised features, such as pre-approval and VAT reclaim."
“Lots of our clients have international offices in addition to their Dutch HQs, which means that SRXP is already used in more than 25 countries. Our next goal is to become a major player in the EU, especially in Germany and France. Expanding our market is our aim, rather than increasing our product offering, although we are looking at adding more features"
“It’s great for us, as one of the first success stories, to be able to encourage the next generation”
“We intend to stay here at Amsterdam Science Park, although that also depends on how much we grow in the future. There are plenty of advantages in being located here. We’re near to UvA’s department of information science, which is useful when we need to find developers or help with big projects. The park has good parking facilities and excellent road connections, which are important to us for visiting clients. There’s also an amazing gym here, so we can relax as hard as we work!"
“One thing I would really like to see at Amsterdam Science Park is a big social space, a place where you can see everyone and gather together and talk and make connections. I do think it’s a shame that other start-ups here aren’t as sales driven as we are."
“My studies in international business administration and entrepreneurship have proved very relevant for running SRXP, and at the start we had a lot of support from UvA. Recently, I’ve noticed the number and quality of start-up ideas at Amsterdam Science Park increasing. Instead of theory, there’s now more focus on the practical: build it, test it, sell it. The presence of ACE Venture Lab is a big plus, and I wish they had been here when we started. We share a building with them and really enjoy taking part in their master classes."
“Having started out as an undergraduate entrepreneur, I am now also a coach and lecturer in entrepreneurship at UvA, and I really enjoy working with the students. It’s great for us at SRXP, as one of the first success stories, to be able to encourage the next generation. Being an entrepreneur is a special mentality and way of working, and we want to help others who are trying to start something up.”