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🎯 Key Points
- Preparing monthly actuals for Typeform’s management accounts used to take 2 weeks each month. 16 GSheets had to be manually updated and individually sent to business partners, leaving limited time for analysis.
- Abacum automated manual tasks and made data ready in a click.
- Collaboration with budget owners within the platform allowed FP&A to gather information faster and conduct deeper analysis.
- Improved quality of insights led to better strategic decisions geared towards meeting company operational and financial metrics.
Typeform, the online form creation company, became a fast scaling company shortly after it was founded in 2012. They had raised $52 million in funding backed by Index and General Atlantic, among others, onboarded top-tier customers such as Slack and Superhuman, grew to more than 360 employees and expanded internationally. Keeping up with its success meant that it attracted a sophisticated finance team to drive better insights into the organization.
By this time, Typeform had expanded to 16 business units, each with its own complexities. To ensure the efficient growth of the business, seasoned CFO Xavier Castellana turned his attention to the business planning process and decided that they should adopt automation software to make it faster, more scalable and collaborative.
“Having data readily available and transparent to our business partners has made a big difference in our forecasting process. We’ve made faster and smarter decisions on a company-wide level because our forecasting is more powerful.”
Xavier Castellana, CFO
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Automation, collaboration and fast time-to-insight can make a huge impact on your company’s financial planning process, the same way it did for Typeform.
With Abacum, we empower finance teams of high-growth tech companies to become true strategic partners in the organization by driving time-to-insight with powerful automation and seamless collaboration. Request a demo now to see the product live and start your own transformational journey.