Gaining 20+ hours a month back to focus on more strategic, impactful work
With Sergio Prada, Director of FP&A, and Josephine Lee, Assistant Controller at Envoy
Envoy is transforming modern workplaces with products and data that make office life more connected, automated, and efficient—but when it came to automating their financial data, they knew they needed a little extra help.
Challenge:
- Building recurring reports was super time consuming, messy, and at times, error-prone, taking days to put together financial statements
- Even the most standard reports required exporting and cleaning data from NetSuite, Salesforce, etc. to update their spreadsheets
- The team was spending more time doing mundane tasks than doing the job they were hired to do—being strategic advisors to the business
Solution:
- Envoy implemented Aleph as their source of truth for financial data
- Integrated data sources like Netsuite and Salesforce in a matter of hours
- Converted all of their cross-system data into familiar pivot tables
- Replaced all their complicated sumif, vlookups, and indexmatches in Excel and Google Sheets with Aleph’s custom formulas
We moved all our financial reporting to Aleph. Since we implemented it, I have encouraged all the members of the FP&A team to automate their reports with Aleph. Our Excel reports that we always used are now updated in a matter of seconds with the Aleph formula. There is a before and after in the way we work.
Results:
- In under a week, they were fully onboarded with most of their financial reporting completely automated
- Saved the FP&A team 20+ hours a month in manual data exporting, consolidating, and reporting
- Accelerated and supported a quick transition between accounting systems
- Removed the risk of human error that their previous processes were volnerable to
- Dramatically improved their planning and analysis capabilities with real-time data, fleixible models, and deeper drill-downs
In the beginning, it took days to even put financial statements together. We would have to run our financials multiple times a day, and that would take at least half an hour each time just to update them. But with Aleph, it just takes minutes.
This new way of working has enabled the Envoy's finance and accounting teams to not only become more efficient, but to focus their attention into providing value to the business by extracting insights, partnering more closely with other areas of the business, and championing a data-driven culture.
In the beginning, it took days to even put financial statements together. We would have to run our financials multiple times a day, and that would take at least half an hour each time just to update them. But with Aleph, it just takes minutes.
Discover Aleph today
