Case Study: RapidSOS achieves data-driven FP&A and faster reporting with Abacum

RapidSOS cuts reporting time by 80% with Abacum

RapidSOS, an intelligent safety platform, faced challenges with manual reporting and a lack of centralized data as the business scaled rapidly. Their finance team, led by Senior Finance Director Richard Harem, was spending excessive time on outdated spreadsheets and was unable to deliver strategic insights. They partnered with Abacum, an FP&A solution, to rebuild their financial planning and analysis function from the ground up.

By implementing Abacum, RapidSOS automated its reporting and established a real-time single source of truth. The solution provided each department with performance dashboards, giving budget holders autonomy over their allocations. As a result, Abacum helped RapidSOS save 80% of the time previously spent on reporting and doubled its revenue by enabling data-driven strategic decisions without adding new headcount.

RapidSOS