Case Study: Softonic achieves faster, more accurate FP&A reporting with Abacum

Softonic cuts monthly reporting time by 60% with Abacum

Softonic, a B2B company with 120 employees based in Barcelona, faced a significant challenge as its finance team was buried in manual spreadsheet work. Their budgeting and reporting processes were slow and inefficient, taking up to three days each month to prepare reports, which hindered collaboration and agility. To address this, they selected the Abacum platform for its intuitive and collaborative financial planning features.

By implementing Abacum, Softonic streamlined its financial workflows, using it for budgeting, forecasting, and board reporting. The solution delivered substantial results, including a 60% reduction in monthly reporting time, saving over two days per month. This eliminated manual errors, provided a single source of truth, and fostered greater transparency and trust company-wide. Abacum enabled the finance team to become more efficient and strategic, scaling their operations without adding headcount.

Softonic