Case Study: BitTorrent reduces close times by 3 days with Accrualify

BitTorrent - Customer Case Study

BitTorrent, Inc., a San Francisco-based internet technology company, was managing purchase orders, invoices, and accruals manually before working with **Accrualify**. Their finance team relied on paper-based approvals and manual filing, which made tracking spend, matching invoices, and auditing slow and error-prone. They also lacked a robust way to manage accruals and purchase orders as the company grew.

**Accrualify** implemented its Spend Management Platform, Accrual Module, PO Management Module, and Vendor Portal to digitize and automate BitTorrent’s procure-to-pay process. The results were significant: BitTorrent reduced its book close time by 3 days, improved finance efficiency and accuracy, and saw about 90% of vendors adopt the Vendor Portal to submit payment, tax, contract, and accrual information, giving the team better visibility and a stronger audit trail.

BitTorrent

Dipak Joshi

CFO