Case Study: Turo achieves 5X more metrics in revenue models with Aleph

Eliminating manual processes while gaining 5X more metrics in their revenue models

Turo, the world's largest car sharing marketplace, faced significant challenges with its legacy financial systems. Their FP&A team was burdened by manual processes that required dozens of exports and hours of work each reporting cycle to manage revenue, forecast, and budget models. Specific issues included cumbersome consolidation and FX conversions for their international entities, and they needed to centralize data to streamline their S1 filing process.

The company implemented Aleph, a tool for financial modeling and data consolidation. The solution was initially adopted for revenue modeling and quickly expanded to other reporting needs, including actuals, forecasts, and budgets. As a result, Turo’s finance team established a central source of truth, with management dashboards that now match public filings precisely. The implementation of Aleph allowed them to track over 50 financial KPIs, a 5x increase, and reduced FX import times from hours to just two minutes, creating the equivalent output of at least one additional analyst.

Turo

Chuck Fisher

Chief Financial Officer