Case Study: Gnosis achieves 90% month-end automation with Cryptio

Gnosis - Customer Case Study

Gnosis, a pioneer in blockchain-based fund management tools, faced significant back-office challenges. They had accumulated two years of accounting debt, struggled with the manual calculation of cost basis for over a million transactions, and needed to account for crypto-native concepts like ICOs and airdrops in their financial reports. They turned to Cryptio for an enterprise-grade back-office solution to address these issues.

Cryptio implemented its proprietary platform to automate and reconcile Gnosis's financial data. The solution provided accurate and auditable transaction records, translated complex crypto events for accounting purposes, and processed half a million transactions using a FIFO cost basis methodology. This enabled Gnosis to eliminate its accounting debt, achieve 90% automation of its month-end closing process, and ensure business continuity with reliable data and support.

Gnosis

Stefana Bota

Financial Controller