Case Study: Novo achieves faster FP&A and supports major funding growth with Cube Software

How this One-Person FP&A Team Helped Secure Another $131M in Funding for Novo

Novo, a business banking platform, was facing significant challenges with its financial planning and analysis (FP&A) processes. The one-person FP&A team, led by Head of Strategic Finance Florian Gendeau, was spending excessive time on manual data consolidation from disparate spreadsheets and sources. This left little time for strategic work, created difficulties in gathering accurate department-level data for budgeting, and made it hard to maintain error-free, up-to-date forecasting models ahead of a crucial funding round. They turned to Cube Software for a solution.

Cube Software provided a spreadsheet-native FP&A platform that automated data consolidation and reporting, acting as a single source of truth. The implementation was completed in just three days. The solution saved the team hours each month, eliminated the immediate need to hire additional staff, and provided extreme confidence in their data. This empowered Florian to perform deeper analysis and tell a compelling story to investors, which contributed to Novo successfully securing an additional $131 million in funding and significantly growing its customer base.

Bank Novo

Florian Gendeau

FP&A Lead