Case Study: Puma Biotechnology Automates End-to-End Accrual Workflow with Gappify

Puma Biotechnology cuts accrual close from D-14 to D+3 with Gappify

Puma Biotechnology, a biopharmaceutical company, faced a highly manual and time-consuming accrual process that began 14 days before month-end close. Their challenge involved pulling reports for 20 departments, sending confirmation emails to hundreds of vendors, and consolidating support into spreadsheets, which prevented the accounting team from focusing on higher-value tasks. They turned to Gappify and its accrual automation solution to address this inefficiency.

Gappify implemented an automated end-to-end accrual workflow for Puma Biotechnology. The solution was seamless to set up and required minimal ongoing effort. The results were significant: Puma now starts its accrual process on day 3 of the close instead of day -14, drastically condensing the close window. Gappify also provided greater visibility through its integrated dashboard, improved audit trails, and eliminated manual tasks like sending and tracking hundreds of confirmation emails.

Puma Biotechnology