Case Study: Chronosphere achieves a faster audit and 70% less financial reporting work with Inscope

Fast-Tracking Chronosphere's Audit with Inscope

Chronosphere, a rapidly growing venture-backed software company, was preparing for its first audit under an aggressive timeline. While transitioning to a new ERP, its finance team was challenged with consolidating financial data from multiple spreadsheets. New controller Priti Ramani sought a solution from Inscope to streamline reporting and reduce the manual workload to avoid diverting time from strategic initiatives.

Inscope implemented an advanced platform powered by Generative AI to automate Chronosphere's financial workflow. The solution automated tasks like formatting, linking, and internal checks, generating statements as soon as the books were closed. As a result, Chronosphere completed its audit a full month ahead of schedule. The team experienced a 70% reduction in the effort required to draft and issue financial statements, which increased operational efficiency and built investor confidence.

Chronosphere

Priti Ramani

Controller