Case Study: Rewst achieves faster, audit-ready revenue recognition with Maxima

How Rewst automated revenue recognition and prepaids with Maxima

Rewst, a rapidly growing SaaS robotic process automation company, faced a significant challenge in its financial close process due to manual, spreadsheet-heavy workflows for revenue recognition and prepaid expenses. As the company scaled, this fragmented approach from systems like billing and ERP led to a 20-day close, was prone to errors, and could not meet the accuracy demands of an impending audit. This drove their search for an automated solution, leading them to the vendor Maxima.

Maxima implemented its AI-first automation platform to fully automate Rewst's revenue and prepaid accounting. The solution ingests billing data, builds deferred revenue schedules, and prepares accurate journal entries for review. As a result, the time spent on these tasks was reduced from over 8 hours to just 15 minutes per month, and the financial close cycle was cut from 20 days to 10. This provided Rewst with an audit-ready trail, real-time visibility into financial data, and allowed its finance team to shift from manual busywork to strategic, high-value analysis.

Rewst

Jason Lopez

Senior Finance Director