Case Study: Rippling achieves SOX-ready, faster cash accounting with Maxima

How Rippling built SOX ready cash accounting with Maxima

Rippling, a modern HR and finance platform, faced a significant challenge in managing its high-volume cash accounting. With over 2.6 million monthly transactions across 150 bank accounts, its accounting team was manually processing data in spreadsheets, which consumed valuable time and introduced a high risk of error. To achieve a faster, more accurate close and build a SOX-ready foundation, Rippling partnered with vendor Maxima to implement its Journal Automation for bank ledger accounting.

The solution from Maxima automated the creation and posting of journal entries directly into the ERP, shifting the process from a reactive, end-of-month scramble to proactive, in-month processing. This automation resulted in the elimination of manual spreadsheet work that previously consumed about four FTEs, saving an estimated 700 hours cumulatively every month. The implementation provided standardized reconciliations, robust preventative controls, and a clear audit trail, giving Rippling confidence in its seven-day close and freeing its team to focus on higher-value analysis.

Rippling

Vipin Sethi

VP, Controller