Case Study: Sonic Labs saves hundreds of hours on crypto payments with Request Finance

How Request Finance helps Fantom Foundation to simplify their crypto invoices and payroll

Sonic Labs (formerly Fantom Foundation), a layer-1 blockchain company, faced a highly manual process for its crypto payroll and invoice payments. This involved using spreadsheets to manage wallet addresses and conduct payouts one by one, which was extremely time-consuming. Their bookkeeping was also tedious, requiring manual conversion of crypto payments into fiat values. They turned to the Request Finance app to solve these challenges.

By implementing Request Finance, Sonic Labs automated data collection for financial records and centralized all invoice management. The solution provided an intuitive platform to process payments for grants, contractors, and team members while automatically pricing crypto in fiat. The vendor, Request Finance, saved the company hundreds of hours per year, allowing the team to focus on other business areas and improve the payment experience for their community.

Fantom

Michael Kong

Chief Executive Officer