Case Study: Found achieves a 5-day close with Rillet

Found cuts month-end close from 12-14 days to 5 with Rillet

Found, a provider of banking and financial tools for self-employed people, faced significant accounting challenges. With a two-month backlog and an external audit approaching, their manual processes in QuickBooks Online were untenable. Their cash reconciliation took 5-6 days and produced a single aggregate number with no transaction-level audit trail, leaving them unprepared.

Rillet implemented its platform to automate Found's financial processes. The solution provided transaction-level visibility, rule-based matching, and a SOC-compliant audit trail. Results included a 6x faster cash reconciliation, reducing it from 5-6 days to just one. The month-end close was cut from 12-14 days to 5 days, and partner payout reports were automated and sent 7 days earlier. Rillet repositioned Found's accounting team as a strategic partner to the business.

FOUND