Case Study: Cleo speeds up financial close and reporting with Stacks

Cleo and Stacks Future-Proofing the Financial Close Together

Cleo, a personal finance assistant platform, faced limitations with its Xero accounting software, including an inability to bulk upload journal entries or quickly produce financial reports, which resulted in inefficient manual processes. To proactively future-proof its accounting function, the company adopted Stacks, an AI-native accounting platform, and its Journal Entry Assistant product.

By implementing Stacks, Cleo achieved an 80% faster journal entry processing, saving four hours each month. The solution also provided enhanced financial reporting through Synched Sheets and streamlined the preparation of control sheets. These improvements from Stacks have resulted in a more scalable finance operation and allowed the team to publish management accounts faster.

Cleo

Andy M.

Head of Finance