Case Study: Volt reduces month-end close by 3 days with Stacks

Volt’s Close Transformation with Stacks

Volt, a company revolutionizing merchant payment solutions, faced significant challenges with its manual and time-consuming monthly financial close process. Their finance team was burdened by manual journal entries, cumbersome reconciliations, and a lack of standardized workflows, which drew out their close cycle and hindered growth. Seeking a technological solution, they partnered with the vendor Stacks to implement its platform and achieve a more efficient and scalable process.

Stacks implemented its platform, including the Stacks Excel Assistant for journal uploads and its AI-driven reconciliation engine, to automate manual tasks. The Stacks Workspace provided clear workflows and a centralized audit trail. As a result, Volt reduced its monthly close cycle by three days, a 33% reduction, and achieved 97% automated transaction matching, significantly improving efficiency and audit readiness.

Volt

Roks S.

Accountant