Case Study: Yoto saves 1–2 days a month on bank reconciliations with Stacks

Yoto saves 1–2 days a month on bank reconciliations with Stacks

Yoto, a global children's audio player company, faced a significant challenge as its rapid growth led to increased transaction volumes and a complex multi-entity, multi-currency structure. Their small finance team, using NetSuite, struggled with manual processes, spending excessive time chasing close statuses and performing bank reconciliations across 46 accounts, which hindered visibility and control. They sought a solution from Stacks to centralize their financial close and automate key tasks.

By implementing Stacks, Yoto automated its bank reconciliation process, saving 1-2 days per month. The Stacks platform provided a centralized system of record, enabling bulk journal posting and giving the team real-time visibility into the close status. This allowed for a smoother audit process and promoted greater ownership within the team. The results were achieved even during peak trading and an ongoing audit, demonstrating the immediate value and robustness of the Stacks solution.

Yoto