Case Study: Statsig achieves 80% reduction in aged receivables with Tabs

How Statsig scaled to a $1 billion valuation with a one-person finance team

Statsig, a fast-growing product experimentation platform, faced a significant scaling challenge with its manual and broken billing workflow. Their one-person finance team was burdened with double data entry between Stripe and QuickBooks, had no way to track accounts receivable, and lacked any automated collections process. This resulted in millions of dollars in unpaid invoices and consumed countless hours each week, hindering the company's rapid growth. They turned to the vendor Tabs and implemented its Billing and Collections products to solve this critical operational problem.

By implementing Tabs, which uses a contract-centric approach for accuracy, Statsig automated its invoicing and collections processes. The solution delivered immediate and measurable results, including an 80% reduction in aged receivables and a 45% reduction in invoices past due. The Tabs platform saved the finance team over three business days per month in manual work and enabled them to scale billing volume by 3x without adding any new headcount, providing the streamlined and scalable operations needed to support their valuation growth.

Statsig

Stephen Praas

Head of Accounting