How Sudozi streamlines ConsenSys’s spend decisions with built-in budget insights.
How Sudozi Helps ConsenSys:
Budget source siloed from the Procurement software
The ConsenSys Finance & Accounting team, led by VP of Finance John Chard and Controller Tom Klemans, is committed to developing a robust procurement policy. The team has a mandate to ensure that all spend falls within the FP&A Corporate budget.
Unfortunately, budget owners and finance were required to spend hours understanding how much is left in their budgets before they could submit or approve a new request, respectively. The issue was that the number of procurement requests were so significant that the Team couldn’t possibly get around to reviewing every request against budget.
As Financial Systems Manager Lori Rosenberg highlights, Budget + Actuals data and requested spend often live in disparate silos, and are not easy to compare. If John, Lori and the team wanted to spend more time advising and helping the company’s top and bottom lines, then the lengthy process of manually comparing spend against budget was simply not an option.
Strategic procurement with Budget Insights
ConsenSys had previously leveraged various spend management and planning tools, but ultimately chose to consolidate on Sudozi for an all-in-one procurement, planning and payments platform.
Sudozi empowers ConsenSys to focus on what matters: ensuring strong spend discipline and driving durable growth. With Sudozi, ConsenSys gains full visibility into their business while gaining invaluable budget insights when making spend decisions.
Sudozi eliminated the pain of implementing and switching between various procurement and planning tools; the team now saves hours each month reviewing spend versus budget and actuals, all in one tool.
“Sudozi is the only product that gives business leaders and FP&A context to their budgets embedded in the approval workflow. The common question of ‘what’s left in my budget’ is accessible and clear to each business leader”
Lori Rosenberg, Finance Systems Senior Manager
Sudozi enables collaboration and strong execution across the business
ConsenSys was able to leverage Sudozi to replace many disparate tools, all while gaining greater visibility into spend, driving collaboration with Finance, and saving tens of hours each month in approval reviews. VP of Finance John Chard put it best:
“Business leaders use Sudozi to see in real-time what’s been spent from their budget and what they have left. The Finance team is using Sudozi to make faster and more confident decisions regarding new requests.”
Lori Rosenberg, Finance Systems Senior Manager
Streamline Spend Requests with Budget Insights
Upon request, ConsenSys can immediately assess whether a spend request falls within budget. Sudozi enables ConsenSys to drill-down by Business Unit, Department and Vendor to streamline the approval process. This was previously a manual process that required significant digging across disparate sources.
Increased Collaboration
Sudozi not only provides Finance & Accounting with enhanced spend insights to make decisions, but gives its business unit leaders full visibility into their actuals and budget data. This has had the effect of driving greater alignment within the organization, as ConsenSys business leaders can better understand how they can impact top and bottom line.
All-In-One
Sudozi consolidated disparate tools across spend management and FP&A planning, saving Finance & Accounting costly hours switching between apps.
