Finance Transformation Case Study for Staffbase

This case study details the finance transformation journey undertaken by Staffbase, a technology company with over 1,000 employees. The document outlines the challenges faced by the finance team, including the need to rebuild trust in the system and automate manual processes. It describes the solution implemented by Kognitiv, which involved an 18-month, three-phase approach focusing on stabilization, automation, and empowerment. The phases included enhancing the Financial Data Model, streamlining reporting and workflow processes, and fostering a collaborative mindset. The impact of these changes is documented, highlighting significant cost savings of over €1.6 million, increased productivity by unblocking over 216 hours per week, and improved team satisfaction with an internal employee NPS increase to +45. The case study emphasizes the transformation of the finance team into a strategic partner for the business, capable of supporting growth and providing real-time insights.