A New Process of Accounts Payable Resulted in Both Operations and Cost Efficiencies for this Gaming Company, and Opened Up Visibility Into its Expenses at a Critical Time

At A Glance

Company Type: Fast-paced Startup

Industry: Online Gaming

Solution Area: Emerging Growth, Tech Stack, Outsourced Finance & Accounting

Challenge

Not Yest big enough to need its own full-time Controller yet needing an expert who could keep on top of their accounts payable and other accounting matters, this company relied on the ongoing expertise of a ZRG consultant for multiple years.

Despite this company’s strong online-only presence for gamers, manual process reined in the finance organization and slowed down progress. Checks needed to be manually approved, signed, and mailed. This often triggered a drawn-out process as each payment was individually scrutinized on paper.

As the company looked to rein in spending and prepare itself for a strategic move, ZRG alerted the company to a better way of operating – even though it could result in reduced hours for the consultant.

Solution

A full tech stack of integrated applications moves a company away from manual process and entries (and risk of redundancies and errors) to a more streamlined finance function. Invoicing/payments software is a good starting point to bulding the tech stack, by introducing a system of keeping all bills and payments organized and trackable.

• The start of a Finance & Accounting tech stack
• A vetted technology solution to ensure bills are easy to review and paid on time
• Quick transition time to this new way of making payments

Results

• Faster turnaround times for review and approval of vendor payments
• Clearer visibility into the spending habits of the company and the source of spending
• Significant reduced in reliance on outsourced accounts payable
• Cost savings and a streamlined process

What’s best for the client is always a priority for ZRG as we tailor our recommendations to the company’s exact needs today, while factoring in its future strategic goals.

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