Becoming A Data-Driven Organisation

Helping Squirro streamline their processes for continued business growth.

END-TO-END

Don’t move, We’ll Handle Everything

Cloudteam Company implemented Certinia’s Accounting & Analytics and Billing Central, seamlessly integrating with Squirro’s Salesforce CRM. The solution automated deal-to-invoice tracking, eliminated data silos, and provided multi-book support, global reporting, and enhanced financial oversight. Additionally, Cloudteam’s Payable Invoice Scan App and Bank Standards App further streamlined accounting workflows.

Headquarters

  • Zurich, Switzerland

Industry

  • SaaS

Size

  • 50-100 Employees

Solutions Implemented:

  • Certinia Accounting & Analytics

  • Certinia Professional Services

  • Cloudteam Company’s PISA & BSA

About

Squirro

Squirro is a generative AI-powered company that specializes in semantic search and insights for unstructured data. Founded in 2012, Squirro integrates AI, machine learning and predictive analytics to transform enterprise data into actionable insights allowing for enhanced decision- making and increased efficiency.

Siloed Data Streams

Manuaaly Managing Monthly Closures

Operating in multiple countries with different accounting rules and currencies posed significant challenges. All accounting processes were outsourced to experienced consultants in each region, resulting in a significant disconnect in data as each party would leverage its reporting methods.

Having all accounting processes outsourced resulted in receiving monthly Excel reports that needed to be manually consolidated, creating a significant accounting burden. Tracking open invoices, managing accounts receivable, maintaining recurring billing for
software licenses, and general accounting tasks were complicated. These inefficiencies and complexities highlighted the need for a more integrated and streamlined accounting solution.

Gaining A Foundation

Establishing A Single Source Of Truth

To address these challenges, Squirro identified accounting key requirements that a new solution needed and emphasized seamless
integration with Salesforce, their existing CRM system. This integration was crucial for accurately capturing sales data and generating
client invoices once deals were closed.

Tracket Real-Time Costs

After evaluating four vendors, Squirro selected Certinia’s Accounting and Analytics and Billing Central solution, which Cloudteam Company implemented. In addition, Squirro decided also to implement Cloudteam
Company’s Payable Invoice Scan App and Bank Standards App to enhance Certinia’s Accounting Solution further.

The Key Benefits

Seamless Integration with Salesforce

Automated Finiancial Processes

Real-Time Financial Insights

Leveraging Data-Based Decisions

Squire Data Driven Decisions

Squirro is now able to generate detailed reports to evaluate each project’s profitability. With Accounting and Analytics, teams can manage and view critical information clearly and report globally in real-time.

Squirro now steers the organization based on actual data and continuously improves management information and processes. This comprehensive approach has significantly improved their project management and financial oversight, reinforcing their satisfaction with choosing Cloudteam Company and Certinia as a comprehensive solution provider.

Building on the successful ERP implementation, Squirro decided to invest further in Certinia’s solutions and implement its Professional Services Automation (PSA) module. This addition will allow Squirro to track hours worked by delivery teams in each country, manage projects, handle resources, and integrate this information into client invoices, all
on the Salesforce platform.

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