Zesty chose Firmbase in order to move to rapid, no-code financial forecasting
Zesty is a tech company focused on optimizing cloud infrastructure costs for businesses. Founded in 2020, Zesty developed innovative solutions like Zesty Disk, an autoscaler for cloud storage, aimed at reducing cloud expenses. The company quickly became a go-to resource for businesses looking to optimize their cloud operations and achieve significant cost savings.
As a rapidly growing tech company, Zesty’s finance team recognized the importance of meticulous budget and workforce planning to support their expansion and strategic goals.
Historically, their FP&A processes were manual, relying heavily on spreadsheets. While this approach offered a certain level of flexibility, it also introduced challenges in terms of scalability, accuracy, and speed.
The challenges
Given Zesty’s continued growth, the limitations of manual FP&A processes became increasingly apparent. In particular, the finance team faced several significant hurdles.
First, the manual processes were time-consuming, as updating and maintaining complex financial models in spreadsheets required considerable labor and were prone to errors.
Additionally, the lack of forecasting agility made it challenging to quickly adapt to changing market conditions or new business developments.
Furthermore, the reliance on disparate data sources, combined with manual inputs, created inefficiencies in both financial modeling and analysis conducted by the team.
The solution
To address these challenges, Zesty’s finance team sought a solution that could be implemented quickly and efficiently. They chose Firmbase’s FP&A platform because it offered a rapid go-live process without the need for any third-party implementation consultants.
Firmbase provided Zesty with a robust, no-code modeling engine that significantly enhanced their financial forecasting capabilities. Remarkably, the platform was fully operational in less than a month from the start of implementation.
After adopting Firmbase, Zesty’s finance team experienced several key benefits: The transition to a modern FP&A platform allowed them to automate their processes, dramatically, reducing the time spent on routine tasks such as managing financial data workflows. This automation also freed the team to focus on high-impact strategic analysis.
Additionally, Firmbase’s data integration features enabled Zesty to pull real-time data from multiple sources, resulting in more accurate and dependable forecasts.
Moreover, Firmbase’s no-code modeling engine allowed Zesty’s finance team to swiftly adjust forecasts in response to market changes, ensuring the company remained agile and could accelerate its operations even further.
