Building a scalable financial base with torq.partners & Moss
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Set-up of FinOps systems, support with accounting and controlling, sparring with Head of Finance.
Use cases
Automation and optimization of financial processes: AP, approvals and payment and receivables reconciliation
(Preparatory) bookkeeping and setting up the month-end closing
New cost center and cost unit structure for monitoring at studio level
YEC support: OPOS and account sanity checks
"With torq.partners and Moss, we have professionalized our finance function from day one. Automated processes and scalable structures give us the control and freedom to focus on growth."
Philipp Desgranges
Co-Founder
Challenges
Newly founded company without established financial processes.
No dedicated finance lead in the company.
Lack of resources due to the focus on operational processes and scaling.
Lack of financial control and many missing invoices.
Solution
Implementation of a scalable cost center and cost unit structure.
Set up Pathway Solutions for Stripe transactions with automatic KOST1/KOST2 mapping.
Implementation of Moss for the automation of accounts payable: automatic pre-booking via supplier rules, conversion from conventional credit cards to Moss cards (automation with subscription cards, studio cards and department cards).
Integration of getmyinvoices to collect all receipts that are not received by email (Meta, Google, Amazon, etc.) and create a single reliable source.
Simple approval processes for employees.
Impact
Management of over 500 transactions with a volume of >150,000 in 10 studios with a weekly time expenditure of approx. 5 hours.
Completion of the month-end closing in less than 5 hours; exports available by the 15th of the following month.
Reporting on the basis of actual figures, including contribution margin at studio level.
