How Ontic connects FP&A and procurement
Problem
Ontic’s small finance team was being tasked with a lot of responsibilities: maintaining the company’s budget, making sure approvals were made and tracked in alignment with budget, and reporting financial performance for the company.
Solution
Sudozi provided a single platform to log approvals, automate vendor renewals, and manage P&L reporting.
Outcome
Sudozi has enabled the team to run a robust process to capture spend intent before vendor contracts are signed, helping the team grow efficiently and aligned with strategy. After onboarding Sudozi, Ontic was also able to save money by using Sudozi for FP&A and multiple spend reporting needs.
Who
Ontic
HQ
Austin, TX
Employees
200
Sudozi Features
Procurement, Vendor Management, Financial Insights
Product
Software to elevate physical security programs
Who
Ontic
HQ
Austin, TX
Sudozi Features
Procurement, Vendor Management, Financial Insights
Product
Software to elevate physical security programs
How Sudozi Helps Ontic:
Enabling durable growth
Sudozi’s self-serve functionality enables durable growth in two ways. First, the Ontic team can directly manage spend with their custom approval workflows that are a fit to the company’s needs. Second, Sudozi powers more than just approvals. Sudozi helps the Ontic team automate vendor renewal reminders, P&L insights, department budget visibility, and much more.
Providing employees with an easy-to-use procurement tool
As a fast-moving startup, Ontic’s employees expect modern UI and easy-to-use experiences in the app that don’t take months of training. Sudozi does just that with features that are self explanatory and intuitive for the average employee and manager to easily grasp.
Scaling finance team members
Sudozi’s self-serve analytics gives different team leaders the visibility to their vendor information and OpEx spend. Normally these individual reports would take hours each month to compile and share. With Sudozi, the Ontic team can focus their time deriving insights from the data rather than compiling the data.
Problem
Solution
Outcome
After onboarding Sudozi
Sudozi’s Procurement solution has helped Ontic run an efficient approval process without being overbearing on employees. Close to 100% of new spend requests come through Sudozi.
Sudozi has been able to surface financial insights faster than manual alternatives, allowing the Ontic team to focus on the highest priorities.
Ontic’s finance team can stay lean as they grow the business by multiples
