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OpenUp
While providing mental health for all.
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OpenUp is a leading European mental wellbeing platform, providing accessible coaching and wellbeing via online services platform. Active mainly in the Netherlands, Germany & UK the company helps organizations build happier and healthier teams.
NL, DE, UK
2020
Health-tech
Mental well-being
250 employees
Reporting
Working Capital
Advanced Consolidation
Advanced Cost Centers
Manual consolidation in Excel.
Limited visibility per cost center.
Manual intercompany reconciliations.
Finance team overloaded by questions from management.
Reporting took multiple days.
Fully automated consolidation.
Detailed insights of cost centers across entities.
Automatic intercompany reconciliations.
Direct and controlled access to numbers by management.
Ready in 45 minutes.
OpenUp is a fast-growing B2B platform for mental well-being, providing employees with direct access to 1-to-1 coaching, Group sessions, Self-guided care and other wellbeing resources. With operations in the Netherlands, Germany, and the UK, OpenUp supports hundreds of companies in strengthening resilience and productivity.
Behind the scenes, this growth led to increasing financial complexity: multiple entities, extensive cost centers, and demanding reporting requirements.
Tamaryn Dos Santos joined OpenUp in its very early growth stage, where reporting was still running on spreadsheets. With multiple entities and a complex cost center structure, the spreadsheets quickly became error-prone and hard to maintain.
As the company scaled internationally, consolidating entities across different countries only added to the challenge. The finance team spent days preparing the management report, and answering straightforward questions by management required hours of analysis.
OpenUp implemented Finstack in just one day, fully automating its reporting and consolidation processes. The platform also allowed the finance team to map cost centers independently of general ledger accounts, finally giving clear visibility into departmental expenses.
Management can now access live dashboards within Finstack directly, reducing the burden on finance. Whether it’s multi-entity performance, cash flow, or cost center analysis, all reporting is updated instantly from one central platform.
Finstack cut OpenUp’s reporting cycle from multiple days to just 45 minutes per month. Reports are now accurate, automated, and fully aligned with how management wants to view performance.
With flexible cost center mapping, payroll costs are broken down by department and directly visible in the P&L. Multi-entity operations across the Netherlands, Germany, and the UK are consolidated in one place, giving management and investors confidence in the numbers.
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Read why users love Finstack
“Finstack is not just a reporting tool - it’s my lifeline as a CFO. It can manage our setup where branches are organized as cost-centers."
“As a service provider for tech companies, we are always searching for innovative tooling for our customers.
Finstack streamlines the reporting process, helping our customers eliminate manual work and focus on adding value to the business instead.”
"A great combination of reporting and interactive visuals that significantly speeds up our month-end process."
“What I value most is Finstack’s flexibility. I can design my own reporting - without the hassle of implementation consultants.”
“As a service provider for tech companies, we are always searching for innovative tooling for our customers.
Finstack streamlines the reporting process, helping our customers eliminate manual work and focus on adding value to the business instead.”
"A great combination of reporting and interactive visuals that significantly speeds up our month-end process."
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Consolidated reporting and forecasting.
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