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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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Lees waarom klanten Finstack kiezen
"Finstack is niet zomaar een rapportagetool. Het is essentieel voor mij als CFO. Het kan omgaan met onze organisatiestructuur waarbij vestigingen als kostenplaatsen zijn ingericht.”
“Als dienstverlener voor technologie-bedrijven zijn we altijd op zoek naar innovatieve tools voor onze klanten.
Finstack stroomlijnt het rapportage-proces, waardoor onze klanten handmatig werk kunnen schrappen en zich kunnen richten op het toevoegen van waarde aan de business.”
“Een sterke combinatie van rapportages en interactieve visuals die onze maandafsluiting aanzienlijk versnelt.”
“What I value most is Finstack’s flexibility. I can design my own reporting - without the hassle of implementation consultants.”
“Als dienstverlener voor technologie-bedrijven zijn we altijd op zoek naar innovatieve tools voor onze klanten.
Finstack stroomlijnt het rapportage-proces, waardoor onze klanten handmatig werk kunnen schrappen en zich kunnen richten op het toevoegen van waarde aan de business.”
“Een sterke combinatie van rapportages en interactieve visuals die onze maandafsluiting aanzienlijk versnelt.”
Je antwoord niet gevonden? Laat het ons weten
Geconsolideerde rapportages en prognoses.
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