Sommalife
While supporting sustainable food production.
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Sommalife produces and distributes innovative, sustainable food products. With a mission to create global impact, the company is rapidly scaling and now operates multiple entities across European and African countries.
Netherlands, Ghana
2020
Foodtech
Sustainability
6 entities
20 employees
Reporting
Advanced Consolidation
Working Capital
Sommalife is a fast-growing scale-up focused on sustainable food production. Operating through multiple entities and business units, the company is building a future where healthy, sustainable food is accessible worldwide.
With this growth came financial complexity. For CFO Tom Savalle, it was essential to gain control over consolidation, cash flow, and performance - without relying on error-prone spreadsheets or costly implementation projects.
Sommalife worked with a fragmented financial structure. Each month it took days to consolidate figures in Excel, with high risk of errors and little room for deeper analysis.
For a scale-up backed by investors, this was not sustainable: management and stakeholders expected timely, reliable insights - not outdated reports delivered after the fact.
With Finstack, Tom built a fully automated consolidation model in just a few hours, including eliminations and mappings. All entities are connected, reporting structures can be flexibly defined, and cash flow is available in real time.
The finance team now has the freedom to run scenarios, share reports instantly with investors, and support decision-making with reliable, up-to-date data.
Thanks to Finstack, Sommalife now has real-time access to consolidated P&L, balance sheet, and cash flow. What previously took days is now done in just a few hours.
The team saves time, avoids errors, and focuses on strategic analysis. Investors and management benefit from reliable, timely reporting and increased 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."
Haven't found your answer? Let us know
You can be up and running within 1 day. Connect your ERP, map your chart of accounts, and begin with automated consolidation, eliminations, and reporting. No heavy setup required.
Yes. Finstack handles consolidations across multiple entities, including intercompany eliminations, minority/non-controlling interest, and sub-group reporting. You can consolidate per group, region or business unit, with full visibility of eliminations and adjustments.
Finstack uses accounting-compliant FX rates. You can convert any currency to your reporting currency automatically, fix historical rates for consistency, or enter your own rates. All FX adjustments are preserved for past reports.
Absolutely. Finstack supports two-way spreadsheet integration. You can continue working in the spreadsheet environment you know, import or start from templates, and have them synced with your data, forecasts, and KPIs.
Very. Financial statements (P&L, Balance Sheet, Cash Flow) and KPI / performance dashboards are updated in real time with actuals. You can filter by entity, cost center, business unit, or custom dimension, compare versions, and track variances live.
You can make manual journal entries, one-off adjustments, revenue recognition before invoicing or cost capitalisation, or other custom adjustments without messing with your ERP. Finstack tracks everything and keeps reports audit-ready.
Security is a top priority. We use encryption (in transit and at rest), role-based access controls, secure hosting, and adhere to industry best practices to protect your data. Plus, version control ensures data integrity over time.
Finstack is flexible. You can add or remove entities, adjust ownership percentages, modify group or sub-group setups, and your consolidation & reporting structure will adjust accordingly. All changes are reflected across financial statements.
Yes, there is a free trial for 14 days (no credit card required) so you can explore all features. After that, we offer different plans depending on the number of entities & add-ons. Have a look at our pricing page our for details.
Geconsolideerde rapportages en prognoses.
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