The Challenge

When Chris Jelinski joined Soundtrack Technologies, financial reporting was heavily reliant on spreadsheets. The business control team spent significant time manually exporting data from NetSuite, reconciling it with budgets, and updating multiple spreadsheets. This process was time-consuming and prone to errors.

The team also struggled with investor reporting, constantly updating Google Slides and sending versions back and forth. Keeping track of the latest numbers and ensuring everyone was aligned became increasingly difficult.

The Solution

After evaluating multiple FP&A tools, Soundtrack Technologies selected Abacum for its ease of use, automation, and flexibility. During the evaluation process, they shortlisted three vendors, but found that one wasn't the right fit for their company size, while another solution felt too similar to traditional spreadsheet tools, lacking the intuitive interface they were seeking. Wanting a platform that combined the analytical power of a BI tool with advanced FP&A capabilities, they found Abacum to be the ideal fit.

With Abacum, Soundtrack Technologies successfully:

• Automated financial reporting – Now, financial reports sync directly with NetSuite, eliminating the need for manual exports.

• Streamlined investor updates – Board members now access real-time dashboards instead of static spreadsheets.

• Reduced human error – Automated mapping and alerts ensure that all accounts are correctly categorized.

The Impact

• One of the most significant benefits has been the time savings in financial closings. Previously, the business control team spent an entire day updating spreadsheets to complete the closing process. With Abacum, this process has been reduced to a single click, eliminating manual work and streamlining the workflow.

• Investor reporting has also become much more efficient. A dynamic space was created for the board, where all key performance indicators update automatically. This has removed the need for version control issues and back-and-forth emails, ensuring that stakeholders always have access to the latest financial data.

• Transparency and collaboration across teams have greatly improved. Instead of searching through multiple sources, management can now access all critical financial metrics—including cash flow, P&L, and SaaS performance data—in one centralized platform. This has led to better decision-making and alignment across departments.

I know that our shareholders are extremely happy with just being able to view a dashboard and see all the metrics in our company every single month and every single quarter. And we've gotten a lot of good feedback on that.

Chris Jelinski, Director of Business Operations at Soundtrack

Looking ahead, Soundtrack Technologies sees even greater potential in Abacum. Currently, they are only beginning to explore its full capabilities. With plans to integrate forecasting and budgeting, they expect Abacum to become an even more powerful tool in their FP&A operations, driving efficiency and strategic insights across the organization.

Conclusion

For Soundtrack Technologies, Abacum has transformed financial reporting, making it faster, more accurate, and easier to manage. The ability to automate workflows and consolidate reporting into a single, reliable source has saved countless hours and improved decision-making.

Looking ahead, the team plans to expand their use of Abacum to include forecasting and budgeting, further strengthening their financial operations.