Eliminating manual processes while gaining 5X more metrics in their revenue models
Turo is the world’s largest car sharing marketplace where you can book any car you want, wherever you want it, from a vibrant community of trusted hosts.
CJ Gustafson recently had Chuck Fisher, Turo's CFO, on his Run The Numbers podcast. Check out what we had to say about his experience with Aleph.
Challenge:
- Turo’s legacy systems required dozens of exports and hours every reporting cycle to track their revenue, forecast, and budget models
- Due to their international entities, Turo’s finance team had specific manual processes around consolidation and FX conversions
- They needed to centralize and standardize their data to streamline their S1 filing processes
Solution:
- Turo originally implemented Aleph for one very specific use case; revenue modeling
- They had immediate success and began integrating Aleph into other reporting needs and processes
- They’ve since incorporated Aleph into their actuals, forecasts, and budgets—and the use case keep growing
"Aleph has been a game changer for us. It's extremely flexible to build and adjust your forecast. You can do it in Excel. You can do it in Google Sheets. We have gone from tracking 10 to 15 drivers of our forecast model to now something like 50. The growth in the tools that we can monitor really helps us identify what's driving changes and outcomes in our models."
Results:
- Turo’s finance team has a central source of truth for all of their financial data
- Their management dashboards match their public filings to the decimal with minimal manual work
- They are now able to track 5X more metrics in their revenue models—going from 10 to 15 to over 50 financial KPIs
- Their FX imports have gone from hours to two minutes
"Aleph created the output of at least one analyst without hiring anyone, and by the end of this year, it will be two."
Turo's FP&A team has replaced a monstrous 30MB excel file with forecasts, reporting charts, month end tables, and more with clean standalone excel files for each use-case while maintaining synchronized data.
Aleph has added speed and accuracy across all of their team's major activities.
Discover Aleph today
