There is no doubt that Xledger has streamlined our closing and financial reporting process. We close monthly on day 5, something which would not have been remotely achievable with Xero.
60 Decibels have significant growth targets and are in the process of closing our Series A fundraiser.
We aim to become the industry leader in impact measurement and comparability services. Growth targets are 30-40% annually over the next 5-year period.
We used Xero, and we had significant challenges with multi-company and multi-currency accounting, and the consolidation process was extremely time-consuming and full of risk of human error.
Additionally, if we needed to make any changes after soft-close, we were forced to perform the same time-consuming consolidation process again.
We looked at the market for mid-range ERP software and found that there is a massive gap. There is very little between accounting systems for small businesses (Xero, Quickbooks) and too-large accounting systems with price points our business cannot justify.
The original recommendation was from two former colleagues in Norway who have both successfully implemented Xledger and spoke warmly of the solution.
There is no doubt that Xledger has streamlined our closing and financial reporting process. We close monthly on day 5, something which would not have been remotely achievable with Xero.
With Xero, we typically closed between the 15th and 20th, and it was a challenge and full of risk.
The ability to access global financial data in a single system, whether it would be for financial analysis or consolidated financial reporting—the multi-company and multi-currency features have been very valuable.
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