The Challenge

Antavo, a leading loyalty platform service provider based in Hungary, encountered growing complexities as it scaled its operations. Márton Bódis, FP&A Manager, and his team faced critical challenges in their workflows as the company expanded.

As the organization grew, managing financial operations with Google Sheets became increasingly inefficient, resulting in time-consuming manual updates, frequent errors, and limited transparency. The FP&A team struggled to produce consistent reports, effectively manage scenario planning, and foster seamless collaboration across departments, all while striving to maintain data accuracy and operational efficiency.

The Solution

Antavo adopted Abacum two and a half years ago to overcome its financial management challenges. The platform’s versatility and intuitive design made it an ideal solution for their evolving needs.

Abacum introduced a centralized and robust FP&A platform, replacing fragmented workflows with automated processes. By integrating seamlessly with tools like QuickBooks and HubSpot, the team was able to streamline reporting, enhance scenario planning, and foster effective collaboration with department leaders. This flexibility allowed Antavo’s finance team to shift their focus from operational inefficiencies to strategic decision-making.

Abacum provides the financial transparency we need, both internally and externally. It enables us to deliver accurate financial data on time and effortlessly visualize the company’s performance and future projections.

Márton Bódis, FP&A Manager at Antavo

The Impact

The implementation of Abacum had a transformative effect on Antavo’s financial workflows:

1. Scenario Planning with Confidence

Abacum’s scenario planning capabilities enabled Antavo to handle multiple versions and foresee business outcomes effectively.

“We can save historical versions, compare assumptions, and track data over time. This helps us simulate outcomes and make better decisions without the risk of confusion or errors,” said Márton.

2. Seamless Planning

For the first time, Antavo was able to integrate bottom-up budgeting for short-term planning with top-down long-term projections, creating a comprehensive five-year plan (2025-2029) within a single system.

Márton highlighted, “We visualized revenue and cost projections for the entire period, combining two planning methodologies seamlessly.”

3. Strategic Focus

The finance team now uses Abacum to align departmental budgets with Antavo’s strategic goals. By automating updates and eliminating repetitive tasks, they gained valuable time for deeper strategic analysis.

Márton estimated, “We save significant time—up to weeks during budgeting—because we no longer need to build complex spreadsheets from scratch.”

4. Effortless Reporting to Board and Company Leaders

With Abacum, monthly management and board reports are now semi-automated, ensuring data accuracy and improving accessibility. Leaders can comment directly within the platform, fostering better communication.

Márton explained, “With a single source of truth and real-time updates, the reporting process is faster, more reliable, and less prone to errors.”

Conclusion

Antavo’s partnership with Abacum has redefined their financial operations, bringing clarity, efficiency, and scalability.

By automating processes, enabling advanced scenario planning, and fostering collaboration, Abacum has empowered Antavo’s finance team to focus on driving the company’s growth and long-term success.

As Márton summarized,

Abacum is an indispensable tool that provides us with the financial transparency needed to make confident, data-driven decisions.