"LiveFlow has upgraded our Financial Reporting processes from 10 to 3 days" - Case Study: OpenZeppelin

August 18, 2022

"LiveFlow has upgraded our Financial Reporting processes from 10 to 3 days" - Case Study: OpenZeppelin

Welcome OpenZeppelin!

We sat down with Jaime Barriga Amin, VP of Finance at OpenZeppelin, to learn more about how he and the team use LiveFlow.

Quick insights about OpenZeppelin

Tell us a little bit about OpenZeppelin and how your Finance team is organized?

OpenZeppelin is the premier crypto cybersecurity technology and services company, trusted by the most used DeFi and NFT projects. Founded in 2015 with the mission to protect the open economy, OpenZeppelin safeguards tens of billions of dollars in funds for leading crypto organisations including Coinbase, Ethereum Foundation, Compound, Aave, TheGraph, and many others.

Currently, the Finance Team is made up of three people. A Vice President who oversees the department, an FP&A Lead and a Finance Operations Analyst. We’re currently in the process of adding a Senior Manager Controller to transition all accounting in-house. 

Which tools do you use to be productive at work?

We use a multitude of software to run our organisation. I’ll highlight the ones more relevant to Finance.

  • Notion is our go-to workspace 
  • AirTable for data repository
  • Quickbooks for Fiat accounting / Cryptio for digital asset accounting
  • LiveFlow for reporting automation
  • Request to process crypto payments 
  • Hubspot as our CRM
  • Float for time management purposes 
  • Slack and Zoom to communicate  

What was the problem you were looking to solve when discovering LiveFlow?

Our main priorities were to reduce the time it takes to generate consolidated financials and to generate automatic reports that the management team can use to generate insights. LiveFlow has been very successful in solving both. 

Why did you choose LiveFlow?

LiveFlow came up as a solid solution to connect directly with Quickbooks and draw insights live. The templates are flexible enough to generate custom reports that meet the company’s requirements. Additionally, customer support was impressive from day 1, with the LiveFlow team supporting onboarding and set up very proactively. 

Automated Multi-Currency Consolidated P&L Template by LiveFlow:

Which value does LiveFlow bring to you personally, and your team?

LiveFlow has upgraded our Financial Reporting processes considerably, from 10 to 3 days. Having a live view of performance across entities not only simplifies reporting processes but provides ongoing strategic insights to management. I very much recommend it.

Anything else to add, please add whatever you think is valuable! 

The flexibility that the team has provided so far, incorporating feedback from us as customers is a very valuable quality. We see how they are prioritising customer feedback to make decisions on upcoming features, which makes us customers feel we are heard and included in the build process.

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