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How Amper Uses Mosaic for Better Board Management & Crossfunctional Empowerment
Technology Category
- Analytics & Modeling - Predictive Analytics
- Application Infrastructure & Middleware - Data Visualization
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions
- Business Operation
Services
- Software Design & Engineering Services
- System Integration
The Challenge
In 2021, Operations and Finance Lead Joel Blachman faced significant challenges in managing accounting, FP&A, and business operations workflows. During the Series A fundraising process, Joel spent countless hours perfecting a comprehensive SaaS metrics dashboard in Excel, which required continuous updates. This manual process was time-consuming and prone to inaccuracies, making it difficult to provide timely information to the CEO and prospective investors. Additionally, the financial planning process was impacted due to the IoT component with inventory costs, necessitating accurate balance sheet planning.
About The Customer
Amper Technologies is a company that helps manufacturers digitize their factory operations. It offers a production management system designed for easy adoption, providing manufacturers with the tools and roadmap needed to connect their people, processes, and assets in one place. The company focuses on improving operational efficiency and financial planning, particularly for businesses with IoT components and inventory costs. Amper's solutions aim to streamline workflows, enhance visibility into financial metrics, and support strategic decision-making.
The Solution
Joel and his team implemented Mosaic to address their financial planning and reporting challenges. Mosaic provided real-time data visualization and comprehensive SaaS metrics out of the box, enabling the team to see revenue, expenses, and balance sheet items in one place. This improved their ability to strategically deploy newly raised capital and maintain alignment on budgets. Mosaic also enhanced their financial forecasting and modeling processes, allowing the leadership team to control spending and achieve growth goals. The platform's capabilities in planning and reporting on key balance sheet items like inventory and cash burn were particularly valuable in fundraising efforts and investor relations.
Operational Impact
Quantitative Benefit
