Sastrify simplifies software procurement and management for companies. The Cologne-based B2B startup has built a platform that integrates with clients' accounting systems, identifying ways to optimize software expenses. By using Sastrify, businesses can cut costs, reduce risks, and manage software licenses more efficiently.
Clear view on cash flow in one platform
How can a company optimize its internal processes? This is a challenge many organizations face, including Sastrify. Founded in 2020, the company initially managed its cash flow using Excel.
However, spreadsheets have limitations, especially as a business grows, prompting the need for more efficient solutions within their finance team.
"Excel isn't just time-consuming – it’s also error-prone due to manual work and frequent data transfers. We constantly had to double-check everything to ensure accuracy," says Moritz Diedrich, Finance Team Lead at Sastrify.
Lack of automation makes liquidity management challenging
"We needed a streamlined solution to get a clear overview of our cash flow, bank accounts, and balances," says Moritz. Sastrify considered several cash management tools, but most were either too costly or failed to fully solve their issue.
One single platform for visibility into cash flow, bank accounts, and transactions
During their research, Moritz and his team discovered re:cap Insights for cash management. Three functions stood out as particularly relevant:
- A comprehensive dashboard that highlights critical cash flow metrics at a glance.
- An automated cash flow statement that categorizes inflows and outflows into operational, financing, and investing activities.
- Automated analysis of burn rate and runway.
The dashboard offers a swift overview of key metrics
With the dashboard, Moritz gains instant access to a real-time overview of all his accounts. No more logging into each bank account separately – now he can track key cash flow metrics from one central hub.
He can view all accounts together or filter them by specific entities to get the precise information he needs.
"This dashboard answers a crucial question for me anytime: What’s our current cash position?" says Moritz.
Real-time cash flow statement without DATEV or bank logins
With the cash flow statement, Moritz can easily track operational cash flow, financing cash flow, and investment cash flow. "I get a comprehensive view of all bank transactions at a glance. Plus, automatic categorization helps me quickly identify which inflows and outflows belong to each category."
With Insights, Sastrify’s finance team stays effortlessly up to date on account balances and transactions. Monitor inflows and outflows in real-time – no manual effort is required.
Runway analysis: what is our burn rate?
As a growth company, managing cash burn is vital for Sastrify. re:cap Insights delivers a clear overview of their finances, showing the average cash balance, burn rate, and runway in months at a glance.
"re:cap is our control center for tracking cash burn throughout the month, making cash management straightforward and effective," explains Moritz.
"Insights offers essential transparency. It’s an intuitive tool that provides a comprehensive view of all our bank accounts and transactions," Moritz adds, highlighting how it benefits Sastrify and simplifies his daily tasks.
