finance_ops · finance · workflow
Found became audit-ready and cut monthly close to 5 days with Rillet
Found's accounting function was severely backlogged — July books were closing in mid-September, cash reconciliation took 5-6 days across tens of thousands of transactions in Google Sheets, and there was no transaction-level audit trail. A first external audit was approaching and QuickBooks could not produce the evidence needed, while the 12-14 day close left no capacity for anything else.
How it works
Common implementation structure
How this type of workflow is generally built, generalized across documented cases — not tied to any one vendor's stack. Click any stage to read what happens there. Specific products that implement these stages appear in “Tools commonly seen” below.
Stage 1 · Fee transactions post monthly
Tens of thousands of fee transactions post to Found's corporate accounts every month.
Tools used
RilletAura FlowQuickBooks OnlineGoogle SheetsBigQuery · partner
Outcome
Cash reconciliation dropped from 5-6 days to 1 day, the close moved toward day 5 from 12-14 days, and partner payout reports now go out on day 3 instead of day 10. Found achieved a full transaction-level audit trail with SOC 1 and SOC 2 compliance, and accounting was repositioned as a strategic thought partner to product and engineering.
Results
Time saveddown from 5-6 days to 1 day (6x faster)
Cost replacedSOC 1 & SOC 2 compliant from day one
Grounding & classification
Source type: vendor customer story
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