Case Study: Stackline cuts revenue close from two weeks to two days with Maxio and NetSuite
Key results
The challenge
Stackline's finance team faced a lengthy revenue close and significant manual effort to produce ARR reporting as the business grew. Spreadsheet-based processes consumed substantial time and risked requiring additional finance headcount.
The solution
Stackline implemented Maxio alongside NetSuite to automate revenue recognition, billing, and ARR reporting.
“We close revenue in two days in large part because of Maxio. Maxio has allowed us to keep generalists as opposed to specialists, which I like because we can flex our team to solve the greatest business need.”
DVDerek VertreesDirector of Accounting, Stackline
The results, in context
After implementing Maxio, Stackline closes revenue in two days, down from two weeks, and completes its full financial package within seven days. The finance team maintained flat headcount despite company growth, and one manager noted manual ARR reporting would otherwise consume about 90% of their time.