---
title: Leo Raudaschl of Wellnecity wins the December Jirav Finance Hero award
description: See how our December Finance Hero is using Jirav, from speeding up the monthly close process to securing funding using the advanced business insights.
image: https://www.jirav.com/hubfs/blog/Finance-hero-award.png
---

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 BLOG

# Leo Raudaschl of Wellnecity wins the December Jirav Finance Hero award

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In case you missed it, we [recently launched](https://www.jirav.com/blog/introducing-the-jirav-finance-hero-awards) the Jirav Finance Hero awards! These awards are an opportunity to recognize and celebrate customers and partners who are using Jirav to take their businesses to the next level while driving forward with speed and confidence.   

We created the Finance Hero award program to recognize the leaders who are finding success and steering their businesses forward despite the challenges of today’s unpredictable business landscape. 

Organizations are using Jirav to transform the way they plan, budget, forecast, and more, and the individuals we nominate for the Finance Hero award are going above and beyond to succeed with the product. Their use cases inspire us, and we want to share their success stories so that others may discover new ways to use Jirav in their own organizations. 

## Jirav Finance Heroes go above and beyond the status quo

We’re excited to share that our next Jirav Finance Hero recipient is Leo Raudaschl, Head of Product at Wellnecity! 

Nominated by Josh McCoy, senior onboarding customer success manager here at Jirav, Leo and the Wellnecity team were early adopters of Jirav, and continue to find new and innovative ways to use the product. “Leo is always looking for additional ways to improve the business processes and level-up the insights coming from Jirav,” said Josh.

### How Leo is winning with Jirav

Leo is leveraging Jirav for month-end reporting to internal leadership and the board. In fact, Wellnecity has been able to significantly speed up its monthly close process while delivering reports faster than ever. Additionally, the ability to plan for multiple scenarios and forecast cash runway has been critical for Leo and team.

This scenario planning and forecasting inevitably came in handy as Wellnecity navigated the fundraising process last year. Leo and team were able to use the insights within Jirav to establish clear visibility into where the business is headed in order to secure funding.

### About Wellnecity

[Wellnecity](https://wellnecity.com/) is a healthcare technology solutions innovator that's reinventing the way employers and employees interact with healthcare. Much like Jirav, Wellnecity is helping its customers turn a wall of numbers and endless data into timely insights that can actually benefit an organization’s bottom line. As a business that understands the importance of finding real-time and actionable insights within its own data to drive growth, Jirav is proud to work with Wellnecity to help them achieve their mission.

## Nominate your Finance Hero

Know a Finance Hero who is using Jirav in innovative ways to drive organizational success? We’d love to hear from you! Our goal in this award program is to understand all the ways finance and accounting leaders are using Jirav, and to recognize and celebrate them so that others may learn from their successes. Reach out to [financehero@jirav.com](mailto:financehero@jirav.com) to share your hero’s story and to nominate them for the award.

 

![Kelli Blystone](https://www.jirav.com/hubfs/blog/kelli-blystone-profile-pic.png)

##### Kelli Blystone

 Kelli is the Senior Content Strategist for Jirav.

 Published

 December 20, 2022

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  "articleBody" : "The top 5 tools for CFOs today</H2>\n<P>Today you can find dozens of financial tools across every vertical of the financial world. Some are a great fit for smaller businesses, others are designed for companies with hundreds of employees. There are also industry-specific ones, and even some accounting suites that cover 99% of all needs for 99% of businesses.</P>\n<P>This list is an overview of good all-rounder software or the ones that you can start with and later integrate for additional solutions for your specific use case.  </P>\n<H3>1. Netsuite</H3>\n<P><STRONG>Tool type: </STRONG>ERP</P>\n<P><A href=\"https://www.jirav.com/blog/how-to-get-more-from-netsuite-reporting\"><SPAN>Netsuite</SPAN></A> fits into the Enterprise Resource Planning tools category. These are solutions that organizations, typically very large ones, use to keep track of their accounting, business operations, inventory, procurement, compliance, and much more. ERPs are essentially a hub for everything that goes on in an organization and can provide instant snapshots of what’s going across every area of the business. </P>\n<P>Oracle’s Netsuite is one of the most popular ERPs in the market since it provides one of the most robust implementations and has the support of Oracle, which makes its integration a lot more streamlined than if another solution was used. </P>\n<P><STRONG>Netsuite’s features and capabilities include:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Easy to scale the solution for growing businesses</LI>\n<LI aria-level=\"1\">Cloud based so it can reduce the overhead compared to physical servers</LI>\n<LI aria-level=\"1\">Real time financial dashboards and analytics</LI>\n</UL>\n<P><STRONG>Pros of CFOs using Netsuite:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Allows CFOs to plan and execute strategies at a global level</LI>\n<LI aria-level=\"1\">Gives the ability to build accurate financial models for complex organizations</LI>\n<LI aria-level=\"1\">Allos CFOs to delegate non-critical financial activities with increased confidence</LI>\n</UL>\n<P><STRONG>Alternatives to Netsuite:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">SAP ERP</LI>\n<LI aria-level=\"1\">Sage Intacct</LI>\n<LI aria-level=\"1\">Microsoft Dynamics NAV</LI>\n</UL>\n<H3>2. Stripe</H3>\n<P><STRONG>Tool type: </STRONG>Payment processing</P>\n<P>Payment processing software has become an essential part of businesses everywhere. Ever since online shopping has become mainstream, having access to reliable and secure payment processing has been a driver for an ever increasing number of payment processing Fintech solutions to hit the market. </P>\n<P><A href=\"https://stripe.com/blog/engineering\" rel=\"noopener\" target=\"_blank\"><SPAN>Stripe</SPAN></A> is one of the biggest players in the payment processing space. It started out focusing on payment processing but has now expanded its capabilities to include financial services and risk mitigation features to round out the payment suite. Another important aspect of Stripe is its ability to integrate with your ERP of choice or accounting suite so that you can make sure you get full functionality without the need to have siloed software.</P>\n<P><STRONG>Stripe’s features and capabilities include:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">A dedicated API to make integration fast and easy, even without the need of a technical team</LI>\n<LI aria-level=\"1\">Solutions for businesses of every size </LI>\n<LI aria-level=\"1\">The ability to add in-person payment processing, subscriptions, and invoicing</LI>\n</UL>\n<P><STRONG>Pros of CFOs using Stripe:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">It has powerful transaction analysis which allows you to automatically monitor fraudulent transactions without impacting legitimate users </LI>\n<LI aria-level=\"1\">It has customizable business data reporting so you can update your books automatically, get instant cash flow updates, and stay on <A href=\"https://www.sisense.com/glossary/kpi-tracking/\" rel=\"noopener\" target=\"_blank\"><SPAN>track of key KPIs</SPAN></A> such as monthly recurring revenue </LI>\n<LI aria-level=\"1\">Allows you to get intelligence from your users, such as average revenue per user, active subscribers, and what amount of payments comes from each card issuer</LI>\n</UL>\n<H3>3. Procurify</H3>\n<P><STRONG>Tool type: </STRONG>Purchasing software</P>\n<P>CFOs have always had the unique challenge of being able to balance both a tight control over their teams’ spending while also ensuring their teams have what they need to operate efficiently. In other words, CFOs and financial teams have to find a compromise to make sure that they don’t become the bottleneck in the operation. </P>\n<P>To make this critical role of CFOs and financial teams more efficient, implementing software has become the best way to make sure operations have access to the funds they need to keep the business running. As a bonus, financial teams can have the reassurance that budgets are being maintained. </P>\n<P><A href=\"https://blog.procurify.com/2020/10/27/cfo-responsibilities-report/\" rel=\"noopener\" target=\"_blank\"><SPAN>Procurify</SPAN></A> is a tool that focuses on giving financial teams control over the spend without slowing down operations. It does this with a dedicated communication platform that gives its users the ability to classify into different buckets the amounts that need to be spent. It then makes sure that you don’t have to rely on sifting through your email inbox to reference spend requests and authorizations. </P>\n<P><STRONG>Procurify features and capabilities include:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Real-time budget tracking</LI>\n<LI aria-level=\"1\">Customizable approval flows for spending and payment authorization</LI>\n<LI aria-level=\"1\">Complete integration with accounting software and ERPs</LI>\n</UL>\n<P><STRONG>Pros of CFOs using Procurify:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Centralized approval and authorization</LI>\n<LI aria-level=\"1\">Instant access to budget tracking</LI>\n<LI aria-level=\"1\">Gives you a detailed view into your purchasing pipeline</LI>\n</UL>\n<H3>4. Gusto</H3>\n<P><STRONG>Tool type:</STRONG> Payroll</P>\n<P>Without a doubt, payroll is one of the most critical tasks that financial teams need to make sure go with any hiccups. Any problem in this space can add complications to your operation and human resources. Payroll software has become the default way for organizations to manage their payroll since they make the process quicker and less prone to human error. </P>\n<P><A href=\"https://www.jirav.com/blog/mike-dinsdale-joins-board\"><SPAN>Gusto</SPAN></A> is the preferred choice of businesses due to its pricing, ease of use, and ability to scale for organizations that are growing quickly. As is expected of every Fintech product, Gusto allows complete integration into your existing Fintech stack.</P>\n<P><STRONG>Gusto’s features and capabilities include:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Solutions for every size business. Plans start at $25 per month and they also offer corporate level solutions</LI>\n<LI aria-level=\"1\">Easy way to manage payroll, taxes, vacations, and employee benefits</LI>\n<LI aria-level=\"1\">User-friendly interface</LI>\n</UL>\n<P><STRONG>Pros of CFOs using Gusto:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">It reduces the total amount of time dedicated to processing payroll</LI>\n<LI aria-level=\"1\">It integrates with your other financial apps so that you can get updated HR data</LI>\n<LI aria-level=\"1\">Automatic calculations so that you can decrease the occurrence of human errors</LI>\n</UL>\n<H3>5. Jirav</H3>\n<P><STRONG>Tool type: </STRONG>Analytics, forecasting, and <A href=\"https://www.jirav.com/blog/5-steps-better-financial-modeling\"><SPAN>financial modeling</SPAN></A></P>\n<P>As mentioned at the beginning of this article, the role of the CFO has changed. It&#39;s no longer focused solely on compliance and bookkeeping. Today’s CFO needs to be able to collaborate with the CEO and operations on the direction the business needs to take to achieve its goals. The key to achieving these goals is the ability to make financial data-driven decisions.</P>\n<P>Jirav empowers CFOs to make the data-driven decisions by giving them a central hub for the organization’s financial analytics, forecasting, and financial modeling. The whole concept behind Jirav is to enable CFOs and financial teams to focus on the strategic side of their role while spending the least amount of time consolidating reports and spreadsheets to create reports. One way Jirav does this is through its advanced user management features, which allow the CFO to create customized reports without having to invest days preparing them. </P>\n<P>Another of its unique features is its Allocations functionality. Allocation allows you to easily categorize income and spend between departments to reflect their true categorization. </P>\n<P><STRONG>Jirav’s features and capabilities include:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Building driver-based financial models</LI>\n<LI aria-level=\"1\">Providing forecast runway with integrated cash forecasting</LI>\n<LI aria-level=\"1\">Projecting sales and revenue based on various aspects</LI>\n<LI aria-level=\"1\">Budgeting by department</LI>\n<LI aria-level=\"1\">Allocating overhead expenses</LI>\n<LI aria-level=\"1\">Streamlining monthly reporting</LI>\n<LI aria-level=\"1\">Forecasting your workforce</LI>\n<LI aria-level=\"1\">Comparing <A href=\"https://www.khanacademy.org/test-prep/lsat/lsat-lessons/analytical-reasoning/a/analytical-reasoning--overview-article--multiple-scenarios\"><SPAN>multiple scenarios</SPAN></A></LI>\n<LI aria-level=\"1\">Changing assumptions on the go</LI>\n</UL>\n<P><STRONG>Pros of CFOs using Jirav:</STRONG></P>\n<UL>\n<LI aria-level=\"1\">Instant access to all your financial data</LI>\n<LI aria-level=\"1\">Ability to create more accurate forecasts and financial models</LI>\n<LI aria-level=\"1\">Makes scenario planning much more efficient and easy to share the data with key stakeholders</LI>\n</UL>\n<H2>Ready to build a Fintech stack?</H2>\n<P>Today’s Fintech gives CFOs and financial teams tools that make their jobs easier and more effective. This, in turn, lets you focus more of your time on guiding your team instead of wasting hours staring at spreadsheets. <A href=\"https://www.jirav.com/product-tour\"><SPAN>Take a tour of the Jirav platform</SPAN></A> to learn more about how it works together with your other Fintech solutions to give you a better understanding of your organization’s finances.",
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