Mark Yates, VP of Finance at Conduktor, shares how software management fits into his day-to-day and helps free up time for the work that really matters.
Conduktor helps simplify the complicated realm of data streaming for companies around the world. Their platform allows users get the most out of any Apache Kafka infrastructure with an intuitive UI, monitoring tools, and testing capabilities.
Mark Yates recently joined Conduktor as VP of Finance and is tasked with the broad remit of Finance, Legal, HR, and on top of that, the administrative work associated with Conduktorâs software subscriptions.
As a âone-man-showâ, Mark turned to Cledara to help streamline and automate most of the software-related work incurred by finance heads.Â
âThe software landscape at our company was like the wild-west â everyone chose their own tools, paid for them separately, and created data silos along the way. We urgently needed a way to consolidate subscriptions and streamline the whole process of requests, payments, and onboarding.â
There simply was no defined process for managing software at Conduktor, and while this wasnât ideal, it didnât hamper the company until that point. With plans to scale, Mark knew this way of working was nonaligned with the vision of Conduktor as a larger, more professional organization.
ââAny administrative work related to software was all done manually - and that wasnât going to cut it.â
âConsidering our plans to scale, it was great to find a solution like Cledara that addressed most of our software challengesâ
The ability to introduce a simple-to-use and all-in-one tool to keep track of and request new software was a no-brainer. And with no existing structure in place, Cledaraâs intuitive interface and simple workflows meant convincing teams to use Cledara for anything software related was straightforward.
For finance or operations leaders, one of the most overlooked timesinks when it comes to software subscriptions is chasing after invoices. Without invoices, of course, youâre not able to properly close the books at the end of the month.
And itâs not just about the collection of invoices â you still need to organize overall spend and get it all synced with your accounting software.
According to Mark:
ââWhen I joined Conduktor, I encountered a virtual box full of receipts that needed to be sorted, matched, and uploaded to our accounting systemâ
Mark had a mission to streamline processes at Conduktor, which meant manual processes were no longer an option.
Cledaraâs invoice capture feature enabled him to achieve a quick win as invoices are automatically pulled for software subscriptions and uploaded automatically to Cledara. From here, integration into accounting tools such as Xero and Quickbooks to sync invoices with your books becomes a snap, saving significant time and energy.  Â
âAs the sole person in Finance Iâm typically stretched and so Cledara takes care of the busy work that used to take up much of my time. The Gmail integration automatically captures many invoices for our software subscriptions and enables me to focus on more pressing, strategic mattersâ
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Consolidated information doesnât just make life easier for the Finance department, it also creates a single source of truth that helps decision-makers across the company understand the value of software investments. And since teams have access to the same information, it makes the process of convincing relevant stakeholders much easier.
âI wanted a way to gather finance knowledge, keep it within the business, and automatically organize it so that itâs easy to understand for everyoneâ
Cledaraâs simple dashboards allow for greater visibility of software spend and usage. Itâs also possible to break down spending and usage by teams or departments, which makes the data much more granular.Â
âIf a certain software tool is deemed to be the solution that works for our company, we use the insights on Cledara to help guide our decision whether to expand our investmentâ
With the current economic climate, Itâs crucial to find those investments that have the highest multiplier effect on efficiency and productivity. Onboarding a software management tool is one of those prudent investments â especially when companies start to scale.
ââCledara isnât an additional cost to our business - actually it saves me 10+ hours a week (in a part-time bookkeeper) and pays for itself. Thatâs a win in my book!â
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