Cabify

Empowering Hypergrowth: Cabify's Journey to a World-Class Financial Function

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NetSuite has allowed us to planify next steps after incorporating in-house accounting, including faster closes, precise accounting, more solid processes and analytic accounting

Overview

  • Customer Name: Cabify
  • Industry: Urban Mobility
  • Summary of Challenge: Reliance on outsourced accounting limited financial controls and scalability during international expansion.
  • Solution Overview: Implementation of NetSuite OneWorld to insource accounting and streamline operations.
  • Key Results:
    • Reduction in financial closure times. 
    • Real-time data access for better decision-making.
    • Enhanced productivity through scalable operations.

Background

Cabify, a pioneer in technology-driven urban mobility, operates across 14 countries, including Spain, Portugal, and Latin America. As Spain’s first tech “unicorn,” with a valuation exceeding €1 billion, the company has redefined sustainable transportation.  

Employing around 1,000 people, Cabify’s mission centres on providing safe, reliable, and environmentally friendly transport solutions – including taxi cabs – in over 30 cities. Its innovative approach and customer-centric philosophy have established Cabify as a leader in urban mobility. 

Initial Challenge

Before partnering with NoBlue2, Cabify grappled with several operational hurdles. Their reliance on outsourced accounting services created inefficiencies and limited control over their financial processes. This dependency was further strained as Cabify began its rapid international expansion, necessitating a scalable and robust financial system.  

Managing operations across multiple regions posed significant challenges, including a lack of unified processes and consistent data for decision-making. These growing pains underscored the need for an integrated ERP solution to support their ambitious growth trajectory. 

Solution

NoBlue2’s Approach

Understanding Cabify’s unique challenges, NoBlue2 crafted a tailored implementation plan for NetSuite OneWorld, a cloud-based ERP solution designed to centralise and streamline financial operations. NoBlue2’s expertise ensured a solution aligned with Cabify’s growth objectives while addressing their immediate operational inefficiencies. 

Implementation Details

The transition to NetSuite OneWorld was executed with meticulous attention to detail. NoBlue2’s team worked closely with Cabify to ensure minimal disruption to daily operations. Key components of the implementation included: 

  • Internalising Accounting Functions: Bringing financial management in-house to reduce dependency on external providers. 
  • Centralised Financial Processes: Enabling consistent data management across all subsidiaries. 
  • Real-Time Data Access: Providing leadership with instantaneous insights to support informed decision-making. 
  • Scalable Framework: A flexible system designed to adapt seamlessly to Cabify’s international expansion and operational complexities. 

NoBlue2 ensured that Cabify’s teams were equipped to adopt the new system effectively, providing training and ongoing support to facilitate a smooth transition. 

Results and Outcomes

Quantifiable Success

  • Faster Closures: Cabify’s financial closure times were halved, significantly enhancing workflow efficiency. 
  • Real-Time Data Access: Instant access to accurate data improved decision-making processes across all levels of the organisation. 
  • Improved Productivity: Employees gained the ability to access the system from anywhere, enabling seamless collaboration across global teams. 

Qualitative Benefits

Automating previously manual tasks reduced errors and freed up resources for strategic initiatives. The scalable system facilitated Cabify’s transition from a promising startup to a multinational enterprise, ensuring consistent processes and control across its global operations. Additionally, the integration of international subsidiaries was streamlined, promoting operational uniformity and efficiency. 

Conclusion

NoBlue2’s partnership with Cabify showcases the transformative impact of tailored ERP solutions in addressing the challenges of hypergrowth and international expansion.  

By implementing NetSuite OneWorld, NoBlue2 empowered Cabify to centralise operations, streamline financial processes, and embrace a data-driven approach to decision-making. This collaboration has positioned Cabify for continued success, underscoring NoBlue2’s ability to deliver scalable, impactful solutions.

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