Case Study: Impact Hub Berlin
Impact Hub Berlin is an impact community that aims to create innovative solutions for social challenges. As a part of the global Impact Hub network, the Berlin location provides its members with workspaces, access to an inspiring network and various events. Its mission is to promote positive change through collaboration and entrepreneurship, making it a key player in the social innovation ecosystem of Berlin and Germany.
The success of recent years has led to rapid growth, making new structures and processes necessary. The main objective was to minimise the finance team workload, led by CFO Alex Tillack, optimise financial planning and improve processes. The primary goal was to develop a finance system that could provide department managers with decentralised access. This would enable them to obtain a better overview of their figures and create financial forecasts. Therefore, the introduction of controlling reports, financial forecasts and liquidity scenarios was necessary.
NumberSquare has been supporting Impact Hub Berlin for the past 3.5 years. We introduced an integrated financial planning system and created a comprehensive access management system to ensure the smooth operation of financial tools. To establish efficient financial management, we set up controlling and reporting processes, as well as a consolidation system of financial data for FP&A and BI analyses. During the CFO's sabbatical, NumberSquare acted as interim CFO managing the team, coordinating the annual budget planning and introducing liquidity and management processes. We also focused on change management to sensitise non-finance employees to financial topics.
By working with NumberSquare, Impact Hub Berlin was able to gain a much clearer picture of its financial situation. The enhanced liquidity planning enabled the organisation to allocate financial resources more efficiently. Additionally, P&L forecasting aided in making more informed strategic decisions for expansion into new and existing business areas. As a sparring partner for the CFO and management, we provided assistance in making strategic decisions and guiding the company towards further growth.
Mit der Unterstu?tzung von NumberSquare haben wir eine neue Ebene der finanziellen Klarheit und Effizienz erreicht. Ihre Expertise im Bereich CFO Services und die Mo?glichkeit, als Urlaubsvertretung zu fungieren, haben unseren Workload reduziert und uns ermo?glicht, unsere Finanzprozesse zu optimieren. Wir sind jetzt in der Lage strategische Entscheidungen mit gro?ßerer Sicherheit zu treffen. Ihre maßgeschneiderten Lo?sungen, Flexibilita?t und die Na?he zum Team haben NumberSquare zu einem verla?sslichen Partner gemacht.
– Alex Tillack, CFO Impact Hub Berlin
Bereit, deine Finanzstrategie zu transformieren und das Unternehmen auf das na?chste Level zu heben? Lass uns a?hnliche Erfolge wie mit Impact Hub Berlin erzielen. Buche jetzt einen Call mit uns, um zu erfahren, wie wir als dein Fractional CFO unterstu?tzen ko?nnen.
