The Challenge

Biofire is redefining firearm technology through innovation, safety, and engineering precision. Based in the US, the company has developed the world’s first biometrically enabled smart gun, a firearm that can only be used by authorized users. Biofire is not just a hardware manufacturer, it’s a vertically integrated tech company that designs, engineers, manufactures, and sells its products entirely in-house.

As Biofire scaled from early-stage prototype development to Series B fundraising, Co-founder and CFO Timothee de Mierry needed to transform FP&A from a side activity into a company-wide discipline.

We developed, sell, market, and manufacture our product ourselves. That means we have a lot of complexity throughout the organization, from a structure and data perspective.

Timothee needed a platform that could ingest and connect vast data from multiple systems while enabling each team member to contribute meaningfully to their budgets.

The Solution

After evaluating other FP&A tools, Biofire chose Abacum for its flexibility and deep data-integration capabilities.

Abacum was one of the few that was flexible enough to take in all that data, from our enterprise data platform, to our accounting system, and actually use it as inputs to the FP&A process.

With Abacum’s Spaces, the finance team can now involve budget owners directly, customize input templates, and visualize the impact of their decisions in real time.

At the same time, Abacum connects with our enterprise data platform to pull highly granular manufacturing data — from purchase orders and invoices to specific part costs and shipping fees — all feeding directly into the company’s cost-of-goods analysis and forecasting model.

For every gun that comes off our chain, we know exactly which component was in there, what PO number it relates to, what price we paid, what tariffs were attached, what shipping was attached… Abacum takes all that data and lets us roll up very exact COGS.

The Impact

Since implementing Abacum, Biofire has been able to handle enterprise-level complexity with a lean finance team and build a foundation for AI-enhanced forecasting.

Before Abacum, I was planning to hire two people in financial ops. We’ve taken both hires out — we don’t actually need them.

We’re raising $75 million, and still running finance with one and a half people. That tells you everything about how efficient we’ve become.

Beyond efficiency, Abacum enables Biofire to analyze forecasting accuracy at a microscopic level — understanding not just whether targets were met, but why deviations occur, from aluminum price shifts to specific supplier costs.

We can pinpoint exactly where we missed — by parts, by materials — and learn from that. That’s how you build intellectual honesty in forecasting.

The AI Vision

Timothee de Mierry, who has a strong background in data and is a global referent in AI systems, sees Abacum as a platform that provides all the context AI needs to operate effectively.

AI is only as good as the data underneath it. Once you have a few FP&A cycles and all that historical data, AI can reproduce a lot of your forecasting going forward.

He envisions a future where AI produces the first draft of FP&A models, allowing humans to focus on strategic interpretation rather than manual data handling.

FP&A is a science, but also a bit of an art. The science can be driven by AI — the art will always be driven by humans.

Conclusion

By centralizing its vertically integrated operations, Biofire is proving how modern FP&A can scale even the most complex manufacturing models — all while preparing for the next wave of AI-driven financial intelligence.

Abacum is a simple system that handles a lot of complexity. It lets you model your company the way you want — not the way software thinks you should.