The Challenge

FirstVet, a digital veterinary practice operating in seven geographies, faced major complexity due to multiple currencies and ERP systems. Reconciling books in spreadsheet was time-consuming and prone to error. Their Excel-based process made version control difficult and hindered timely reporting.

Ikaika Nordin, CFO, needed a reliable solution that could unify financial and operational data and simplify collaboration with internal teams and the board.

"What I really needed was a single source of truth—something I knew I could rely on."

The Solution

FirstVet selected Abacum after enthusiastic peer recommendations and board member endorsements. Abacum’s flexibility and responsive onboarding team ensured the platform was tailored to meet FirstVet’s unique needs, regardless of their existing systems.

• Abacum flagged unmapped or miscategorized entries, significantly reducing reconciliation time and avoiding manual errors.

• The platform enabled seamless collaboration across the company—including the board—with version control, dashboards, and report history.

• Abacum’s interface made it easy for non-finance stakeholders to view performance metrics by business line or geography.

• Though not yet used for a fundraising round, Ikaika noted Abacum’s polished visual output and centralized data make it ideal for future fundraising storytelling.

"Now I just send the board an Abacum link. No more spreadsheets, no more confusion."

The Impact

Abacum transformed FirstVet’s FP&A function:

• 5 working days saved per reporting cycle.

• Improved accuracy through automatic alerts and validation.

• Empowered FP&A team to shift from reporting to strategic analysis.

• Streamlined board reporting with documented history and customizable dashboards.

• Scalable setup for future fundraising and stakeholder communications.

"My team now spends more time on impactful analysis, not just reporting. We come to decisions faster, with better data."

The Conclusion

For international companies managing multiple entities and complex reconciliations, Abacum is the right platform to gain clarity, speed, and confidence. FirstVet’s finance team now operates more efficiently, shares insights more effectively, and is prepared for future growth and capital raising.

Ikaika Nordin, CFO of FirstVet, shares:

"We're reconciling the books a lot quicker with better accuracy. My team can now spend more time on running analysis, not just reporting."