Challenge

Softonic’s finance team was buried in spreadsheets. Budgeting and reporting processes required hours of manual work, constant version control, and back-and-forth with stakeholders. Collaboration was painful and slow, with key reporting cycles taking 2–3 days to prepare every month.

“We were working almost entirely in Excel, and just preparing the reports could take us up to three days every month.”

Solution

Softonic selected Abacum for its intuitive interface, ease of use, and collaborative features. Implementation was fast, and the team now uses Abacum to manage budgeting, forecasting, and board reporting—all in one place.

“Abacum is very easy to use, even for stakeholders outside of Finance. The interface, the flexibility, and how easy it is to share and consolidate everything made a big difference.”

Use Cases

These are the 3 main use-cases used by Softonic:

• Budgeting: Stakeholders receive structured inputs, review deadlines, and collaborate directly in Abacum. No more emailing spreadsheets.

• Forecasting: Real-time updates and fast adjustments, with version comparison and shared assumptions.

• Board Reporting: Executives access a live dashboard with actuals vs. budget, plus written commentary for each period.

“Now our directors have a live link to access financial results, along with a written summary. It’s a single source of truth.”

Results

By using Abacum, Softonic has:

• Saved 2+ days per month in reporting preparation

• Eliminated Excel from the reporting process

• Increased collaboration and transparency across the business

• Improved speed and confidence in budget & forecast cycles

As Mayra Domínguez, head of FP&A puts it:

“We’ve reduced manual work and increased the time we can dedicate to real analysis. That’s where the value is. Thanks to Abacum, we can scale without adding headcount—we’re more efficient and more strategic.”