Financial data is an asset that can bring benefits, so it is necessary to take care of it. We began cooperation with Wultra during the financial Due Diligence ("DD") that we conducted for J&T Ventures.

After the "DD," the management of Wultra decided to collaborate. First, the accounting and actual status of receivables and liabilities were verified. In this regard, the Wultra team was very helpful to us because they meticulously maintained an overview in an online tool for managing liabilities and receivables. Thanks to this, we were able to reconstruct the initial states.

With regard to accounting, processes were further established to fulfill the quality requirements for information flows between Wultra's back office and accounting, documented in a simple CODEX (link to Codex).

The next step was to set up reporting categories within accounting. Using analytical accounts, centers, and activities, we were able to simplify the view of the company's operations so that this data could be easily and clearly visualized. Management can thus easily read stories from the reporting about what is happening in the company.

Another positive outcome is that investor reporting is conducted completely transparently and in accordance with the standards that investors expect. This saves management time, which can be devoted to the company's development, business opportunities, and product.