Things were moving fast—but Kristina Bittorf couldn’t dive deeper into her numbers. Without granular KPIs, they weren’t agile, and she couldn’t answer her company’s important questions. Sprout Social was reactive and unprepared for their rapidly changing environment.

When Kristina joined Sprout Social in 2015, she knew she was in for an adventure at the Chicago-based SaaS company. They’d just launched a new product, they were hiring like crazy and the firm was gearing up for another major funding round. The need for rock-solid growth plans had never been more significant—but the finance team just didn’t have the capacity to compile their data into actionable insights.

According to Kristina—who now leads the finance team as Senior Manager—data silos were her biggest challenge in the days prior to Vena. In order to come up with a P&L forecast, for example, she’d have to pull pipeline numbers from the CRM, copy transactional details from the ERP and also chase down department heads for their budget to actuals variances. Monthly financial statements (plus any other ad hoc reports, for that matter) would usually take up to three whole days to produce. 

“We used Google Sheets for all of our reporting to business leaders, but the data we pulled from our source systems was thrown together manually in Excel,” says Kristina. “We spent so much time validating our numbers because there’s a lot of room for error when your data is siloed. Everyone always wanted to know how the business was trending, but simplifying our numbers and making them digestible took a lot of effort.”  

It took a lot more time than it needed to for Sprout’s executive leaders to make confident, data-driven decisions about the company’s long-term future. Sprout was growing fast with lots of milestones on the horizon, so establishing one source of truth for company-wide KPIs was a top priority. 

“Tackling the important questions gets a heck of a lot harder when you don’t have a strong data foundation. The decisions about where to spend our money, where to invest and how to grow the business just weren’t being made fast enough,” says Kristina. “In a dynamic SaaS environment like ours, you need to constantly analyze profitability and look at new metrics to influence your growth decisions. That level of agility was really missing before we had Vena.”

In the two years following their Vena rollout, Sprout Social went public and continued to invest in growth, which included hiring more staff and expanding their new Dublin office. Kristina says executives are empowered to lead confidently down those roads because of the “reliable, timely data our team is delivering with Vena.” 

“Our sales and marketing initiatives have been crucial in recent years and Vena allows us to focus on the impact those investments really bring for us,” she says. “For all of the different metrics and reports we run in Vena, I can easily apply filters so they only show results from our Dublin office, for example. When executives can see those dollars come in and quickly compare that to costs, it gives them a lot of confidence in the models we use to justify our investments.” 

Another important win has been Sprout’s revenue planning model, which is a lot easier to manage thanks to Vena’s native Salesforce integration. Today, Sprout’s revenue metrics (retention rate, churn, average deal size, etc.) are consistent across their dataset, which means greater confidence for their decision makers as they chart a path forward for the business. The ability to layer financial data over their revenue metrics has made analysis faster—and now Sprout’s executive leaders make data-driven decisions with a lot more agility.

They don’t wait and react. If faced with an uncertain economic climate, they can be proactive—and when Kristina’s executives have questions, she has answers.

“Vena gives us the freedom to envision what our own growth looks like,” says Kristina. “We don’t have to fit into a ‘box’ or conform to a rigid reporting structure at all. It’s allowed us to get creative with how we look at the business so we can answer the tough questions and really help the company succeed.”