AutoUp: Driving B2B Growth With Cypher’s Financial Management
Meet Ken:
Ken Volk is a seasoned entrepreneur with two successful companies, including one acquisition. As a B2B outbound expert and official partner of Instantly.ai, his passion lies in helping businesses scale. His latest creation, AutoUp, was built by entrepreneurs for entrepreneurs, providing startups with the tools to fast-track their go-to-market strategies.
Background
AutoUp has collaborated with companies that have raised over $2 billion, and was featured in top publications like the New York Times and Wall Street Journal. As AutoUp grew, however, Ken found himself bogged down in manually tracking revenue and expenses, diverting his focus from scaling the business.
Challenge
Ken’s focus on expanding AutoUp was interrupted by the need to manually manage finances—countless hours spent on Excel and Airtable had become a major distraction. The endless data entry left him with less time to work on AutoUp’s core business, and Ken needed a way to efficiently manage his financials and relieve the administrative burden of revenue tracking.
Our Approach
When Cypher was brought on board, our first step was to streamline AutoUp’s financial processes. We integrated Xero and Dext into their financial operations, automating the tracking of expenses and revenue. Once the systems were in place, our team cleaned up previous years’ financial data, ensuring accuracy and consistency in reporting.
We also implemented proper revenue recognition and cost categorization, ensuring that AutoUp’s finances were accurately tracked and reported. Alongside this, Cypher introduced a monthly reconciliation process to provide Ken with clear insights into his business’s financial health. Additionally, Cypher handled contractor payments and introduced Ken to a tax accountant, ensuring his finances were optimized for tax savings.
The Result
With Cypher handling the finances, Ken is now stress-free when it comes to the numbers. He receives monthly reports from our team, allowing him to keep his focus on growing AutoUp, confident that his financials are accurate and investor-ready.
Monthly Reconciliations
Accurate Reporting
Stress-free Financials
If you’re ready to scale your startup like Ken did, let’s connect.
Build your empire—we’ll crunch the numbers. — Courtesy of Cypher
Who we are
01 The Challenge
Ken’s primary focus with AutoUp was on scaling the business, but managing financials manually was taking up too much of his time. With endless hours spent in Excel and Airtable, Ken needed a streamlined, automated solution to handle AutoUp’s finances so he could get back to growth.
02 Our Approach
Our team started by integrating Xero and Dext, automating AutoUp’s financial tracking. This system eliminated manual entry, providing real-time insights. We cleaned up prior financial records, categorized costs accurately, and introduced monthly reconciliations. Cypher also handled contractor payments and connected Ken with a tax accountant to optimize for tax efficiency.
03 Implementing the Solution
Once the tech stack was in place, Cypher ensured smooth, ongoing management of AutoUp’s financials. We focused on these key actions:
- Automated revenue and expense tracking
- Set up consistent monthly financial reconciliation
- Streamlined contractor payments
- Established proper revenue recognition practices
04 The Outcome
Ken can now focus on scaling AutoUp without the burden of manual finance management. With monthly reports and a clear snapshot of AutoUp’s financial health, Ken is confident his finances are organized and investor-ready. The impact has allowed him to realign his attention back to growing the business.
“Working with Cypher has been a game-changer for AutoUp. They brought organization and clarity to our finances, giving us a clear snapshot we can easily share with accountants. As a CEO wearing many hats, I just didn’t have time for finance and accounting — but Cypher’s team of pros stepped in and took that burden off my plate. The instant responses, quick and friendly support, and the time we’ve saved have been incredibly valuable. I couldn’t be more appreciative.”
— Ken Volk, Founder of AutoUp
