Temy.Co

Brief

Growing a business means more than boosting sales - it requires strategic transformation aligned with the world's most effective practices.

That's why when Temy.Co, one of the leading Ukrainian software development companies, reached the significant milestone of 100 employees, they chose to partner with fint8 to optimize their internal processes and enhance financial operations.

Approach

Over 10 months of collaboration, we helped Temy.Co to implement key measures that drove their growth:

• Enhancing Financial Reporting System: We introduced a monthly reporting process, involving both the financial team and company leadership, providing transparency and better control over financial performance.
• Detailed Project Profitability Monitoring: By closely tracking the profitability of individual projects and team contributions, Temy.Co was able to make informed decisions regarding resource allocation.
• Proactive Risk Management: We implemented a plan vs. actual analysis procedure, allowing Temy.Co to compare actual financial results with projections. This proactive approach enabled the company to identify deviations and make timely adjustments to stay on track towards their goals.

The Results?

📈 A notable increase in gross profit, rising from 22.6% to 40.5% within 8 months: The well-structured reporting system enabled Temy.Co to make better decisions regarding pricing and resources, leading to an increase in gross profit.

📊 Increased investments in growth: With a clearer understanding of its financial performance, Temy.Co was able to boost investments in marketing, sales, and consulting services, driving further growth.

"Ten months of productive collaboration with fint8 have been a catalyst for our growth. With a well-structured reporting system in place, we significantly improved our profitability—from 22.6% in September 2023 to 40.5% in April 2024—while also increasing investments in marketing, sales, and expert consulting.
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As Peter Drucker famously said, 'You can't improve what you can't measure.'
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‍Our partnership with fint8 not only provided us with a precise picture of our performance but also gave us a clear understanding of where to invest, what to improve, and what to eliminate."

— Andrii Sheludenkov, CEO @ Temy

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At fint8, we ensure that our clients not only measure but also understand and act on their financial insights to unlock new growth opportunities. We're proud to have been a part of this transformation and look forward to helping more companies achieve their full potential.