Case Study
How do you thrive let alone survive the year end crunch, when you don’t have enough hands on deck?
Industry
Fintech
Jurisdictions
20 across Europe & Africa
Company Headcount
2,000+
finance team headcount
60
Who is Mukuru?
One of the largest money transfer providers in Africa and a leading next-generation financial services platform.
Mukuru began by offering secure international money transfers for Africa’s migrant diaspora and has since expanded into diverse financial services. By building a strong digital and physical payments infrastructure, Mukuru addresses customer needs through platforms like WhatsApp and a multilingual Contact Centre, fostering deep engagement and financial inclusion across Africa.
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The Challenge
Capacity crunch concerning Annual Financial Statements, Audit and year end support. Included in this was a large-scale system migration and implementation of their financial information.
The Solution
Mukuru leveraged expert financial advice by plugging in two senior OCFO resources to create capacity for their team. OCFO assisted with year-end close, including Audit and AFS support.
Two additional resources were deployed on financial processing and TB closures to improve financial efficiency.
A larger cohort-based solution was subsequently engaged to complete data migration and transfer from Xero to Netsuite with a focus on optimized financial processes.
resources deployed
11 team members
time to deployment
< 2 weeks
resource onboarding
< 1 week
time saved on project
18 months
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The Results
With additional capacity and expertise, Mukuru achieved its year-end deliverables along with improved workflow. The step-based approach to data analysis streamlined the implementation and migration to NetSuite resulting in the project being completed 18 months ahead of schedule.
“I’ve always found the team at OCFO are open to discussions. They’ve been able to adapt their approach and offer alternative solutions, something that larger, more rigid corporates often can’t do. That flexibility is key for me as a business owner. My needs are constantly evolving, and having the ability to have an open conversation and find solutions that change with my demands is absolutely crucial.”
Max Havemann
Group CFO
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