ABOUT

Slumber Cloud creates bedding that regulates temperature using NASA-developed technology. The product line includes everything from sheets to comforters, helping customers sleep more comfortably without the constant battle of being too hot or too cold.

KEY TAKEAWAYS

• Slumber Cloud’s lean team lost hours of valuable FP&A time to manual reporting for investors
• Drivepoint transformed its financials into visual reports they can use to woo investors
• Today, Slumber Cloud’s forecasts are more accurate, and reporting is easier than ever

THE CHALLENGE

Slumber Cloud needed to scale growth without overloading its accounting team

Back in 2021, Slumber Cloud was raising funds to expand its operations. 

There was just one problem: Slumber Cloud lacked the internal resources to quickly model financial scenarios and create shareable reports for potential investors. With a lean team that used manual processes and spreadsheets, it took hours to create reports that could answer investors’ questions about cash flow, customer acquisition, and product margin projections.

The writing was on the wall: the company needed a more sophisticated FP&A solution. So CEO Willy Van Dehy set out to find Slumber Cloud a system that could:

• Accurately model financial scenarios: Willy needed a way to easily present different growth strategies to potential investors and demonstrate how different funding levels would impact Slumber Cloud’s customer acquisition, marketing spend, and cash flow.
• Improve inventory forecasting: To reduce the risk of overstocking or running out of key products, they needed insights down to the SKU level.
• Optimize marketing spend: Willy also hoped to reduce wasteful spending, increase profitability, and bring down CAC across all marketing channels. 
• Reduce manual, repetitive tasks: Willy hoped to automate routine financial management tasks so the lean accounting team could focus on more strategic initiatives like cash flow forecasting, financial modeling, and investor relations.

So Slumber Cloud turned to Drivepoint as its financial forecasting platform, hoping to simplify financial planning and improve decision-making.

"We were running financial models through spreadsheets — just trying to guess the impact of different scenarios. It wasn’t scalable." 

THE SOLUTION

Drivepoint automates repetitive finance functions and helps Slumber Cloud woo investors

Drivepoint’s visual modeling tools and automated reporting helped Slumber Cloud transition from manual spreadsheets to a more efficient, scalable system. This gave them the insights, tools, and reporting features they needed to:

• Spend less time on inventory forecasting: Drivepoint automates Slumber Cloud’s inventory forecasting down to the SKU, offering real-time, highly accurate forecasts. Now that they’re not pulling sales and inventory data from multiple sources and manually entering it into spreadsheets, the team has more time to spend on getting the right product mix.
• Create more accurate financial forecasts: Willy says Drivepoint makes it easy to create and compare different scenarios. For example, they can model how injecting $3 million into customer acquisition affects cash flow and profit margins and easily adjust future spend.
• Optimize marketing spend with real-time financial insights: With Drivepoint’s granular insights, Willy is more confident in the brand’s marketing spend. “Drivepoint helps us allocate budget where it matters most, without guessing," he adds. The team analyzes real-time marketing spend across different platforms like Facebook and Google to easily improve ROAS and CAC. 
• Save on financial management: Drivepoint handles most of the accounting team’s financial tasks, saving the company time and money while also reducing the cost of financial management. 

"Drivepoint pays for itself by saving us time and money, and giving us the financial insight we need to grow."

THE RESULTS

Slumber Cloud saved 30% on costs and secured funding

Since adopting Drivepoint, Slumber Cloud has significantly improved its financial planning and forecasting. What’s more, they have the reporting tools needed to share deep financial data with investors, giving them the confidence that Slumber Cloud is using their investment effectively. 

Drivepoint also helped Slumber Cloud achieve:

• 30% saved on financial management costs
• 90% accuracy for inventory forecasting 
• Increased operational efficiency with automated reporting

As for fundraising, they raised funds from Brush Creek Partners and haven’t looked back since.

"Drivepoint has transformed how we manage our financials. From forecasting to marketing spend optimization, it’s made our entire process faster, more accurate, and more efficient. We’re saving time and money, and we’re making smarter decisions across the board.”