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Finout, a rapidly expanding startup in the Cloud Cost Management space, has grown from 30 to over 70 employees in less than a year. With its headquarters in Israel and a growing office in the US, the company faced the challenge of managing employee equity efficiently as it scaled. It became clear that a solution that could keep up with the pace of growth and simultaneously simplify the complexities of equity management was needed.
As Finout rapidly grew, managing employee stock options and compliance became increasingly difficult. The company’s reliance on spreadsheets and manual processes posed significant risks, including potential errors and inefficiencies.
For Roi Rav-Hon, Co-Founder & CEO of Finout, and Tomer Meridor, VP of Finance & Operations, the tipping point came during two consecutive fundraising rounds. A centralized system to track grants, categorize equity data, and ensure compliance became essential. Tomer recalled, “I hated double-checking numbers across spreadsheets and emails. It was exhausting and prone to errors.”
Moreover, ensuring fair equity allocations aligned with Finout’s growth strategy was a top priority. Tomer shared, “We needed a way to manage this critical process without risking employee trust or compliance issues. The existing method wasn’t scalable.”
To streamline workflows and ensure 100% accuracy in their equity distribution, Finout turned to Slice. After a quick platform onboarding, Tomer and the Finance team were able to:
Centralize Data: All equity-related information, including grants, compliance, and workflows, was stored in one system of record.
Enable Real-Time Tracking: The platform offered real-time updates, ensuring Finout was always “round-ready” and prepared for investor due diligence.
Automate Processes: Slice eliminated the need for a constant back-and-forth with legal teams and trustees by automating previously manual tasks.
Enhance Equity Visibility: Slice helped Finout create transparent, equitable stock option plans aligned with organizational growth.
Tomer emphasized, “With Slice, I can manage the equity independently and I don't have to send emails to 3rd parties for every type or sift through endless emails. Everything was in one place, and the workflow was seamless. Our legal firm also appreciated how they could be on the strategic side of finance and legal.”
By Implementing Slice, Finout saw significant improvements in their equity management processes:
50% More Time Saved: The platform drastically reduced the time spent managing grants and compliance. As Tomer said, “We saved time that we could reinvest into strategic initiatives related to equity, like planning future equity allocations.”
Significant Error Reduction: Automated workflows minimized the risk of errors, ensuring accuracy and compliance all in one platform (can you guess which one?).
Scalability for Global Growth: Slice supported Finout’s rapid growth, providing a scalable framework for Equity Management that could expand with the company’s needs and global team.
More Focus for the Finance Team: By eliminating operational headaches, the finance team now has more time for strategic equity initiatives such as long-term planning, preparation for board meetings, and value-driven activities.
Tomer summarized, “Slice turned equity management from a frustrating, error-prone process into a strategic advantage. It allowed us to focus on our people and our growth.”
For Finout, Slice wasn’t just a tool—it transformed how they approached equity management. As Tomer said, “Options are often annoying to manage, but Slice made it a strategic and meaningful process.”
By partnering with Slice, Finout ensured that it was ready not only for today’s challenges but also for future funding rounds and hyper-growth.
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