How Strella Biotech is Maximizing Success with Intelizen

Use Case: Revenue Management and Compliance

Strella’s Challenge: Managing complex contracts and reconciling various financial metrics to ensure proper PnL

Intelizen’s Role: Automating contract compliance, operational oversight, and financial tracking.

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Meet Strella

Strella Biotechnology helps food suppliers reduce waste and improve product quality by providing detailed insights into fruit ripeness. Their biosensing platform optimizes storage conditions, predicts ripening pace for better consistency, and ensures produce is shipped at the right time. This ultimately minimizes losses and maximizes freshness throughout the supply chain.

As Strella has grown, so has the complexity of managing its expanding financial ecosystem, with multiple revenue streams, unique contracts, and partnership agreements with intricate revenue share terms. Strella’s finance team recognized the need for a smarter solution to manage and monitor performance.

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Strella’s Challenge

Revenue Management: Strella’s various revenue streams range from packing to warehousing to ripening, each with distinct contract structures and pricing models. Managing these diverse agreements and revenue structures in the traditional manner lacked the visibility Strella required to make the best possible decisions for their company. This opened the door to difficulties in potential financial oversight and the risk of missed revenue.

Manual Tracking and Reconciliation: With the need to manage and reconcile various contract forms, Strella’s manual processes were starting to feel inefficient. Tracking financial milestones, KPIs, and general performance benchmarks became time-consuming responsibilities that created room for possible errors.

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The Solution Strella Needed

Strella needed to maintain its business operations effectively while supporting long-term growth and scalability. This meant clearer visibility into agreements and financial data, calling for a centralized solution that would provide reconciliation and oversight. Automated revenue tracking was also an essential consideration to reduce manual errors and simplify audits.

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Most importantly, Strella needed to ensure that as they continued to thrive, the risks associated with growth wouldn’t result in missed revenue or insufficient oversight of complex contract agreements.

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Intelizen’s Approach

Automation of Contracted Financial Obligations: Intelizen’s AI contract teammate offered an ideal solution for Strella. Now, Strella benefits from a centralized system, where all contracts, renewals, and financial details are stored in one place. This repository makes it easier for Strella’s finance team to track and manage various contract structures and audit requirements. With better visibility into their agreements, they can also minimize revenue leakage and keep things running smoothly. 

Greater Firmwide Oversight and Efficiency: Intelizen’s agents easily gather the information Strella needs to make informed decisions. Gone are the days of manual tracking and time spent searching for key contract terms; audits are now completed faster and more accurately, and tasks like comparing data from different reports are done in an instant.

Ultimately, Intelizen is helping Strella gain more control over contracts and revenue so they can continue to expand successfully—and the fruit can flourish too.

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Want to find out how Intelizen can support your business? Contact us today!