Customer Story / Psychemedics

How Psychemedics cut reporting time 30% with Cube.

The global leader in hair drug testing modernized finance to keep pace with growth. With Cube, close and reporting time dropped 30%, and leadership answers come with a click.

Cube is the AI-powered financial intelligence platform that connects bi-directionally to Excel and to source systems like Microsoft Dynamics 365 Business Central, giving finance teams trusted, decision-ready data without leaving their spreadsheets.

30%

Faster close and reporting

1 click

To answer leadership

Real-time

Drill-down dashboards

The Situation

A publicly traded leader modernizing finance to match its growth

Psychemedics is the global leader in hair drug testing, publicly traded and growing. Its finance team was already hitting reporting and compliance deadlines, but leadership wanted more.

They needed a platform to streamline workflows, sharpen forecasting, and give leadership real-time insight for faster, more strategic decisions.

When Daniella Mehalik joined to lead finance in late 2023, she brought enterprise-systems experience and saw the chance to move the team onto a platform built for that pace.

Company

Psychemedics (hair drug testing)

Industry

Healthcare / Diagnostics, publicly traded

Stack

Microsoft Dynamics 365 Business Central + Excel

Finance lead

Daniella Mehalik, joined late 2023

The Pain

Meeting deadlines, but stuck on manual, repetitive work

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Too much time on repetitive manual processes

The team met its deadlines, but manual, repetitive work crowded out the analysis and forward planning leadership wanted.

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Forecasting and visibility needed to scale

As a growing public company, Psychemedics needed stronger forecasting and real-time visibility for leadership, not static end-of-cycle reports.

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Audit prep that could not slow compliance

Audit preparation had to stay airtight while moving faster. The team needed information quickly without compromising compliance.

How Cube Fixes It

Familiar modeling, connected data, answers in a click

Cube connected to Dynamics 365 Business Central and kept Excel in play, so a finance leader from an Essbase background found it familiar but far simpler.

Patented bi-directional connectivity

Excel stays, with stronger control behind it.

Cube's patented bi-directional spreadsheet connectivity let the team, including non-financial members, keep the familiarity of Excel while gaining version control and collaboration.

No code-heavy modeling, just a familiar tool made dependable.

Spreadsheet Example Build

Dynamics 365 BC integration

Grab the data straight from the source.

Cube connected directly to Microsoft Dynamics 365 Business Central, eliminating duplicate data handling. In Daniella's words, the team can grab data from the system without having to wait.

That direct line is what cut close and reporting time 30%.

Integrations

Trace to Truth

Answer the board in a click, with confidence.

Cube is built on trace-to-transaction trust, with real-time, drill-down dashboards. Daniella can answer executive questions with a click of a button, even mid-meeting.

Audit prep got faster and more transparent, with compliance intact.

Board view

How It Works

From manual close to a 30% faster cycle

1

Connect the source
Cube links directly to Dynamics 365 Business Central, ending duplicate data handling.

2

Keep Excel
The team models in familiar Excel, now with version control and collaboration.

3

Answer in a click
Real-time dashboards close the books 30% faster and answer leadership instantly.

The Results

Faster close, faster audits, more time for strategy

30%

Reduction in close and reporting time

1 click

To answer executive questions

Faster

Audit readiness and transparency

Real-time

Drill-down visibility for leadership

"I can give answers to them with a click of a button if I don't know it right then and there."

Daniella Mehalik

Finance Leader, Psychemedics

Questions Buyers Ask

Cube for finance modernization: common questions

Psychemedics cut financial reporting and close time by 30% after implementing Cube. Key processes now update with a click of a button, freeing the finance team to focus on analysis and forward-looking planning.
No. Cube keeps Excel in place and adds stronger version control and collaboration on top. At Psychemedics, even non-financial team members kept the familiarity of Excel while Cube's bi-directional connectivity kept the underlying data current.
Cube connected directly to Psychemedics' Microsoft Dynamics 365 Business Central, eliminating duplicate data handling. The finance team can pull data straight from the source system instead of waiting, which is what made faster close and audit readiness possible.
Yes. Psychemedics is a publicly traded organization that adopted Cube to keep pace with growth and reporting requirements. Cube improved audit readiness and gave leadership real-time, drill-down dashboards while maintaining strong confidence in financial data and compliance.
Yes. Finance leader Daniella Mehalik, who came from an Essbase background, found Cube's modeling foundation familiar but far more intuitive. She described Cube as a user-friendly model anyone can use, not just finance specialists.

Cut your close time,
and answer leadership in a click.

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