How Fever scales its financial infrastructure in more than 50 countries and executes global payments with Embat

Fever is today one of the largest global entertainment and live experience platforms: more than 3,000 people, presence in more than 50 countries and an unstoppable expansion plan. Therefore, managing the financial infrastructure of a company with this rate of growth requires tools that are up to the task. When Fever arrived at Embat in December 2023, the challenge was clear: leave behind a manual and not very scalable operation, and build a solid base from which to continue growing.

The change in the team's day-to-day operations was immediate. Miguel Ángel Ramírez, Global Senior Finance & Treasury Manager at Fever, describes it bluntly: "Before, we had to go bank by bank and manually check the cash we had and consolidate it in an Excel spreadsheet. Today, with Embat, we have our entire bank pool in a matter of minutes" . Visibility that used to take hours or days to achieve is now available in real time to the entire finance team.

Much of this is made possible by artificial intelligence, which is at the heart of how both companies think about the present and future of finance.

"For me, AI comes to improve operational flows that take up a lot of time, and to be able to bring value in strategy and decision making, rather than spending so much on manual processes."

— Miguel Ángel Ramírez, Global Senior Finance & Treasury Manager at Fever

For Fever, automation is not an end in itself, but a means for the finance team to occupy a more strategic place within the company. That's why Embat is the perfect partner.

And, in parallel, operating in more than 50 countries also means being able to execute payments and open accounts in new markets quickly. And here Embat has made a particularly visible difference.

"While opening an account with a traditional bank takes me weeks, if not months, at Embat we do it in 72 hours."

— Miguel Ángel Ramírez, Global Seniior Finance & Treasury Manager at Fever

Such agility is critical for a company that is constantly entering new territories and needs the financial infrastructure to keep pace with business expansion. Payment traceability is equally critical: "It is fundamental for us that when Fever pays, the money reaches the supplier on time, and that the flow of communication is constant," adds Miguel.

But beyond the technology, which is fundamental, what Miguel Ángel emphasizes most strongly is the human component of the relationship with Embat.

"The tool is important, but it does not speak. That's why being able to have a relationship and direct contact with the Embat team and feel that accompaniment in each of our steps and challenges is fundamental for this relationship to work and for Fever to achieve its objectives."

— Miguel Ángel Ramírez, Global Seniior Finance & Treasury Manager at Fever

For Fever, which builds its business on experiences designed to be lived in person, this coherence between technology and human touch is not a minor detail: it is part of what makes the relationship with Embat work in the long term.