Before Embat:
- Treasury managed manually, with bank information gathered from several sources.
- Bank reconciliation carried out by hand, taking up a significant part of the finance team’s time.
- High transaction volume from stores, corners, online and wholesale channels, growing with every new opening.
With Embat:
- Treasury management fully digitised, with a centralised view of cash across all banks.
- Bank reconciliation automated end to end, with TellMe, the intelligence behind Embat, matching transactions automatically.
- A finance team ready to support the brand’s expansion into new markets without adding manual work.
As Lola Casademunt grew its network of stores, corners and international points of sale, the volume of transactions its finance team had to manage grew with it. Treasury was largely managed manually, and reconciling bank movements across channels and banks took a significant amount of time.
With Embat, Lola Casademunt has digitised its treasury and automated bank reconciliation end to end. The finance team now has a clear view of cash at all times and can focus on supporting the company’s growth instead of manual tasks.
