Case Study: Cooltra automates 50,000+ accounting entries with Embat

Cooltra automates 50,000+ accounting entries with Embat

Cooltra, a leading European provider of sustainable two-wheeled mobility solutions, faced significant financial management challenges due to its rapid expansion across nine countries and 18 different entities. Their finance team was burdened with manual processes, including tracking bank balances, performing reconciliations, and managing cash pooling, which were time-consuming, error-prone, and prevented an accurate, real-time view of liquidity. To address these inefficiencies and align financial growth with business expansion, Cooltra partnered with treasury management vendor Embat.

By implementing Embat's Automated Accounting and Bank Reconciliation module, Cooltra automated over 50,000 accounting entries using rules and artificial intelligence. The solution provided a centralized, real-time view of cash and debt positions, optimized their cash pooling system, and automated payment processes. This drastically reduced manual work and operational risk, freeing the finance team to focus on strategic activities. The measurable impact included significant improvements in accounting accuracy, scalability to support business growth, and higher motivation and productivity within the finance team.

Cooltra