Case Study: CPS Group achieves 90% automated bank reconciliation with Embat

CPS Group automates 90% of bank reconciliation with Embat

CPS Group, a family-owned Spanish leader in technology and engineering, faced significant challenges in managing its treasury and accounting operations during a period of growth. Their finance team relied on manual downloads of bank statements and spreadsheets, leading to a lack of real-time cash visibility and tens of thousands of manual accounting entries. To overcome these inefficiencies and reduce errors, they partnered with vendor Embat to automate their processes and integrate with their Microsoft Business Central ERP.

Embat implemented its treasury and accounting solution, providing API connectivity to centralize financial data and integrate with the ERP. A key feature was the use of a generative AI model to automate bank reconciliation, which streamlined nearly 90% of transactions. This provided CPS Group with real-time cash visibility, significantly improved operational efficiency, and allowed the finance team to focus on more strategic tasks.

CPS Group