Case Study: thePower achieves global treasury scalability and faster month-end close with Embat

thePower cuts month-end close by 4+ days with Embat

thePower, an education company operating in over 60 countries, faced significant challenges scaling its treasury and financial operations due to rapid global expansion. Their finance team struggled with fragmented cash visibility, a slow manual month-end close, and decentralized payment management across numerous banks and currencies. To address these issues, thePower partnered with vendor Embat for its end-to-end treasury management solution.

Embat implemented a platform that automated and centralized thePower's financial processes. The solution provided real-time cash flow visibility, automated bank reconciliation, and streamlined global payment execution. As a result, thePower accelerated its month-end close process by more than four days and reduced the time spent per payment transaction from 10 minutes to mere seconds, enabling efficient and secure scaling without needing to expand its finance team.

thePower