Case Study: Mentfield Group saves 20 hours a week and over $100K in interest with Panax

How Mentfield Drove Financial Efficiency to Save Both Time and Money

Mentfield Group, a growing logistics company, faced significant challenges in managing its global cash flow due to multiple banking relationships and daily manual processes. Their lean finance team struggled to get a real-time, standardized view of liquidity, wasting over 20 hours per week on error-prone tasks and making reactive, suboptimal decisions. They turned to the cash flow management platform from Panax for a solution.

By connecting their accounts to Panax, Mentfield gained an automated, real-time view of their liquidity and credit lines. This enabled them to proactively manage their finances, identify cash flow trends, and optimize their cost of credit. The solution from Panax saved the company over $100,000 in annual interest payments and reclaimed 12-20 hours of manual work each week for the finance team.

Mentfield Group

Lior Kriger

Chief Financial Officer