Case Study: Oddity re-invests 95% of cash and saves 15 hours per week with Panax

How Oddity automated treasury and invests > 95% of idle cash with Panax

Oddity, a rapidly growing consumer tech company, encountered significant cash management challenges due to its hyper-growth. As the company opened dozens of new bank accounts and payment gateways, its finance team was overwhelmed with manual work and struggled to maintain real-time visibility into its cash flow across multiple currencies, which hindered liquidity optimization.

By implementing Panax's AI-native cash management platform, Oddity gained complete real-time visibility into its cash reserves. The solution enabled the company to connect 40 accounts and use smart alerts to proactively identify idle cash and future cash needs. As a result of working with Panax, Oddity now re-invests 95% of its cash into interest-bearing accounts and saves over 15 hours of manual work per week.

Oddity

M. Moore

Vice President Finance