Lagata Unlocks Better Fund Utilization and Efficiency with Unified Cash Flow Visibility

Lagata- A multinational, investing in businesses in growth markets, with a specific expertise in emerging markets and particularly in sub-Saharan Africa.

Challenges

• Obtaining a real-time view of actual and forecast cash positions was a challenge

• Management of the company is based out of the UK, however, operations are spread out across 3 continents so arriving at real-time cash position across all of their bank accounts was their biggest pain area.

• Consolidating a huge volume of transactions across 350 bank accounts was a very challenging and tedious task.

• Categorization of daily cash flows across 350 bank accounts was a major pain area.

Benefits

• Shifted from people dependent to system dependent.

• Management based out of UK has real-time visibility across 350 bank accounts without people dependency.

• Since visibility is real-time, it results in better utilization of funds and cash flow management.

• Visualization of the cash flows enable management to analyze the Expenses and Revenues.

• Interactive dashboards give unified view of data to top management.

• Single point of truth for the decision makers and stakeholders.

• Improved operational efficiency & saved in person hours.

• Automation of accounting process reduced operational risk.