Embat, a European fintech founded by former JP Morgan executives, transforms financial operations with a cloud-based treasury management platform, empowering CFOs and finance teams to drive strategic growth in medium and large organisations.
In the fast-paced world of corporate finance, managing cash flow, liquidity, and debt can be daunting, with constant challenges in collections, payments, and bank reconciliation. Recognising these challenges, Embat, a European fintech, has stepped in with a game-changing solution. Their innovative approach was recently showcased on CBS News’ ‘A Moment With’, where co-CEOs Antonio Berga and Carlos Serrano, along with Jane O’Connell, account executive UK, discussed their journey and impact.
A mission to empower finance teams
Embat’s mission is to empower finance teams from medium to large organisations to unlock their full potential and drive strategic growth.
The company’s founders, former JP Morgan executives Antonio Berga and Carlos Serrano, alongside former Fintonic CTO Tomás Gil, have leveraged their extensive experience to build a solution tailored for CFOs and their finance teams.
From JP Morgan to Embat: a corporate finance story
During the interview, Antonio Berga and Carlos Serrano recounted their journeys from JP Morgan to founding Embat.
While working at JP Morgan, Carlos and Antonio identified inefficiencies in how finance teams allocated their resources, particularly around administrative and bureaucratic tasks.
“We realised finance teams were spending too much time on non-value-adding tasks. This inspired us to create a solution that allows them to focus on strategic initiatives and business growth,” explained Carlos Serrano.
A fully fledged cloud-based treasury solution
Embat’s platform offers a real-time solution for corporate treasury management, centralising collections, payments, and treasury processes, and automating accounting and bank reconciliation.
Embat’s platform facilitates seamless connectivity with over 15,000 global banking entities, payment gateways, and major ERP systems, offering a fully-fledged cloud-based treasury management solution.
“Our integration with major ERPs like Microsoft Business Central, SAP, Oracle NetSuite, and Sage gives our clients clear insights into their cash positions for the next 30, 60, and 90 days. Additionally, we offer automated accounting of treasury and niche solutions such as cash pooling to help manage intra-company cash flows efficiently. ” explained Antonio Berga.
A treasury management solution by financial experts, for financial experts
Embat has built a dedicated customer success team, which includes former CFOs and finance professionals, to ensure clients fully leverage the platform’s capabilities.
This team speaks to clients on a weekly basis, focusing on their financial needs and strategic initiatives, and gathering feedback to build the new platform’s features.
From Spain to UK and DACH markets
As Embat continued to grow, the demand for their solution in new markets became clear.
The UK and German markets, with their robust financial sectors and supportive regulatory environments, presented significant opportunities. Jane O’Connell, Account Executive UK, explained “By prioritising efficiency, we cut down on over 75% of manual tasks for finance teams. The demand for agile solutions is strong in Europe, and companies see us as long-term partners, helping with bank connectivity, automated treasury, cash reporting, cash flow forecasting, accounting, and payments.”
Explore the insightful interview featured on CBS News
For more information, visit Embat’s website or LinkedIn
