Automated Cash Flow Automation of manual cash flow processes saves 50+ hours monthly.
Manual Processes Eliminated Manual reconciliation tasks replaced with real-time visibility saves 1 day per week on manual processes.
Real-time Cash Visibility Accurate insight into multi-currency cash positions across all banks and accounts in multiple regions, eliminates blind spots and manual tracking.
About Alloy
Alloy provides an identity risk management platform for companies offering financial products. Over 700 banks, credit unions, and fintechs rely on Alloy to manage fraud, credit, and compliance risks throughout the customer lifecycle.
Founded in 2015, Alloy’s cash footprint has grown as fast as its customer base. For its VP of Finance, the real questions were strategic: how much cash is on hand right now, which customer segments earn the best return, whether the quarter’s targets will hold. Answering them first meant waiting out a weekly ritual—a contractor rebuilding cash data across 10+ accounts in spreadsheets, a full day gone before analysis could start.
Nilus automates this process, providing real-time cash visibility. This increased efficiency has led to tighter control of Alloy’s cash balance and proactive decisions, such as targeting customer segments for better ROI.
The problem: 1 day a week of manual reconciliation delayed cash visibility
With over 10 accounts across multiple institutions, Alloy’s manual cash flow management consumed an entire day each week and was prone to errors.
“Our first use case was: Can we get visibility on cash?”
— Hai Kim, VP of Finance at Alloy
When Kim joined as Alloy’s first finance employee in 2019, the company’s cash management was highly manual. A contractor would log into each bank portal, extract transaction details, and populate spreadsheets weekly—a process fraught with dependencies and errors.
Collecting cash data was critical for the CFO to monitor cash balances and trends, but the manual process was slow and inefficient. Reconciling these numbers added further delays, consuming valuable time that could be better spent on strategic analysis.
“It took a full day to pull and reconcile everything. Instead of forward-looking analysis, time was spent ensuring the data was accurate.”
— Hai Kim, VP of Finance at Alloy
The solution: Real-time cash visibility and a (virtual) team member
With Nilus, Alloy has achieved greater cash visibility and control while saving their finance team a full day each week—adding up to 50 hours a month.
“Having a view of all your cash is invaluable. It eliminates worries about cash visibility and sets the finance team on the right path.”
— Hai Kim, VP of Finance at Alloy
Kim likened Nilus to adding another team member.
“It’s a big value-add. I recommend it for companies with complex cash tracking across accounts, banks, and transactions.”
— Hai Kim, VP of Finance at Alloy
Automating mundane tasks also enhances team satisfaction, as employees can focus on higher-value activities.
Controlling target cash balance with short-term collections forecasting
With Nilus, Alloy monitors quarterly cash targets more effectively. Aggregated bank data allows the finance team to track customer payments and guide collections efforts to meet cash balance targets. They can also optimize vendor payments based on cash flow.
Other ways Alloy uses Nilus:
- Automated transaction categorization and tagging with AI
- Achieve accurate Bottom-up cashflow forecasting
- Daily bank feeds integrated into the ERP
- Automated reconciliation of invoices and payments
- Overdue balances and AR analytics for better cash flow forecasting
Fast time-to-value for a lean finance team
Nilus’ lightweight, flexible platform was quick to implement and adapt to Alloy’s evolving needs.
“We couldn’t afford a lengthy implementation. Nilus was the perfect fit for our small team.”
— Hai Kim, VP of Finance at Alloy
The platform’s flexibility ensures scalability as Alloy adds accounts or changes systems.
“Nilus has proven it can scale with us.”
— Hai Kim, VP of Finance at Alloy
Better board reporting and no more cash spreadsheets
Manual cash spreadsheets are now obsolete. Alloy’s CFO uses Nilus for month-end and quarter-end reviews, tracking cash trends and targets. For board reporting, the finance team generates detailed breakdowns of cash flow, burn rates, and positions directly from Nilus.
“The CFO views Nilus as one of our most valuable tools. Unlike manual spreadsheets, it provides real-time updates.”
— Hai Kim, VP of Finance at Alloy
Impact: From validating AR data to strategic decision-making
With more time for analysis, Alloy’s finance team has elevated its role to strategic decision-making. For example, they identified a high-risk customer segment with delayed payments and unfavorable terms, leading to a shift in sales targets toward more stable, higher-ROI clients.
“Instead of reconciling data, you can analyze trends and share insights with the sales team. AR management has become strategic rather than a data exercise.”
— Hai Kim, VP of Finance at Alloy
The team also collaborates more closely with other departments on budgeting, focusing on forward-looking plans rather than retrospective reports.
Conclusion
Nilus has transformed Alloy’s cash management, improving efficiency, accuracy, and strategic focus. By automating manual processes, Alloy’s lean finance team can dedicate more time to driving business growth.
