How Logalty automated 80% of its accounting entries, streamlined bank reconciliation, and optimised cash forecasting with Embat
- Manual, time-consuming bank reconciliations, made complex by the volume and diversity of financial products.
- Heavy operational burden in recording accounting entries.
- Limited ability to generate reliable cash flow forecasts due to a lack of integration with historical bank data.
- Fragmented processes and no consolidated view of the overall financial position.
- 80% of accounting entries automated using AI and accounting rules, significantly reducing time and manual effort.
- 98% of bank reconciliations automated, with intelligent transaction matching and a substantial drop in reconciliation errors.
- 52 accounting rules implemented to automate both booking and reconciliation of financial transactions.
- Enhanced cash forecasting capabilities through historical flow analysis and real-time banking integration.
- Seamless integration with their ERP (Openbravo), preserving existing processes while adapting to Logalty’s specific needs.
- Centralised treasury management across more than 15 banks and 30 financial instruments within a single platform.
The customer
Logalty Group is the first Legaltech and Regtech company in Spain, specialising in digital identification, electronic signatures, certified communications, and regulatory compliance solutions.
Over the years, it has supported both large enterprises and SMEs across sectors such as banking, insurance, public administration, real estate, and retail in digitising critical processes with full legal and operational guarantees.
The complexity of their financial operations, combined with a growing volume of transactions, led the finance team – headed by CFO Carlos Echalecu – to look for a solution that could automate bank reconciliation and accounting while maintaining full visibility over cash management and control of accounting processes.
With Embat, they found the flexibility and scalability required to strengthen operational efficiency while maintaining high standards in security and compliance.
“Embat has enabled our team to focus on more strategic tasks and tackle new challenges. Its flexibility and clear product roadmap, always aligned with our needs, have been key for us.”
The challenge
1. Automating complex bank reconciliation
Managing multiple banks and financial products created challenges in transaction matching, resulting in manual dependencies.
2. Reducing operational workload in accounting
The finance team needed to free up resources by automating repetitive, low-value accounting tasks.
3. Improving cash forecasting with consolidated data
Lack of real-time visibility and structured historical data hindered the quality and usefulness of forecasts.
4. Implementing a flexible, low-disruption solution
They required a solution that could integrate with Openbravo ERP without complex developments or operational downtime.
The solution
Automated accounting and bank reconciliation
Over 52 custom rules were implemented to support Logalty’s operations, covering invoice matching, reconciliation of payments/collections, and the automatic generation of journal entries.
More accurate, dynamic cash forecasting
With integrated banking data and analysis of historical flows, the team can now generate accurate and up-to-date cash forecasts aligned with actual operations.
Centralised banking visibility
Using Embat, Logalty manages over 15 banks and 30 financial products from a single interface, improving control and auditability.
Seamless ERP integration
The solution integrated smoothly with Openbravo, requiring no process changes and ensuring continuity while leveraging existing data.
The impact
Less manual work, more strategic focus
80% of accounting records are now generated automatically, reducing errors and allowing the finance team to focus on higher-value initiatives.
Faster reconciliations, stronger control
98% of reconciliations are completed automatically, increasing operational efficiency and speeding up period-end closing.
Fewer transactions, greater volume
In recent months, Logalty has processed over 15,000 transactions—handling higher volumes with lower operational effort.
Smarter forecasts, safer decisions
Forecasting has evolved from a manual task to a reliable, automated function—supporting better liquidity planning and decision-making.
Find out more about Embat
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