How Prodesa gained real-time visibility and optimised treasury operations with SAP Business One and Embat

PRODESA, an industrial leader in the forest-based biomass sector, specialises in supplying turnkey projects for complete biomass pellet production plants, covering design and engineering, in-house equipment manufacturing, assembly, commissioning, and comprehensive after-sales service.

Founded in 1999, PRODESA is headquartered in Zaragoza, Spain, and has an international presence in Atlanta (USA), Paris (France), Riga (Latvia), Hanoi (Vietnam), and more recently, India.

1. Optimising treasury management to free up the team’s time

The PRODESA finance team previously managed their entire treasury using Excel, manually recording all incoming and outgoing payments. Now, they work with recurring forecasts for payments and receipts, resulting in considerable time savings for the team.

2. Improving report quality while reducing effort

Previously, the finance team had to log into each bank individually to create reports and monitor daily transactions. Nowadays, they have set up weekly reports in Embat that automatically update with the overall bank balances, giving them up-to-date information at their fingertips in a matter of seconds.

3. Gaining better real-time visibility of their cash pool

Make medium- and long-term decisions with a real-time updated cash pool, without the need to rely on Excel and avoiding manual errors.

4. Enhancing team efficiency and productivity:

Focusing on more strategic tasks by automating manual processes and promoting team well-being through the digitalisation of administrative and tedious tasks.

The teams from Embat and PRODESA worked closely together to configure the platform. The key elements of the solution include:

Consolidated view of the cash pool and transactions‍

PRODESA can now see the consolidated balance of their 56 bank accounts in real-time, without needing to log into each bank separately, saving the team a significant amount of time.

Global and account-specific balance visibility in the desired currency‍

With a strong international presence, PRODESA operates in 4 currencies and manages an extensive cash pool with over 120 banking products. They can choose to view their bank balances in their selected currency, in real-time, using the spot exchange rate.