Vesto

At Tiny, we manage over hundreds of bank accounts across 40 odd businesses. That's a lot of cash to keep track of. Our finance team used to spend hours every week logging into hundreds of accounts just to copy/paste balances into Excel. Manually. One misplaced decimal and boom - the entire cash picture is screwed. We looked into treasury management systems. Most cost $100K+, take forever to set up, and look like they were designed when dial-up was still a thing. Hard pass. Then we found Vesto. Vesto connects all our banks into one slick dashboard. Real-time cash position, automatic transaction categorization, and treasury management. Implementation? A few clicks. Cost? A fraction of the old-school solutions. It's so easy, it almost feels like cheating. For any company juggling multiple accounts - holdcos, real estate firms, PE shops - Vesto is a no-brainer. It's like hiring a financial wizard for pennies on the dollar. We're saving countless hours and headaches. And best of all, they even help us get yield on our cash, making it easy to move things between cash and treasury bills to ensure we're making yield on our cash balance. Juggling bank accounts and cash balances? I highly recommend checking out Vesto and talking to its founder Benjamin Döpfner. PS: We like it so much that we invested in the company.

This week, we made it even easier for Vesto customers to always stay on top of their bank balances... With our latest feature [Alerts], you can easily set up minimum or maximum balance alerts on all your accounts, across banks. Simply set a balance threshold, and we'll always alert you whenever an account has met a threshold.

At Localyze, we've recently started using Vesto, and it's been incredibly helpful. We're very happy with the positive impact Vesto has had on our operations and highly recommend it to finance teams looking to streamline their cash management processes 🚀 #finance #financetools #cash

We recently helped Localyze get a real-time view of its cash position across 6 global entities and 18 banks. Here’s how: As a global business, supporting over 10,000+ employee relocations, Localyze is spread across many entities and financial accounts – this leads to a lack of visibility into their cash position and cash flow... To solve this, Localyze's team manually logged into all of their financial accounts once per week – pulling data from dozens of systems and compiling balances into an Excel spreadsheet to get a view of their cash. Not only did this take several hours (!) to put together, but this also delayed the team’s decision-making ability. Localyze needed a way to see their cash balances and transactions in real-time but didn’t want to waste hours doing this manually or spend months implementing a legacy treasury management system. After getting connected to us, Vesto’s cash positioning product turned out to be a perfect fit. Using our cash positioning product, Localyze’s finance team was able to get a real-time view of their cash position, without needing to log in to a single underlying account. Since implementing Vesto, Localyze has been able to free up their team’s time to focus on strategic tasks, while getting an accurate and instant view of their cash globally. In Yolanda Diez's words: “Before implementing Vesto, we had to manually aggregate data from multiple banks and systems into a single master spreadsheet. Vesto has been immensely useful by giving us a clear and real-time view of all our entities.” Check out the full case study here: https://lnkd.in/ePEBXisD

Here's how one of the fastest-growing fintech startups extended its runway in less than 30 minutes of set-up time, and how you can too 👇 → Mercantile is one of the fastest-growing fintech startups and was one of Vesto's first customers. → Mercantile has raised over $22M in capital from Index Ventures, First Round Capital, General Catalyst, and other top-tier VC's. → With Vesto, Mercantile was able to significantly extend their runway by investing idle cash into US Treasury Bills and Money Market Funds; all in less than 30 mins of set up time for them. In the words of Mercantile's CEO: “As a founder, I want to know that my cash is safe, working for me, and extending my runway—and I want to get set up with a customized solution as fast as possible. Vesto does exactly that" Check out the full case study below 👇 https://lnkd.in/e4yWxz8X

We're excited to share that Vesto is now SOC 2 Compliant. In the rapidly evolving landscape of digital transactions and sensitive data handling, safeguarding customer information is paramount. At Vesto, our commitment to data security and customer trust led us to embark on the SOC 2 compliance journey. #startups #cfo #compliance #soc2

Quick reminder: Vesto seamlessly connects with all your accounting systems in order to automate hours of manual work... Quickbooks, Sage, Xero, and more. Vesto integrates with them all in just one click. Your CFO will thank you :) #startups #cfo #treasury

NEW: Scenario Modeling Our new scenario modeling product lets you easily craft and compare "what if" scenarios to understand how new hires, changes in spend and revenue growth, or new funding rounds can impact your business. Just choose your inputs and confidently plan ahead. #startups #cfo #fpanda