CashWise Robo-Treasury provides a unified dashboard for businesses to manage cash positions across multiple accounts, automating cash movements based on policy-driven rules to maximize returns on idle cash. The platform addresses inefficiencies in cash management by reducing the time spent on manual processes and minimizing risks associated with foreign exchange fluctuations.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses, especially startups and SMEs, struggle with inefficient cash management due to manual processes, fragmented visibility across multiple accounts, and a lack of automated tools to optimize returns on idle cash. This leads to wasted time, increased risk of errors, and missed opportunities to maximize earnings on available funds.
Solution
CashWise Robo-Treasury is an AI-powered platform that provides businesses with a unified dashboard to manage cash positions across multiple accounts and automate cash movements based on customizable, policy-driven rules. The platform integrates with existing accounting/ERP software, banks, payment processors, and investment institutions to provide near real-time balance and transaction data. CashWise automates payments, optimizes idle cash by connecting to investment platforms, and enforces FX protection policies to mitigate risks associated with currency fluctuations. Role-based access controls and bank-level security with 2FA ensure compliance and prevent fraud.
Target Audience
CashWise targets startups, SMEs, and finance teams that need to streamline cash management, automate financial operations, and optimize returns on idle cash.
Features
- Unified dashboard providing consolidated visibility of cash positions across multiple accounts, updated in near real-time.
- Automated cash movement based on policy-driven rules, maximizing returns on idle cash.
- Integration with accounting/ERP systems (e.g., Xero), banks, payment platforms (e.g. Airwallex, Wise), and investment institutions for seamless data flow.
- AI-powered data ingestion from bills and invoices, extracting key information for payables management.
- Automated FX protection and risk management policies to protect against unfavorable currency movements.
- Account-level cash flow profiles with projections and alerts for low cash positions.
- Role-based access controls to enforce operational policies and eliminate fraud.
- Bank-level security with 2FA and encryption to protect sensitive financial data.