Pleo is a global, all-in-one spend management platform. Pleo needed a way to give their customers’ treasury teams a real-time, centralized view of their cash positions across banks, wallets, cards and currencies.
“With every new feature, currency and rail we added to our payment infrastructure, it became exponentially more difficult to get a consistent view of transactions across them.”
- Stefan Christensen, SVP of Payments
↑ FRAGMENT connects to Pleo’s card and bank settlement systems to monitor payments and highlight discrepancies.
Pleo built Pleo Cash Management Suite using FRAGMENT to make it easy for customers to manage liquidity, hedge FX risk, control spending and get real-time visibility into every balance. When Pleo customers open their dashboard, the balances they see come from the same FRAGMENT ledger Pleo uses to comply with eMoney safeguarding.
"FRAGMENT give us a real-time, consistent view of our balances, and with that we can ship more powerful products without worrying about the compliance and recon risk," said Christensen.