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Leticia Trevino
CPO at at Heffernan Group
the problem
Manual bill pay and traditional cash management were time-consuming and stressful
According to CFO Alejandro Calderon, many of Roof Squad’s financial processes were antiquated and tedious, due in part to the limited types of accounts available from the company’s traditional banking partner. When it came to managing cash, Alejandro was constantly balancing the desire to maximize earnings with the need to maintain liquidity and pay bills on time. To earn a return, Alejandro had to lock away idle cash in a savings account. But without quick access to cash, Alejandro was constantly forced to shuffle money between savings and operating accounts to ensure he could pay his vendors on time.
Transferring cash from one account to another wasn’t just a complex manual process — it was also a slow one. Under the status quo, Alejandro needed to closely manage his payments calendar to make sure he could remit payment with enough time to fix any issues
the Solutions
No-compromise cash management
According to CFO Alejandro Calderon, many of Roof Squad’s financial processes were antiquated and tedious, due in part to the limited types of accounts available from the company’s traditional banking partner. When it came to managing cash, Alejandro was constantly balancing the desire to maximize earnings with the need to maintain liquidity and pay bills on time. To earn a return, Alejandro had to lock away idle cash in a savings account. But without quick access to cash, Alejandro was constantly forced to shuffle money between savings and operating accounts to ensure he could pay his vendors on time.
Transferring cash from one account to another wasn’t just a complex manual process — it was also a slow one. Under the status quo, Alejandro needed to closely manage his payments calendar to make sure he could remit payment with enough time to fix any issues
the REsults
More effective planning, time and money saved, and less stress
Funny enough, Alejandro was initially hesitant to start using Ramp Treasury. “It’s not that I didn’t trust Ramp, but more like, why would I bother with another account?” he says.
“Things were working, more or less, and every single tech implementation I’ve ever had is gruesome. I’m so glad I gave it a try though! I had it up and running the day I opened the account,” says Alejandro. “It really is everything it was promised to be.”
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