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“Since implementing Vesto, we’ve automated significant parts of our cash management workflow. We’ve saved 10-15 hours per month in manual reconciliation tasks.”
About
Nimbus Health is a healthcare technology company that acquires and partners with independent medical practices to provide advanced technology solutions and operational support — empowering practices to deliver high-quality patient care while improving efficiency and financial performance.
The Challenge
With its expanding network of US locations, the team at Nimbus Health struggled to efficiently manage cash flows and reconcile bank accounts across multiple entities. Manual processes, including data entry and spreadsheet reconciliation, were time-consuming and prone to errors.
“Before Vesto, our process was manual and time-intensive. It involved pulling data from multiple bank accounts, reconciling transactions in spreadsheets, and cross-referencing entries with our revenue cycle data. This approach was prone to errors and lacked real-time visibility.”
As the company continued to grow, Co-Founder Sharvil Patel, decided to look for a treasury solution in order to streamline their cash positioning & reconciliation process.
”Vesto appealed to us because it addressed a critical pain point in our finance operations—streamlining cash positioning and bank reconciliation. As a growth-stage startup scaling rapidly, we needed a solution that could integrate seamlessly with our existing systems and provide real-time financial insights.”
The Solution
Nimbus Health partnered with Vesto to connect its entire cash footprint across multiple banks and entities, into one simple dashboard.
Within 24 hours of signing with Vesto, the Nimbus team was able to start getting set up and connect their bank accounts.
"The onboarding process was smooth and well-supported. Vesto’s team provided comprehensive documentation and hands-on assistance. It took us <1 week to fully integrate and start seeing the benefits."
From there, the team started using the dashboard for day-to-day tracking and integrated with the Vesto API, in order to start pulling data from Vesto, into their accounting system, BI tools and more.
"Since implementing Vesto, we’ve automated significant parts of our cash management workflow. The API integration allows us to pull transaction data directly into our system, ensuring real-time reconciliation and accuracy. This has allowed us to build custom dashboards for cash flow monitoring, and integrate reconciliation data with our revenue cycle management system."
The Results
With Vesto, the Nimbus team was able to automate hours of manual work, make faster decisions with real-time data, while also reducing the number of manual errors in their cash reporting and reconciliation process.
"The results have been transformative. We’ve seen a significant reduction in errors during reconciliation, gained faster access to financial data, and improved our decision-making around cash flow and liquidity."
Since debuting Vesto, the team has been able to free up a lot of resources, enabling them to focus on more strategic projects and tasks.
"We’ve saved approximately 10-15 hours per month in manual reconciliation tasks. These improvements have enabled the finance team to focus on strategic activities rather than operational bottlenecks."
Nimbus Health and other modern teams switch to Vesto to replace the pain of manual bank logins and spreadsheets for reporting and reconciliation. To see the Vesto dashboard for yourself, book a demo.
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