THE CHALLENGE
Slow reporting, manual work, and long closing cycles
Mondu is a fast-growing B2B payments fintech on a mission to modernize B2B transactions. Founded in 2021, the company has secured over $120 million in funding, launched products across six markets, and today employs more than 100 people across Berlin, London, and Amsterdam. Its founders set out to bring the seamless experience of B2C payments into the B2B world, empowering thousands of merchants and buyers.
As CFO Quiron Cunha explains, finance needed to keep pace with Mondu’s rapid expansion. With several bank partners and accounts spread across geographies, visibility was poor. The team relied on Excel spreadsheets, manually downloading statements and classifying transactions by hand.
This not only consumed significant resources but also meant it could take up to a full day just to understand the company’s cash position. Closing the books could stretch to 30 days, limiting the team’s ability to add strategic value. These two pressure points — one-day reporting delays and long accounting cycles — triggered the search for a new solution.
"It used to take me a full day just to see our cash position," Quiron says. "If I don’t know how much money is available or what’s coming tomorrow, it’s really hard to steer the business."
THE SOLUTION
Connecting all financial partners and NetSuite in one platform
Mondu set out to find a treasury solution that was fast to implement, offered proven bank connectivity, and integrated seamlessly with NetSuite.
Robust coverage was essential — many tools promise integrations, but often with gaps that force teams back into manual work. As Quiron notes, open banking–based solutions can sometimes look good on paper but fail to deliver reliable connections in practice. What mattered most was confidence that all of Mondu’s financial partners could be connected and supported from day one.
Atlar met these requirements while providing a clean, intuitive interface. Just as importantly, Atlar’s team took the lead in coordinating with banks and partners, ensuring Mondu’s implementation stayed on track without draining internal resources. The smooth rollout gave Mondu confidence they could scale without adding headcount or losing control.
"What surprised me most was the support from Atlar during implementation," adds Quiron. "They communicated with all our partners, drove the project, and kept the workload on our side minimal."
With Atlar, Aiven connected its global banking structure to a single source of truth integrated directly with NetSuite. The implementation was fast and collaborative, with Atlar’s team coordinating directly with Aiven’s banks and troubleshooting issues along the way. As a result, Aiven was able to go live quickly.
THE RESULT
Faster insights, streamlined operations, and a finance team freed for strategy
Since adopting Atlar, Mondu’s finance team has replaced spreadsheets with a consolidated, real-time dashboard. The CFO and treasury team can now see cash positions across all accounts instantly, rather than waiting until the next day.
Automated bank statement processing into NetSuite has shortened month-end close and removed repetitive booking work. Payment preparation and approvals are now centralized in Atlar, improving compliance and removing the need to log into multiple banks.
As a result, the finance team has freed up time to focus on higher-value work: negotiating better payment terms, onboarding new projects, and supporting Mondu’s expansion.
The transformation also underscores Quiron’s vision of finance as a strategic driver, not just an operational function. With Atlar, the team has the tools and time to shape strategy and help the business grow.
"Now we finally have time to breathe," says Quiron. "Instead of being overwhelmed by operations, our team can focus on strategic projects and contribute directly to Mondu’s growth."
See how finance teams like Mondu are transforming treasury with Atlar. Get in touch.
