The Living Co.

Before Ripple Treasury, The Living Co’s treasury operations relied heavily on manual Excel spreadsheets for data storage and reporting. This approach created several pain points:

• Data integrity risks: Manual processes made it easy to lose or corrupt critical financial data
• Inefficient month-end processes: The accounting team managed borrowing schedules and related tasks manually, consuming significant time and resources
• Limited treasury functionality: The acquired company had no dedicated treasury function, relying instead on external management that limited visibility and control

The Living Co implemented Ripple Treasury across their operations, with a particularly aggressive timeline for integrating newly acquired divisions. Despite the ambitious six-week implementation schedule for the general conversion, the project became achievable thanks to Ripple Treasury’s efficient implementation process and the support of their implementation team.

Rapid Implementation with Aggressive Timelines

The implementation team delivered results quickly, making the six-week deadline practical and achievable. All setup was completed efficiently, with the first real go-live test scheduled for September month-end.

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Enhanced Data Quality and Audit Readiness

Ripple Treasury significantly improved The Living Co’s audit processes:

• Mark-to-market reports serve as accepted evidence for auditors
• Month-end reports are easily generated and saved for each period
• Auditors accept Ripple Treasury documentation without dispute
• Straightforward report generation simplifies responses to auditor inquiries

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Streamlined Month-End Processes

The treasury team now completes month-end activities in approximately half a day, including:

• Data quality validation
• Report generation
• Exporting to their accounting system (TechOne and Netsuite)

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Throughout the month, the team enters all relevant details into Ripple Treasury, confirms accuracy, and exports everything to their accounting system on the first business day of each month.

Improved Collaboration Between Treasury and Finance

Ripple Treasury has enhanced cooperation between internal teams, providing a centralized platform for data entry, validation, and reporting that facilitates seamless communication and information sharing.

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Flexibility for Acquisitions

When integrating the newly acquired company, which had no prior treasury function, Ripple Treasury provided:

• Easy onboarding for team members new to treasury operations
• User access controls allowing team members to explore the system at their own pace
• High-level introduction to treasury concepts and workflows
• Simple approval processes for payment workflows

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The Living Co continues to expand their use of Ripple Treasury, with particular interest in:

• Cash flow forecasting: Leveraging Ripple Treasury’s event diary and forecasting capabilities for daily operations
• Liquidity measurement: Enhanced cash visibility and management tools
• System customization: Working with Ripple Treasury to align advanced features with their specific business requirements

"The implementation is quite useful—they are very helpful," notes the The Living Co treasury team. "It's very easy and straightforward to retrieve the reports."

Ripple Treasury’s combination of rapid implementation, data integrity, and flexibility has enabled The Living Co to modernize their treasury operations while integrating new divisions. The system's robust reporting capabilities have transformed what was once a manual, time-consuming process into an efficient, audit-ready operation that scales with business growth.