How StackAdapt saved time and cut back on errors with Nilus

The Challenges

1. Too many banks, too much busywork

For Alex Manoukian, VP of Tax & Treasury at StackAdapt, and his team, just getting started each morning meant wrapping their minds around: 3 banks, 35+ accounts, 2 payment providers, and more.

“Even something as simple as daily positioning can't be done simply by logging into a single bank,” said Manoukian. “Logging into three different bank portals... it all adds up and takes time.”

It was tedious, repetitive work, and it kept them from focusing on more valuable, strategic initiatives.

2. Manual cash positioning files led leadership to question their confidence

“During our review process, we identified a few areas where our internal daily cash positioning files could be refined,” said Manoukian. “It prompted us to take a closer look and ensure we had full confidence in the numbers.”

Relying on spreadsheets for daily cash positioning was not only time-consuming, it also left room for potential human error. It became clear that StackAdapt needed a faster, more reliable solution.

3. Forecasting bottlenecks led to idle cash not being utilized

To forecast cash flow, the StackAdapt team had to pull data from three banks, manually tag each transaction, and feed it into a spreadsheet. The process was so demanding that forecasts only ran once a week.

That inefficiency didn’t just slow things down, it limited how often the team could forecast and, accordingly, the accuracy of the output.

“The time consuming nature of forecasting led us to miss opportunities.” - Alex Manoukian

Without up-to-date projections, StackAdapt’s team played it safe. Parking excess cash in low-yield accounts rather than putting it to better use. It was a conservative approach, and the trade off was in missed potential.

The Solution

Searching for ways to leverage technology to improve, StackAdapt turned to Nilus to transform their treasury operations.

A real time view of 35 accounts in seconds

“I can go in there, and, in a couple seconds, have a real-time view of everything.” - Alex Manoukian

StackAdapt’s entire cash position is now viewable in one real-time dashboard. Leadership no longer needs to wait for reports or worry about data gaps.

Additionally, Manoukian has more trust in the data as the risk of potential errors associated with manual processes have been eliminated.

95% of transactions automatically tagged with AI

Nilus automatically tags over 95% of incoming and outgoing transactions, eliminating hours of repetitive work. What used to take 30 minutes now takes mere seconds, freeing up valuable time for deeper analysis.

Manoukian is particularly pleased with how accurate automated tagging is.

“The tagging is huge. There’s a lot of concern about a machine being able to accurately tag data, and I was skeptical, but we’re at over 95% in just a couple weeks and it’s getting better and better,” said Manoukian.

With automated tagging, StackAdapt is saving significant time updating their budget versus actuals in their cash forecast, allowing the team to shift to more strategic work.

30+ hours saved, strategy gained

“Saving even 6–8 hours a week is significant. That’s time we’re using to move strategic initiatives forward, and I’m seeing it already.” - Alex Manoukian

Manual work is down dramatically for StackAdapt as Nilus automates processes that used to take hours every week. Now, analysts and managers have more time to drive strategic projects.

Less cash buffer, higher returns

With accurate, real-time insight into cash positions and more accurate forecasts, StackAdapt is able to make smarter decisions about where to put cash and when.

"We’re fortunate to be a cash flow-positive organization, but that also means we have a responsibility to put that cash to work efficiently,” said Manoukian. “A tool like Nilus ensures our liquidity isn’t just sitting idle. It helps us make informed decisions on where to deploy funds for the best return."

Nilus helps StackAdapt increase earnings from idle cash.

Ready for the future with an AI driven, strategic, solution

With Nilus, StackAdapt has a partner that will help them grow and evolve with new technology.

As StackAdapt scales, Nilus will scale with them to maintain performance. Manoukian is confident that Nilus will continue to innovate as new possibilities emerge in treasury management.

“Being totally blunt, I’m skeptical about AI, but that’s part of my job to stay open-minded about what is possible. Because if I’m not doing it, our competitors are doing it, and I want to make sure we’re not left behind.” - Alex Manoukian

‍Conclusion

“Before, cash positioning and forecasting were inefficient and manual. Now, we’ve optimized our process and unlocked new opportunities." - Alex Manoukian

With Nilus, StackAdapt replaced time-consuming manual workflows with real-time visibility, AI-powered automation, and trusted forecasting. Treasury operations are now faster, more accurate, and strategically aligned with business goals. What once took hours of repetitive effort now happens automatically, freeing the team to focus on what matters most. As StackAdapt grows, Nilus will continue to evolve with them, delivering the speed, flexibility, and innovation needed to stay ahead.

Want to see how Nilus can transform your treasury operations? Book a product tour.