How Allocations reconciled millions without spreadsheets

About Allocations

Fintech infrastructure for fund flows

Allocations moves and tracks complex fund flows for its customers across multiple accounts and entities. As volumes grew, spreadsheet reconciliation became the bottleneck — slow, error-prone and impossible to audit. A single mismatched entry could freeze reporting for days while analysts hunted the difference line by line. The company needed banking infrastructure with a real ledger, not another dashboard on top of chaos.

Challenges

Spreadsheets do not scale

Before Nexora, month-end meant days of manual matching across accounts, with discrepancies discovered late and explained slower. Investor reporting slipped every quarter. With accounts, ledgers and transfers on one banking platform, Allocations reconciles continuously — discrepancies surface the same day with a full trail, and month-end closes in hours.

Outcomes

What changed

• Every transaction settles against one ledger, so breaks are caught the same day, not at month-end.
• Investor and management reporting pulls from live data instead of week-old spreadsheets.
• Audit preparation dropped from weeks of gathering to exporting trails that already exist.

“Nexora turned reconciliation from our biggest risk into something we never think about.”

Founder — Allocations