Clara and Deloitte Announce Alliance to Boost Corporate Financial Control Through Digital Tools

Mexico City, January 16, 2024.- Clara, the digital solution that lets companies make and manage all their payments, announced an alliance with global consulting firm Deloitte so that companies across industries can increase their adoption of technology solutions and reach higher levels of financial optimization, along with greater agility in accounting and audit processes.

“Our broad operational innovation has allowed us to evolve from offering corporate cards and expense control to becoming an integrated payments management and invoice automation platform. That is why our relationship with Deloitte gives us the opportunity to bring more companies a complete solution that automates and controls financial and tax processes,” said Youmna Harb, Country Manager at Clara.

Jon-Fredrik Stryker, partner in charge of Treasury Transformation Services at Deloitte, said that “today’s context demands technology solutions that not only allow companies to grow sustainably and reach optimal profitability levels, but also give them the ability to operate with greater clarity and financial agility. This alliance between Clara and Deloitte represents a combination of innovation and optimization that drives strategic change not only in finance, but across the organization.”

Through this alliance, Deloitte clients will have access to a comprehensive solution at no cost that, among other functions, lets them recover and reconcile invoices automatically, which translates into more efficient accounting and audit processes; improve cash flows by letting them decide whether or not to finance their payments; and integrate Clara’s platform with ERP systems, where Deloitte is a strategic partner with highly trained teams to carry out these implementations.

Today, more than 12,000 companies across industries benefit from Clara’s payments platform, including airlines, banks, entertainment, food and supply chain companies, to name a few.

About Clara

Clara is the leading Latin American solution for companies to make and manage all their payments. Its platform includes corporate credit cards, invoice payments and real-time expense management software.

Founded in 2020, Clara operates in Brazil, Colombia and Mexico. As a Latin American multinational, it has secured investments from some of the region’s most strategic capital funds, including monashees, Kaszek and Canary, as well as global investors such as GGV, Coatue, DST Global Partners, ICONIQ Growth, General Catalyst and Goldman Sachs.

Clara’s mission is to empower companies to operate with agility and clarity, helping them become more efficient and less bureaucratic through a platform that supports every payment method integrated into its innovative expense management solution.

To learn more about Clara’s products and solutions, visit clara.com.

About Deloitte

The challenges facing corporate treasury are increasingly varied. Treasury teams must manage enterprise-wide risks, global regulations, operational tasks and strategic analysis while meeting compliance requirements, all with limited staff and budget.

Today, CFOs require their treasury departments to evolve from an operational focus to a largely strategic one. Treasury must act as a strategic advisor to boards and contribute ideas on the company’s best practices.

To drive strategic, informed decisions that fuel growth and shape the future of treasury, finance leaders must transform their treasury operating model. That means adopting a focus on people, processes and technology to stay ahead of current, emerging and strategic challenges.

Implementing technology tools can improve the efficiency and reliability of an organization’s financial processes. By automating processes and eliminating human error and manual tasks, companies can reduce operating costs and increase treasury management efficiency.

For treasury transformation, Deloitte Treasury Advisory Services has specialists with extensive experience in treasury professional services, financial risk, treasury technology tools and liquidity structure implementation. Deloitte has a multidisciplinary team capable of helping companies evolve and build an integrated vision focused on people, strategy, tools and technology.

To learn more about Deloitte’s professional services, visit https://www2.deloitte.com/mx/es/pages/audit/solutions/global-treasury-services.html.