“Rho has increased the efficiency of our operations. That’s why we use it: the time savings and the efficiency it provides us.” — Nami Baral, Founder and CEO at Niural
What is Niural?
Niural is a comprehensive HR and payroll platform designed to help businesses hire, manage, and pay their global teams efficiently. Operating in over 150 countries, Niural offers an all-in-one solution that uses an agentic AI model to simplify workforce management and payroll for companies of all sizes.
Challenge
Ensuring financial control and transparency in a global HR platform
As an HR and payroll platform with an expansive global footprint, Niural hoped to prioritize innovation and efficiency for its financial operations. To do so, they needed a business banking solution that offered transparency and cash management while also being easy to use.
Prior to partnering with Rho, Niural faced a significant hurdle with existing treasury management solutions. They wanted to:
- Earn yield on cash invested in U.S. Treasury Bills via Rho Treasury
- Achieve true transparency and ownership of financial assets.
- Mitigate risks and enhance security, especially in light of industry-wide financial uncertainties.
However, many competitors’ solutions only provided surface-level treasury management, lacking the transparency and control Niural required. So their team was pleased to learn Rho could deliver on these critical aspects and support their innovative company.
“Rho had a really easy-to-use interface throughout all its functionalities, including credit cards, expense tracking, and treasury capabilities.”
Solution
Streamlining financial operations with Rho's comprehensive business banking platform
With Rho’s integrated business banking platform, Niural addressed its financial management challenges thanks to:
- An intuitive and efficient interface: Rho's customer-focused UI combines corporate credit card functionality, expense management, and prime treasury capabilities, allowing for enhanced financial control and transparency.
- Direct ownership of treasury assets: With Rho's treasury management features, Niural directly owns its U.S. Treasury Bills ensuring greater transparency and security.
- Integrated systems: The integration with accounting systems such as QuickBooks and NetSuite helps streamline their financial operations, enabling efficient transaction synchronization and audit-ready financial reporting.
Managing multiple financial functions within a single platform also saved time and provided a robust, scalable solution that could grow alongside Niural's expanding business needs.
“This is my third startup, and I used Rho at my last company as well, so they were top of mind when I founded Niural. It was a no-brainer.”
Results
Efficiently managing financial operations across the organization
By partnering with Rho, Niural demonstrated improvements in its financial operations:
- 2X More efficient than traditional banking solutions.
- Seamless integration with accounting systems like QuickBooks and NetSuite.
Rho helped Niural streamline its workflow, enhance productivity, and reduce administrative overhead. With greater financial transparency and control, they’ve also reduced risk exposure.
Looking ahead, Niural plans to leverage Rho's advanced reporting tools for deeper integration with its HR systems and continue to expand into new markets.
“Rho has just done a lot of things to create an infrastructure that works when you are small but especially works as you grow. So, if you want a platform that will grow with you, Rho is the right choice.”
Testimonials reflect individual customer experiences and opinions and are provided for illustrative purposes. There is no guarantee that your Rho experience will be the same and results may vary.
1Rho is a fintech company, not a bank. Checking account and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.
2Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC-insured. Investments are not bank guaranteed, and may lose value. Investment products involve risk and past performance does not guarantee future results. Registration with the SEC does not imply a certain level of skill or training. Treasury and custodial services provided through Apex Clearing Corp. Treasury and custodial services provided through Interactive Brokers LLC for clients with accounts opened prior to July 2024; IBKR rates may vary from Apex rate shown above. The yield may change at any time and without prior notice. Please see the ADV Wrap Fee Brochure for further information regarding fees and Rho Treasury.