How NewFed Mortage Automated Daily Cash Reporting and Unlocked Full Sweep Visibility with Arpari
How NewFed Mortage Automated Daily Cash Reporting and Unlocked Full Sweep Visibility with Arpari
NewFed operates across multiple banking relationships and more than twenty accounts. Manual cash reporting, limited visibility into sweep structures, and dependency on individual team members created operational friction for both finance and accounting. After implementing Arpari, NewFed now has automated daily reporting, reliable sweep visibility, and a system that supports the team even when key people are out. The platform gives leadership a complete view of cash every morning and enables continuous accounting throughout the month.
Impact at a Glance
- Multiple banks and 20+ accounts consolidated into one platform
- Automated daily email reports with cash broken down by bank, entity, and account
- First-time visibility into sweep balances and interest-earning cash
- Leadership receives a consistent, complete liquidity snapshot each morning
- Team resilience increases when someone is out or unavailable
The Challenge: Fragmented Data, Manual Reporting, and Zero Sweep Transparency
NewFed’s finance team handled cash reporting across multiple banks and more than twenty accounts, which required Ana to log into each portal every morning, gather balances, export data, and manually build a report for the CFO and upper management. Although each step was small, the workflow added up to more than an hour of weekly effort and depended entirely on the availability of the person responsible. As a lean team, even one person being out could disrupt daily reporting.
“Every morning I had to log into each bank, check all our accounts, and piece everything together manually. It doesn’t sound like a lot, but it took up real time every single day.”
The accounting team also lacked direct access to bank transactions. They depended on others to retrieve files, which slowed reconciliation and created end-of-month bottlenecks.
“I had to wait for someone to send me the data. I couldn’t just go in and get what I needed.”
A major blind spot came from sweep structures. Several accounts appeared as zero in online banking, even when cash had moved into interest-earning positions overnight. This made it difficult to understand true liquidity or how sweeps were impacting available cash.
“We couldn’t see any of our sweep activity. The portals made it look like nothing was there, so we never really knew our true cash position.”
Each bank delivered data differently — some through files, some through secure transfers, some only manually — making it nearly impossible to maintain a consistent internal reporting process. The result was a growing amount of manual work that still left the team without a complete view of their liquidity.
The Solution: Automated Reporting and Real-Time Visibility in One Platform
Arpari automated NewFed’s daily cash reporting so the team now receives a consistent morning email showing cash by bank, entity, and account, including sweep-adjusted balances that were previously invisible. This eliminated the daily manual process and ensured leadership gets the same high-quality snapshot every day, regardless of who is available.
“The daily email is huge for us. Everyone gets the same snapshot every morning, and we don’t depend on one person to produce it.”
Arpari also became the unified system of record for transaction data. Accounting now has direct, on-demand access to transactions at any point during the month, which allows them to work continuously rather than waiting for month-end file transfers.
“I don’t have to wait until month-end or depend on someone else to export data. I just go into Arpari and it’s all there.”
One of the most transformative improvements came from bringing full sweep visibility into one place. Arpari processes and presents sweep balances and interest-earning positions accurately, giving the team a true picture of total liquidity for the first time.
“For the first time, we can see what’s actually happening with our sweeps. We finally know where the cash is and how it’s moving.”
Behind the scenes, Arpari handled all the complexities of each banking partner’s data — formatting, secure delivery, and manual workflows — so NewFed didn’t need to build or maintain custom processes themselves.
“Once everything was connected, it all just worked. We don’t have to think about the different banks anymore.”