Key takeaways
- Altor-backed F24 has chosen Atlar's AI-native platform to bring eight banks across ten countries into one place.
- F24's cash management, payments across every entity including payroll, forecasting, and debt management now all connected to NetSuite, the group's ERP.
- Atlar's AI agents handle daily monitoring, assembling the group's cash position and payments for the team to review rather than build.
Altor-backed F24, Europe's leading SaaS provider for business resilience, has chosen Atlar's AI-native platform to bring eight banks across ten countries into one place, with cash management, payments, and forecasting connected to NetSuite.
When resilience is the product
F24 has spent 25 years making sure the right people are reached the moment something goes wrong. Founded in Munich in 2000, it is Europe's leading SaaS provider for business resilience, covering crisis and incident management, emergency and mass notification, and business messaging through its FACT24 and eCall products.
More than 5,500 customers in over 100 countries rely on F24, including half of the DAX 40 and 42 percent of the STOXX Europe 50, across sectors where downtime is not an option: energy, healthcare, aviation, finance, transport, and the public sector. In 2024, private equity firm Altor acquired a majority stake in F24 to accelerate its growth on all fronts globally.
One group, eight banks, ten countries
Like many private-equity-owned companies, F24 has grown through a series of acquisitions, each one bringing new banks and entities for the finance team to fold in. By the time anyone looked across the group, F24 held accounts at eight banks in ten countries, its cash spread across local accounts and none of the banks connected to NetSuite, the group's ERP.
It tested the approach on a single bank first, wiring one into NetSuite through Atlar earlier this year. That went well, so in July the company committed to Atlar for the whole group, adding cash management, multi-entity payments including payroll, cash flow forecasting, and debt management.
Atlar's AI agents handle the daily monitoring, assembling the group's cash position and the day's payments for the team to review rather than build. The connections are Atlar's own and stay live, so F24 sees the whole group's cash in one place and runs payments with the approvals a group that size needs.
To be sure, this is the sort of visibility and control a private equity owner values across its holdings. Adding a bank stays quick, so the PE-backed group can keep growing without rebuilding the finance side each time.
What the team says
"Given our growth, cash management has been on our agenda for some time, but no single tool ever covered all of our banks and entities at once. Atlar was the first setup where we could see one solution working across the whole group, with real-time visibility of our cash across every entity." — Dr. Tobias Lohse, CFO at F24
We're proud to welcome F24 to Atlar, and to support its team as the group grows.
Interested in seeing why multi-entity, PE-backed companies like F24 choose Atlar? Book a demo or get in touch with our team.
