Case Study
Client: Major Retailer
Location: Houston, Texas
Challenge:
- Current state had siloed and inefficient process that were mostly manual
- Lack of global cash visibility
- Needed to consolidate banking relationships to reduce cost
- Ensure scalability as more assets were acquired
Solution:
- Provide detailed business process reviews of their current processes to create a gap analysis
- Designed optimized future state solutions fit for purpose
- Liaised with banking partners to design a bank rationalization project
- Put a scalable system stack in place to accommodate growth
- Implemented a Treasury management software that fit the client’s requirements
Result:
- Streamlined process workflows including automation of manual processes
- Successful TMS implementation including improvement in visibility in liquidity, management of intercompany loans, and internal controls
- Established a central HUB for interfaces including ERP, front office, and banking relationships using the TMS
- Created a single source of truth for Global Cash Reporting