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Global Cash Visibility & Working Capital Transformation

Bodycote moved treasury operations in-house, using Coupa to consolidate ~200 bank accounts and automate payments, gaining real-time data for proactive liquidity and FX management.

Company Overview

Global provider of heat treatment and thermal processing services operating across numerous countries.

Headquarters

United Kingdom

Employees

4,000+

Website
https://www.bodycote.com

Value as a service

200
bank accounts managed
100
operating entities consolidated
60+
finance users on platform

Challenge

Cash data was fragmented across multiple banking portals.

Manual, file-based steps slowed payment and settlement workflows.

Lack of real-time visibility made global liquidity coordination difficult.

Admin tasks like statement retrieval consumed finance capacity.

Solution

Results

Achieved real-time visibility across 200 accounts and 100 entities.

Automated FX booking and settlement across 24 currency pairs.

Streamlined SAP-to-bank payments by removing manual file uploads.

Integrated AP pipelines for more precise cash outflow forecasting.

"The project delivered meaningful operational improvements and was recognized internally with the Bodycote CFO Award as a model of finance-driven innovation."

— Bodycote CFO Award Selection Committee

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