Primetals Technologies

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Primetals Technologies

Primetals Completely Revamps Financials with Coupa Treasury

Primetals leverages Coupa Treasury to gain visibility and flexibility, reduce risk, and simplify banking through building a comprehensive treasury system from the ground up.

Company Overview
Primetals Technologies provides metals producers with cutting-edge, custom-tailored plant equipment and services.
Headquarters
London, England
Employees
5,000-10,000
 

Value as a Service

1

New Treasury System Built

6

Weeks to Full Implementation

200,000

Payments Analyzed Yearly

Challenge

Had to build a treasury system from scratch.

Needed group-wide cash management using POBO and ROBO models.

Intercompany clearing, financing, and FX trading needed optimizing.

Needed to reduce number of bank accounts and payment formats.

Solution

Result

Good UX sped adoption rates and optimized the post-merger integration process.

Interest gains from optimizing bank partners are estimated in the seven-figure range.

AI analysis reduces risk of fraud for more than 200,000 payments a year.

"You can’t have good risk management without good cash management."

Jeremy Hamon, Head of Group Finance