Primetals Technologies

Customers / Primetals Technologies
Industry
Industrial Manufacturing
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.

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

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

Coupa Treasury

Result

Good UX sped up 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

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Resources and Insights

On-Demand Webinars
Global Supply Chains In A Post-Pandemic World
Hear the recent HBR webinar featuring Willy Shih, Professor at Harvard Business School and author of the recent HBR article, “Global Supply Chains in a Post-Pandemic World.”
Watch the Replay
Analyst Reports
2022 Gartner® Magic Quadrant™ for Procure-to-Pay Suites
Learn why Coupa was named a Leader in the 2022 Magic Quadrant™ for Procure-to-Pay Suites.
Read the Report