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

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Company Overview

Primetals Technologies provides metals producers with cutting-edge, custom-tailored plant equipment and services.

Headquarters

London, England

Employees

5,000 - 10,000

Website

primetals.com

Value as a service

New Treasury System Built

Weeks to Full Implementation

200K

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

Treasury & Cash Management

Results

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