Save the Children
Save the Children Manages Its Global Cash Flow with Coupa
Value as a Service
Global Banking Partners Managed
Transactions Each Month
Visibility into 500 Global Accounts
Challenges
A need for better control of cash flow in local countries to guarantee adequate funds centrally during unexpected humanitarian crises.
No standard reporting or payment process for its 120+ global banking partners in over 60 countries, leading to a lack of financial visibility.
The use of different banking systems resulted in time-consuming manual data collection and inaccurate liquidity reporting.
Solutions
Coupa Treasury
Coupa Pay
StoneX Payhub
Results
Achieving 90% of accounts reporting directly into Coupa Treasury, and a further 10% being processed via StoneX, which converts non-standard statements into MT940 format for quick upload.
Standardizing the payment process by linking local entity payments into Coupa Treasury and approving them centrally before being routed to local banking partners to be executed locally.
Using one platform to streamline spend management, resulting in a central, real-time database for the non-profit’s global cash flow.
