Velcro

Customers / Velcro
Velcro

Velcro achieves 100% global cash visibility with Coupa

Velcro Companies wasn’t realizing the full benefits of an initial treasury management system (TMS), so it fastened its efforts to Coupa Treasury in order to centralize cash management and implement global cash forecasting.
Case Study
Company Overview
Velcro Companies invented hook and loop and created a new category of fasteners that is changing the world every day.
Headquarters
Manchester, New Hampshire, United States
Employees
1,000-5,000
 

Challenge

  • Cash Visibility
  • Manual and Siloed Processes
  • Fragmented Forecasting

Solution

Coupa Treasury

Result

  • 100% Global Cash Visibility
  • Centralized Cash Management Within Seven Months
  • Faster, More Accurate Forecasting
  • Global Debt Reduction
  • Greater Return on Investment in Existing Treasury Technology

"Coupa Treasury has provided Velcro Companies with 100% visibility and control of cash 24/7 – at a critical time during the COVID-19 pandemic."

Marielle Bonani, Senior Treasury Manager, Velcro USA Inc.