Velcro

Customers / Velcro
Industry
Process Manufacturing
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
Customer Website
https://www.velcro.com/
 

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.

Related Customers

Primetals Technologies
 
Industrial Manufacturing
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.
View Customer
Lear
 
Industrial Manufacturing
Auto Parts Leader Puts BSM on Auto-Pilot to Drive Success
With customers like Audi and Ferrari, Lear wanted to speed up, streamline, and integrate multiple BSM processes from disparate ERP systems to keep pace with growth. With Coupa's help they managed to automate over $1.5B.
View Customer
Jabil
 
Industrial Manufacturing
Capitalizing on Internal Excellence with Coupa
The world’s leading brands rely on Jabil’s end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights, and global product management expertise.
View Customer

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