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.

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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

Website

https://www.velcro.com/

Challenge

Cash Visibility

Manual and Siloed Processes

Fragmented Forecasting

Solution

Treasury & Cash Management

Results

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.

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Customer

Velcro achieves 100% global cash visibility with Coupa