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Multinational Logistics Giant
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Transportation & Logistics
14 months

Multinational Logistics Giant

A Fortune 500 logistics company transformed its decentralized treasury into a strategic value center, unlocking significant liquidity and reducing operational risk.

Client Background

The company grew through acquisitions, resulting in a patchwork of 200+ bank accounts across 40 banks. Local subsidiaries held significant idle cash while the HQ borrowed to fund dividends and buybacks. FX risk was managed locally, leading to natural hedges being missed.

Challenge

The CFO had no real-time view of global cash. It took 5 days to compile a cash position report. Cash was 'trapped' in regulated jurisdictions due to inefficient intercompany loan structures. FX losses were impacting earnings per share (EPS) predictability.

Solution

1Treasury target operating model (TOM) design
2Banking partner rationalization (RFP)
3In-House Bank (IHB) & Payment Factory setup
4Treasury Management System (TMS) implementation
5Cash pooling & netting structure

Implementation Process

Design & Selection

4 months
  • Designed IHB structure and tax validation
  • Selected 2 core global banking partners (down from 40)
  • Selected Kyriba as the TMS provider
  • Defined new treasury policies and delegation of authority

Build & Connect

6 months
  • Configured TMS and SWIFT connectivity
  • Opened new header accounts for cash pooling
  • Established intercompany lending agreements
  • Built automated FX hedging workflow

Rollout & Optimization

4 months
  • Onboarded 50+ countries in waves
  • Activated payment on behalf of (POBO) / collection on behalf of (COBO)
  • Trained regional finance teams
  • Decommissioned legacy bank accounts

Project Outcomes

Liquidity Management

Achieved 100% visibility of global cash and mobilized idle balances.

Cash Visibility
65% (T+5)98% (Real-time)
+Total control
Idle Cash
$500M$150M
+$350M mobilized
Internal Funding
20%85%
+Reduced external debt

Operational Efficiency

Streamlined banking operations and reduced transaction costs.

Bank Accounts
200+45
+Simplification
Payments
Manual/LocalCentralized Factory
+Standardization
Blue Cedarwood transformed our treasury from a back-office processing function into a strategic powerhouse. The liquidity we unlocked funded our entire dividend program this year without drawing on our revolver.
Sarah Chen/Group Treasurer, Multinational Logistics Giant

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