GTreasury customers Keurig Dr Pepper and Micro Focus win

Keurig Dr Pepper’s FX Solution and Micro Focus’ In-house Banking and Cashless Clearing Named Highly Recommended Winners by Treasury Today

CHICAGO, May 31, 2022 (GLOBE NEWSWIRE) — GTreasury, a treasury and risk management platform provider, today announced that customers Keurig Dr Pepper (KDP) and Micro Focus have been named Highly Commended Winners of the Awards Treasury Today’s Adam Smith 2022, an industry benchmark for corporate treasury success.

KDP, one of the world’s largest beverage companies, was honored in the Best exchange solution Category. Micro Focus, one of the largest enterprise software vendors in the world, has distinguished itself as Best Transaction Management Solution selection. Both companies use GTreasury’s integrated cloud ecosystem to help deliver the transformative solutions that have earned their respective awards.

KDP chose GTreasury to replace its manual Excel-based FX workflow with a more modern and automated solution. The company completed hundreds of foreign exchange transactions each year in seven countries and seven currencies – a process that required manually logging into multiple banking platforms and filling out payment templates. KDP solved this problem by implementing GTreasury’s platform and FX workflow automation across its business. GTreasury helped add feeds providing real-time market data and automatic valuations for KDP’s FX trades, and integrated the multiple instances of the SAP ERP system and the company’s global business units to create a workflow Transparent and comprehensive automated FX. GTreasury’s solution fully automated FX settlement payments and multiplied KDP’s FX business and efficiency.

“Our GTreasury-enabled FX automation solution has truly transformed our efficiency and our entire approach to FX,” said Félix-Antoine Marchildon, Senior Director of Treasury, Keurig Dr Pepper. “We doubled our currency trading volume while introducing hedge accounting and balance sheet hedging. Thanks to the scalability of GTreasury, we were able to achieve this without additional burden on our treasury team, and we will support the growth of our business with the same confidence in the future. On behalf of our Treasury team, it is an honor to have this work recognized by Treasury Today.

Micro Focus turned to the GTreasury platform to extend its personalized in-house bank across its entire business and to introduce a cashless clearing solution. GTreasury’s automation and connectivity capabilities enabled a new in-house bank to optimize Micro Focus’ cash pooling and cash workflow. GTreasury records transaction activity on internal bank accounts and runs an interest allocation process to calculate and reconcile interest due to (and from) corporate subsidiaries each month. This comprehensive B2B cashless clearing solution includes close coordination with ERP functionality. The solution effectively concentrates liquidity at the top of the house and facilitates the deployment of capital to meet the company’s ongoing financing needs. Micro Focus now has over 10,000 rules programmed into GTreasury to track internal banking activity and cash accounting, achieving over 90% cash automation across the enterprise.

“GTreasury saves our treasury team the time needed to replenish funds for our clearing flows that had been dispersed across our business through cash settlements,” said Christopher Swiss, group treasurer at Micro Focus. “With GTreasury’s cashless clearing solution, our processes are automated and our cash is invested efficiently, resulting in a clear return on investment.”

“Keurig Dr Pepper and Micro Focus are well-deserved winners of this year’s Adam Smith Awards,” said Robin Heller, chief customer officer at GTreasury. “Both companies are purposeful and strategic in how they have built their treasury infrastructure not just for now, but for the future. We congratulate both companies on their treasury achievements and look forward to continuing to support their modern treasury initiatives. »

About GTreasury

GTreasury is committed to connecting treasury and digital finance operations by providing a world-class SaaS treasury and risk management system and an integrated ecosystem where cash, debt, investments and exposures are managed seamlessly in the office of the chief financial officer. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes over 800 customers and over 30 industries reaching over 160 countries worldwide. Visit GTreasury.com

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