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Reconstructing a Treasury Organization With Digitalisation

The Gunnebo Group, a global safety and security product company, rebuilt its treasury’s foundation with the help of CORE Process and Coupa Treasury.

How did the Gunnebo Group’s treasury evolution begin?

The company was acquired by private equity owners, who commissioned Gunnebo to restructure and establish three new and independent entities: Entrance Control, Safe Storage, and Cash Management. Gunnebo also closed treasury operations in Switzerland, moving its business back to Sweden. When the acquisition began, Gunnebo’s local setup couldn’t scale to meet the needs of the acquisition, or access the system from other business units and countries. This meant its treasury structure had to be digitalised from end to end —while keeping business moving. The team was on a tight timeline of 15 months.

How did CORE Process and Coupa Treasury step in to help?

The partnership provided an innovative digital structure that increased Gunnebo’s cash flow and global platform diversity. From a project management standpoint, automation sped up tedious tasks and improved accuracy.

This freed up its team’s resources, giving them more flexibility across treasury management, and the ability to focus on the treasury transition—in real time. Week by week, Gunnebo’s team had a handle on the process, and the right people with the right skills were onboard to assist with digitalisation. This also set up Gunnebo with a strong platform for future growth.

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We have now proven that it is possible to deliver a project like this during the year.

Åke Bengtsson, CFO, Gunnebo Group

Visibility & Transparency

Plan, forecast, and
bank transactions and
cash flow worldwide.

Ease of Use

Accessibility at any
location with an open,
web-based system.

Advisory & Insight

Meet with and get
guidance on all levels from
a team of fintech experts.

Manage treasury processes strategically.

Gunnebo’s team now completes day-to-day duties with more efficiency. A fully integrated, end-to-end system gives the company global visibility of all its entities through secure access points, from desktop to mobile.
Coupa Treasury connects directly to Gunnebo’s new bank partner, and seamlessly links the group in its new digital arena. With the support of a platform that meets all corporate treasury requirements, and updates in real time for a full overview of resources, the team can plan, forecast, and manage cash more efficiently.

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We needed a partner who were able to scale up and make a lot of things happen in a short period of time. I found that in Core Process and the Coupa Treasury system.

Åke Bengtsson, CFO, Gunnebo Group

As a partner to Coupa and certified Coupa Treasury consultants, CORE Process offers clients a unique combination of finance and business solutions. Coupa Treasury is the perfect tool to facilitate and streamline treasury processes, and therefore used in most CORE Process projects and treasury services.

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