Peab

Let Robots do the Treasury Job

Swedish construction group Peab benefits from more structure and quality and better cash flow by using Robotic Process Automation, RPA, in the treasury organisation. CORE Process made it possible by implementing the Coupa Treasury management system.

Why the Peab Group needed automation within treasury?

The finance department of Peab handles more than 1 000 guarantees every month to its about 40 different subsidiaries. For this service, it charges the subsidiaries a fee. This was an extensive effort for the treasury organisation each month. Too extensive for a human. Therefore, Peab could only charge its subsidiaries quarterly for this service. It took time and resources from the treasury organisation’s strategic tasks.

How did CORE Process and Coupa step in to help?

Today, this repetitive and time-consuming task of handling guarantees is administered by Roberta: a super effective and safe robot working with the treasury management system Coupa Treasury. Platforms like Coupa Treasury that provide you with digital information fast and easy are a prerequisite for using RPA. Here, CORE Process’ implementation of Coupa Treasury made the transition to RPA within the treasury organisation possible. Roberta works directly with Coupa´s TMS solution and could not handle its tasks without the treasury management system.

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Without these platforms in place, you don’t stand a chance to go further in your digital transformation journey.

Åsa Nimmervoll, system manager, Peab

Visibility & Transparency

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bank transactions and
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Freeing time for value-adding strategic work

Using RPA, Robotic Process Automation, is not a matter of reducing the workforce. The business benefits are about releasing time for more qualified and value-adding tasks. Peab currently has three different robots, working in about 30 applications. It saves the team about 400 working hours per month. Moreover, with the robot handling the guarantees, Peab improves its cash flow.

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We have more structure and quality in the process now.

Åsa Nimmervoll, system manager, Peab

As a Coupa partner 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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