Case Study: Biesterfeld achieves global cash visibility with Coupa Software

Biesterfeld gains 95% better cash visibility with Coupa

The Biesterfeld Group, a leading distributor of plastics and specialty chemicals, faced significant challenges due to its decentralized treasury system. With operations in over 50 countries, the company had minimal visibility into its global cash flow and was burdened by time-consuming manual processes and a costly number of banking groups. To address this, Biesterfeld turned to Coupa for its treasury management solutions.

By implementing Coupa's centralized treasury platform, Biesterfeld consolidated its financial data and processes. This solution provided 95% better cash and supplier visibility, automated daily tasks to save the treasury team over three hours each day, and reduced the number of banking groups by 70%. Coupa's system also enhanced fraud prevention and gave the team greater confidence in payment processes.

Biesterfeld Group