Case Study: ION Geophysical achieves automated cash visibility and 1/2 FTE weekly savings with Coupa Software (Coupa Treasury)

ION Geophysical Digitizes and Automates Cash Management to Achieve Enormous Savings and Efficiency Gains

ION Geophysical, a Houston-based oil and gas technology firm with about 500 employees and more than 25 legal entities across 15+ countries, faced fragmented treasury operations and poor cash visibility. The decentralized accounts payable structure and an outdated system forced the treasury team to log into many bank portals twice weekly, spending 4–5 hours per report to consolidate prior-day cash positions and transaction data.

ION implemented Coupa Treasury (with SWIFT MT940 reporting) as a cloud-based, subscription solution with a dedicated implementation manager, centralizing bank feeds and automating extraction, consolidation, and transaction mapping. The rollout was completed on time and on budget, delivering real-time, accurate cash visibility, cutting manual work by the equivalent of 1/2 FTE per week, and freeing the team to focus on higher-value financial decisions and optimized liquidity management.

ION Geophysical

Opal Desaire

Former Treasury Manager