Case Study: Primetals Technologies achieves centralized treasury, seven-figure interest gains and AI-driven fraud prevention with Coupa Software

Primetals Completely Revamps Financials with Coupa Treasury

Primetals Technologies, a global leader in steel engineering formed in 2015, faced the urgent task of building a standalone treasury from scratch after a joint venture—starting with one employee, no systems, no bank accounts and thousands of FX trades to process. The company needed a centralized cash-management model, better intercompany clearing and FX control, fewer bank formats/accounts, and a fast implementation to meet tight post-merger timelines.

By deploying Coupa Treasury in a rapid six-week rollout, Primetals established POBO/ROBO group cash management and a payment factory with multi-bank support and a 360T FX interface. The result: full cash and FX visibility, closure of 100+ bank accounts and consolidation to three core banks, estimated seven-figure interest gains, AI-driven fraud screening for 200,000+ payments a year, and a treasury team grown to 10 that is more independent, agile and data-driven.

Primetals Technologies

Jeremy Hamon

Head of Group Treasury