Case Study: Velcro Companies achieves 100% global cash visibility and centralized cash management with Coupa Software (Coupa Treasury)

Velcro achieves 100% global cash visibility with Coupa

Velcro Companies, the global maker of VELCRO® brand fasteners, faced fragmented cash management across numerous subsidiaries with locally managed bank accounts. Although a treasury management system (TMS) was implemented in 2018, low local adoption and manual bank reporting left Corporate Treasury without real-time, centralized visibility and consistent forecasting—limiting control over global liquidity.

Under Senior Treasury Manager Marielle Bonani, Velcro fully deployed Coupa Treasury with focused change management, regional coordination, mandatory bank reporting, MT940 automation and a weekly 13‑week bottom-up forecasting process. Within seven months the company achieved 100% global cash visibility, centralized cash management, faster and more accurate forecasts, redeployed cash to reduce global debt during the COVID‑19 crisis, and realized greater ROI from its treasury technology.

Velcro Companies

Marielle Bonani

Senior Treasury Manager