Case Study: Velcro Companies achieves 100% global cash visibility with Coupa Treasury

Velcro Companies achieves 100% global cash visibility with Coupa

Velcro Companies, a manufacturer of hook and loop fasteners, faced a challenge with fragmented cash forecasting and manual, siloed treasury processes. Their existing treasury management system was not delivering full benefits, prompting them to seek a new solution from vendor Coupa, specifically their Coupa Treasury service.

The solution implemented was Coupa Treasury, which centralized the company's cash management. As a result, Velcro Companies achieved 100% global cash visibility, reduced global debt, and realized a greater return on investment from their existing technology. Coupa delivered these results, including faster and more accurate forecasting, within just seven months.

Velcro Companies