EuroNetting
1 Case Studies
A EuroNetting Case Study
Leading Global Logistics Provider, a top freight forwarding and contract logistics company operating in more than 100 countries, needed a better way to manage intercompany cash flows. In 2005, the company turned to EuroNetting for a multilateral netting solution after struggling with large volumes of intercompany payments, manual data handling, and the need for a more scalable and customizable treasury management process.
EuroNetting implemented the multilateral netting operation by setting up data collection, defining entities and currencies, building import/export interfaces and reports, and testing the process end to end. The result was a centralized netting center that improved efficiencies, simplified reconciliation and reporting, reduced international payments and FX exposure, and cut FX costs by approximately 70% while supporting the client for more than 15 years.
Leading Global Logistics Provider