Case Study: SPIE centralises guarantee management and saves time with Finance Active's Fairways Guarantees

SPIE Centralises the Management of Nearly 16,500 Guarantees

SPIE, the European leader in multi-technical services for energy and communications, needed a better way to manage nearly 16,500 guarantees across a fast-growing, acquisition-driven organization. Its legacy tool had become obsolete, was difficult to maintain, and could not keep up with SaaS, security, or the frequent reporting requirements that followed SPIE’s IPO. Finance Active was brought in to address these guarantee management challenges with its Fairways Guarantees solution.

Finance Active implemented Fairways Guarantees to centralize SPIE’s guarantee data, migrate about 12,000 existing guarantees without information loss, and support the integration of newly acquired subsidiaries. The result was faster real-time reporting, greater user autonomy, and improved checks on outgoing guarantees, helping SPIE save time and better control complex operations such as bank fees and guarantee releases.

SPIE

Theophile Halley

Treasury and Finance Director