Case Study: CEVA Logistics achieves $100M in idle cash mobilized with GTreasury

CEVA Logistics unlocks $100M in idle cash with GTreasury

CEVA Logistics, a global logistics and supply chain firm, faced a critical lack of cash visibility across its 1,100 worldwide bank accounts and 150 business entities. This multi-currency environment made accurate cash forecasting and liquidity management nearly impossible, forcing the treasury team to rely on error-prone spreadsheets and putting the business at risk. They turned to the vendor GTreasury, implementing its solution Ripple Treasury as part of a major cash flow management transformation project.

The solution from GTreasury provided CEVA Logistics with 100% real-time cash visibility and an automated 13-week rolling forecast model across 40+ key entities. This allowed the treasury team to identify, centralize, and mobilize $100 million in idle cash to fund working capital and repay debt. Furthermore, GTreasury enabled enhanced foreign exchange management and freed the team from manual tasks, allowing a shift to strategic higher-value activities. The project's success was recognized with a 2021 TMI award for Best Cash Visibility Solution.

CEVA Logistics