Case Study: Intertek Group PLC achieves streamlined intercompany reconciliation and netting readiness with GTreasury

Enabling Accounting Change through Coprocess

Intertek Group PLC, a FTSE 100 Total Quality Assurance company with c.£2bn revenue and 40,000+ employees across 100+ countries, faced a fragmented, acquisitive finance landscape: 14,000+ intercompany invoices a month with no central visibility, many small-value transactions (45–50% under £250), and a growing backlog of missing and mismatched items. To address this, Intertek piloted and then rolled out Coprocess as a central reconciliation and uploads tool, implemented with support from GTreasury.

GTreasury’s deployment of Coprocess (pilot Dec 2014, group rollout Mar 2015, comprehensive dataset by Jun 2015) plus new central rules and master data workstreams gave Intertek a single “true” dataset and stronger group oversight. By May 2016 values and volumes of differences were reduced significantly, missing/mismatching items dropped while matching increased, manual reconciliation effort fell, response quality improved, and the company is positioned to move to central settlement/netting — all driven by GTreasury’s Coprocess-based solution.

Intertek Group PLC

Tom Dunlop

Head of Transformation Projects