Case Study: Eaton Corporation achieves improved settlement efficiency and $50K/month process savings with GTreasury

Improving Settlement efficiency at Eaton trough Global Netting

Eaton Corporation needed to improve settlement efficiency across a complex global intercompany network — more than 600 ledgers, 15 pools, 350+ users across 45 countries and 16 currencies handling ~75,000 invoices in March 2012. To centralize and streamline netting and FX settlement, Eaton deployed a hosted global netting platform from GTreasury (an ASP netting solution) to replace its legacy setup and enable easier setup management, flexible reporting, and the option to switch between payables- and receivables-based netting.

GTreasury’s upgraded netting platform (implemented May 2011) provided ERP interfaces, centralized netting pools, FX netting and automated settlement workflows, reducing treasury process effort to about 1.5 mandays per month and delivering an estimated $50,000 per month in process savings (settlement fees and operational efficiencies). The GTreasury solution now supports multi-currency pooling and is kept current via the ASP model, and Eaton is expanding the program (adding countries and moving toward A/R–A/P matching) to capture further benefits.

Eaton Corporation