Case Study: Peak Toolworks achieves faster, more accurate cash forecasting with GTreasury

Peak Toolworks cuts cash forecast creation from 5 hours to 1 with GTreasury

Peak Toolworks, a manufacturer of saw blades and cutting tools, faced significant inefficiencies in its treasury operations. The team relied on manual, Excel-based processes to create a 13-week cash flow forecast and a daily cash flash report, consuming up to five hours per week for reconciliation and leaving room for error. Seeking a cloud-based platform to automate these tasks, the company turned to GTreasury and its solution, Ripple Treasury.

By implementing GTreasury's Ripple Treasury platform, Peak Toolworks automated its cash data collection and reporting. This reduced the weekly cash forecasting process from five hours to just one hour, allowing the forecast to be completed on the first business day instead of the fourth. The solution also fully automated the daily cash flash report, providing real-time, accurate cash visibility. These improvements centralized reporting across over 30 entities, enhanced forecast accuracy, and supported better liquidity management and decision-making.

Peak Toolworks