Case Study: Richardson Electronics achieves global cash visibility and payments automation with GTreasury

Richardson Electronics streamlines treasury across 30+ countries with GTreasury

Richardson Electronics, a multinational distributor of electronic components, faced challenges in managing its global treasury operations due to a lack of centralized control and transparency. Using manual reporting and disparate systems, the small treasury team needed a secure platform to gain visibility over cash and create a global payment factory. They selected GTreasury (then called Ripple Treasury) as their treasury management solution.

The implementation of GTreasury provided centralized cash visibility and control, and served as a global payment factory for US and European operations. Key results included streamlined compliance with US FBAR regulations, elimination of manual reporting, and the establishment of a platform for future global rollout. GTreasury's flexible solution also automated foreign exchange rate triangulation, saving considerable manual effort and setting the stage for ongoing cost savings through bank account consolidation and payment automation.

Richardson Electronics