Case Study: The Adecco Group achieves disciplined, cost-saving intercompany netting with GTreasury

The Adecco Group saves $100K per month with GTreasury

The Adecco Group, a major global staffing agency, faced challenges with its intercompany payment processes, which lacked discipline and structure, leading to delays and a lack of formal oversight. Additionally, the company was incurring significant foreign exchange costs when viewed across its entire organization. To address this, they turned to GTreasury and its Ripple Treasury Netting solution.

By implementing GTreasury's netting solution, The Adecco Group established a disciplined, routine process for intercompany settlements. The solution's API connectivity allowed for efficient integration and widespread adoption. This resulted in an estimated savings of $100,000 per month on reduced bank and FX fees, while also providing greater visibility, improved risk management, and operational efficiency across its global entities.

The Adecco Group