Case Study: Vetropack achieves full visibility and automated intercompany invoice matching with GTreasury

Vetropack boosts intercompany visibility with GTreasury across 11 subsidiaries

Vetropack Holding AG, a Swiss manufacturer of glass packaging, faced a significant challenge in managing its intercompany payments across multiple subsidiaries. The process was manual and cumbersome, relying on spreadsheets and phone calls to reconcile invoices, which created a heavy workload for its corporate accounting team and lacked visibility. The company sought a solution from its vendor, GTreasury.

GTreasury implemented its Ripple Treasury Netting solution, which automated the matching of accounts receivable and payable through an interface with Vetropack's SAP system. This provided subsidiaries with full visibility and an integrated platform to resolve disputes. The solution drastically reduced the workload for the corporate accounting team, increased payment discipline, and provided automated, real-time visibility into all intercompany invoices.

Vetropack Holding AG