Case Study: Linamar Corporation improves working capital management with ION Treasury

Linamar Corporation - Customer Case Study

Linamar Corporation, a Canadian manufacturing company, faced the challenge of rationalizing its numerous bank accounts and overhauling its disjointed treasury operations. This effort was complicated by a major acquisition, which introduced disparate systems. Needing to improve working capital management across 17 countries, they partnered with ION Treasury and implemented its Reval treasury management system to consolidate and modernize their processes.

ION Treasury delivered a comprehensive solution focused on payments, cash management, and risk management. The implementation was completed in just nine months, despite the ongoing acquisition, resulting in 92% of bank accounts being reported into the new system. The measurable impacts included a significant reduction in bank accounts, improved cash flow forecasting, increased automation, and overall cost reduction, leading to enhanced profitability and improved working capital for Linamar.

Linamar Corporation

Dageria Morgan

Manager of Treasury