Case Study: PageGroup transforms global treasury with City Financials from ION Treasury

PageGroup transforming global treasury with City Financials

PageGroup, a global specialist recruitment company, faced a complex and decentralized treasury operation due to its rapid international expansion. With 94 subsidiaries, they managed a patchwork of over 20 banking providers, 4 ERP systems, and inefficient manual processes. To build a future-ready function, they partnered with vendor ION Treasury and implemented its City Financials solution to centralize operations, automate processes, and gain global visibility.

The ION Treasury solution enabled PageGroup to transform its treasury with a centralized payment factory and host-to-host bank connections. The results were significant, including straight-through processing of over 10,000 payments monthly, a 70% reduction in banking partners, and the consolidation to one global ERP system. This automation, managed by a team of just five, provided greater control, reduced risk, and supported a 15% increase in European revenues without expanding headcount.

PageGroup

Joanna Bonnett

Head of Sustainability