Case Study: SEEK Asia (jobsDB & JobStreet) achieves global liquidity management and instant cash visibility with Reval

Reval Helps jobsDB and JobStreet Achieve Global Liquidity Management and Cash Visibility

SEEK Asia, which combines jobsDB and JobStreet under the SEEK Group, faced a major treasury challenge after completing a AUS$600 million acquisition of JobStreet in November 2014. With a US$125 million debt facility in place and limited pre-close access to the acquired business, the treasury team needed to rapidly merge operations, gain real-time cash visibility and ensure timely debt servicing across multiple countries.

SEEK used the Reval cloud Treasury and Risk Management platform to automate processes and deploy liquidity plans across 20 counterparties and more than 100 bank accounts in seven countries. The implementation—completed in days—delivered consolidated cash visibility, reduced manual intervention, and ensured funds were in the right place at the right time to meet repayment obligations.

SEEK

Eddie Collis

Group Treasurer