Case Study: SpeedCast cuts daily cash reporting time by 75% with Trovata

Speedcast Reclaims Time and Boosts Treasury Efficiency with Trovata

SpeedCast, a global telecommunications company, faced major treasury inefficiencies after a series of acquisitions left it with 250+ bank accounts across 40+ countries. Its team was spending hours each day manually collecting, reconciling, and reporting cash data in spreadsheets, with no centralized source of truth. Trovata’s cash management platform was brought in to help streamline this process.

Using Trovata, SpeedCast automated bank data aggregation, improved real-time cash visibility, and centralized global cash reporting. The result was a 75% reduction in daily cash reporting time, more than 20 GL accountants freed from manual reporting work, and stronger bank account reconciliation through auto-certification workflows. Trovata also enabled SpeedCast treasury to focus more on strategic activities like working capital optimization, FX planning, and cash repatriation.

SpeedCast

Kimber DavisSr

Treasury Manager