What We’ve Done – Cash & Treasury Management Case Studies
Case Study 1:
Private Sector: UK Oil & Gas
Client: Owned and operated on-shore and off-shore oil and gas drilling rigs
Issues: Different banks in 26 different countries; duplicated currency accounts across countries
Service Provided by BRC: Tender to select a single bank to support the company globally
Benefits:
- 26 banks replaced by one bank, providing services to the company in each of its locations
- Reduction in the number of banks and accounts
- Greatly improved cash and liquidity management
- Better control of foreign currency risk
- Less reliance on external borrowing through centralised cash management
“By implementing BRC Consulting’s Financial services we saw a 40% increase in efficiencies within the business”
We help businesses reduce costs & increase efficiencies
Case Study 2:
Private Sector: UK Insurance
Client: Global provider of insurance and reinsurance services
Issues: Reliance on spreadsheets to manage global currency risk and liquidity; manual paper based workflow processes;
Service Provided by BRC: Tender to select a treasury management system
Benefits:
- Standardised global liquidity management and payment processing
- Liquidity concentration to increase investment yield
- Maximise insurance funds through effective cash flow forecasting
- Automated transaction management workflow processes and controls
- Delivery of a scalable technology solution to create growth capacity
“By implementing BRC Consulting’s Financial services we saw a 40% increase in efficiencies within the business”
We help businesses reduce costs & increase efficiencies
Case Study 3:
Private Sector: Iceland Shipping & Transport
Client: Global provider of shipping and transport services
Issues: Reliance on spreadsheets to manage global currency risk and liquidity; manual paper based workflow processes;
Service Provided by BRC: Tender to select a treasury management system
Benefits:
- Implementation of a treasury management system solution based on best market practice
- Automate existing manual processes and reporting
- Improve management of cash, liquidity, debt, inter-company lending and risk
- Allow system access to sub – Treasuries to deliver cash forecasts, and to access inter-company loan details
- Provide better data availability and management information reporting