Boston Consulting Group Forges a Future-Ready Treasury
Boston Consulting Group (BCG) modernises its treasury by building a connected, data-driven cash management framework with BNP Paribas and technology partners. The transformation improves global cash visibility, centralises liquidity, and automates payments and FX processes across dozens of countries. A strong foundation of systems, data, and collaboration positions treasury to scale innovation and efficiency worldwide.
Engineering Liquidity: Babcock’s Blueprint for Cash Management Efficiency
Babcock International, a British multinational defense, aerospace, and engineering services company, transformed its cash management by consolidating 25+ banking relationships into a 14-currency pool with BNP Paribas, gaining 95% global cash visibility and reducing costs. The six-month project combined technical upgrades (SAP, ISO 20022) and change management to transition subsidiaries to intercompany loans, backed by leadership alignment.
The result: lower operational friction, automated processes, and a strategic treasury function, with adaptability for regional needs.
Maersk has streamlined its eurozone cash management by consolidating hundreds of bank accounts into a centralised structure built around one euro account. With BNP Paribas, the company implemented virtual IBANs and zero-balancing to centralise liquidity while maintaining clear segregation of entity-level flows. The approach simplifies operations, strengthens liquidity control, and creates a scalable treasury model for Europe.
Essity, a global hygiene and health company, has transformed its treasury through decades of innovation, achieving 99% straight-through processing (STP) with its centralised “One Treasury” model that integrates treasury, shared services, and external partners. Together with partners such as BNP Paribas, Essity has implemented solutions like DNLevel3, ICEM, and AtlasFX, creating a highly automated system and process environment where treasury can focus on strategy, risk management, and global cash flow efficiency rather than manual tasks.
How Vontier Re-Energised Procurement with a Fresh Take on Cards
Vontier re-energised procurement by partnering with BNP Paribas to launch an innovative, digital-first procurement card program across its European entities. This initiative streamlined supplier payments, strengthened cash flow, and created a blueprint for future card-to-account technology, significantly optimising working capital and procurement efficiency.
Gedeon Richter centralised liquidity across 12 Western European countries through a euro cash-pooling structure, bringing nearly half of its global cash under central oversight. The initiative improved cash visibility, strengthened governance, and reduced costs while harmonising banking processes across subsidiaries. Supported by BNP Paribas and the Connexis platform, the structure provides a scalable foundation for future regional pools, digital treasury systems, and broader liquidity optimisation.
Cash Management
The bank for a changing world
