Babcock International reengineered its cash management by implementing a multicurrency notional pool with BNP Paribas, consolidating 61 subsidiaries and 160+ accounts into a unified system. 

This replaced a complex, decentralised network of 25+ local banks, improving cash visibility to 95% (from ~60%) and reducing costs through automated liquidity concentration, fewer FX transactions, and lower interest expenses. The six-month implementation, accelerated from the typical 12-month timeline, required technical integration (ISO 20022, SwiftNet, SAP) and stakeholder alignment to address resistance to intercompany loan structures.

The new framework standardised global treasury operations while preserving regional adaptability. BNP Paribas was chosen for its aligned geographic footprint, robust pooling capabilities, and rapid deployment. The result is a future-proof treasury infrastructure that balances efficiency, compliance, and scalability.

Karen Anderson, Assistant Treasurer, Babcock:

"Change is far easier when the entire organisation is seeking improvements.”

Read the entire Treasury Management International article in the pdf below: