As part of its global treasury transformation, Nippon Express established a centralised European cash management framework. In collaboration with BNP Paribas, the company consolidated 96 local banking relationships, allowing treasury to improve cash visibility and centralise liquidity across the region.

The initiative enabled Nippon Express to gain clearer visibility over regional liquidity, centralise cash balances, and minimise idle funds held in local accounts, while continuing to maintain USD accounts required for industry transactions. The framework also strengthened governance and gave treasury the ability to mobilise internal liquidity to support investments and acquisitions across the group.

Olaf Zimmlinghaus, Vice President EMEA – Corporate, Nippon Express Europe:

“We had to make the best choice for Nippon Express. It was about which one could deliver the right services, the right costs, and the right presence in every country in Europe with specific European needs.”

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