Headquartered in London, Dentsu Aegis Network is a combination of Aegis Media and Dentsu Inc.’s non-Japanese media businesses which was formed following the c. £3.2 bn acquisition of Aegis Group plc by Dentsu Inc. in March 2013. Dentsu Aegis Network is one of the world’s leading media and digital agencies, generating annual turnover in excess of £16 bn across a worldwide network covering over 80 countries and employing over 20,000 employees.
The challenge for Dentsu Aegis Network: Obtain a group-wide overview
The treasury team at Dentsu Aegis Network is centrally organised, managing cash, funding and foreign exchange on a group-wide basis. Having visibility over cash and debt balances across the group is critical to manage liquidity effectively. The challenge was to do this in a time and cost-efficient way – bearing in mind that the group operates 1000+ accounts with 100+ banks across 80+ countries. In addition, the group was seeking to streamline its payment activities across these accounts and thus generate cost savings.
Dentsu Aegis Network set out to find a solution capable of combining full treasury management functionality with an automated global all-in-one payment solution
Dentsu Aegis Network set out to find a solution capable of combining full treasury management functionality with an automated global all-in-one payment solution – as well as automated reporting – across its core banking group. They wished to integrate their payment processing in one system and connect it to all banks. Dentsu Aegis Network decided to implement BELLIN’s treasury management system which has an integrated multi-bank cloud connectivity, based on Alliance Lite2.