CEVA Logistics partners with CashAnalytics to quickly gain company-wide cash forecast visibility; brings order to its expansive network of bank accounts
When there is no central visibility over balances or activity, forecasting becomes a serious challenge. It’s why CEVA Logistics, partnering with CashAnalytics, set about transforming its cash visibility. It’s a feat worthy of the 2021 Corporate Recognition Technology Award for Best Cash Visibility Solution.
Corporate Recognition Awards
Best Cash Visibility Solution
Until late 2020, the treasury team at CEVA Logistics was in a continuously reactive position, distracted, for the most part, by low-value activities. The principal reason for this state of affairs was that it had more than 1,100 worldwide bank accounts – held both at a corporate and business unit level – and no central visibility over its balances nor any activity on bank accounts held outside its corporate cash pools. It meant that cash was not under full control, with accurate and timely forecasting a serious challenge. But change was coming – and fast.