Case Studies > Quality data for quality forecasting

Quality data for quality forecasting

Company Size
1,000+
Region
  • America
  • Asia
Country
  • Philippines
  • Singapore
  • United States
Product
  • VERIFI® in-transit concrete management system
  • Cashforce
  • TIS cloud-based platform
Tech Stack
  • Cloud-based platform
  • Bank connectivity
  • Automated banking feeds
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Customer Satisfaction
  • Digital Expertise
  • Productivity Improvements
Technology Category
  • Analytics & Modeling - Predictive Analytics
  • Application Infrastructure & Middleware - Data Exchange & Integration
  • Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries
  • Construction & Infrastructure
  • Software
Applicable Functions
  • Business Operation
Services
  • Cloud Planning, Design & Implementation Services
  • System Integration
About The Customer
GCP Applied Technologies (GCPAT) is a new company with a rich history. In 2016, W.R. Grace, an American chemical conglomerate, separated into two independent public companies, Grace and GCP Applied Technologies. Headquartered in Cambridge Massachusetts, GCP Applied Technologies has over 50 years of industry expertise and decades of success in creating new product categories and markets. Its portfolio of construction products includes concrete and cement additives, building materials and technologies ensure specified quality and enhance business productivity. The world’s most successful architects, producers, builders and contractors rely on GCPAT brands and solutions for their construction projects. The global construction leadership of GCPAT has found its way into over 100 countries.
The Challenge
In 2018, the treasury team at GCPAT wanted to drive a reliable cashflow forecast with complete transparency for all numbers reported. The organization had outgrown Excel, and with the number of banking relationships growing past the 50 banks mark it was becoming impossible to feel comfortable relying on balances that were manually pulled from various e-banking portals. After being introduced to Cashforce, a software application specialized in the forecasting space, the next challenge was to ensure that the balance and transactional information fed to Cashforce could be automated, reliable, and completely transparent. The treasury team understood that without quality in data, the outcome of liquidity planning would be less optimal. So, they took an action to seek a connectivity solution to meet the goals.
The Solution
Treasury Intelligence Solutions (TIS) stood out after the team evaluated various vendors, because of its specialized knowledge and expertise in bank connectivity. Through utilizing TIS for connectivity, GCPAT was not only able to establish automated and reliable banking feeds into Cashforce but all information passed from the banks was also verified against the master data that the treasury team validated on the TIS platform before the information was passed. Today, gaining comfort that Cashforce is running on valid, reliable data is as easy as logging into the TIS cloud-based platform where the authorized persons have full visibility into all aspects of the statement data. During the entire onboarding, TIS assigned a dedicated Customer Manager for GCPAT. This was highly appreciated by the treasury team, because a single point of contact helped greatly with simplifying and streamlining the communication across different time zones and among different teams. What impressed the treasury team in GCPAT the most was that the Customer Manager from TIS also took one step further and acted as a liaison between the GCPAT treasury team, the Cashforce team as well as several global bank’s IT teams. This means, instead of TIS talking to GCPAT and GCPAT talking to Cashforce and the banks for the project implementation, the Customer Manager from TIS directly communicated with relevant teams from Cashforce and the banks. His deep knowledge of bank connectivity process helped iron out any issues before they arose and made the project go as smooth as possible. The whole onboarding experience therefore became one of the biggest satisfaction factors from GCPAT and the treasury team is ready to recommend TIS to other companies.
Operational Impact
  • GCPAT was able to establish automated and reliable banking feeds into Cashforce.
  • All information passed from the banks was verified against the master data validated on the TIS platform.
  • The TIS cloud-based platform provided full visibility into all aspects of the statement data.
  • A dedicated Customer Manager from TIS simplified and streamlined communication across different time zones and teams.
  • The Customer Manager acted as a liaison between GCPAT, Cashforce, and several global bank’s IT teams, ensuring smooth project implementation.
Quantitative Benefit
  • GCPAT has over 57 manufacturing locations.
  • The company manages 70 legal entities and 200 bank accounts.
  • The number of banking relationships grew past the 50 banks mark.

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