Before implementing a treasury management system, Barratt's Group Treasury function was a lean team of four, relying entirely on Excel spreadsheets to manage daily cash positions across three core banking providers. Each morning, the team manually logged into individual online banking portals, pulled balance data, aggregated figures using macro-driven spreadsheet models and calculated a closing daily forecast before reporting to executive directors.

As the organization grew and the business's complexity expanded, the manual approach introduced meaningful operational risk. Macro-driven spreadsheets were prone to errors, and there was no single source of truth. 

If a bank's online system went down, the team had no alternative means to process payments, monitor incoming receipts or maintain visibility over positions. For a homebuilder that receives completion funds from solicitors on behalf of customers moving into new properties, that kind of disruption carries real consequences.

At the same time, the team recognized the organization had outgrown its forecast methodology. A 6-week rolling cash flow forecast, assembled from divisional inputs and consolidated manually, could not surface the intra-month peaks and troughs that drive investment and borrowing decisions. Month-end accounting forecasts told a different story than the receipts and payments actually materializing across divisions day by day.

The business case for change had been building for years. When Barratt's CFO joined in 2022, he arrived with a clear technology-focused strategic agenda. In 2023, the Group Treasury team formalized its case for a TMS and received CFO approval. The timing proved fortuitous: within months, the company announced its merger with Redrow, adding further bank accounts, treasury infrastructure and operational complexity to an integration the team now needed to absorb at pace.

What began as a lift-and-shift exercise has evolved into a strategic treasury capability. Ripple Treasury started as a platform for a handful of treasury professionals and today supports dozens of users across the expanded Barratt Redrow organization, including a middle office payment processing team that uses the system as its primary tool for processing and monitoring transactions.

Centralized cash visibility: With Ripple Treasury as its single source of truth, the Group Treasury team no longer relies on logging into multiple bank portals to build a daily position. Real-time bank balance data flows into the system across all accounts, giving the team full visibility of where the company's cash sits at any moment.

Future-proof connectivity: As SWIFT infrastructure gives way to ISO 20022, Barratt moved early. Getting its banking partners to feed ISO 20022 data directly into the TMS means the organization is positioned for the payments landscape ahead, rather than scrambling to adapt when legacy connectivity becomes obsolete.

From 6-week to 13-week forecasting: Initially, the team replicated its 6-week rolling cash flow forecast inside Ripple Treasury, replacing archaic macro-based spreadsheets with a cleaner, database-backed process. More recently, the team extended its forecast horizon to 13 weeks, aggregating divisional receipts and payments data across all six regional business units. The result is a clearer view of intra-period peaks and troughs, and more confident borrowing and investment decisions as a result.

Interactive forecast analytics: Barratt recently adopted Ripple Treasury's enhanced forecasting module, gaining a Power BI-style interface for drilling into forecast variances by region, division and income stream. The team can now compare current forecasts against prior versions, understand why revenues shifted week over week and build a historical trend database that will inform future behavior patterns at a granular level.

Integrated money market execution: A money market trading platform is bolted directly into the TMS, allowing the team to place trades and manage redemptions without switching systems or picking up the phone. The efficiency gain is immediate and tangible for a team managing significant cash balances on a daily basis.

Payment processing at scale: The expansion of the middle office payment team following the Redrow merger tested the platform's scalability, and the system absorbed that growth without disruption. Staff describe the experience as intuitive, closely mirroring the feel of a modern online banking interface, which accelerated adoption across a larger user base.

The next horizon for Barratt Redrow's treasury function is engagement: building forecast accuracy into a shared accountability across the business. As divisional finance directors see their own forecast inputs measured against actual outcomes over a full year, Treasury gains the leverage to drive better data quality at source. 

Ripple Treasury's Barratt Redrow client team named them Treasury Team of the Year at the 2025 EMEA client recognition event, a reflection of the pace and quality of the transformation the team has delivered.

"We chose Ripple Treasury because of the suitability to us as an organization, the personability, the expectation of being able to lean on the support. The implementation team particularly stood out for us during the RFP process."

Vijay Chavda, Assistant Treasurer, Barratt Redrow