Success Story
CEVA Logistics
CEVA Logistics moved from spreadsheet-driven uncertainty to daily, multi-currency cash visibility, freeing up $100 million in idle cash and strengthening liquidity decisions.
worldwide bank accounts
idle cash mobilized and centralized
rolling, multi-currency forecast model
About
CEVA Logistics is a global logistics and supply chain company formed in 2007 through the merger of TNT Logistics and EGL Eagle Global Logistics. Headquartered in France, it manages worldwide freight and contract logistics, operating across a large, multi-entity and multi-currency footprint.
Solutions leveraged:
“If you don't have cash visibility, you're putting the business at risk.”
Challenges
Before implementing Ripple Treasury, powered by GTreasury, CEVA Logistics faced critical visibility and control gaps that limited group-level decision-making.
- No central visibility into balances or activity across 1,100 worldwide bank accounts
- Limited access to bank accounts in certain countries, which reduced transparency across entities
- Heavy reliance on spreadsheets that took significant time and introduced frequent errors
- No ability to forecast cash flow at a group level, limiting short-term and medium-term planning
- Difficulty monitoring entity cash levels, making working capital optimization harder across the business
Solution
CEVA Logistics partnered with Ripple Treasury to support a cash flow management and visibility transformation program built for a global, multi-entity treasury function. The team implemented Ripple Treasury alongside real-time bank statement reporting via SWIFT and rolled out a standardized forecasting approach across priority entities. These solutions were deployed:
- Liquidity Management: Delivered daily visibility into bank account balances and consolidated cash positions through reports and dashboards, replacing manual consolidation.
- Cash Forecasting: Implemented an automated 13-week rolling, multi-currency forecast model with variance analysis reporting at the entity level.
- Bank Connectivity (SWIFT): Enabled real-time bank statement reporting and supported connectivity across key banking partners, improving timeliness and consistency of data.
“You can have lots of spreadsheets that you send to all of your business units and that you consolidate, but that's very time consuming and very prone to errors. We've all looked at the spreadsheet with lots of links and macros, we found lots of errors... it can be and often is very messy.”
“It's better to invest in a solution that you can implement quickly, that will be automated and user friendly.”
Benefits
By partnering with Ripple Treasury, CEVA Logistics brought clarity to cash and FX exposure across a complex, multi-entity structure, freeing up capital and time in the process. Their team:
- Achieved 100% visibility on cash balances and projected flow across more than 40 internal entities
- Centralized and mobilized $100 million of idle cash, supporting working capital and debt repayment
- Reduced time spent on recurring forecasting work, shifting capacity toward budgeting and policy activities
- Improved FX (foreign exchange) exposure management through clearer per-currency balance and flow visibility
- Standardized reporting and forecasting workflows across entities, improving transparency for management
Conclusion
CEVA Logistics used Ripple Treasury to turn cash visibility into a repeatable operating discipline across entities, currencies and bank accounts. With daily reporting, automated forecasting and clearer FX exposure insight, the treasury team now supports liquidity decisions with greater speed, consistency and control.
“The good thing about a solution like Ripple Treasury is that it really looks like Excel, you can literally copy and paste from your own Excel if you already have your template. That makes it really easy and uncomplicated for new users. In five minutes, they know how to use the platform.”