Success Story
JOST
JOST standardized daily cash reporting and weekly liquidity forecasting across 150+ bank accounts, 30 business units and 20+ currencies using Ripple Treasury.
bank accounts connected for daily statement reporting
business units contributing to the rolling forecast
rolling cash flow forecast maintained in-platform
About
JOST produces and supplies safety-critical systems for the commercial vehicle industry. The company operates sales and production sites across more than 20 countries, serving customers on all five continents. JOST employs over 3,600 staff worldwide and reported €1.26bn in revenue in 2022.
Solutions leveraged:
Challenges
The treasury team at JOST needed a repeatable, enterprise-wide approach to cash visibility and liquidity planning across banks, entities and currencies.
- The team required daily consolidated cash reporting across more than 150 bank accounts from multiple banking partners
- Controllers across 30 business units had to contribute forecasts on a weekly cadence without adding manual consolidation work
- Treasury needed consistent categorization of actual cash movements so the liquidity plan stayed current and decision-ready
- Management reporting demanded reliable daily and weekly views that executives could use for funding, concentration and debt decisions
Solution
JOST partnered with Ripple Treasury to support two core processes: daily cash reporting and weekly liquidity forecasting. These solutions were deployed:
- Liquidity Management: Connected daily bank statement feeds across 150+ accounts, giving treasury a morning view of balances, currencies and excess liquidity.
- Cash Forecasting: Built a 12-month rolling cash flow forecast where controllers update weekly for three months and monthly for nine months across 20+ currencies.
- Reporting And Actualization: Automatically mapped actual transactions to reporting categories, then flowed those updates directly into the liquidity plan.
- Intercompany And Consolidation Reporting: Tracked intercompany movements and consolidated cash flow data into a single liquidity forecast with no weekly manual effort.
- Variance Reporting: Produced variance reports to support ongoing management reporting and decision-making workflows.
Benefits
With Ripple Treasury, Jost gained daily cash visibility across banks, accounts, and currencies, along with the forecasting and automation needed to support faster, better-informed treasury decisions:
- Delivered daily cash visibility across banks, accounts and currencies for faster start-of-day decisions
- Provided 12-month cash forecast visibility to support funding, repayments and liquidity planning
- Increased automation through bank connectivity, classification and consolidated reporting workflows
- Strengthened decision-ready reporting for management reporting, cash concentration and debt servicing
- Improved day-to-day usability for treasury teams through an interface described as easy to use and visually appealing
Conclusion
With Ripple Treasury in regular management reporting, JOST runs daily cash reporting and weekly liquidity forecasting with consistent data flows and high automation. The treasury team now works from a consolidated view of cash and forecasted liquidity to support funding, concentration and debt decisions across the group.
“I can fully recommend Ripple Treasury to all companies that want to get an overview of their account balances and implement liquidity planning to make decisions based on it. The usability of Ripple Treasury is very high. It is very easy to use and visually very appealing. In addition, the support is always easy to reach and solves problems quickly.”