Success Story
Kingfisher
Kingfisher centralized actuals and forecasts from across the group in Ripple Treasury, accelerating funding decisions, variance analysis and board-ready reporting.
stores across 8 countries
business units submitting forecasts monthly (with increased frequency at half-year and year-end)
daily cash flow forecast used for group-wide visibility and analysis
About
Kingfisher plc is an international home improvement retailer operating across Europe through brands including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. The company serves consumers and trade professionals through physical stores and e-commerce channels across eight countries.
Solutions leveraged:
Challenges
The treasury team at Kingfisher needed a more controlled, repeatable way to consolidate cash flow actuals and forecasts across many entities, currencies and planning timelines. The team also needed to strengthen governance over forecasting accuracy and reporting as scrutiny increased around half-year and year-end.
Key challenges included:
- Consolidating actual and forecast cash flow data across the group for Treasury and FP&A (Financial Planning and Analysis) reporting
- Supporting group-wide funding decisions while keeping cash positions within internal policies
- Validating indirect, long-term cash flow forecasts against direct-method forecasts built from sales and payment activity
- Producing consolidated outputs for senior leaders that supported both operational planning and strategic decisions
- Completing detailed variance analysis quickly as submissions changed month to month and intensified at reporting periods
Solution
Kingfisher partnered with Ripple Treasury, powered by GTreasury, to collect, consolidate and report actual and forecast cash flow data across the group for Treasury and FP&A teams. The platform supported recurring submissions from business units, daily forecasting and variance analysis to keep leadership aligned on liquidity and funding decisions. These solutions were deployed:
- Liquidity Management: Consolidated group cash positions across entities and currencies, supporting group-wide funding and policy-aligned cash positioning.
- Cash Forecasting: Ran a daily 13-week cash flow forecast across operating, financing and investing categories, with consolidated reporting per currency closing balance, sales and payments.
- Intercompany And Consolidation Reporting: Tracked intercompany activity and produced consolidated forecasts for management reporting and strategic planning.
- Variance And Accuracy Reporting: Enabled detailed variance analysis between forecast submissions and supported validation of indirect forecasts against direct-method system forecasts.
- Cash Sweep Modeling: Modeled cash sweeps to support efficient use of excess cash across the group.
“I would recommend Ripple Treasury to other companies requiring an easy data warehouse for actual and forecast cash flow data.”
Benefits
With Ripple Treasury, Kingfisher centralized its forecasting and reporting workflows, gaining detailed daily cash visibility across a 13-week horizon and greater confidence in forecast accuracy:
- Delivered significant time savings at head office through centralized submission, consolidation and reporting workflows
- Provided detailed daily, group-wide cash visibility across a 13-week horizon to support funding and planning decisions
- Enabled fast, repeatable variance and accuracy analysis to understand forecast movement between submissions
- Improved indirect cash flow forecast accuracy by validating indirect-method outputs against direct-method system forecasts
Conclusion
By standardizing how business units submit forecasts and how head office consolidates, analyzes and reports cash data, Kingfisher strengthened liquidity oversight and forecasting discipline. Ripple Treasury now supports group-wide funding, management reporting and more confident planning as cash scrutiny increases through critical reporting cycles.
“The ease of use for both head office and our business alongside the variety of reporting that can be pulled make Ripple Treasury a central part of our group wide cash planning activities.”