Success Story
The Arnott’s Group
After separating from Campbell’s Soup, The Arnott’s Group built a scalable treasury function that improved cash visibility and accelerated close cycles in under a year.
time reduction in daily cash reconciliation and payment preparation
reduction in cash close time
faster monthly close cycles
About
The Arnott’s Group is a major Australian food company and one of Asia Pacific’s largest biscuit and snack manufacturers. Founded in 1865, it produces brands including Tim Tam, Shapes, SAO and Vita-Weat. Headquartered in Sydney, it operates manufacturing sites across Australia, New Zealand, Malaysia and Indonesia.
Solutions leveraged:
Challenges
Following its separation from Campbell’s Soup, The Arnott’s Group faced a critical decision: build treasury from the ground up or risk gaps in visibility, compliance and control. The existing setup remained fragmented, not cloud-based and short on core capabilities needed to scale. Key challenges included:
- Manual, Excel-based short-term forecasting and daily reconciliation that slowed decision-making
- Time-intensive debt payment processing that increased operational burden and timing risk
- Limited forecasting by account or region, reducing the team’s ability to manage liquidity precisely
- Lack of real-time visibility into global cash positions across accounts, entities and regions
- Disconnected workflows across SAP and bank data, creating manual entry and close bottlenecks
Solution
The Arnott’s Group partnered with Ripple Treasury to design and implement a treasury platform built to scale with the business. The team selected Ripple Treasury based on its strong ANZ presence, collaborative implementation model and unified approach to treasury data. These solutions were deployed:
- Liquidity Management: Consolidated global cash positions and delivered real-time and forward-looking visibility across accounts and entities, replacing spreadsheets with automated tools.
- Risk Management: Automated tracking, settlement and reporting for FX (foreign exchange) and debt activity, helping streamline operations and reduce process risk.
- ClearConnect: Integrated SAP and banking partners to reduce manual entry, support faster close cycles (from up to 1.5 days to 0.5 days) and strengthen financial data integrity.
Benefits
The treasury team reduced manual work, improved speed and strengthened visibility across critical workflows, while establishing a foundation for regional centralization.
Benefits included:
- 30% faster daily cash reconciliation and payment preparation through automation and consolidation
- Real-time cash visibility at account and regional levels to support better intraday decisions
- Automated debt payment workflows that improved accuracy and timing control
- Stronger SAP integration that eliminated dozens of manual journal entries each week
- Faster month-end execution and easier onboarding for new treasury staff, freeing senior time
Conclusion
In under a year, The Arnott’s Group moved from manual processes to a data-driven treasury operation with measurable gains in efficiency and control. With Ripple Treasury, the team built a scalable platform that supports clearer visibility, stronger forecasting confidence and more informed capital allocation decisions.
“We can now complete the current day cash forecast and payment preparation, prior day reconciliation and journals by 10:30 a.m. Previously, we would struggle to do anything other than prepare payments before that time. We also have more confidence in the detailed cashflow forecasts and therefore improved visibility for decision making.”