Private Sector Case Studies

Case Study 1:

Private Sector: Iceland Shipping & Transport

Client: Global provider of shipping and transport services

Issues: Reliance on spreadsheets to manage global currency risk and liquidity; manual paper based workflow processes;

Service Provided by BRC: Tender to select a treasury management system

Benefits:

  • Implementation of a treasury management system solution based on best market practice
  • Automate existing manual processes and reporting
  • Improve management of cash, liquidity, debt, inter-company lending and risk
  • Allow system access to sub – Treasuries to deliver cash forecasts, and to access inter-company loan details
  • Provide better data availability and management information reporting

“In September 2016, BRC began working with us to select a Treasury Management System. They helped us through a rigorous tender and evaluation process and by January 2017 we had identified our preferred supplier.”

Arni Sigurdsson, Group Treasury Manager – Eimskip, Reyjkavik

Supporting clients in all aspects of risk management & technology solutions

Case Study 2:

Private Sector: UK Insurance

Client: Global provider of insurance and reinsurance services

Issues: Reliance on spreadsheets to manage global currency risk and liquidity; manual paper based workflow processes;

Service Provided by BRC: Tender to select a treasury management system

Benefits:

  • Standardised global liquidity management and payment processing
  • Liquidity concentration to increase investment yield
  • Maximise insurance funds through effective cash flow forecasting
  • Automated transaction management workflow processes and controls
  • Delivery of a scalable technology solution to create growth capacity

“BRC demonstrated in-depth market knowledge, strong expertise and ….. produced excellent, valuable advice. We were impressed by the judgement and guidance provided, and completed the selection on budget without any surprises”.

Christof Nelischer, Global Group Treasurer, Willis Towers Watson

We help our clients to reduce costs & increase efficiencies

Case Study 3:

Private Sector: UK Oil & Gas

Client: Owned and operated on-shore and off-shore oil and gas drilling rigs

Issues: Different banks in 26 different countries; duplicated currency accounts across countries

Service Provided by BRC: Tender to select a single bank to support the company globally

Benefits:

  • 26 banks replaced by one bank, providing services to the company in each of its locations
  • Reduction in the number of banks and accounts
  • Greatly improved cash and liquidity management
  • Better control of foreign currency risk
  • Less reliance on external borrowing through centralised cash management