Boston Consulting Group Treasury Transformation Case Study

This case study details Boston Consulting Group's (BCG) treasury transformation into a connected, data and analytics-driven operation. The transformation aimed to improve cash visibility and centralise liquidity. BCG's treasury leadership recognized the need for a more sustainable approach to understanding its daily cash positions. The initiative involved a step-by-step strategy that began with enhancing cash visibility, followed by centralisation and automation. By implementing a multi-bank connectivity platform and a new treasury management system, BCG achieved daily reporting for over 95% of its accounts. The study outlines how the organisation centralised liquidity incrementally, expanded its global cash pool, and automated cash sweeps. The importance of stakeholder engagement and building trust among local teams is emphasized as critical for successful implementation. Additionally, the case study discusses the selection of appropriate technology tools to support these changes, illustrating how BCG's treasury transformation is both a technical and cultural shift.