Crayon Case Study on Treasury Innovation

This case study documents the process undertaken by Crayon to establish a new treasury department that collaborates effectively with business and finance teams. Lei Wang Giæver, the Treasurer, and Kristin Qvale from BNP Paribas detail their strategic approach, likening the treasury development to a renovation project aimed at improving cash visibility and governance. Over a period of 30 months, the treasury was built to support the company's rapid growth, which is driven by expanding IT portfolios to accommodate Generative AI. The study outlines the challenges faced, including the need for internal resources and governance adjustments. The case also highlights how close collaboration with BNP Paribas facilitated the creation of effective liquidity management systems, including cash pooling solutions. Giæver emphasizes the importance of liquidity visibility and structured processes in achieving efficiency and outlines plans for future developments, including a payment factory, that will further enhance treasury operations.