US-Based Manufacturing Company
Industry: Industrial Manufacturing
Size: $200M Annual Revenue
Location: Charlotte, North Carolina
The Challenge:
Managing global treasury operations while scaling requires sophisticated financial leadership, but not every growing company needs - or can justify - a full-time treasury team. This Charlotte-based manufacturer found itself at a critical inflection point: their operations were becoming increasingly complex, with international suppliers, multiple banking relationships, and growing cash management needs, yet they weren't ready for the significant investment a full-time treasury department would require.
"We were in a classic middle ground," explains their CEO. "Our treasury needs were too sophisticated for our existing finance team to handle alongside their other responsibilities, but we couldn't justify the expense of building out a complete treasury department. We needed enterprise-level treasury expertise on a growth company budget."
Their attempts to address this through traditional consulting proved frustrating - the solutions were either too expensive or too temporary, and local part-time options lacked the sophisticated experience they needed.
The Transformation Journey:
Working with Nexteam, the company engaged a seasoned treasury professional who brought both Fortune 500 experience and expertise in modern treasury management systems. What made this solution unique was the professional's ability to combine high-level strategic guidance with practical, hands-on implementation.
"It was like having a Fortune 500 treasury department at our fingertips, but scaled perfectly to our needs," notes their CFO. "We got exactly the expertise we needed, exactly when we needed it."
Building Modern Treasury Operations:
The engagement delivered transformation across several key areas:
1. Cash Management Modernization
- Implemented automated cash forecasting
- Established efficient banking structures
- Developed working capital optimization strategies
- Created real-time cash visibility tools
- Automated routine treasury processes
2. Risk Management Enhancement
- Developed a comprehensive FX risk management program
- Implemented commodity hedging strategies
- Created counterparty risk assessment frameworks
- Established treasury control systems
- Enhanced fraud prevention measures
3. Technology Implementation
- Deployed a modern treasury management system
- Integrated bank connectivity solutions
- Implemented cash forecasting tools
- Enhanced payment security systems
- Automated reporting capabilities
Measurable Impact:
The transformation yielded significant improvements:
- Reduced cash buffer requirements by 40%
- Improved working capital efficiency
- Enhanced visibility into global cash positions
- Strengthened banking relationships
- Reduced treasury operating costs
Creating Sustainable Value:
"This partnership transformed how we think about treasury operations," reflects their CFO. "We've built sophisticated treasury capabilities that can scale with our growth, all while maintaining lean operations. The combination of strategic expertise and practical implementation has given us capabilities we never thought possible at our size."
Long-term Benefits:
The treasury transformation continues to deliver value through:
- Enhanced decision-making capabilities
- Improved operational efficiency
- Better risk management
- Scalable treasury infrastructure
- Reduced operational costs
Future Development:
The company continues to enhance its treasury capabilities, focusing on:
- Advanced automation initiatives
- Enhanced forecasting capabilities
- Expanded risk management tools
- Improved banking relationships
- Strategic cash management
Note: While we maintain client confidentiality in our public materials, we're happy to provide direct references and facilitate conversations with similar clients during the engagement process.