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Kellogg’s

Winner: Best use of Technology for a Working Capital Project
Winner:  Best Cash Forecasting Initiative
Highly Commended: Best Working Capital Funding Solution

What the judges said:

“This is a great example of joining working capital management, cash flow forecasting and other treasury related efforts together. Just to understand the interdependence between the different elements is usually difficult. Kellogg has not only understood – but also succeeded to convince the organization to run this type of project to improve.”

Key Facts:

  • Delivered a $6 million cash flow benefit from aligning European suppliers’ DPOs and $4 million in the US
  • Reduction in transaction costs
  • Important step in automation process to create “no touch” treasury
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