Babcock Appoints TreasuryONE to Modernise Treasury Operations

Executive Summary

Babcock, a diversified industrial services business, wanted to modernise its treasury operations and reduce the operational burden created by multiple banking relationships, foreign-exchange exposures, and manual cash forecasting. Manual processes were consuming valuable capacity within the finance team, while idle cash balances led to missed opportunities to improve returns.

TreasuryONE designed a tailored Corporate Treasury Services (CTS) solution which combined day-to-day treasury support with integrated technology to improve control, visibility, and outcomes across cash management and forecasting.

Company:  Babcock

Industry: Diversified industrial services

TreasuryONE services delivered:

  • Daily cash management to optimise liquidity and improve returns
  • Cashflow forecasting framework across entities, with integrations and variance analysis
  • Automation and reporting via IT2 TMS and Forecasting.

treasuryone-south-africa-case-study-challengesThe Challenge

Babcock’s finance team faced these core constraints that were limiting efficiency and value:

  • Returns on cash: Weekly cash management made it difficult to consistently optimise surplus cash returns.
  • Manual workload: Significant staff time was spent on reconciliations, cash reporting, FX deal handling, and maintaining manual cash flow forecasts.

Babcock needed a partner with the right expertise, technology, and bank connectivity to unlock value across these areas.

treasuryone-south-africa-case-study-solutionThe Solution

TreasuryONE implemented a tailored Corporate Treasury Outsourcing solution that combined operational delivery with enabling technology:

✅ Daily cash management to optimise liquidity and maximise returns, including investment in money market funds.

✅ Cashflow forecasting with a centralised, standardised framework across entities, supported by automated data integrations, clear ownership, and regular variance analysis to improve transparency and reliability.

✅ Automation and reporting via the IT2 Treasury Management System and GTreasury Forecasting, reducing manual effort, improving forecasting accuracy, and enabling real-time reporting across entities.

 

treasuryone-south-africa-case-study-resultsThe Result

With TreasuryONE as a partner, Babcock shifted treasury from an administrative burden to a source of measurable financial value. Automation, process improvements, and proactive cash management freed the finance team to focus on strategic initiatives—while delivering a strong return on investment.