Success Story: How Tiger Brands partnered with TreasuryONE to automate forecasting and strengthen liquidity visibility

Executive Summary

Tiger Brands is one of South Africa’s largest FMCG companies, manufacturing and distributing beloved household foods, beverages, personal care, and home care products. Their extensive portfolio makes up the staples of most Southern African pantries, including iconic names like Albany, Tastic, Jungle Oats, All Gold, KOO and Mrs H.S. Balls. 

Headquartered in Gauteng, the company has been a staple of daily life for over a century, operating since 1921. 

TreasuryONE services delivered:

• CashAnalytics Cashflow Forecasting

• MT940 bank connectivity

• Shared services payment integration

• FX funding integration

• Trend-based forecasting and variance analysis

The Challenge

Tiger Brands operates a complex treasury environment across 20 business units, approximately 180 bank accounts and 11 currencies, with payments processed centrally through a shared services structure. Before partnering with TreasuryONE, forecasting was very short-term-focused, largely spreadsheet-driven, and required significant manual input from Treasury and Financial Shared Services teams. While Treasury had visibility into closing balances, the business needed a more automated, forward-looking view of liquidity across the group.

Key challenges:

• Limited forward-looking liquidity visibility

• Manual and time-consuming forecast preparation

• Complex FX funding and hedging across DCDs, option structures, FECs and spot transactions

• Fragmented visibility between business unit receipts and centrally processed payments

• Multiple shared services with associated intercompany transactions

• Centralised liquidity risk and cash management at the holding company level, with intercompany funding on a daily basis

• Daily sweeping created the need to review the positions, including and excluding sweeping

The Solution

TreasuryONE worked closely with Tiger Brands’ treasury, shared services, and finance teams to design, implement and embed a forecasting capability that the group can run, refine and rely on.

TreasuryONE implemented a fully integrated CashAnalytics forecasting solution, designed around Tiger Brands’ existing banking and liquidity structures. The solution included automated MT940 bank integrations across FNB and Nedbank, shared-services payment integration, FX funding automation, and trend-based forecasting using historical transaction and payment behaviour.

TreasuryONE also delivered in-person and online training for 56 treasury and finance users to support adoption across the group.

The Result

Within approximately four months, Tiger Brands moved from a manual, spreadsheet-based process to an automated and trend-driven forecasting framework.

The implementation delivered:

• Same-day forecast preparation and reporting
• Centralised visibility across all business units, bank accounts and currencies
• Real-time insight into balances, transactions and shared services payments
• Improved visibility of FX flows and future settlement obligations
• Stronger forecast accuracy through variance analysis
• Business unit-level insight into cash generation and cash consumption
• Better liquidity planning, funding decisions and strategic cash management

“We are now in a position to identify what we do not know, understand the results by deep delving and formulate assumptions. We can understand the impact of business decisions taken today on the long-term impact of the liquidity position of Tiger Brands and make the necessary changes by taking informed decisions, thereby elevating the treasury to a strategic value-added partner in the group.” – Carosin Buitendag, Head of Treasury, Tiger Brands