Unilever is one of the world’s largest producers of consumer goods.
- The company’s products are used by 3.4 billion people every day
- It is experiencing swift growth across key markets, such as the US, India, and China
- Operates in more than 190 countries and markets more than 400 brands
- Unilever’s turnover touched €52 billion in 2021, of which 58% came from emerging territories
- In the same year, Unilever’s sales growth rose by 4.5%, and its operating margin was 18.4%
Unilever’s cash forecasting process was manually intensive and offered limited insight.
- The group’s Treasury Management System produced an end-of-day feed with data drawn from various time zones.
- Unilever was unable to make swift decisions in areas such as funding and hedging.
The potential for short-term gains was limited due to a lack of real-time information.
HSBC delivered an automated process that provides greater future and intra-day cash-balance visibility.
- An application programming interface (API) integrates directly with Unilever’s cash-flow forecasting platform.
- Real-time information is now available for Unilever’s 290+ accounts across Asia and Europe.
HSBC’s API solution allows Unilever’s Treasury Management Team to release timely credit limits to its key business partners. This hastens the delivery of goods and enables the just-in-time management of its distribution chain.
“At Unilever, we are always keen to embrace new digital solutions for managing working capital and liquidity globally and efficiently on a real time basis. The real time exchange of data strengthens our cash flow forecast process thereby helping the team make liquidity available at a right time and right place. HSBC’s API programme has helped us deliver on our core objectives, with a seamless integration experience. Needless to say as always HSBC’s team support has been fantastic.”
Gerard Tuinenburg | Director Systems, Innovations and Transaction Banking, Unilever Treasury