Photo of Gaetan Okias, J.P. Morgan and Jarno Timmerman, Nike.
Jarno Timmerman
Treasury Director, EMEA
Nike is an American multinational engaged in the design, development, manufacturing and worldwide marketing and sales of footwear, apparel, equipment, accessories and services.
in partnership with
Nike transforms D2C treasury function in sweeping, scalable innovation
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The challenge
Nike desired a nimble treasury solution to support accelerated growth in digital and to support the firm’s Consumer Direct Acceleration strategy.
The solution
The solution is comprised of a multi-currency, multi-level virtual account structure, segregating various reporting components and streamlining Nike’s account infrastructure. The enhancement significantly improved Nike’s cash management model and decentralised bank reporting for various segments of the business.
Best practice and innovation
Summary-level reporting provides a single consolidated standard-format BAI2 virtual account reporting all transactions as of a selected date.
Rules-based transaction reporting mapping features enable Nike to specify which virtual account will receive bank-generated transaction reporting, enhancing general ledger visibility significantly.
