Kulicke & Soffa transforms cash forecasting with AI-driven solutions
Published: Feb 2026
Best Cash Management Solution
Highly Commended Winner
Kulicke & Soffa
Photo of Lay Perk Toh, Kulicke & Soffa, Calvin Yeo, J.P. Morgan and Cynthia Tan, Kulicke & Soffa.
Lay Perk Toh
Group Treasurer
Founded in 1951, Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, computer, industrial, memory and communications markets.
in partnership with
The challenge
Historically, Kulick & Soffa (K&S) relied on spreadsheets to consolidate cash flow data from multiple departments, including accounts receivable, accounts payable, tax and payroll. This process was highly manual, time-intensive and prone to human error. Each month, the treasury team spent approximately 20 hours collecting and analysing data to produce cash flow forecasts. The complexity of coordinating inputs across global teams further increased the risk of inaccuracies and delayed decision-making.
The limitations of this approach were clear:
Significant resource allocation for routine tasks.
High susceptibility to errors due to manual data handling.
Limited visibility and delayed insights, impacting liquidity planning.
Recognising these challenges, K&S sought a solution that would enhance efficiency, improve accuracy and provide actionable insights for strategic cash management.
The solution
K&S implemented Cash Flow Intelligence (CFI) from J.P. Morgan Payments, an AI-powered module integrated within the J.P. Morgan Access® platform. This solution required minimal implementation effort, as it was already embedded in the company’s existing banking infrastructure. Activation was straightforward, eliminating the need for complex IT projects or extensive training.
CFI leverages machine learning to analyse historical transaction data and generate accurate, real-time cash flow forecasts. Its intuitive interface and automated processes significantly reduce manual intervention, enabling the treasury team to focus on strategic analysis rather than data collection – see diagram.
Cash Flow Intelligence: the key to cash management with advanced cash forecasting
Best practice and innovation
CFI’s seamless integration and user-friendly design eliminated the need for sandbox testing and minimised disruption during implementation. Continuous feedback from K&S has further refined the solution, ensuring alignment with evolving business needs. The treasury team now benefits from advanced visualisation tools, automated transaction categorisation and real-time anomaly detection, enabling faster and more informed decision-making. By replacing manual processes with intelligent automation, K&S has transformed cash forecasting from a routine operational task into a strategic enabler.
The company now enjoys:
Improved governance and control.
Optimised working capital utilisation.
Greater agility in responding to market dynamics.
“The successful deployment of CFI underscores our commitment to leveraging technology for financial excellence. By embracing AI-driven automation, the company has achieved significant efficiency gains, enhanced forecasting accuracy and strengthened our ability to manage liquidity proactively. This transformation positions us for sustained growth, resilience and strategic advantage in an increasingly dynamic global market,” says Lay Perk Toh, Group Treasurer.
K&S has consistently demonstrated a commitment to innovation and operational excellence. To strengthen its financial decision-making capabilities, K&S undertook a strategic initiative to modernise its cash forecasting process. The company transitioned from a manual, spreadsheet-based approach to an advanced, automated solution.
Key benefits
Time efficiency: forecasting time decreased from 20 hours per week to approximately three hours – a reduction of 85%. This equates to nearly 1,000 man-hours saved annually.
Cost savings: by reducing manual labour and improving process efficiency, K&S anticipates savings of US$200,000 to US$300,000 over a three to five year horizon.
Enhanced accuracy and visibility: automated data integration and AI-driven analysis minimise errors and provide timely insights into liquidity positions.
Strategic liquidity management: improved forecasting accuracy supports just-in-time funding strategies, optimising working capital and freeing up surplus cash for investment opportunities.
Risk mitigation: CFI’s scenario analysis capabilities help manage foreign exchange exposure and identify potential cash gaps early.
Ryan Lim
Global Corporate Sales, J.P. Morgan Payments
This award is a true testament to Kulicke & Soffa’s dedication to treasury innovation. It has been a privilege to work closely with them in implementing and continuously enhancing Cash Flow Intelligence (CFI), which has significantly improved their efficiency, accuracy and strategic insights. With CFI, the treasury team at K&S saves nearly 1,000 man-hours annually and is empowered to make timely, data-driven decisions that optimise liquidity and support global growth. We are proud to support with K&S in setting a new standard for intelligent, future-ready cash management.
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The Adam Smith Awards Asia are the industry benchmark for best practice and innovation in corporate treasury. To find out more please visit treasurytoday.com/adam-smith-awards-asia
