As a result of its expansion and multiple acquisitions, YAGEO faced increasing complexity in its treasury operations due to acquired companies having diverse banking relationships across 32 countries, involving over 100 partnership banks and 800 bank accounts worldwide, each with different account structures and online banking platforms.

While the company had substantial cash balances globally, the funds were fragmented across various entities and geographies, making it difficult to gain centralised visibility and control. This decentralised set‑up presented several challenges:

• Lack of visibility – the finance team had limited real-time insight into global cash positions, making liquidity management less efficient.

• Suboptimal yield – many balances were held in non-interest-bearing accounts or in jurisdictions with low or zero-interest rates, limiting the ability to generate returns from idle cash.

• Inefficiency in cash management – with multiple banks involved and no centralised platform, managing payments, receivables and forecasting cash flow became operationally cumbersome. Over 800 bank accounts worldwide had to be managed manually, leading to time inefficiencies and human resources challenges. Additionally, decentralised bank structures also posed difficulties in maintaining up-to-date KYC documentation, coordinating signing authorities across entities and jurisdiction.

• Regulatory limitations in Taiwan – physical pooling or sweeping cash across borders is highly regulated in Taiwan as well as some other countries and is often treated as intercompany loans, which requires additional documentation and disclosure to the public. This constrained the company’s ability to physically move cash to optimise yields.

YAGEO needed a scalable, compliant and automated solution that could enhance yield across its global cash balances while providing better visibility and control, without the need for physical fund transfers.