Situation
A French tax-reduction group creates hundreds of Special Purpose Vehicles (SPVs) each year to pool client investments, with each SPV legally required to hold its own dedicated bank account.
Industry
Tax-reduction / investment structuring
Company size
Medium — More than EUR 30 million annual turnover — 15 staff
Managing hundreds of dedicated SPV accounts meant juggling five different banks, each with its own policies, pricing and interface. Six staff were fully dedicated to banking monitoring and payment management for more than 250,000 transactions annually, with no ERP or integration system in place to tie any of it together.
The challenge was to regain control over a highly fragmented banking structure. The group had no consolidated view of cash across its SPVs, while VAT payments were processed manually and separately for every entity. Five banking providers generated different fee structures and additional intercompany transfer costs, and slow reconciliation processes delayed monthly reporting.
Full real-time treasury visibility
Automated compliance across all SPVs
Hundreds of SPV accounts consolidated under a single banking provider
