Corporates

Working with global multinational corporates

solve their most complex data challenges

Energy trading firm

One of the world’s largest energy trading firms had outgrown the manual processes supporting its Exchange Traded Derivatives (ETD) business, a highly complex and tightly regulated trading operation.

Gresham’s Control Cloud is a single source for end-to-end automation, validation and reconciliation of their data, controls, workflows and reporting, replaced high-risk processes with digital solutions, reducing headcount, errors, and risk. Control Cloud reduced headcount in offshore operations, reconciled ten times usual trading volumes during period of extreme market volatility and minimised operational and key personnel risk.

Unprecedented market volatility saw average monthly trading volumes in just one day. The legacy database, unable to scale, suffered a fatal error which forced teams to return to manual clearing until Gresham's Control, which was operating in parallel, was able to take over. This saved the firm from losses of potentially millions of dollars.

Property firm

Property firm serving clients in 70 countries from more than 1,000 locations worldwide. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide.

The firm received extremely high volume of payments from tenants of the properties which they manage on behalf of their clients. The payments are made up of rent, service charges and other charges such as insurance and often they are aggregated by tenants to cover multiple properties.

Connect Cloud replaced the previous practice of using highlighters, rulers and pens to manually allocated cash received. Bank statements and debtor reports are loaded into Control and cash allocation is instant and automatic. Cashiers and credit control are now able to immediately start investigating exceptions where payments received do not match the amounts outstanding.

Gresham worked closely with the Associate Director - Property and Asset Management and the budget was agreed by the COO Client Operations Property and Asset Management.

Drilling Contrator

A multinational drilling contractor with operations across the globe, needed to connect quickly and effectively with multiple banks, and track payments and statements to ensure that data was sent and received correctly.

Gresham’s Connect Cloud provided intelligent connectivity to trading partners, clients, banks, regulators, and other venues across the financial services ecosystem, delivered a fully managed connectivity service.

Connect Cloud converts information produced by Seadrill’s finance system into the correct readable format for each bank, and provides the necessary connectivity for information to be sent, updating automatically in line with new technical requirements without any input required on Seadrill’s side.

With conversion and connectivity managed by Connect, the drilling contractor is able to deploy its valuable resources on projects which bring true value to the business, with confidence that automation has removed the risk from a highly complex process.