iRobot, a leading global consumer robotics company, had always used distributors to support its international business. But when it decided to make two strategic acquisitions, it encountered a risk it had never needed to manage: foreign currency risk.
With premier luxury brand Christian Louboutin expanding to more boutiques spread around the world, it needed help ensuring intercompany invoices were accurate and less time-consuming.
Liam Ó Caoimh, Head of Treasury Operations at The Adecco Group, was surprised the enterprise did not already have a netting solution to settle intercompany payments when he joined the company in 2018.
