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Success Story

Speedcast Reclaims Time and Boosts Treasury Efficiency with Trovata

It used to take our team hours to run a daily cash report. Now it's minutes.”
Kimber Davis
Sr. Treasury Manager, Speedcast
speedcast logo fullcolor.png

Headquarters
Houston, Texas

Company Size
1000+

Founded
1989

Industry
Telecommunications

Who Should Watch This?
  • Treasury leaders at mid-market companies
  • Finance teams with global bank complexity
  • Anyone doing daily cash reports in Excel
The Transformation at a Glance
  • Daily cash reporting time cut by 75%
  • 250+ bank accounts across 40+ countries, now centralized
  • Reduced team size without sacrificing output
  • Treasury plays a role in organizational growth, expansion, and strategy
speedcast logo fullcolor.png

Headquarters
Houston, Texas

Company Size
1000+

Founded
1989

Industry
Telecommunications

The Backstory

In a recent episode of Fintech Corner, Kimber Davis shares the story of how she helped the treasury team at Speedcast, a global telecommunications company, go from manual chaos to seamless automation. The story starts in 2023, when the company had just completed a string of acquisitions. As a result, they had 250+ bank accounts across 40+ countries—and a treasury team overwhelmed by manual data collection and reporting.

kimber davis
We had up to 80% of our team's time just going into spreadsheets—pulling data, reconciling it, trying to tell an accurate story. It was exhausting.”
Kimber Davis
Sr. Treasury Manager, Speedcast

The Challenge

  • Lack of centralized cash visibility across all accounts
  • Daily cash reporting took hours per region
  • Treasury analysts spent most of their time consolidating spreadsheets

Despite being globally distributed, Speedcast’s finance team lacked a single source of truth. Treasury was relying on GL accountants across regions for cash positions, often outdated by the time they were reported. This led to delayed decision-making, frustrated stakeholders, and growing inefficiencies as the company scaled.

Building the Business Case for Change

Feeling the pain of manual treasury processes, Kimber didn’t wait to be asked to find a better way. Along with a newly hired VP of Treasury, she helped rally support for a digital transformation. The tipping point came when the team realized just how much time—and opportunity—they were losing to manual processes.

Their goal? Replace fragmented spreadsheets with a connected system that could:

  • Aggregate bank data automatically
  • Deliver real-time cash visibility
  • Eliminate redundant reporting tasks
  • Scale with the company's global footprint
Trovata’s platform emerged as the right fit—lightweight, fast to implement, and powerful enough to centralize global cash operations without a heavy lift. Ultimately, it helped them build a more efficient team with fewer hands on deck needed.

The Results: Faster, Leaner, Smarter Treasury

After using Trovata, Kimber and her team saw immediate wins:

Time to complete daily cash reporting dropped by over 75%

20+ GL accountants freed up from manual data reporting

Transaction data available on demand, across all regions

Bank account recon improved with auto-certification workflows

Trovata made us more efficient. We no longer need people spending 30 to 40 hours a week combing through thousands of lines of data and spreadsheets.”
Kimber Davis
Sr. Treasury Manager, Speedcast

The Strategic Impact

With automation in place, treasury finally had time to operate strategically. They were able to rationalize their bank structure while also enabling:

Working capital optimization

FX rate planning and cash repatriation

Faster response to business expansion initiatives

We're not just looking at funding bank accounts and pushing money around. Treasury can now be involved in FX hedging, interest rate hedging, DSO, DPO, and many strategic aspects of the company that go far beyond just monitoring bank account balances.”
Kimber Davis
Sr. Treasury Manager, Speedcast

Kimber's Advice for Treasury Leaders Leading Digital Transformation

Speedcast’s transformation wasn’t just about tools—it was about mindset. Kimber credits her accounting background and cross-functional relationships for helping drive buy-in and alignment.
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Don’t wait to be asked: Propose the change you want to see.

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Start with the pain: Document where time is being lost.

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Find your advocates: Collaborate with cross-functional allies.

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Go beyond the bank balance: Show how treasury can drive strategic value

The org may not even know the kind of value you can provide. Offer it anyway.”
Kimber Davis
Sr. Treasury Manager, Speedcast

Ready to cut 75% of your reporting time?

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