Food distribution
Casavera Foods
A distributor with thirty-eight small accounts now knows which one will run short on Thursday.
Group
23 entities · 11 banks · 6 currencies
Country
Spain
Backtest
Inside range · error 2.7 %
The setup
Casavera Foods distributes fresh and chilled products to supermarkets and restaurants in Spain, Portugal, the United Kingdom, Morocco, Poland and Switzerland. Twenty-three entities hold thirty-eight accounts at eleven banks, many of them small and local, opened years ago for a single customer or a single plant.
Mateo Iglesias runs finance with a team of seven. His problem was never the group balance, which was comfortable. It was the distribution of it: a Moroccan account could sit at a minimum on Thursday while a Portuguese account held €1,214,508 that would not be needed until the following week. Moving money in a hurry cost fees, and sometimes a day of overdraft.
Backtest · forecast vs actual · 13 weeks
38 accounts
Read every four hours instead of every Friday
£412,860
Overdraft interest avoided in the first six months
11.7 %
Fewer urgent transfers between entities
“
We never ran out of money. We ran out of money in the wrong account, on the wrong day, in the wrong currency. That is what Headroom shows me before it happens.
Mateo Iglesias
Chief Financial Officer
What changed
Casavera connected its banks through Open Banking and its SWIFT channels, and its Sage Intacct ledgers for payment runs. Headroom now reads all thirty-eight accounts every four hours and flags the ones that will cross their own floor within the week. The alert reads like a rule the team wrote itself: below £150,000 in the UK account within five days, notify the treasurer and propose a sweep.
In the first six months, urgent intercompany transfers fell by 11.7 % and overdraft interest of £412,860 never accrued. Mateo’s team still makes every decision. What changed is that the decision arrives with three days of notice instead of three hours.
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