How Pearson Gained Insights Across its Global Cash Flow Drivers with TIS
About Pearson
Pearson is the world leader in learning and educational services. For more than 170 years, the British multinational publishing and education company, which is headquartered in London, provides content, assessment, and digital services to learners, educational institutions, employers, and governments worldwide. Today, more than 160 million users in nearly 200 countries use Pearson’s products and services.
Pearson’s Treasury & Cash Forecasting Project Highlights
Through the adoption of a new “cloud” solution for their Cash Forecasting, Pearson wanted to gain the ability to not only improve the accuracy and efficiency of their forecasts on a global scale, but also be able to drill down by operating company or by process in order to drive behavioral change. The company chose TIS, based on their platform’s ability to integrate with the group’s systems, its use of automated data input which eliminates a lot of manual work, and its smart-logic enabled algorithms offering greater insights surrounding cash flow. A fully functional prototype was built in only 30 days, which eventually lead to millions in savings as the process was refined over time.
