£6m in costs saved.

A new agile global organisation structure for Travelex unlocked growth potential and saved costs for a previously regional based global business.

Summary

Travelex were unable to deliver their growth ambition in an ever-challenging global market. Boxwood unlocked this by designing a new global organization structure which enabled a compelling B2B offering to be launched globally, and created £6m in cost savings by removing duplicated activities.

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“I believe there were two key driving factors to the success of this programme: the joint Travelex/Boxwood team adopted a robust and consistent approach and plan to organizational announcements. This was coupled with a genuine understanding amongst the broader team of the future vision and strategy – and importantly, a belief that this is the right next step for Travelex.”Peter Jackson, Chief Executive Officer, Travelex