• 19 subsidiaries


  • Master Data
    Financial Status
    Account Management


  • FX rates
    Account statements

Group wide financial status implemented within 30 days at solar power company based in Germany…

About Conergy Group

Conergy is a Hamburg-based solar power company. As a one-stop provider of photovoltaic system solutions and services, Conergy specialises in the planning, funding, construction and operation of private and commercial sector rooftop systems and turnkey solar power farms. With sales and service companies in 14 countries and 350 employees, Conergy maintains a presence in all major PV markets. Its customers include private and commercial rooftop owners, electrical installers and solar power wholesalers as well as private and institutional solar power investors.

Status quo and objectives

At the outset of the implementation phase it was known that the existing treasury management system would only be available for the next 30 days. As a result, the top priority was to prepare a complete financial status report within this period in order to avoid an interruption in group-wide reporting. The next step was to integrate guarantees and derivatives into TIP so as to enable particularly transparent and centralised management of these instruments. Simultaneously, the aim was also to make it possible for the subsidiaries of Conergy to apply to Corporate Treasury in Hamburg for approvals of new instruments by means of requests.

TIP implementation

In order to avoid unnecessary downtime until the necessary IT infrastructure was in place, it was decided to immediately implement an installation in the TIPCO server landscape and to initially import Conergy’s master data by means of tried-and-tested Excel templates. Once the infrastructure had been set up, TIP was migrated to the servers of Conergy and the financial status report was prepared in accordance with the group’s requirements. In order to minimise the manual updating of the various positions, an automated data import of the electronic account statements from the electronic banking system into TIP was set up. This process also allowed the financial status management report, which had previously been prepared manually in Excel, to be programmed using modern reporting technologies and then integrated into TIP. Besides an online training course, users were also provided with a training video which clearly explains the working steps which are necessary in TIP. These were the keys to the entire system going live within the 30-day deadline.


  • System-based financial status overviews at the press of a button – achieved within 30 days
  • The implementation of two modern, customer-specific reports at the press of a button
  • The availability of guarantee and derivative application tool for subsidiaries
  • Automated integration of the group-internal data warehouse
  • Rapid integration of subsidiaries by means of online training and a training video

Conergy Group Case Study

„A perfectly organised system migration with outstanding results on several levels: We have been enjoying more time, transparency and data quality every day since TIP has been in use.“

Vugar Huseynov,

Manager Corporate Treasury, Conergy Group

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