450 subsidiaries
Financial status
Cash flow forecasting
Guarantees
Derivatives
EMIR
PMS
PMS, 360T (via PMS)
Regis-TR
Guarantees database
HOCHTIEF is one of the most international construction companies in the world. The company implements challenging infrastructure projects around the globe, also on the basis of licensing models. With around 53,000 employees and revenues of more than EUR 22bn in its 2014 financial year, HOCHTIEF maintains a presence in all important global markets.
Constant growth in terms of corporate structure unavoidably leads to a heterogeneous system landscape which entails a considerable workload for the central treasury department, particularly with regard to reporting. It was for this reason that HOCHTIEF was looking for an efficient and practical solution which could be implemented at all subsidiaries and enjoy high acceptance levels. “We were looking for a system which simply compiles treasury data and which can be actively used by all group subsidiaries. Simple-to-use and reliable reports are as important as the fact that our decentralised subsidiaries are able to capture and upload their treasury data speedily and easily.”
The first step was to outline the desired analyses and set up the master data. After this, the various systems were integrated into TIP step by step. A two-way data exchange was established for the PMS treasury management system. Where necessary, the subsidiaries captured additional data manually. The central treasury department was trained in the use of BusinessObjects and prepared analyses without the involvement of TIPCO. Due to its user-friendliness, EMIR reporting was also integrated into TIP and automated.
„TIP is the hub for our treasury department. We have gained a lot of flexibility. Besides this, it is also a pleasure to work with a provider who we are always able to reach and who takes our needs seriously.“
Helen Romba,
Corporate Finance, HOCHTIEF AktiengesellschaftClick below to select a suitable date and time
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