With a total of around 12,000 personnel based at 36 manufacturing sites around the world, Rheinmetall Automotive AG generates annual revenues of approx. EUR 2.6bn in an industry which is exposed to constant exchange rate volatility. Our Risk Suite was implemented in order to be able to regularly quantify this risk and to make it possible to comprehensively evaluate cash flow at risk from different perspectives. Check out our case study to find out more.
One aspect was particularly important for this solar power company based in Hamburg: a smooth transition to the new system. And this needed to be fast since the current systems landscape in place at the beginning of the implementation phase could only be maintained for a further month. Check out this case study to find out more about the steps necessary for efficiently and simply importing all data for a group-wide overview of your financial status.
With around 6,500 employees at over 50 operational subsidiaries around the world, the Swiss Dätwyler Group generates annual revenues of approximately CHF 1.3bn. The group opted for TIP as its treasury information platform in order to be able to regularly and comprehensively capture treasury data from all of its subsidiaries. Our case study highlights how Dätwyler manages and analyses its treasury processes by means of smart interfaces, with minimal resources and without a treasury management system.
In the course of its continuous improvements process, the Freudenberg Group decided to deploy TIP to monitor its bank charges. With more than 40,000 employees in around 60 countries, this global technology player generated revenues exceeding 7.5 billion euros in 2015. Despite working with numerous bank, currencies and rates, the group is able to compare and monitor all bank charges. This makes it possible not only to identify incorrect statements but often also to discover charges and accounts which are completely unnecessary, leading to average savings of 15 to 20% of all bank-related costs. We wish to thank Freudenberg for the trust they have placed in us and look forward to our future collaboration.
One of our largest projects involving the automated monitoring of banking charges is now available online as a case study. Despite having over 1,500 subsidiaries spread across all continents, the corporate treasury department of the Deutsche Post DHL Group can easily identify incorrect banking charges. This is made possible by a smart tool which delivers major cost savings and brings transparency to the complex world of bank charges. Read more about how the world’s largest logistics and postal service provider benefits from the monitoring of bank charges performed by our TIP solution.
With 37.000 employees in over 50 countries DEKRA is one of the leading active service-providing companies worldwide. This autumn they will implement the web-based Treasury Information Platform TIP. The modules „Group-wide Financial Status“, „Guarantees“ and „Derivatives“ will be implemented first followed by the implementation of a cash flow forecast. We are really looking forward to the joint project and thank DEKRA for the trust placed in us.
The international real estate group will soon handle its treasury reporting using the Treasury Information Platform TIP. Due to the web-based platform all subsidiaries in the core markets Austria, Germany, Czech Republic, Slovakia, Hungary, Rumania, Poland and Moscow soon will be able to enter their data decentrally and as a result decrease the workload for the central treasury department. For Immofinanz it was especially important to find a solution with a particularly flexible system architecture in order to customise it for the individual requirements of the property business. With TIP, Immofinanz can even display data of individual objects in its cash flow forecast and at the same time automatically transfer existing data via interfaces, thereby avoiding manual input. With this principle TIP is able to generate a group-wide financial status and a currency-specific liquidity forecast representing Immofinanz’s real estate landscape in the most detailed and reliable way. The first 3 modules have been implemented in April 2016, more are about to follow. We thank Immofinanz for the trust placed in us and are looking forward to our future working relationship!
CTMfile just published an article about the usefulness of a TMS for companies with less than $1 billion in revenue. This crucial quote says it all:
The survey found that “corporations with less than $1 billion in revenue aren’t using a TMS because the benefits of using one aren’t worth the fees, implementation burden and other costs. Instead, they continue to rely on spreadsheets for core treasury functions, such as forecasting, cash visibility and bank account management.” But the report, sponsored by Bloomberg, commented that, “as smaller companies get past the growing pains around establishing their treasury structure and scope, their need for technology and automation increases as they grow larger.
Find out more via CTMfile.