News

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.

„Welcome back“ is not the correct term as our former colleague from „Schwabe, Ley & Greiner“-times does not return to SLG but to TIPCO! Martin is the perfect addition to our team as he unites six years of experience as a Treasury consultant with the knowledge of our Treasury Information Platform TIP. He did not only „witness“ the development of TIP from next doors but also ran several TIP projects while being consultant for SLG. In the last years he collected considerable practical experience in his position as Head of Treasury for an Austrian machine construction company. This perspective allows him to identify and to meet the needs of our clients. In his new position as Head of Consulting he will primarily be responsible for the future orientation of TIP and the supervision of our projects.

Every year all exhibitors of the dutch Treasury fair „DACT“ can apply for one of 9 available workshop-slots. Together with our long-standing client Lufthansa we entered the contest for the first time this year and are very pleased to announce that we will be part of the workshop program on the 11^th of November in Noordwijk. Thomas Linnert (Head of financial planning and payments, Lufthansa AG) and Hubert Rappold (CEO, TIPCO) will present how TIP provides integrated treasury reporting and cash flow forecasting for Lufthansa. The workshop will show how Europe’s largest airline tackles functional challenges with a clever combination of skilled employees and smart technology. Furthermore the audience will see how reporting and forecasting can be achieved despite a heterogeneous system landscape, a challenging business environment and local entities in almost all countries of the world. We graciously thank Thomas Linnert for his support and look forward to the forthcoming DACT.

Since 2007 Deutsche Telekom generates reports via the Treasury Information Platform TIP. Now the platform will be extended in order to integrate bank account and bank fee management in TIP as well. This will help to optimise current processes and to form the basis for an automated bank fee monitoring. Furthermore the central treasury department of Deutsche Telekom will be able to abide by compliance-requirements with more ease and establish a complete overview of all banking relationships. Our client relationship with Deutsche Telekom lasts for over nine years now which is why we are very pleased about this upgrade. We thank Deutsche Telekom for the trust placed in us and are looking forward to the joint project.

At the beginning of July our SAP-HANA-experts Gerald Dorrer, Christoph Peyerl and Georg Pitsch successfully passed their SAP-HANA-Solution-Consultant exam. As a result TIPCO is now an official SAP service partner. The innovative SAP-HANA database enables companies to improve the efficiency of their treasury processes without having to leave the SAP-system. Few systems create more transparency and ensure trouble-free procedures – a good reason for customers to investigate the opportunities that arise with the use of SAP-HANA. Our colleagues are now officially certified to help you with this. We are very pleased and congratulate our three experts.

The innovation leader in the production of kitchen equipment, sinks, armatures and stainless steel containers decided to start planning in TIP, starting from this autumn. The traditional company was founded in Germany in 1924 and is represented in 33 countries. Teka develops, produces and sells its products globally. In order to prepare about 60 subsidiaries for the future, Teka will switch the cashflow forecasting from Excel to the web-based Treasury Information Platform TIP. The modules „Group-wide Financial Status“ and „Derivatives“ will form the basis for this. Bank balances and exchange rates will be transferred automatically into TIP. All relevant data will be available in one place for an easy and quick analysis at the push of a button. The project has already started and will be finished within three months. We thank Teka for the trust placed in us and are looking forward to the joint project.

This month we are pleased to welcome two new employees at TIPCO – in addition to Tabea, Haimanot Abebe will also join the team. Haimanot will support our application and development team. Born in Ethiopia, Haimanot came to Vienna more than twenty years ago where she obtained her master’s degree in business informatics at the TU Wien. Before joining TIPCO she worked for Objentis and Avedos. Her technical knowledge of the financial sector on the one hand and software development on the other, makes her the perfect addition to the team. We are very pleased, that she decided to join TIPCO. Welcome, Haimanot!

Our German-based crew is growing: Tabea Niederhagen will be responsible for advising our German customers onsite together with Verena Romberg and Martin Winter. We have known her for years and are very happy that she has agreed to become a member of our team. Tabea was responsible for reporting at the treasury department of HOCHTIEF therefore she has excellent professional knowledge and technical skills regarding systems, reports and interfaces. Welcome, Tabea, we are happy to have you on board!

The first Treasury Innovation Forum was the perfect platform for an exclusive group of senior treasurers and financial experts who took the chance to discuss and analyse a wide range of treasury relevant topics. Of course the referendum was an issue no one could ignore – but the conference focussed on far more than BREXIT and its consequences. We thank GTNews for the interesting and informative programme and the well organised event that made it easy to get in contact with treasury and financial experts. However, not only the conference made this day special for us: Our new colleague Martin Fikar – future Head of Consulting at TIPCO – stood in for Hubert in the panel discussion. We thank him very much for this spontaneous favour one month before his first official working day. Furthermore Martin and Oleg were present at our TIPCO stand and answered all questions about TIP. Another conference in England is now behind us and as the British participants we are very excited about the future developments concerning BREXIT & Co. Thank you for the hospitality, London!