The global tourism operator Thomas Cook has opted to manage its future cash flow forecasting and FX exposure calculations for continental Europe with TIP. Group-wide financial status management with TIP has also been introduced to provide the required data. In future, the group’s subsidiaries will be able to perform their forecasting locally and directly so that it will no longer be necessary to source these individually via Excel. This procedure will not only save the group’s central treasury department valuable time but will also have an enormous positive impact on data quality. Besides this, the analysis of plan/actual deviations will also be much easier and more transparent with the TIP reports. The requirements of the parent company were strictly complied with when preparing the liquidity report; a report which, among other features, entails a very complex forecasting structure covering over 130 lines. The project kicked off back in October and will go live at the beginning of March. We would like to thank Thomas Cook for placing their trust in us and for the excellent cooperation.
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.
Rupert brings a lively combination of professional and personal experience to the TIPCO team: As a trained forwarding agent, Rupert has been involved with IT issues since the very start of his career. While programming and configuring interfaces, his interest also grew in the area of processes and workflows, which ultimately led to him joining the life assurance specialist Skandia where he provided support not only on technical issues but also in terms of structural and organisational tasks. His passion for working processes and a clear focus on the big picture make him the ideal candidate for our workflow development department. We are looking forward to working with our new colleague who thinks in a structured manner while still retaining a clear overview of what really matters. Welcome on board, Rupert!
After successfully training in the areas of information technology and project-based work at PREFA Dach, the next career move for Günther is joining TIPCO. In future, he will be responsible mainly for testing our software so that our clients can rely on a fully functional environment during their rollouts. We are particularly honoured that Günther has decided to relocate from Lower Austria to work at our Vienna offices. Even if this means putting more distance between this enthusiastic snowboarder and his favourite slopes, we are convinced that he won’t regret the decision and look forward to working with him.
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.
The healthcare group Fresenius has been preparing its reports with the treasury information platform TIP since 2013. It is now possible for the group’s nearly 500 subsidiaries to capture their data directly in TIP. The group-wide financial status can already be displayed at the press of a button and the guarantee, limits and derivative modules have also been successfully integrated. Currency-differentiated cash flow forecasting and the TIP risk suite will follow in early 2017. This web-based software offers corporates the major advantage of being able to capture their data worldwide and directly – regardless of which systems their subsidiaries use. Customising the user interface and customer-specific reporting allow corporate treasury to display its data clearly and to perform analyses at the press of a button. Interface configurations help subsidiaries capture their data. We are delighted that our long-standing customer Fresenius is now deploying further TIP modules and wish to thank Fresenius for its trust and support.
Ready, steady, go: we are on our marks at Stand 07! Martin Winter, Hubert Rappold, Jürgen Sprenger and Martin Fikar are all looking forward to answering your questions about our treasury information platform TIP. From flexible reports and cash flow forecasting to the automated monitoring of bank charges – TIP provides you with key insights. You’ll also get more insight with the Gear VR from Oculus in combination with a Samsung GALAXY, which you can test and win at our stand.
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.