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How to unite heterogeneous system landscapes.

All-embracing transparency for major corporates – with TIP.

Cash Visibility

Despite a heterogeneous system landscape, TIP provides us with an effective tool for ensuring transparency and for flexibly analysing all of our treasury data

Michael Debus
Corporate Treasury
DATEV eG

DATEV now has one system where all treasury data are collected and flexible reports can be used to analyse this data. All financial positions in SAP CM and SAP TRM are continuously and automatically transferred to TIP. In addition, the existing revenue and expenses positions from the controlling forecast are converted into incoming and outgoing cash flows and are imported into TIP as well. A set of rules was defined for this purpose which can be configured by users at any time.

CASH FLOW FORECASTING

If there is a real need for speed, there is no time for mistakes. TIPCO proved to be a partner who supported us with a maximum of professionalism and high motivation levels.

Britta Baier, Director EMEA
Corporate Finance & Treasury
TAKATA AG

Takata needed to implement a rapid switch from an existing Excel-based forecasting tool to a new Web-based solution. The aim was to set up a comprehensive and uniform group-wide cash flow forecasting tool within just a few days. Despite this short time window there were very demanding requirements in terms of forecasting transparency and accuracy. The intention was to import all accounts receivable and payable from the SAP system in order to create a basis for manual forecasting on the part of the group subsidiaries. An extremely efficient work flow was necessary on both sides in order to keep to the tight deadline. The next step was to set up a forecasting grid which corresponded to the parameters defined in the scoping phase and which was linked via the SAP interface to the SAP data pool. This created the basis for group-wide forecasting and flexible data analysis which can identify forecasting deviations.

GUARANTEES

The switch from Excel to TIP not only delivered major time savings for us but was also particularly well organised and structured.

Martin Matuschewski
Expert Treasury
DKV Mobility Services Group

The objective for DKV was to make their reporting considerably more flexible and less time intensive. A scoping workshop defined the necessary interfaces and reports. Guarantees now can be captured and managed directly in TIP. This allows contracts to be directly linked to (and accessed via) the relevant positions. On the basis of these data, it is now possible to call up a complete financial status overview from all possible perspectives and in any degree of detail at the press of a button. It is also possible to analyse the utilisation of credit lines at any point in time and in every currency.

RISK MANAGEMENT

TIP enables us to rapidly and simply assess our FX risk – as easily as we always wanted it to be.

Oliver Schmitz
Corporate Treasury
Vorwerk & Co. KG

Based on financial positions, cash flows and derivatives, Vorwerk’s objective was to be able to calculate and analyse the impact of changes in exchange rates. This implementation project entailed the setting up of the derivatives module of TIP and an interface for market data. The existing data previously maintained in Excel were also imported into TIP. New transactions can now be captured and automatically taken into account using a simple user interface.

At the press of a button, the data from the financial status, forecast, derivatives, exchange rates, volatilities and correlation matrices are now analysed in a computation module and made available via a dashboard report. This makes it simple to simulate hedge transactions and to analyse the impact on the overall risk KPIs reliably and easily.

BANK RELATIONS

We now have a great overview of the applied products and their prices, which lead to internal process improvements, but also enable us to negotiate with our banking partners at eye level. Not least, we can correct wrong prices in an easy and efficient way.

Christine Pitzen, Senior Treasury Manager
Deutsche Post AG

As a group of companies with global operations, DPDHL incurs considerable bank charges. Due to the number of charges levied, it was simply no longer possible to check these without excessive time and cost inputs. The main objective of this project was therefore to automate the monitoring of bank charges levied by key banks. The intention was to draw on the results to create a basis not only for monitoring payment processes more carefully but also to subsequently be able to optimise these. The implementation process involved bank statements available in the formats TWIST BSB, CAMT.086 and Excel being processed and automatic tables of charges set up. It was then “only” necessary to check these. Flexible reports under- pin the analysis of the extensive data and deliver transparency at the press of a button. A by-product of the monitoring of bank charges introduced was the retirement of an existing system for managing accounts across the group, meaning further cost-savings.

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