Treasury Systems Advice Engineering, Germany

Client Brief

A German engineering business with global operations was carved out of a larger multi-national organisation. The new business had very little residual treasury management expertise and while a few interim spreadsheets had been put into place to manage treasury activities, management acknowledged the urgent need for a more robust systems framework. PMC was engaged to perform a treasury management system (TMS) systems selection.

PMC Solution
  • Review interim spreadsheets which were designed to manage FX and cash transactions; handle cash forecasting; and deal with IAS 39 reporting
  • Develop a set of systems requirements and identified a short-list of established systems vendors with successful track records of implementing systems in Germany in an aggressive timescale
  • Manage the TMS selection and implementation process.
Results & Recommendations

We utilised our knowledge of the TMS marketplace and treasury management best practices to assist the client to rapidly select an appropriate system that managed its immediate needs and had the flexibility to evolve as the business grows.