Consolidating banking and optimising cash with a small treasury team

In this webinar learn how TYROLIT reduced their intercompany transactions through their banks by over 90%. TYROLIT’s cash management and payments processes were fragmented, with each of the company’s subsidiaries maintaining its own banking relationships. The introduction of the Eurozone provided a first opportunity to consolidate the banking landscape and optimise the payment processes of the company’s seven entities within the zone. In fact, the company was an early mover in setting up a euro cash pool, and has seen the potential for enormous annual savings as a result.

SEPA was seen as a further chance not only to optimise the company’s cash management set-up in the SEPA area, but worldwide. Again, TYROLIT was a relatively early mover in this space and saw SEPA as a significant opportunity to critically evaluate and challenge existing payment behaviours and structures.

During this webinar Franz Bramböck explains how this lean treasury department has been transformed from a cost centre into a profit centre by combining several solutions, including cash pooling, intercompany netting and centralised FX management. Franz also shares his thoughts on lessons learned throughout the transformation, his plans for a payments factory, as well as explaining the benefits for the company, and its business partners.

This webinar was held on Wednesday 11th February 2015.

Download slide pack