Successful Companies Have Effective Treasuries
Our Customers Have Spoken:
The Trinity TMS is World Class
The Trinity TMS is fast to implement, and easy to use. It also rewards treasury and financial executives who like details, because the reporting capabilities are extremely robust. If you ever said “I wonder if xyz will affect us”, Trinity has your answer. This makes it not only effective in operation, but also rather enjoyable. Because planning for success is fun.
Read Some Success Stories Below
The Volkswagen Group is one of the world’s leading automobile manufacturers, and the largest carmaker in Europe. The group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Volkswagen Group offers its cars in 153 countries.
Within the Volkswagen Group’s Treasury, the primary goal of Liquidity Management is to secure the continuous and unrestricted solvency of Volkswagen Group Automotive. For this purpose, Volkswagen uses TRINITY TMS. Through this web-based platform, all subsidiaries enter their expected cash flows for the next 90 days.
The link between Treasury, Controlling, and Accounting ensures a clear overview of the current and future financial situation. As a result of the optimized liquidity planning, Group Treasury obtains up-to-date transparency in order to make full use of its Group wide liquidity potentials. In the end, Volkswagen Group recognizes the importance of Liquidity Planning and Management as an important value driver.
A global corporation with 160 subsidiaries and a staff that exceeds 112,000, BASF generates a turnover measured in billions. Headquartered in Ludwigshafen, Germany, the company celebrated its 150th anniversary in 2015.
When searching for improved SAP functionality, BASF learned that the TRINITY for SAP solution could be used as an ‘add- on’. Nicolas Bronke, heading the TRINITY engineers and one of the company’s founders, comments: “The SAP landscape of a company like BASF is quite complex, but the robust architecture of the TRINITY TMS can handle various types of automated interfaces. It is built in Oracle, and after a well-planned integration, it runs almost completely maintenance-free.”
This became a pleasant surprise, as the TRINITY standard already offered the majority of the required functionality. With a little customization, the flexible TRINITY platform could easily conform to the specific settings BASF required for SAP interfaces, deviation reporting and extensive planning structures. The project was delivered on time and within budget.
With 50 business units in 15 countries spread over Europe, the Baltics, and the USA, MEDIQ provides pharmaceuticals, medical devices and related care services, with billions in revenues.
The treasury team, based in the Netherlands with 4 FTE’s managed by Paul Schreurs), aimed to increase efficiency, reduce risk and facilitate the on-going professionalization and cost effectiveness of the department. To achieve this, an RFP was issued, and after a meticulous selection process, the TRINITY TMS was selected. The RFP and implementation was managed by Orchard Finance, a renowned Dutch consultancy firm specialising in treasury.
MEDIQ decided to do business with TRINITY because they were impressed by the high level of treasury knowledge, dedication, flexibility and personal approach. And, of course, the Trinity TMS being what it is – a world class Treasury Management System.
And in regards to training and support, Philip Wielenga, (WIELTEC, regional partner of TRINITY) comments: “We always invite new customers (and their consultants) to Frankfurt for a 2-day training session at HQ. But before this takes place, we ensure:
- The customer’s database is installed on one of our servers and the client has access to it;
- The majority of the static data is set up (via remote support);
- The interfaces have been tested (uploading MT940s, market data);
- The liquidity forecast template has been prepared.
When the training session starts, the TRINITY TMS is already halfway live and ready to use. Together with the client, we go over the system, enter the transactions, solve issues etc. This concept has proven itself time and time again. Another benefit is that the treasury team is offsite, and not distracted by day-to-day business. Thus, they can fully concentrate on learning the system.
After this session, the client starts to use the system. We schedule an on sight visit 2 months later to address outstanding issues and provide some advanced training.
Mr Schreurs comments: “Before the selection started, I actually had another system in mind, but during the demo sessions we were very surprised with the quality and flexibility TRINITY offered. They may not be the biggest vendor but we appreciate their short communication lines. They certainly know about treasury. We regard them as one of our strategic partners.”
Epson’s lineup of industrial robots has been developed since 1983 through the original precision mechatronics and smart motion control technologies. From SCARA robots to 6-axis models and more, Epson robotics significantly contributes to product quality and yields in factories throughout the world.
In this particular branch, products have to be delivered within 2 hours after the order is placed. This created some formidable challenges for the treasury team with respect to managing their liquidity efficiently. Apart from these tight timelines, the cash related information had to come from all over the world. Since the EPSON is a joint venture, reporting requirements to the stakeholders are high and management concluded that Excel was no longer a viable alternative.
Implementation & training
After an intensive selection process, the TRINITY TMS was selected to streamline the treasury process. To keep the IT department lean, EPSON choose for the SaaS solution (TRINITY’s cloud hosting service).
EPSON was surprised with the swift implementation and required training. Henning von Tresckow, CEO TRINITY comments: “Our goal is to sell software, not endless and intrusive consultancy. Part of the training is the actual implementation, and much of the work can be done remotely. This saves everybody time & money.”
The TRINITY TMS offers advanced integration possibilities with EPSON’s other systems. This was also one of the driving factors in their decision. The system has been integrated with SAP, FX for Cash and DB autobahn.
Infotheek is one of the largest IT suppliers and the number 1 circular ICT company in Europe has been providing hardware and software solutions for companies in different industries for the past 25 years. The company was looking for a solution to automate their treasury related processes.
Key objectives were to have an automated daily cash report, a reliable view on currency exposure, an up to date view of limits vs utilization and a professional cash forecasting tool, integrated with their ERP system. Following their slogan (Be different, buy smarter!), the TRINITY TMS was selected to do the job.
Mark Visser, Group Treasurer of the Infotheek Group comments: “Backed with private equity, the strategy of Infotheek is, among others, to grow by M&A. Recently, a couple of acquisitions have been made where, as a result, the turnover of the group has doubled. This certainly created more complexity but fortunately, management acknowledged the importance of modern software solutions and as a result, I got the green light for TRINITY.”
The TRINITY TMS was implemented in two phases by the certified BENELUX & UK implementation partner WIELTEC within time and budget.
Every morning a global overview of all the bank balances is available. On a weekly basis, a detailed cash flow forecast is prepared whereby a great deal of this forecast is pre-filled by data from the ERP system. A ‘forecast vs actual’ analysis is done by comparing the forecast sheet with the same forecast sheet, filled with actuals. With the help of ‘cash flow rules’, this actual sheet is generated.
Mark Visser concludes: “I don’t waste time with copy/pasting excel sheets, TRINITY allows me to stay focused on the financial strategy and supports us in a professional way, I can certainly recommend them!”