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!”