As a global company with over 40 subsidiaries, the Schüco Group previously used numerous electronic banking solutions, including some manual processing. Cash management business was initiated differently by each subsidiary. This resulted in a lack of transparency in cash positions, considerable extra costs for the maintenance of individual solutions, and increased risks from manual working procedures.
In order to execute its global cash management flow efficiently and optimise processes worldwide, Schüco Group required a solution that could be integrated into its IT landscape. In addition, Schüco aimed for a single comprehensive Treasury Management System which centralised its financial divisions.