A pre-emptive and smooth service is especially important in the tourism industry. This applies to the fast and correct processing of payments and refunds, such as those that regularly occur with hotel bookings. However, in order to be able to act promptly and target oriented, the relevant finance departments have to maintain a precise overview…
Tedious manual entries, many reconciliation processes, and convoluted structures in the payment process – in the long run, this was too cumbersome for the sparkling wine producer Henkell Freixenet. With the help of the tool Ltc|bank in SAP, the company was able to reduce the effort involved in payment processes by more than two-thirds. On…
Responding quickly to refunds in times of crisis is a service that many companies offer their customers. The actual technical implementation is often difficult due to missing IBAN data and requires time and manual processing. Refunds due to goodwill or other reasons require an up-to-date database. In the SAP FI standard, bank details for refunds…
As various crises in the past have shown, transparent liquidity planning is essential for ensuring a company’s solvency. The basis for this is provided by a resilient, daily cash position available at the push of a button. In addition, the focus is shifting from strategic, long-term financial planning to a more short-term view. However, this…
A good treasury management system is indispensable, especially in times of crisis. Only then can cash flows be traced at the push of a button. The demand for treasury management software (TMS) is high in times of increasing insolvency risk, because especially now many companies have to pay attention to remaining solvent. At trade fairs,…
Today’s world feels like it is turning faster and faster and the challenges have become extremely diverse and complex. The digital transformation that accompanies all changes does not stop at financial management in companies. Increased globalization has made markets much more volatile and the pressure on budget planning continues to increase. Social perception also influences…
The property damage restoration specialist Polygonvatro relies on a new solution for bank communication. This not only increases efficiency in payment transactions, but also security. Over the years, the strong growth of Polygonvatro, a specialist in restoration after fire and water damage, led to an exponential increase in the number of business partners and the…
The Lindhorst Group is active in four (very different) industries. In order to better manage the Lindhorst Group’s cash flows, the company recently started using Ltc|treasury. Customised for success As a family-run company, the Lindhorst Group focuses on long-term success. The company relies on efficient system support to ensure continuity and performance in its own…
With major growth and an international setup, payment transactions quickly become complex. That’s why the automotive supplier ElringKlinger opted for a standardized treasury management system. In the future, internationally operating groups will be able to simplify their payment transactions and deploy human and technical resources in a more targeted manner: A secure Treasury Management System…
