"tm5 has brought us closer together and underlined just how important it is for everyone to share information."

Stephen Schmid, Head of Treasury and Insurance

TRUMPF GMBH + CO. KG

Highly Precise and Sharp as a Laser​

Founded in 1923 in Ditzingen, Germany, TRUMPF is a family-owned high-tech company steeped in tradition that operates globally. It is one of the big players in the industry, offering production solutions in the machine tool, laser, and electronics sectors. What started with an electric sheet metal cutter many years ago has grown into a group comprising 70 entities in 30 countries. TRUMPF employs around 12,000 people and has a turnover of EUR 3.1 billion.

The Challenge

TRUMPF produces worldwide: in China, Germany, France, the UK, Italy, Japan, Mexico, Austria, Poland, Switzerland, the Czech Republic and the US. Sharing data is therefore an essential treasury management system (TMS) requirement to ensure group-wide visibility. Moreover, treasury is accountable to the group and has to constantly be in a position where they can provide comprehensive information. In addition, recent developments have made combatting both economic and financial crime a top priority for the TRUMPF treasury team.

The Solution

The introduction of a TMS has come with a new organizational setup and TRUMPF has created a network to allow information from all group entities to be incorporated in the best possible way. There is a clear separation between front, middle and back office, which is mirrored in the system and makes for a much more straightforward workflow. Cash management was integrated to achieve worldwide transparency and complete visibility. TRUMPF has optimized liquidity management by means of system-based, worldwide currency hedging and well organized cash pooling – including an onshore RMB cash pool in China. When it comes to payments, they have a very sophisticated authorization concept with strict adherence to various approval levels. Another important step to underpin worldwide sales financing was the foundation of TRUMPF Financial Services GmbH, which is issued with a banking license and efficiently integrated in the treasury setup. Within this family-owned group with a long tradition, the treasury department has found the ideal setup for managing their broad scope of activities – innovative and sharp as a laser.

 

Watch the video about the treasury of TRUMPF!

Download PDF
Industry Technology provider for machine tools, lasers and electronics
Founded, HQ 1923, Ditzingen | DE
Employees
Around 12,000
Companies 70 entities in 30 countries
Annual turnover EUR 3.1 billion (2016)
Modules in use LM, TT
With BELLIN since
September 2000