Steinhoff Europe AG: Trade Finance made easy, 2016




Steinhoff Europe AG, one of the world's leading household goods and general merchandise retailers, runs furniture stores in Europe and the Pacific Rim countries and comprises the brands Poco, Conforama, Harveys, Bensons for Beds, Freedom, Lipo and ABRA. It reported revenue of EUR 6.7 billion in the financial year of 2014/15, making it the second largest furniture and household goods retailer in Europe. Steinhoff initiated the groupwide implementation of tm5 in 2008, enabling the treasury to keep pace with rapid growth and an increasingly complex corporate structure. This drastically reduced the workload and allowed the treasury to manage cash flows much more effectively. Find out more here: http://www.bellin.com/clients/success-stories/steinhoff-europe-ag