In your pocket treasury for medium-sized companies
Janoschka is a globally active, medium-sized enterprise that is family-owned and has been producing packaging printing forms for over 40 years. They stand for top expertise in the prepress sector, and with 1,200 employees, 24 subsidiaries in 14 countries and an annual turnover of around EUR 100 million Janoschka is one of the global market leaders in their sector. Production takes place worldwide – from Malaysia to Argentina.
Janoschka is a traditional medium-sized company, and as such faces the common challenges that operating globally presents: financial transactions and financial management worldwide need to be transparent in order to allow for efficient group-wide working capital and liquidity management. To Janoschka, treasury management was somewhat unchartered territory, and they had very limited personal resources to dedicate to it. This is why they were looking for a solution that would be quick to implement and would deliver professional results without Janoschka having to hire additional staff.
The Solution: Treasury as a Service
A contact at one of their banks made Janoschka aware of BELLIN and their treasury service TaaS (short for “Treasury as a Service”). Within the framework of this service, BELLIN takes over responsibility for selected tasks, in turn creating the framework for important treasury responsibilities.
For Janoschka, the first step is to establish a cash management process for Germany: the BELLIN TaaS Team collects and processes the account statements of all group companies on a daily basis. The accounts are reconciled and the TaaS Team takes care of cash positioning before preparing the necessary transfers for electronic submission to the banks. Parallel to this, the BELLIN TaaS Team established a SWIFT connection in order to roll out this process to all subsidiaries worldwide. Next on the agenda are bank consolidation and payments via the SWIFT Network.
Janoschka can now benefit from automatic electronic account statements for the whole group as well as a complete and up-to-date daily financial status. BELLIN treasury experts provide the required data and reports, enabling reliable liquidity planning based on real time data and allowing Janoschka to concentrate on strategic treasury topics. With TaaS, Janoschka can enjoy “in your pocket” treasury – anywhere, anytime and completely straightforward.
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