• Automation of central treasury management

Our client

Schüco is one of the leading suppliers of high-quality window, door and façade systems made from aluminium, PVC-U and steel. In the past, cash management processes with foreign subsidiaries were complex and often lacked clarity. Automated integration solutions have enabled Schüco to standardise and optimise its treasury processes.

The challenge

 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.

The solution

By introducing an automated integration solution, Deutsche Bank supports Schüco in harmonising its cash management processes. This involves the use of the global ISO 20022 CGI-MP (Common Global Implementation-Market Practice Initiative) XML format, which is exchanged over a Host-to-Host (H2H) communication. All data is transmitted and received via automated, secure processes. In addition, Schüco is using tm5 – the Treasury Management system from BELLIN.

With this solution, Schüco can benefit from efficiency and increased transparency around group liquidity.

The result

By taking a well-structured project approach to optimising its treasury processes, coupled with automated integration solutions, Schüco is enjoying the benefits of using global formats and optimised bank communications. As a result, Schüco Group is able to execute its worldwide cash management business more centrally, efficiently and transparently.

For details of the case, please click here.