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Enhanced traceability, transparency and timeliness
Technology Category
- Platform as a Service (PaaS) - Data Management Platforms
- Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries
- Automotive
Applicable Functions
- Business Operation
Services
- Cloud Planning, Design & Implementation Services
- System Integration
The Challenge
The MANN+HUMMEL Group faced significant challenges in managing over 250 bank accounts across 60 locations in 28 countries. The existing system relied heavily on manual processes using Excel documents and paper-based email workflows, leading to inefficiencies, increased risk of errors, and limited ability to provide up-to-date information. The lack of standardized processes and inadequate audit compliance further complicated the situation, making it difficult to maintain transparency and control over bank account management.
About The Customer
MANN+HUMMEL Group is a global leader in filtration solutions, serving the international automotive and mechanical engineering industries. With 16,000 employees across 60 locations in 28 countries, the company achieved a group sales of 2.8 billion EUR. The central Treasury at the head office in Ludwigsburg is responsible for liquidity management, risk management, capital financing, and banking policy, managing over 250 bank accounts for the entire group. The company sought to address inefficiencies and risks in their bank account management processes.
The Solution
To address these challenges, MANN+HUMMEL implemented the Bank Account Manager (BAM) by TIS, a SaaS solution designed for efficient and secure bank account management. The BAM system enabled the company to standardize and automate their bank account management processes globally. The solution provided a single platform for managing all bank and account information, data, and documents, leading to significant time and cost savings. The system also offered real-time reporting capabilities and options for customization, allowing MANN+HUMMEL to adapt the solution to their specific needs and workflows.
Operational Impact
Quantitative Benefit
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