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Corporate Treasury in Germany 2010

Pre- and Post-Crisis Cash Management Priorities for Cash Management Priorities for Porsche

Heimo Tiefenböck, Cash Manager, Porsche Holding GmbH (Austrian Porsche-Group)

Categories: Cash Management, Cashflow Forecasting, Debt, Liquidity Management, Payments, SEPA, SWIFT, Technology

Porsche needed to find automated solutions to access liquidity, which they achieved by pooling their liquidity through a physical (zero balancing) cash pool with UniCredit, one of their core banking partners. This meant that they could benefit from the advantages of a local approach to payments whilst managing liquidity on a net basis across the group, and ensuring that they have a complete picture of their global cash. Cash Manager Heimo Tiefenböck explains how they dealt with the crisis and why this approach was beneficial for Porsche.

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