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Technology Transformation as a Catalyst for Treasury Excellence

In 2012, Heidelberger’s existing treasury technology provider announced the termination of support for the platform, prompting the company to seek an alternative solution.

Key Points

  • When Siemens announced that it was going to terminate support for its Finavigate treasury management system, Heidelberg, a long-standing user of Finavigate, had to find an alternative solution
  • After careful examination of a number of treasury solutions, the company chose the TIS Cloud Platform, which filled a wide range of Heidelberg's functional criteria
  • Heidelberg went live on SAP with TIS in October 2014; the author describes its successful implimentation and benefits, and outlines the firm's future treasury objectives

 

Written by

Katja Zimmermann
Head of Corporate Treasury
Heidelberger Druckmaschinen AG

Financial Technology Series (49 articles)

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