Case Studies Centralization where it makes sense

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	Centralization where it makes sense

Centralization where it makes sense

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries	Consumer Goods Retail
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	Oettinger Davidoff AG faced challenges in obtaining a better overview of liquidity and standardizing payment transaction processes. The company aimed to establish straight-through processing of important payment transaction streams from the ERP, gain a better overview of daily cash flows, and improve efficiency in working with SAP through automated collection of account statements. The restructuring of the ERP landscape and migration to SAP S/4HANA presented an opportunity to centralize payment transactions and manage accounts more effectively. Read More
About Customer	Oettinger Davidoff AG, headquartered in Basel, Switzerland, is a family-operated business with a history dating back to 1875. The company operates in two main lines of business: wholesale, sale, and logistics in the Swiss market, and the manufacture, marketing, and sales of premium cigars, tobacco products, and accessories in the retail market. With revenues of 595 million Swiss francs and over 3,600 employees worldwide, Oettinger Davidoff AG is a significant player in its industry, known for its commitment to quality and innovation. Read More
Solution	Oettinger Davidoff AG implemented the TIS platform integrated with SAP S/4HANA to centralize and streamline its payment transactions. The TIS platform, with its modules like Bank Account Manager, Bank Statement Manager, and Bank Transaction Manager, provided a comprehensive solution for managing bank accounts, processing payments, and collecting electronic account statements. The integration with SAP allowed for straight-through processing of payment streams, reducing manual efforts and increasing efficiency. The company strategically centralized about two-thirds of its 75 accounts, covering Europe, the USA, and offshore accounts, to achieve better liquidity access and cost savings. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Functional Applications - Enterprise Resource Planning Systems (ERP)

Platform as a Service (PaaS) - Connectivity Platforms

Applicable Industries

Consumer Goods

Retail

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

Oettinger Davidoff AG faced challenges in obtaining a better overview of liquidity and standardizing payment transaction processes. The company aimed to establish straight-through processing of important payment transaction streams from the ERP, gain a better overview of daily cash flows, and improve efficiency in working with SAP through automated collection of account statements. The restructuring of the ERP landscape and migration to SAP S/4HANA presented an opportunity to centralize payment transactions and manage accounts more effectively.

About Customer

Oettinger Davidoff AG, headquartered in Basel, Switzerland, is a family-operated business with a history dating back to 1875. The company operates in two main lines of business: wholesale, sale, and logistics in the Swiss market, and the manufacture, marketing, and sales of premium cigars, tobacco products, and accessories in the retail market. With revenues of 595 million Swiss francs and over 3,600 employees worldwide, Oettinger Davidoff AG is a significant player in its industry, known for its commitment to quality and innovation.

Solution

Oettinger Davidoff AG implemented the TIS platform integrated with SAP S/4HANA to centralize and streamline its payment transactions. The TIS platform, with its modules like Bank Account Manager, Bank Statement Manager, and Bank Transaction Manager, provided a comprehensive solution for managing bank accounts, processing payments, and collecting electronic account statements. The integration with SAP allowed for straight-through processing of payment streams, reducing manual efforts and increasing efficiency. The company strategically centralized about two-thirds of its 75 accounts, covering Europe, the USA, and offshore accounts, to achieve better liquidity access and cost savings.

Impact #1	Secure administration of all information associated with bank accounts.
Impact #2	Improved bank cash flow overview and visibility of local processes.
Impact #3	Achieved straight-through processing through full ERP integration.

Impact #1

Secure administration of all information associated with bank accounts.

Impact #2

Improved bank cash flow overview and visibility of local processes.

Impact #3

Achieved straight-through processing through full ERP integration.

Benefit #1	Access to 80-85% of liquidity through centralized accounts.
Benefit #2	Centralized about two-thirds of 75 accounts via TIS.

Benefit #1

Access to 80-85% of liquidity through centralized accounts.

Benefit #2

Centralized about two-thirds of 75 accounts via TIS.

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Overview

Centralization where it makes sense

Operational Impact

Quantitative Benefit