Case Studies Enhanced traceability, transparency and timeliness

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	Enhanced traceability, transparency and timeliness

Enhanced traceability, transparency and timeliness

Technology Category	Platform as a Service (PaaS) - Connectivity Platforms Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Automotive
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services System Integration
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Connectivity Platforms

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Automotive

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

System Integration

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 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.

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.

Impact #1	The implementation of BAM led to increased efficiency and control in bank account management, with standardized processes established group-wide.
Impact #2	The system enabled decentralized processes with central control, ensuring that new bank accounts could not be opened without central approval.
Impact #3	Real-time reporting capabilities provided complete and up-to-date information on all bank accounts, enhancing transparency and traceability.

Impact #1

The implementation of BAM led to increased efficiency and control in bank account management, with standardized processes established group-wide.

Impact #2

The system enabled decentralized processes with central control, ensuring that new bank accounts could not be opened without central approval.

Impact #3

Real-time reporting capabilities provided complete and up-to-date information on all bank accounts, enhancing transparency and traceability.

Benefit #1	Achieved 100% of project goals.
Benefit #2	Significant time and cost savings.
Benefit #3	Improved process and audit compliance.

Benefit #1

Achieved 100% of project goals.

Benefit #2

Significant time and cost savings.

Benefit #3

Improved process and audit compliance.

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Overview

Enhanced traceability, transparency and timeliness

Operational Impact

Quantitative Benefit