Case Studies Increasing Efficiency for a Sustainable Future

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	Increasing Efficiency for a Sustainable Future

Increasing Efficiency for a Sustainable Future

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Functional Applications - Remote Monitoring & Control Systems
Applicable Industries	Marine & Shipping
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services Cybersecurity Services System Integration
Challenge	Previously, many Treasury functions of MAN Energy Solutions had been handled centrally by a parent company. A carve-out posed an opportunity to establish Treasury processes that would fit the organization. One of the biggest challenges with the carve-out was to find a suitable payment solution to have maximum transparency. It was difficult to consolidate the data coming in via individual e-banking solutions, and managing them would be tied to a lot of effort from our part. MAN Energy Solutions needed a solution to avoid a large number of stand-alone systems and thus required one standardized payment platform. A further requirement was that the solution needed to be able to integrate well with MAN Energy Solutions’ ERP systems (SAP) and the newly adopted Treasury Management System (corima by COPS). Another issue that needed to be addressed was connecting international affiliates. With the carve-out as a deadline, an ambitious timeline was set for roll-out. Read More
About Customer	MAN Energy Solutions is a multinational enterprise with headquarters in Augsburg, Germany. The company employs about 14,000 people worldwide. With more than 250 years of expertise in engineering, MAN Energy Solutions is one of the leading manufacturers of engines, machinery, and other products and services for the marine, energy, and industrial sectors. The company supports the change toward a more sustainable and carbon-neutral future, while enabling its customers to cut costs and stay competitive. Saving resources by increasing efficiency plays a big part in MAN Energy Solutions’ strategy both for its customers and within the company. Read More
Solution	MAN Energy Solutions chose TIS as the standardized payment platform to address their challenges. TIS was selected due to its deep SAP integration and long-standing partnership with COPS. The main goals of the project were to connect systems and banks to a central hub that serves as a single source of truth, establish company-wide straight-through processing to eliminate potential compliance risks, and create a basis for future growth with a standard onboarding procedure for new affiliates. TIS functions as a central hub that connects enabling functions, back-end systems, and banks, providing a holistic solution that enables end-to-end payment processes and seamless flow of data. TIS was first introduced in locations in Germany and Denmark, leveraging TIS’ existing bank connections to establish connectivity. MAN Energy Solutions plans to continue rolling out TIS to its affiliates all over the world. In the future, affiliates can handle payments directly via the Enterprise Payment Optimization Platform instead of relying on e-banking solutions. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Functional Applications - Remote Monitoring & Control Systems

Applicable Industries

Marine & Shipping

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

Cybersecurity Services

System Integration

Challenge

Previously, many Treasury functions of MAN Energy Solutions had been handled centrally by a parent company. A carve-out posed an opportunity to establish Treasury processes that would fit the organization. One of the biggest challenges with the carve-out was to find a suitable payment solution to have maximum transparency. It was difficult to consolidate the data coming in via individual e-banking solutions, and managing them would be tied to a lot of effort from our part. MAN Energy Solutions needed a solution to avoid a large number of stand-alone systems and thus required one standardized payment platform. A further requirement was that the solution needed to be able to integrate well with MAN Energy Solutions’ ERP systems (SAP) and the newly adopted Treasury Management System (corima by COPS). Another issue that needed to be addressed was connecting international affiliates. With the carve-out as a deadline, an ambitious timeline was set for roll-out.

About Customer

MAN Energy Solutions is a multinational enterprise with headquarters in Augsburg, Germany. The company employs about 14,000 people worldwide. With more than 250 years of expertise in engineering, MAN Energy Solutions is one of the leading manufacturers of engines, machinery, and other products and services for the marine, energy, and industrial sectors. The company supports the change toward a more sustainable and carbon-neutral future, while enabling its customers to cut costs and stay competitive. Saving resources by increasing efficiency plays a big part in MAN Energy Solutions’ strategy both for its customers and within the company.

Solution

MAN Energy Solutions chose TIS as the standardized payment platform to address their challenges. TIS was selected due to its deep SAP integration and long-standing partnership with COPS. The main goals of the project were to connect systems and banks to a central hub that serves as a single source of truth, establish company-wide straight-through processing to eliminate potential compliance risks, and create a basis for future growth with a standard onboarding procedure for new affiliates. TIS functions as a central hub that connects enabling functions, back-end systems, and banks, providing a holistic solution that enables end-to-end payment processes and seamless flow of data. TIS was first introduced in locations in Germany and Denmark, leveraging TIS’ existing bank connections to establish connectivity. MAN Energy Solutions plans to continue rolling out TIS to its affiliates all over the world. In the future, affiliates can handle payments directly via the Enterprise Payment Optimization Platform instead of relying on e-banking solutions.

Impact #1	The biggest benefit for MAN Energy Solutions is transparency, which facilitates more informed decision-making and eliminates potential compliance risks.
Impact #2	With TIS, all payment activity is logged and traceable, reducing the risk of manual intervention and internal fraud.
Impact #3	TIS enables straight-through processing, ensuring seamless and efficient payment operations.

Impact #1

The biggest benefit for MAN Energy Solutions is transparency, which facilitates more informed decision-making and eliminates potential compliance risks.

Impact #2

With TIS, all payment activity is logged and traceable, reducing the risk of manual intervention and internal fraud.

Impact #3

TIS enables straight-through processing, ensuring seamless and efficient payment operations.

Benefit #1	MAN Energy Solutions operates from 120 locations and affiliates around the globe.
Benefit #2	The company employs about 14,000 people worldwide.

Benefit #1

MAN Energy Solutions operates from 120 locations and affiliates around the globe.

Benefit #2

The company employs about 14,000 people worldwide.

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Overview

Increasing Efficiency for a Sustainable Future

Operational Impact

Quantitative Benefit