Case Studies
More transparency thanks to straight-through processing
Overview
Analytics & Modeling - Real Time Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Connectivity Platforms | |
Construction & Infrastructure Oil & Gas Utilities | |
Business Operation | |
Cloud Planning, Design & Implementation Services Software Design & Engineering Services System Integration | |
Operational Impact
The TIS platform has provided Fugro's treasury department with a complete overview of the corporation's liquidity and cash flows, enabling better cash flow management and insights into local processes. | |
The implementation of the TIS platform has resulted in significant time savings in IT and ERP maintenance efforts, as the need for local software installations and special solutions in each country has been eliminated. | |
The standardization and automation of payment processes through the TIS platform have led to sustainable cost savings, as the group can now utilize a standard payment process globally. | |
Quantitative Benefit
Approximately 50% reduction in the number of banks used for cash management, resulting in significant savings in bank transaction costs. | |
Reduction in the number of bank accounts from almost 50 banks with more than 900 accounts to around half within a year. | |
Two full-time employees can now devote themselves to other value-adding activities due to the automation of payment processes. | |