Case Studies

Liquidity management through the introduction of a European cash pool

Task definition

Introduction of a cross-company and cross-country cash pooling system to optimize and control group-wide liquidity

Industry / Function / Environment

European market leader in the leasing of rail freight and tank cars, rail and tank container logistics
Head of Financing & Treasury
Björn Gresens

Project description

Situation:

Securing customer receivables from rentals as part of group financing
Managing the Europe-wide rental income of various group companies via an escrow account

Measures:

Establishment of a trust account agreement with the bank
Establishment of a cross-company cash pooling agreement, taking into account the insolvency and tax law issues in the respective jurisdictions
Introduction of an ERP-supported clearing system for accounting purposes
Introduction of a limit and monitoring system for intercompany loans
Control and disposition of bank accounts via TMS system

Outcome

Successful implementation of Group financing
Reduction of operating bank accounts in the Group
Control of all European rental income via a central account
Processing of all payments and management of bank accounts through a centralized payment factory
Optimization in the management and planning of Group-wide cash flow

Customer reference

European market leader in the leasing of rail freight and tank cars, rail and tank container logistics
Customer portfolio: Railroads, rail logistics operators, chemicals and petrochemicals.
Product portfolio: Tank and tank car rentals, intermodal wagons, bulk freight wagons, rail logistics, tank container logistics.

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