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

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

  • 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

  • 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.
Bankfachwirt Björn Gresens

Partner

 +49 40 8000 845 92 gresens@fup-ag.com
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