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 for optimizing and controlling group-wide liquidity.

Industry / Function / Environment/ Expert

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

Project description

Situation

Ensuring customer receivables from leasing within the framework of group financing
Control of Europe-wide rental income from various group companies via a trust account

Measures

Setting up a trust account agreement with the bank
Setting up a cross-company cash pooling agreement with examination and consideration of insolvency and tax law issues in the respective jurisdictions
Introduction of an ERP-supported clearing system for booking
Introduction of a limits and monitoring system for intercompany lending
Control and disposition of bank accounts via TMS system

Outcome

Successful implementation of corporate financing
Reduction of operational bank accounts within 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 control and planning of the group-wide cash flow

Customer reference

Customer portfolio: Railroads, rail logistics, chemistry, and petrochemistry
Product portfolio: Rental of tank and boiler cars, intermodal cars, bulk cars, rail logistics, tank container logistics

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