An Interview with Thomas Dohmen, CEO Treasury and Finance and Uwe Herrmann, CEO Product Development, bdf Consultants
In this month’s Executive Interview, we feature Thomas Dohmen and Uwe Herrmann of bdf Consultants, based in Dusseldorf, Germany, who discuss the company’s innovative new cash positioning tool, the Cash Cockpit, which supplements corporate customers’ SAP installation.
Not all our readers will be familiar with bdf Consultants. Please could you tell us more about the company?
We provide consultancy to multinational corporations both in Germany and across Europe, with a focus on optimising our customers’ use of SAP across a broad range of business applications, including cash and treasury management. We have around 45 consultants, including business and SAP technical expertise, and SAP development resources.
What is the background to the development of the Cash Cockpit?
The Cash Cockpit provides a complete, integrated view of the daily cash position, including bank statement information and maturing treasury transactions.
Over recent years, our customers have increasingly asked us to become involved in treasury and payment-related projects, and consequently, we have built up a specialist consulting team in this area. One particular topic of concern amongst our customers was that their SAP installation lacked the functionality and tools that they required for their daily cash disposition.