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Cash & Liquidity Management
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Smooth Workflows for Financial Issues

by Sandra Brühl, Treasury Associate, Dematic Group

Despite its global focus, one of Dematic’s concepts of success is never to lose the proximity to clients. The resulting challenges are - for the headquarters’ treasury department - as diverse as the international markets in which Dematic takes a leading role. The Integrated Treasury System ITS supports the team in its daily business. Dematic is a global leading provider of intelligent solutions for storage technology, material flow and intralogistics. We combine global presence with detailed knowledge on local business.

So to speak, we are worldwide on site. At 55 locations in 23 countries, around 4,000 employees work on the development of customised logistic systems and services. Financial management is centralised in Luxembourg. Here all information obtained from the subsidiaries is merged within  the treasury service department.

The focus of the three treasury employees lies in the areas cash management, liquidity planning, netting, intercompany finance and FX management. Due to the international project business, the administration of guarantees is also of great significance. An additional responsibility is working capital management. For controlling the treasury workflows, the determination of the liquidity requirements and as a basis for the monthly treasury reporting, Dematic uses ecofinance’s treasury system ITS.

Global liquidity planning

The worldwide efficient interplay within the Dematic Group reflects in its liquidity planning. Approximately 30 contact persons all around the world co-operate closely with the treasury headquarters in Luxembourg. Dematic plans six months in advance on a rolling basis.