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Cash & Liquidity Management
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Using Virtual Accounts to Optimise Cash Management

by Rainer Stirn, Head of Treasury - Cash Management, B. Braun Melsungen AG

B. Braun’s focus on harnessing technology innovation to develop high quality solutions and services is not only apparent in the design and delivery of its healthcare solutions. In treasury too, B. Braun is embracing the latest technologies to achieve its liquidity, risk and operational objectives, and deliver the best possible solutions to group companies. In this article, Rainer Stirn, Head of Treasury – Cash Management discusses how treasury has adopted UniCredit’s virtual account solution to optimise its in-house bank and payments factory, and simplify cash management.

Treasury and cash management organisation

We have a group treasury organisation based at our headquarters in Melsungen, Germany that acts as a service centre to our group companies around the world, with a regional treasury centre located in Singapore. Our primary objective is to ensure that group entities meet their financial obligations at the lowest cost whilst remaining within our risk parameters. We engage in all aspects of liquidity management, financing, asset management, risk management (e.g., FX and interest rate) and bank relationship management.