Czech energy supplier Pražská plynárenská, a.s. chose Trinity Treasury Management System
Pražská plynárenská, a.s.

Czech energy supplier Pražská plynárenská, a.s. chose Trinity Treasury Management System

Trinity has more than 20 years experience in leveraging digital innovation to solve specific treasury problems with high usability and high security standards. This case study describes advantages and benefits of the time efficient implementation of the Trinity Treasury Management System at Pražská plynárenská, a.s., one of the most important Czech energy suppliers.

The future-proof Trinity treasury management system was successfully implemented at Pražská plynárenská and fully integrated with ERP by Trinity's partner Management Data Praha.

The Trinity Treasury Management System is a modern scalable system for the Treasury business area, configurable according to customer needs. It consists of a series of modules that the customer chooses according to their intention to maximize the effects for their own business. This means the ability to continuously increase the functionality of the system in line with the growing needs of the Treasury department in the company.

Pražská plynárenská´s evaluation of the Trinity Treasury Management System

After successful implementation from the solution supplier, Management Data Praha, the Treasury Management System Trinity is fully utilized in Pražská plynárenská. Trinity brought to the PP Group the optimization and improvement of financial flow management. Throughout the implementation, we appreciated the rapid cooperation with the supplier, which has a branch office, IT background and Helpdesk in Prague, although it is a German system.
Jan Maděra, Head of Finance and Treasury, Pražská plynárenská
Jan Maděra
Head of Finance and Treasury, Pražská plynárenská

Pražská plynárenská has chosen Trinity TMS® to:

  • Set up full integration with ERP systems to extract real data from these systems and create a monthly cash flow plan based on real data from ERP systems
  • Replacing of connected MS Excel files by a central TMS solution
  • Moving from manual data entry and bank statements data processing to the full automation
  • Increased auditability, supervision and greater data workflow security
  • Clarifying the outlook for the financing of subsidiaries and increasing the speed of information exchange between the companies of the Group
  • Improving the quality and internal effectiveness of treasury activities and eliminating operational risks
  • Respond to the increase of the volume of treasury activities with the possibility of future development
  • Future connectivity to the integrated Payment Factory platform

Former state:

In the cash-flow planning practice, the manual processing of data within the MS Excel files based on the the previous year´s data prevailed. This was not sufficiently sophisticated and did not correspond to the current needs and security demands of the financial management of the group. Cash-flow management was not based on open items or transactions available from corporate information systems, but merely on data from the past. The exchange of information between departments or subsidiaries was no longer effective. Managing the interconnected Excel files by the main user represented a security risk, both from the point of leaving of the authorized individual and from the perspective of complicated tracing of changes made. The need for manual routine processing of large amounts of bank statement data increased the potential risk of human factor errors and was not flexible enough as the volume of activities constantly increases. Generally – it was a conceptually outdated cash-flow management system.

Final state:

Treasury processes management in Pražská plynárenská, a.s. and in its subsidiaries is performed in a single centralized TRINITY TMS system safely, efficiently and in accordance with current treasury systems market options while maintaining maximum backward compatibility with former proven methods and workflows. There was a significant refinement in the planning of the cash-flow of the entire group, which enabled the efficient deposit of free financial resources or, on the contrary, the usage of foreign resources only in the required amount. This refinement of the cash-flow outlook has resulted in an increase in interest income from deposits and, in the case of a use of a revolving type of external resources, will enable a reduction in interest expense from operative financing through an accurate management of the company’s liquidity. The Trinity Treasury Management System system now has an automated overview of all items from bank statements and quick information on balances of all accounts of the entire group. The implementation brought expected results and took treasury management to a new level.
Pražská plynárenská, a.s.
Pražská plynárenská, a.s.

Client Profile:
Pražská plynárenská, a.s. has long been one of the most important Czech energy suppliers. It reliably supplies almost 420,000 supply points throughout the Czech Republic with gas and electricity.
Over time Pražská plynárenská, a.s. has undergone developments reflecting social changes and technological progress. That is why it is currently a stable, modern and prosperous energy company that is able to respond flexibly and quickly to the changing requirements of its customers.
The main priorities of Pražská plynárenská, a.s. include the provision of comfortable customer service, energy security and a wide range of premium services.
In the long term, it supports new, environmentally friendly and efficient energy technologies such as the use of natural gas in transport. Traditionally, it also supports various public benefit projects, thus actively contributing to the positive development of society.

Management Data Praha - Trinity Treasury Management System
Management Data Praha – Trinity Treasury Management System

Vendor Profile:
Management Data Praha has become one of the main suppliers of software solutions for the banking sector and corporate customers during its existence on the Czech market (more than 25 years). The main specializations include electronic distribution channels, transaction banking and treasury.
In addition to distributing the products of its partners, it provides comprehensive services including product localization, project management, product integration into the client environment, implementation, 24/7 operational support, consulting, training and other application development according to each client’s wishes.