TenCate Grass organizes their treasury ready to scale with Trinity
TenCate Grass - Trinity Treasury Management System

TenCate Grass organizes their treasury ready to scale with Trinity

Trinity has more than 20 years experience in leveraging digital innovation to solve specific treasury problems at scale. This case study describes advantages and benefits of implementing the Trinity Treasury Management System at TenCate Grass, the world leader in synthetic turf fibres and components.

Liquidity planning and forecasting, more real-time, more global

The Trinity Treasury Management System gets the fundamentals like liquidity planning and forecast done perfectly well while helping treasury to become more strategic. An individual forecast structure plus Trinity‘s collaboration capabilities with TenCate Grass‘ regional controllers worldwide enables an efficient and effective control of the capital‘s structure management including intercompany loan portfolio, global netting process, guarantees and FX risk.

The customer: TenCate Grass is a Dutch multinational company and the world leader in synthetic turf fibres and components for top-flight sports, recreation and landscaping. The group is active globally with a strong presence in Europe, the United States and the Asia-Pacific region. A consolidation phase has begun in which TenCate Grass is fully participating with a combination of organic growth and strategic M&A.

Industry: textile, synthetics, chemical processes

Company size: 322 million € (2017)

What was the problem?

  • Liquidity planning and forecasting, more real-time, more global
  • Increasing competitiveness and the increasing speed of product development to meet fast-changing market requirements required a more efficient and effective management of liquidity
  • Collaboration and communication with regional controllers worldwide via Excel was time consuming and error-prone
  • Treasury had to support the active acquisition strategy and scale with the fast growth  Treasury was not recognized as a significant contributing factor to the overall success of the company

What were the customer‘s requirements?

  • Agile, fast, effective real time implementation
  • Achieving efficiencies right now with a practical, reliable and, most important, scalable fully integrated treasury solution
  • Improving collaboration and communication with regional controllers worldwide
  • Enabling and supporting the company‘s active acquisition and fast growth strategy with a real-time and global clear view on liquidity, payments and bank balances, intercompany loan portfolio, global netting, guarantees and FX risk

Which advantages and benefits did Trinity deliver?

  • Liquidity planning and forecasting, more real-time, more global
  • Creating an individual forecasting structure in the liquidity planning tool allowed treasury to do things worldwide and real-time
  • Easy and reliable collaboration and communication with regional controllers worldwide via uploading Excel sheets
  • Allowing treasurer‘s focus on the overall picture and strategic analysis
  • Improved auditing acceptability
  • Scalable added value of treasury department
"I always have a clear view on liquidity and risks. My treasury is ready to scale. I can certainly recommend Trinity."
TenCate Grass organizes their treasury ready to scale with Trinity
Jan Teekens
CFO of TenCate Grass

Conclusion

TenCate Grass group strategy in a highly competitive and consolidating market is based on competitiveness, speed of product development and a combination of organic growth and strategic M&A. Treasury supports this strategy with Trinity, leveraging digital automation to solve specific treasury problems. The treasury department is not only operating efficiently at scale while managing appropriate operational, audit and regulatory controls but as well is enabling and supporting the active acquisiton strategy and new business models.
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