Successful companies have effective treasuries managed with Trinity
Our customers have spoken:
The Trinity Treasury Management System is world class
We are dedicated to markedly increasing the efficiency of your treasury department with best in class software and support.
A global corporation with 160 subsidiaries and a staff that exceeds 112,000, BASF generates a turnover measured in billions. Headquartered in Ludwigshafen, Germany, the company celebrated its 150th anniversary in 2015.
When searching for improved SAP functionality, BASF learned that the Trinity for SAP solution could be used as an ‘add- on’.
Nicolas Bronke, heading the Trinty engineers and one of the company’s founders, comments:
“The SAP landscape of a company like BASF is quite complex, but the robust architecture of the Trinity Treasury Management System can handle various types of automated interfaces. It is built in Oracle, and after a well-planned integration, it runs almost completely maintenance-free.”
This became a pleasant surprise, as the Trinity standard already offered the majority of the required functionality. With a little customization, the flexible Trinity platform could easily conform to the specific settings BASF required for SAP interfaces, deviation reporting and extensive planning structures. The project was delivered on time and within budget.
Infotheek is one of the largest IT suppliers and the number 1 circular ICT company in Europe has been providing hardware and software solutions for companies in different industries for the past 25 years. The company was looking for a solution to automate their treasury related processes.
Key objectives were to have an automated daily cash report, a reliable view on currency exposure, an up to date view of limits vs utilization and a professional cash forecasting tool, integrated with their ERP system. Following their slogan (Be different, buy smarter!), the Trinity Treasury Management System was selected to do the job.
Mark Visser, Group Treasurer of the Infotheek Group comments:
“Backed with private equity, the strategy of Infotheek is, among others, to grow by M&A. Recently, a couple of acquisitions have been made where, as a result, the turnover of the group has doubled. This certainly created more complexity but fortunately, management acknowledged the importance of modern software solutions and as a result, I got the green light for Trinity.”
The Trinity Treasury Management System was implemented in two phases by the certified BENELUX & UK implementation partner WIELTEC within time and budget.
Every morning a global overview of all the bank balances is available. On a weekly basis, a detailed cash flow forecast is prepared whereby a great deal of this forecast is pre-filled by data from the ERP system. A ‘forecast vs actual’ analysis is done by comparing the forecast sheet with the same forecast sheet, filled with actuals. With the help of ‘cash flow rules’, this actual sheet is generated.
Mark Visser concludes:
I don’t waste time with copy/pasting excel sheets, Trinity allows me to stay focused on the financial strategy and supports us in a professional way, I can certainly recommend them!”
Vion Food Group
Vion Food Group (Vion) is a Dutch based global top 100 food company. Together with a staff of more than 11.500, Vion realised a turnover of EUR 4,7 bln in 2016. The product portfolio of Vion includes fresh pork and beef products for retail, food service, and the processed meat industries.
Typical market characteristics of food producers are high volumes and low margins. This implies a strong sense of cost awareness throughout the Group. Key objectives of Vion’s Group Treasurer include: increasing transparency and streamlining the treasury process as much as possible. Additionally, it is important to provide management with a comprehensive set of reports.In 2016, the Trinity Treasury Management System was selected to replace an older system and support Vion with Liquidity Management, FX Risk, Netting and Financial Transactions.
Vion opted for a by Trinity hosted solution. Main reasons where the high level of security (Trinity offers a private cloud), an up-to-date version of the software and the fact that one party takes the full responsibility of the environment.
Mr. Bak, Group Treasurer of Vion comments:
“Trinity is easy to work with and has many features that help our team to save time. Our department is now well prepared to support the growth of our operations. Take for instance the process of FX trading; on a daily basis 10-20 deals are traded in our deal platform after which they are automatically imported into Trinity (including the back-to-back transactions). Another nice feature is the CFO dashboard tool, that allows management to check the financial situation via a smartphone app. We were one of the first users of this new feature and, although it took longer than planned, Trinity delivered a CFO dashboard that was 100% in line with our wishes. When starting an IT project, people from different disciplines and cultures need to work together. I know from experience that you will always encounter situations where some things go differently than expected. Needless to say we had our share. Looking back, it was good to see that Trinity took their responsibility. They have a personal touch, I can certainly recommend them!”