BearingPoint is a global management and technology consultancy firm that advises clients in financial services, government and commercial services.
The company has its headquarters in Amsterdam (the Netherlands) and offices in 17 countries.
BearingPoint wanted to reduce the risk of being non-compliant and reduce the number of bank relations. In addition, it needed a solution for the transition to SEPA. Therefore, BearingPoint developed a bank strategy and selected TIS for the implementation of Bank Communication and Bank Account Management.
With the goals of reducing risks and compliance issues as well as to reduce the number of bank connections, BearingPoint was up against the following challenges:
• Reduce the number of banks in line with the new bank strategy
• Deliver transparent financial reporting and firm-wide cash position overview
• Improve compliancy and governance by implementing a professional Bank Account Management system
• Reduce manual work within the Treasury department
How did BearingPoint solve these problems with a single end-to-end cloud solution?
Read more in the BearingPoint & TIS success story.