In the past, Heidelberg operated „Finavigate“ from Siemens as a fully functional in-house bank, to which all corporate subsidiaries were connected. In this way, foreign payments were carried out by the parent group on behalf of the subsidiaries. However, there was a lack of control and transparency over payments, which had to be conducted locally by the foreign subsidiaries due to regulatory, technical or cost reasons.
As „Finavigate“ was no longer supported by the system provider, Heidelberg sought a new solution. The company saw the necessary system replacement as an opportunity, to further centralise global payments and to improve bank connectivity as well as SAP integration.
Additional challenges faced by Heidelberger Druckmaschinen AG were:
How did Heidelberger Druckmaschinen AG achieve transparency and control over all payments? Read more in the success story together with TIS.
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