Find out where your Cash Management stands in comparison to the Benchmarks of the Best Performers.
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Cash Management Benchmarks in CEE
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Cash Management Benchmarks in CEE
On 22nd May, 2007 the FinanceTuner invited their clients and prospective customers to a presentation of general trends and developments in the European banking markets. In three case studies CEOs of corporations highlighted their strategies and fields for optimizing Cashmanagement The experts: Roland Kraus: CEO FinanceTuner Consulting GmbH
in CEE markets.
Ernst Schinewitz: CFO Brenntag CEE
Thomas Reiter: CFO Brenntag Austria
Filip Cino: CFO Brenntag Slovakia, Czech Republic
Michael Beck: Regional Controller CEE Messer
Robert Mustac: CEO Messer Croatia
Photo (l.t.r.): Mustac, Beck, Kraus, Schinewitz, Cino
1. Trends in CEE banking (Roland Kraus - FinanceTuner) 2. More transparency with Benchmarks (Roland Kraus - FinanceTuner)
Several studies give evidence: gross earnings of eastern European banks is double in size of western european banks. Austrian banks and international bank corporations report fastest increases in CEE. But the progress will be different in some CEE markets, also services and price levels. This is an additional challenge for the local management and corporate cash management.
What are acceptable terms and conditions for financial services? With FinanceTuner’s support and benchmarks best performance in cash management is guaranteed.
3. Intenational corporations and their counter-strategies
The case-studies of Brenntag CZ and SK and of Messer HR showed in breef the results of FinanceTuner’s benchmarking and all cash-related savings and improvements.
During the final buffet all participants discussed their experience in CEE-Markets with the experts.
Downloads of presentation: see client-login (registration required)
Statement
You would like to know whether you are among the Best? FinanceTuner® shows you exactly where optimization possibilities exist for you to improve your financial results.
Roland Kraus Senior FinanceTuner
Current Success Story
UPC Telekabel
By optimizing the domestic and international payments system as well as the interest-optimizing funds placement, this Austrian subsidiary achieved unexpectedly large savings. Currently, Cash Management Benchmarking is being carried out for many of the subsidiaries in CEE and Western Europe.