Design and implementation of a global payment platform for a German premium car manufacturer

BearingPoint assists a German premium car manufacturer in the restructuring of its international payment processes and further supports in the implementation of a global payment platform, aiming to standardize and improve the effectiveness of its firm-wide payment processes. The solution will ensure a global and centralized liquidity management.

• Reduction of the number of local bank accounts and selection of only a few global banks.
• Introduction of an internal payment process for intra-group payments to increase effectiveness of intercompany reconciliation and netting.
• Lower transaction costs through the implementation of a centralized payment process for external payments optimizing payment schedules and routes.
• Centralized cash management and liquidity planning significantly improves the use of the group-wide available liquidity.

• Definition of target processes, design and implementation of software solution in close cooperation with business and IT department
• Integration in current system landscape
• Adherence to compliance regulations
• Hands-on training of employees
• Early engagement of local management
• Identification and coordination of project dependencies