Bilfinger needed a new system to consolidate a highly fragmented e-banking system, to achieve group-wide visibility and transparency and to establish secure standards for the entire group. Coupa Treasury’s integrated, multi-bank, multi-country payments solution promised to meet requirements with one seamless system.

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Company Overview

Bilfinger SE is a European company specialized in civil and industrial construction, engineering and services.

Headquarters

Mannheim, Germany

Employees

25,000 - 50,000

Website

bilfinger.com/

Value as a service

15%

Bank Fee Reduction

30%

Reduction in Processing Costs

100%

Increase in Transparency, Visibility and Security

Challenge

20+ separate systems for e-banking and treasury

Complex data reconciliation

Lack of transparency, visibility and security

Solution

Treasury & Cash Management

Results

50% less administrative efforts for account maintenance

100% satisfaction with implementation

Framework for additional projects, such as payments on behalf of (POBO)

"Through the introduction of the Coupa Treasury multi-bank payments platform, we achieved savings of around 15% in bank fees and 30% in processing costs. The administrative efforts for master data, account and user maintenance could even be cut in half."
— Martin Engelhardt, Head of Cash Management/Risk Control, Bilfinge