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
https://www.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
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
