Centralization where it makes sense
Company Size
1,000+
Region
- America
- Europe
Country
- Germany
- Switzerland
- United States
Product
- TIS Platform
- SAP S/4HANA
- Bank Account Manager
- Bank Statement Manager
- Bank Transaction Manager
Tech Stack
- SAP Integration
- XML Standard
- IDocs
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Digital Expertise
- Productivity Improvements
Technology Category
- Application Infrastructure & Middleware - Data Exchange & Integration
- Functional Applications - Enterprise Resource Planning Systems (ERP)
- Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries
- Consumer Goods
- Retail
Applicable Functions
- Business Operation
Services
- Cloud Planning, Design & Implementation Services
- System Integration
About The Customer
Oettinger Davidoff AG, headquartered in Basel, Switzerland, is a family-operated business with a history dating back to 1875. The company operates in two main lines of business: wholesale, sale, and logistics in the Swiss market, and the manufacture, marketing, and sales of premium cigars, tobacco products, and accessories in the retail market. With revenues of 595 million Swiss francs and over 3,600 employees worldwide, Oettinger Davidoff AG is a significant player in its industry, known for its commitment to quality and innovation.
The Challenge
Oettinger Davidoff AG faced challenges in obtaining a better overview of liquidity and standardizing payment transaction processes. The company aimed to establish straight-through processing of important payment transaction streams from the ERP, gain a better overview of daily cash flows, and improve efficiency in working with SAP through automated collection of account statements. The restructuring of the ERP landscape and migration to SAP S/4HANA presented an opportunity to centralize payment transactions and manage accounts more effectively.
The Solution
Oettinger Davidoff AG implemented the TIS platform integrated with SAP S/4HANA to centralize and streamline its payment transactions. The TIS platform, with its modules like Bank Account Manager, Bank Statement Manager, and Bank Transaction Manager, provided a comprehensive solution for managing bank accounts, processing payments, and collecting electronic account statements. The integration with SAP allowed for straight-through processing of payment streams, reducing manual efforts and increasing efficiency. The company strategically centralized about two-thirds of its 75 accounts, covering Europe, the USA, and offshore accounts, to achieve better liquidity access and cost savings.
Operational Impact
Quantitative Benefit
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