Headquartered in Duisburg, Germany, Imperial Logistics is an African and European-focused provider of integrated market access and logistics solutions. With a focus on five key industries -healthcare, consumer, automotive, chemicals and industrial – it takes its clients’ products to some of the fastest growing and most challenging markets in the world. The two divisions Imperial Transport Solutions and Imperial Supply Chain Solutions cover Imperial Logistics International’s full range of services. With 9,000 employees at 170 locations, Imperial Logistics International generates 1.6 billion euros in revenue annually.
The Imperial Logistics Treasury Scenario
When a company grows through acquisitions and the number of subsidiaries, banks and accounts keeps increasing, it becomes harder for Treasury to stay on top of things. This is what happened at Imperial Logistics. In 2012, the company acquired the Lehnkering Group, resulting in 150 legal entities, 200 bank accounts at approximately 40 banks, seven cash pools, many different signatory powers, and manual workflows – all managed without any dedicated Treasury system. It was clearly time for change. And for the company’s Head of Treasury Markus Stenkamp, transparency was the priority.
With the TIS cloud platform, his company now has a payments solution that is a perfect fit for his needs. Today, Imperial Logistics’ treasury group has a full overview of all the payments processed globally, and can check the time, amount, payment initiating system, and more – including who has signatory rights over each payment.
Download the full success story below to see how the Imperial Logistics treasury team transformed their global payments and bank connectivity processes by adopting the TIS solution.
