PERFECTION IN DETAIL. WORKING CAPITAL MANAGEMENT

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1 2 PERFECTION IN DETAIL. WORKING CAPITAL MANAGEMENT

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3 4 COGON WORKING CAPITAL MANAGEMENT GET MORE OUT OF YOUR IN-HOUSE RESOURCES AND SUSTAINABLY STRENGTHEN YOUR PROCESSES! The key to successfully managing a company s working capital is the analysis and improvement of its financial processes. To sustainably optimize your processes and release valuable liquidity, you have to know your processes extremely well. Would you like to know how your net working capital has developed over a period of time instead of only looking at individual reporting dates, for example when you are evaluating your balance sheet and income statement? In your company, how quickly are invoices generated after a product or service has been delivered? Are there improvement potentials in this area? How many of your clients receive discounts? Are you measuring the bottom-line impact of granting these discounts? If these issues are important to you, it is time to consider modern working capital management. Working capital management is the solution because these questions cannot be answered by applying traditional measurement methods as they generally only enable a purely static reference-date assessment and only provide insights into the three most important key figures: Days Sales Outstanding (DSO), Days Payable Outstanding (DPO) and Days Inventory Outstanding (DIO) - plus they also exclude source causality. For this reason, we have developed cogon Working Capital Management, an innovative tool that lets you implement a complete dynamic analysis of your financial processes, answer all of the aforementioned questions as well as easily answer all of your other working-capital related questions. It s only when you know your processes extremely well that you can sustainably optimize them for your company. Our software makes it possible for you to easily implement an automated, comprehensive and ongoing analysis of your debit-side and credit-side processes. The benefit: You can introduce optimizations for your financial processes immediately, leading to the release of valuable liquidity! Frank Gastl CEO cogon GmbH

4 5 Innovative Software Enables Dynamic Analyses cogon s Working Capital Management solution applies cutting-edge business intelligence technology to analyze mass data, letting you monitor and optimize your net working capital. It focuses on analyzing your debit-side and credit-side financial processes, as the greatest latent improvement potentials are in the assessable area of finance. More Comprehensive Key Figures Automatically In addition to the DSO and DPO key figures, for the first time other indicators such as vendor and customer payment terms, billing time, outgoing payment management, credit control procedures, discounts, payment behavior etc. are also comprehensively taken into account. The laborintensive manual collection of all of the relevant data is now a thing of the past as cogon Working Capital Management automatically evaluates your transaction and supporting data. Real-time Analysis The software provides you with a dynamic analysis of your real-time data. The results are clearly displayed on the centralized, interactive dashboard. It lets you immediately identify the cost drivers impacting your balance sheet and income statement and as a result, you can quickly introduce optimization measures. To customize your analyses, you can flexibly and independently define the criteria that determine what will be included in your evaluations, compare figures on your enterprise s companies, display individual customers and much more. Sustainably Optimize Your Processes Extreme transparency, exceptionally flexible reporting and clearly presented real-time management information let you continuously monitor your process costs. Subsequent to the uncovering of process inefficiencies, an internal benchmarking to the goal line can be made and this creates additional incentives to sustainably optimize your company s financial processes. Using internal measures, SOFTWARE BENEFITS Dynamic analyses Analyses based on transaction and supporting data Automatic evaluation as per defined criteria Flexible reporting accommodates individual requirements Wide range of key figures Scenario simulations Interactive dashboard provides a clear overview a number of processes can be easily enhanced, for example, by shortening the billing time, optimizing receivables management, prevention of advance payments in payment runs and taking advantage of vendor discounts. In other areas, additional external measures such as negotiating with customers and vendors will be necessary. The ability to conduct a precise analysis of the current situation and implement simulations is key to establishing an internal acceptance of the process owners and to fully exploit all of the potentials. cogon Working Capital Management is a unique solution that centrally displays for you all of the potential improvements it has identified as having a positive impact on liquidity or on profits. Flexible Reporting You can create reports tailored to your company at any time by using the software s intelligent criteria and automated processes. These reports are stored as historic reference data, enabling ongoing controlling of your working capital key figures. This lets you sustainably improve your processes and release valuable liquidity.

5 6 Best Results An efficient management of your working capital is the key to mobilizing your internal resources. Your positive external visibility with customers, vendors and investors will also improve. Favorable working capital key figures indicate that you work very efficiently and professionally. To Fully Exploit the Potentials, Take Advantage of a Sophisticated Consulting Concept YOUR BENEFITS Improved internal financing capability Sustainable release of liquidity Ongoing controlling Durable process optimization Extreme transparency for all relevant processes To ensure that you can quickly reap the software s benefits and obtain the best results from the start, we offer a customized consulting concept. We jointly analyze the goals you would like to achieve and the best way to implement them. We will jointly define individual measures and help you with their implementation and the internal controlling of the project. With our targeted coaching approach you will be well able to continue monitoring your working capital key figures, even after the project s implementation. The long-term success of your project and the sustainable optimization of your working capital are ensured. WORKING CAPITAL Key Figures and Reports DEBITORS CREDITORS DSO Key Figures DPO Key Figures Billing Time Payment Conditions Payment Conditions Payment Run Control Payment Behavior OVERVIEW DEBITORS OVERVIEW CREDITORS COMPLETE OVERVIEW WORKING CAPITAL

6 7 Your Partner for Innovation: cogon The cogon GmbH is one of the leading software providers of financial solutions. With a clear focus on the optimization and professionalization of the entire financial process chain we have been creating tangible added values for our customers for more than 10 years. A holistic approach is central to our products and services from the development of innovative software solutions to banking and technical consultancy. Renowned customers from all industry sectors benefit from our comprehensive IT services that are based on the extensive know-how of our development, consultancy and project teams. The success and the innovative strength of cogon are based on the expertise of our employees which positively influences the consistent further development of our solutions a guarantee for best practices and highest quality. As we develop the solutions ourselves, customers can rely on our know-how for an optimal project implementation, a professional support service and consultancy throughout the entire project. Flexibility due to a modular and extendable service offer, fast and seamless integration in existing system landscapes, pioneering technologies this is what makes our solutions stand out in the market. With this we have not only convinced our customers, but also independent expert committees. Several awards confirm the innovative quality of our solutions. Our products are always developed on the basis of up-to-date standard technologies so that our customers benefit from numerous advantages. You obtain highly efficient tools that are easy to use and put into operation quickly. Moreover, maintainability and scalability are positively influenced. cogon GmbH Oldesloer Straße Hamburg Germany Tel: Fax: info@cogon.de Copyright 07/2015 cogon GmbH. All rights reserved. SAP is a registered trademark of SAP SE.

7 8 HANSE ORGA GROUP A HOLISTIC APPROACH FOR YOUR FINANCIAL PROCESSES Since 2014, Hanse Orga has united the three entities Hanse Orga GmbH, cogon GmbH and SymQ GmbH under one umbrella: the Hanse Orga Group. Already today, more than 1,000 customers benefit from our leading and specialized solutions and services. As Hanse Orga Group we are a one-stop shop for your financial supply chain management. We offer specialized SAP add-ons in form of the Hanse Orga FinanceSuite modules, innovative and ERP-independent financial solutions of cogon and a competent SAP treasury consultancy by SymQ. With our integrated approach of modular software solutions and specialized SAP consultancy we are able to create added value for our customers. Since 1984 we have been developing modern financial solutions always having our finger on the pulse of the time. With a dedicated focus on the end-user experience, our technology is developed and continuously improved by financial professionals for financial professionals. Our customer-centric approach has resulted in technically sophisticated and economically elaborate systems. Coupled with high-level advocacy this is a proven recipe for best practices and sustainable quality. The integrated and SAP - certified solutions of the Hanse Orga GmbH offer companies a very useful add-on to their existing SAP landscapes. They help significantly enhance efficiency in the areas of account reconciliation, cash management, liquidity planning, treasury management, payment factory and electronic bank account management. The particular focus of cogon GmbH is on innovative and ERP-independent financial solutions for payments, cash application as well as cash, liquidity and treasury management. Flexibility, an extendable service offer and the easy integration into existing systems mark out our solutions. From global player to mediumsized companies companies can significantly benefit from the competent SAP consultancy of SymQ for the areas of finance and treasury. The consultancy approach ranges from strategy development and solution design via the implementation to the continuous process optimization in SAP.

8 9 cogon GmbH Oldesloer Straße Hamburg Germany Tel: Fax: