ITAB Shop Concept AB
ITAB Shop Concept sells, develops, manufactures and installs complete shopfitting concepts for retail chain stores. The company’s comprehensive offering includes custom-made shopfitting concepts, innovative solutions for checkout areas and professional lighting systems. To further enhance the shopping experience, it has developed a standardized digital solution for physical stores. ITAB has operations in approx. 30 countries and approx. 20 production facilities in Europe and China.
At ITAB, keeping track of the group’s cash flows and liquidity (cash visibility) used to be a time-consuming task. About a year ago, we decided to start working with the tm5 treasury management system and it has eased our workload substantially. We can now view cash flows and liquidity on a day-to-day basis to track whether these are moving in the direction of our cash forecasts. We now use the LMCash component which CORE Process has helped us tailor to our needs. Our intention is to expand our use of tm5, module by module. A huge advantage of tm5 which allows us to streamline our processes is the facility to view cash flows and exclude transactions such as group contributions, internal dividends, internal and external changes, etc. This enables us to focus on the real currency exposure of our cash flows. During the tm5 implementation period, we received very good treasury support both through meetings and workshops and through continuous phone support. The treasury consultants at CORE Process are always there for us, are easy to contact and provide us with professional advice and solutions. Crucial for us was the flexibility of the system in combination with quick and competent support and of course a competitive price in relation to our ROI.
JOHAN ISAKSSON, GROUP TREASURER, ITAB SHOP CONCEPT AB
Simplicity, dedication and efficiency. And a huge dose of safety.