Efficiency through a global coverage concept
ISS has also been operating in the German market since 1960. Having supported the company’s successful initial public offering, Deutsche Bank also supports ISS to control its European cash management and offers flexible working capital solutions. This enables the company to mitigate the impact of longer client payment terms on its balance sheet.
It was deemed that a flexible working capital solution could secure the liquidity required. For this purpose Deutsche Bank enabled ISS to participate in existing supplier finance programs of the bank’s global client base. ISS benefits in many ways from the fast and efficient integration in these programs. The decentralised cash management structure in Germany was improved by implementing centralised cash management and through intelligent incorporation into a European cash pool.
Following Deutsche Bank's global coverage concept for multinational corporations each solution was implemented in close coordination with the local ISS companies and ISS A/S. The implementation steps were agreed in an initial meeting where Deutsche Bank’s global client service team and all partners had regular exchange. The close cooperation enabled the fast and successful implementation of all projects.
While buyers profit from extended payment terms, such programs improve the liquidity planning of suppliers. Depending on liquidity requirements, suppliers can flexibly decide which receivables will be pre-financed by Deutsche Bank. The control of the liquidity achieved has been optimised through the implementation of central cash management.
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