![]() A further 26% used technology from software developers (a smaller proportion than last year) and just 4% had developed their own solution.Īs the report explains, banks and software developers now tend to offer very similar software packages (including StarMoney, Windata, SAP Business One and Microsoft Dynamics Navision). Of the companies that did have a solution in place, 70% of them said they were using software from their bank. However, it may also be because, at some companies, the impetus to adopt these technologies is that much stronger.” According to the findings, one possible factor is the company size. “That said, there appears to be disparate uptake. the European Payment Services Directive II, such systems have become more user-friendly and multi-bank capable,” he told The Global Treasurer. “Following the latest regulatory developments, e.g. Volker Wittberg, the academic head of the study at FHM.įrank Oliver Wolf, head of Sales Payment Transactions and Foreign Trading Germany at Commerzbank, adds that the greater adoption of cash management systems comes down to digitalization and regulation. ![]() “There are certainly smaller companies which make full use of cash management systems that involve several employees, for example if the monitoring of incoming payments are the direct responsibility of individual employees in sales,” said Prof. These differences are as much a matter of the company’s ethos as the company’s size. While some companies use very simple systems, managed by a single employee, others consider cash management the remit of the entire finance department. However, the study also found a striking lack of uniformity between one business and the next. Now it is more than half (54.5%), indicating that the demands placed on financial management are increasing. Three years ago, the figure was just over a third (36%). Compared to 2015, the most revealing finding was an uptick in the numbers using cash management software.
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