Grupo Antolin – In-house Cash SAP Solution

The Customer: Grupo Antolín

Grupo Antolín is a Spanish multinational leader in the design, development and manufacture of automotive interior components. With a total turnover of around 2,200 million Euros in 2010, operates in 23 countries with 86 plants and 20 technical sales offices. Grupo Antolín has over 11,500 people working in order to achieve full customer satisfaction.

Industrial tradition, financial strength, innovation, quality and respect for the environment, create the differential value of a company like Grupo Antolín in its constant expansion. The ability to research and development is a cornerstone of the strategy of Grupo Antolín, allowing it to offer multi-technological products through the large domain of knowledge areas: materials, advanced simulation techniques, electronics, industrial process safety, acoustics and vibrations, etc.

The Challenge: Setting up an enabling advanced treasury management.

In this environment, «SAP In-House Cash» solution allows an international company like Grupo Antolín, managing flows of domestic and foreign payments effectively, optimizing company liquid resources, and thereby achieving a capacity of bank trading and high level decision making.

The Project: Implementation of SAP In-house Cash Solution.

During the implementation of this solution, a «SAP In-House Cash Center» is set in the system and used as a central tool to process payments between individual business units.

SAP In-House Cash

The «SAP In-House Cash Center» is like a virtual bank in which the subsidiaries have checking accounts. For those companies that are part of the group, «SAP In-House Cash Center» is just another house bank that is mostly used to process payments and receipts involving other group companies.

At the same time, the «SAP In-House Cash Center» can be used to make centralized payments to outside companies (non-group). This allows the application to register accounts of external companies, allowing their inclusion in the compensation process.