By Arnault Gitzinger, Head of Group Cash Management, Eurofins Scientific
Complex cash management processes meant Eurofins Scientific had a specific set of demands for its new treasury management system. This case study outlines the biotechnology company’s transition to DataLog Finance’s Treasury Line, and the resulting benefits.
The Eurofins Scientific treasury department has evolved significantly over the past three years, growing from two to seven members of staff – and moving away from a long-term manual management process through the implementation of Treasury Line.
Our cash management needs are particularly complex. We have a large number of subsidiaries and our internal financing rules require funding through internal loans and capital increases, rather than through automated cash pools.