Gaining autonomy with reliable cash management: Hornberger Consulting
Thomas Hornberger, Interim-CFO from Hornberger Consulting, has advised large and medium-sized companies with an annual turnover of 100 million euros or more on how to optimize their processes. He recommends Agicap for better cash monitoring.
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Key takeaways
Macroeconomic crises (pandemic, war, inflation) necessitate a quicker turnaround of the available financial data.
Gathering data from different sources and entering them into a spreadsheet is time-consuming and error-prone. Maintaining the spreadsheet is time-consuming.
Agicap automatically retrieves all incoming and outstanding amounts from the company’s bank accounts and displays them on a dashboard. This means that the cash position is always up-to-date.
Hence the decision-maker can concentrate on interpreting the data and making decisions.
The use of a cash flow management tool in an existing ERP system is very important. The process of implementing cash flow management tools in ERP systems is often too rigid or too expensive. Even in cases where an ERP system is used, Agicap enables cash flow management to be swiftly and automatically set up, and with clear implementation costs.
Hornberger Consulting
Customer’s history
Since 2009, Thomas Hornberger has been working as a self-employed interim CFO. He supports his clients in a wide range of areas: in restructuring, in filling vacancies, in project management and in process optimisation. In order to help his clients gain autonomy with their cash management, Thomas supports them with the implementation and use of Agicap.
Thomas Hornberger likes to introduce Agicap to his clients for their cash management. "In one of my last jobs as an interim CFO, I was faced with the following challenges: the CFO expected a high level of plan accuracy - at a very high speed.” Requirements that only Agicap could meet.
Customer’s needs
Most companies Thomas Hornberger has worked for use different ERP systems
Agicap is flexible enough to integrate with any of them and thus allows the interim CFO to create cash flow forecasts at both company and group level
Solution
What Thomas Hornberger does very often as a interim CFO is to review and plan different cash flow scenarios in order to be able to make the best decisions for a project or to show the management alternative courses of action. "It is usually very complicated to reproduce different scenarios in ERP treasury tools," he explains. "Agicap offers much more flexibility at this stage.”
Since I started using Agicap, planning accuracy has improved considerably in the short and medium term.
From the main scenario, he builds different sub-scenarios that are also based on the current data. In this way, he determines when and if an investment makes sense or when a new project can be implemented. In this way, he can present management with a wide range of possibilities, so that those responsible at this level can make decisions more easily.
Conclusion
Agicap is used by interim CFOs to have a quick cash flow plan when starting work with a new company, as it is well-suited to complement an existing ERP system.
Agicap’s automated aggregation and display of financial data makes high-level decisions easier and leaves less room for chance, which ultimately contributes to the success of a company.
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Other testimonials of interest
Hertha BSC
Business Sector:
Professional sports
Where:
Berlin, Germany
Cashflow Problem:
Coordinating payment flows is a challenging process that involves communicating with accounting and manually updating Excel tables, which can be very tedious.
Hornberger Consulting
Business Sector:
Business services
Where:
Hamburg, Germany
Cashflow Problem:
Anticipate cash flow shortages beforehand, craft scenarios that are based on actual financial data, extend ERP-systems with cash flow management capabilities
M2A Media
Business Sector:
Media Agency
Where:
London, United Kingdom
Cashflow Problem:
Manage multiple entities during internalization, managing different currencies and different banking providers
