Henkel Adopts Trema’s Cash Management Module For Company-Wide Cash Positioning

Henkel Corporation is to implement the recently launched Trema Finance KIT Cash Management Module (CMM) to handle all its treasury’s cash positioning needs, including balance detail reporting, throughout the North American treasury group. The Cash Management Module will also integrate with the Trema Finance KIT installation at the European treasury headquarters of Henkel Corporation’s parent company in Düsseldorf, improving data transfer efficiency worldwide. Henkel Corporation is the North American subsidiary of Henkel KGaA, a global manufacturer and vendor of consumer products and industrial system solutions in international markets. Trema Finance KIT CMM will entirely replace Henkel Corporation’s existing cash management system and will interface with Henkel’s general ledger system facilitating the download of accounting data on a regular basis. The system will enable the centralized United States (US) treasury operation to download information from Henkel Corporation’s operating groups and perform domestic and international wire transfers. Key components of the Cash Management Module include: payment factory; in-house banking; cash positioning & cashflow forecasting; and web-based technology.


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