German manufacturer TEKA opts for Altin’s cash management platform

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Altin Cash Management Solutions has been selected by TEKA Group to run alongside Kyriba’s SaaS solution, in order to automate the company’s cash management process, it has been announced.

Part of the Altin Solutions Group, Altin Cash Management is formed of a team of treasurers-turned-consultants that use their experience in the field to help companies streamline their financial processes. The company partners closely with Kyriba and is its exclusive representative in Spain and Portugal.

TEKA, which specialises in the manufacture and marketing of kitchen and bathroom appliances, has implemented the new system to manage its cash positioning, banking reconciliation, debt management and bank connectivity. Its Corporate Treasury Department said of the new platform implementation: “[The] Kyriba solution has been selected to allow us an important improvement of all our treasury processes. In this way, the control and management of our banking positions will provide significant economic savings in addition to the hardware savings and deployment time in more than 33 countries offered by Kyriba’s technology in the cloud.”

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