TIMETOACT

Wintergerst assists the TIMETOACT Group with the implementation of various treasury projects

As part of its successful growth strategy, the TIMETOACT GROUP decided to create a German-wide cash pool. In parallel, a group-wide strategy was established to hedge its interest and foreign exchange exposures. Wintergerst assisted the implementation of these projects.

The TIMETOACT GROUP is a leading digital transformation expert and provider of high-quality IT and consulting services. With its workforce of almost 1,000 employees spread over 16 cities in Germany, Austria and Switzerland, the group of companies offers an extensive portfolio of software and consulting services in cloud transformation, data, software and system engineering, process automation & optimization as well as identity and access management. These are used for such fields as employee experience, business applications and customer experience for companies at the higher end of the middle market as well as corporations and public institutions.

As its successful growth strategy continues to evolve, the TIMETOACT GROUP decided to implement a number of treasury projects to raise efficiency and realize synergies within the group. In the course of developing a hedging strategy for its interest and forex exposures, and to create the formal framework conditions for its implementation, the main focus of the project assigned to Wintergerst was to set up a cash pool for the German companies of the group. In the process, Wintergerst coordinated the required credit processes and their contractual implementation.