Adam Smith Awards: Baloise Group
23-04-2021 5 min read
Best Working Capital Management Solution
How Baloise fundamentally changed its working capital management architecture
As an insurance company, Baloise was affected by the financial crisis and the subsequent low interest rate environment. Robust cash reporting and liquidity planning are therefore key to ensuring that the guaranteed interest rates and corresponding returns can be paid out to customers.
A new payments solution was required to handle the new formats. Following a request for proposals, the insurer selected the SAP-based FS² Payments solution by Serrala and has subsequently implemented FS² AutoBank as well FS² CashLiquidity and FS² Treasury for optimising the cash management and the limit management processes.
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