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EuroFinance 2014 – Shared Services, Payment Factories,
POBO and COBO
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Agenda
Company Overview
Treasury Organization
Shared Service Centers
Payment Factory
Payment on Behalf (POBO)
Collection on Behalf (COBO)
Questions
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Revenues & People
Data based on year-end 2013
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Agriculture
Demolition & Scrap
General Construction
Heavy Construction
Landscaping
Pipeline
Quarry & Aggregates
Waste
Construction Industries
Wheel Loaders small, medium
compact, small and medium
Track Excavators mini, small, medium and large
Multi-terrain Skid Steer Loader
Telehandlers
Track-type Tractors small and medium
Wheeled Excavator
Motor graders
Backhoe Loader
Pipelayers
Compact Track Loader
Select Work Tools
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Surface Mining
Underground Mining
Paving
Forestry
Components
Electronics
Control Systems
Resource Industries
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Industrial Power Systems
Large Power Systems
Electric Power
Marine & Petroleum
Solar Turbines
Progress Rail
Electro-Motive Diesel
Energy & Transportation
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Peoria RTC
Three Regional Treasury Centers (RTC) : Collect & provide cash for Caterpillar entities acting as In-House Bank
Geneva RTC
Singapore
RTC
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Regional Shared Service Centers
Panama
Belfast
Tianjin
Bangalore
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EAME System %Trans
NA Systems % Trans
A/P SSC Challenge - Systems
LAPD Systems % Trans
APD Systems % Trans
1 SAP 41%
2 MFG/Pro 30%
3 MAXCIM 24%
4 DataSul 5%
5 Unknown 0%
6 Aspel COI 0%
7 BLIS / COI 0%
8 CAPS 0%
1 CAPS 94%
2 Unknown 3%
3 JD Edwards 1%
4 MFG/Pro 1%
5 MACPAC 1%
6
Mfg Facility - SAP R/3
(FG Wilson); Spares -
ACPAC 0%
7 Microsoft Dynamics GP 0%
8 SAP 0%
9 ACCPAC 0%
10 Adagio ,CAPS 0%
11 Mapics 0%
12 Navision 0%
1 SAP 37%
2 SAP(CBS) 36%
3 JD Edwards 19%
4 Unknown 8%
5 Kingdee 0%
6 UF System 0%
1 SF 60%
2 MFG/Pro 13%
3 SAP 5%
4 SAP-FI, EVE,Hansalog 4%
5 SF,Local GDS 4%
6 Glovia AP 3%
7 JD Edwards 2%
8 Chess 2%
9 PEGI 2%
10 Basware Scanning System 1%
11 Local Grimbergen system 1%
12 MS Excel Sheets 1%
13 Unknown 1%
14 Mapics 1%
15 1C 0%
16 EASYOPEN 0%
17 Topaccount 0%
18 SAGE 0%
19 Microsoft Dynamics GP 0%
20 External Bureau 0%
21 AS400 0%
22 ACG2-IBM 0%
23 Navision / Dynamics 0%
24 Tally 0%
*
*
*
*
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SSC Benefits Challenges
• Standardization
– Common Processes
– Common Controls
• Economy of Scale
– technology
• Center of Expertise
• People career
• Turn over
• Entity resistance
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Caterpillar Payment Factory Setup
Bank Statements / Payments
Treasury
Bank Statements / Payments
Payment
Factory
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Payment Factory
Benefits Challenges
• ERP / Bank agnostic
• Standardization
Processes / Controls /
Approvals
• Visibility
Payments / Balances
• User Access control
• Security
• Contracts
• Technical
• Entity resistance
• Standards
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In Country Funding Centers (ICFC)
EMEA RTC
ICFC
France
Company
A …
…
ICFC
CSARL
Company
C …
…
ICFC
Germany
Company
B …
…
In Country Funding Centers (ICFC)
Centralization of liquidity while providing daily availability
Entities and ICFC are linked with In-House accounts and zero balance sweeps
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Shared Accounts – payment on behalf
ICFC Master Accounts • Owned by ICFC
• Managed by RTC
$
CHF
GBP
JPY NOK
SEK CAD
€ - CCS SARL (ZA)
€ - CFSAS – activity (SD)
€ - CHF SAS (KI)
€ - CLS SARL (J9)
€ - CLMLS SAS (L3)
€ - CLS SAS (PY)
€ - CMR SA (R9)
€ - CTF SARL (KY)
€ - CFSAS – salary (SD)
€ - CFSAS
Accounts in France
for all domestic activities in €
Accounts in Belgium
for all non € domestic and
non domestic activities
Shared Accounts owned by
ICFC and used by all
French Entities
(Payment on Behalf Of)
€*
Operational Accounts • Owned by each legal
entity for their activities
Master ZBA
account
€ - Euronov
€ - CC SARL
€ (new)
RTC Accounts $
CHF
GBP
JPY NOK
SEK CAD
€*
ZB
A Z
BA
Currency
ZBA accounts
ZB
A
€ - CTF (in FR)
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Payment On Behalf Of (POBO)
Benefits
• Reduce bank accounts
• Reduce cash balances
• Reduce costs
• Automation
Challenges
• Volume reconciliation
• Rejects
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Collection On Behalf Of (COBO or ROBO)
• Not Implemented yet
• Identification of beneficiary of funds
• Manual process
• Potential for Virtual Accounts?