Case Study
Standardized Global Payments at Herrenknecht
Source: Herrenknecht The Challenge Due to the capital intensity in the production of tunnel boring machines, the control of currency risks, receivables management and, above all, group-wide transparency of liquidity plays a crucial role for Herrenknecht. The machine manufacturer is also faced with a large volume of outstanding and necessary guarantees. Given its international expansion into new countries and the steady growth of the compan