TENNANT COMPANY

“The FiREapps tools are easy to use and critical to our analysis. They bring issues we might not otherwise detect to our attention quickly so we can address them and make adjustments.”

Tennant Company is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, significantly reduce their environmental impact and help create a cleaner, safer, healthier world.

CHALLENGE

The combination of currency volatility, bottom-line impacts and an expanding global footprint created new exposures, demanding a solution that could provide full visibility into exposures so they could be effectively managed.

 

SOLUTION

After deploying the FiREapps OnRamp program, Tennant had the needed data integrity analytics that identified posting issues and timing inconsistencies in general ledger accounts. Granular visibility into its true exposures helped the treasury team identify data which was not accurate, complete or timely.

 

SYSTEMS ENVIRONMENT

Primarily SAP with a second accounting system for the company’s Brazilian operations

 

BENEFITS

‣ 42 percent reduction in organic exposures

‣ VAR reduced from $3.4 million to $0.5 million

‣ Reduced exposure by $25 million

DOWNLOAD THE FULL CASE STUDY HERE

 

QUESTIONS OR COMMENTS

+1 866 928 FIRE (3473) X 1
+1 480 443 7333 X1
info@fireapps.com