Published on 16 Jun 2010
Validated on 04 Jun 2013
"Enabled by the consolidation, thorough reduction of financial costs on a global scale and elimination of business risks from information leakage in the Panasonic group generates approximately 3 billion yen savings a year." - Mr. Yasutomo Fukui, GM, Corporate Information Systems Company, Panasonic Corporation
Customer:
Panasonic Corporation
Industry:
Electronics
Deployment country:
Japan
Solution:
Smart Work, Smarter Planet
Smarter Planet:
Smart Work
Overview
One of the world’s largest electronic companies, Panasonic Corporation produces a range of products, from audiovisual and communication equipment to home appliances. Headquartered in Japan, Panasonic comprises approximately 600 subsidiaries around the world.
Business need:
Panasonic traditionally consolidated funds and money exchanges only through a financial subsidiary in each region. Aggregating this information required an enormous amount of effort. To manage its business entities in a global manner, Panasonic required near-real-time visibility of its global financial information.
Solution:
Panasonic worked with IBM Global Business Services to develop and implement its “Global Cash Management System” (PATRES), which completely consolidates cash funds, money exchanges and in-house settlements each day for its approximately 600 subsidiaries.
Benefits:
-Real-time visualization of status of funds improves agility and precision in decision-making and allows reallocation of funds to respective subsidiaries without involving a commercial bank
-Better efficiency in financial operations reduced costs by ¥3 billion
-The acquisition of SANYO Electric was done all in cash, which could not have occurred without the new fund consolidation capability
Case Study
One of the world’s largest electronic companies, Panasonic Corporation produces a range of products, from audiovisual and communication equipment to home appliances. Headquartered in Japan, Panasonic comprises approximately 600 subsidiaries around the world.
The Need
Panasonic traditionally consolidated funds and money exchanges only through a financial subsidiary in each region. Aggregating this information required an enormous amount of effort. To manage its business entities in a global manner, Panasonic required near-real-time visibility of its global financial information.
The Solution
Panasonic worked with IBM Global Business Services to develop and implement its “Global Cash Management System” (PATRES), which completely consolidates cash funds, money exchanges and in-house settlements each day for its approximately 600 subsidiaries.
What Makes it Smarter
-Real-time visualization of status of funds improves agility and precision in decision-making and allows reallocation of funds to respective subsidiaries without involving a commercial bank
-Better efficiency in financial operations reduced costs by ¥3 billion
-The acquisition of SANYO Electric was done all in cash, which could not have occurred without the new fund consolidation capability
For more information
Please contact your IBM sales representative or IBM Business Partner. Visit us at:
ibm.com/electronics
Components
IBM products and services that were used in this case study.
Hardware:
System p
Legal Information
© Copyright IBM Corporation 2010 IBM Software Group Route 100 Somers, NY 10589 Produced in the United States April 2010 All Rights Reserved IBM, the IBM logo, ibm.com, AIX, Global Business Services and System p are trademarks of International Business Machines Corporation, registered in many jurisdictions worldwide. A current list of IBM trademarks is available on the Web at “Copyright and trademark information” at ibm.com/legal/copytrade.shtml Other company, product or service names may be trademarks or service marks of others. The information contained in this documentation is provided for informational purposes only. While efforts were made to verify the completeness and accuracy of the information contained in this documentation, it is provided “as is” without warranty of any kind, express or implied. In addition, this information is based on IBM’s current product plans and strategy, which are subject to change by IBM without notice. IBM shall not be responsible for any damages arising out of the use of, or otherwise related to, this documentation or any other documentation. Nothing contained in this documentation is intended to, nor shall have the effect of, creating any warranties or representations from IBM (or its suppliers or licensors), or altering the terms and conditions of the applicable license agreement governing the use of IBM software.