Guarantees help Aggreko to keep track of the bonds and guarantees it issued
Aggreko, headquartered in Glasgow, is the leading global provider of temporary power, heating and cooling. Founded in 1962, the company has grown from a small local business to a global company during its 50 years of operations. With 208 locations and over 9,666 MW of generation capacity, Aggreko employs more than 7000 people worldwide, offering a global reach and a local expertise for its customers all over the world.
Aggreko wanted a solution that would make the maintenance of and access to guarantees and bonds related data easier.
With Guarantees they are able to share the workload of maintaining the data with its business units, allow them to input requests for bonds and guarantees directly, have them approved regionally as required by the company's policy, and then handled as appropriate by Group Treasury.
Excel spreadsheets eliminated in Treasury
Aggreko’s Treasury team was previously using an Excel spreadsheet to keep track of the bonds and guarantees that it issued. With several people accessing the spreadsheet, it was hard work maintaining the integrity of the data.
With our authorization module Aggreko is now able to share the workload of maintaining the data with its business units, allow them to input requests for bonds and guarantees directly, have them approved regionally as required by the company’s policy, and then handled as appropriate by Group Treasury. As well as eliminating Excel spreadsheets in Treasury, Our solution helps to eliminate all the spreadsheets the business units were maintaining locally for their own guarantees.
By offering a platform enabling simultaneous editing and updating of data, our solution has significantly improved the integrity of the data handled in the company. In addition, it has improved reporting, making it easier to report in a variety of ways.
"There is a significant improvement in the integrity of the data."
"Guarantees has revolutionized the maintenance of and access to this data for Aggreko Treasury."
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