Work and time savings through digitized processes

TÜV Rheinland

TÜV Rheinland AG creates trust along global value chains worldwide with its expertise as a testing service provider. The company relies on the SAP-based legal entity management"Corporate Investment Manager" (CIM) from zetVisions for full transparency in complex investment structures. This saves TÜV Rheinland AG effort, time and work.

TÜV Rheinland AG has a large number of shareholdings and companies. These differ in terms of their legal systems, corporate forms and shareholdings. The prompt recording and release of information on the individual participants - in an appropriate data quality - is therefore of fundamental importance for the comprehensive transparency of the investment portfolio.

At TÜV Rheinland, orderly processes are of enormous importance. As with all large corporations, in-house approval procedures are therefore a typical risk management instrument at the world's leading testing service provider and thus part of corporate governance.

Thanks to zetVisions CIM, all investment management processes at TÜV Rheinland AG are integrated into the existing SAP environment and fully digitized. The legal entity management from zetVisions thus creates maximum transparency and up-to-dateness of all shareholding structures quickly, reliably, securely and conveniently.

With zetVisions, we can retrieve information on our investments at the click of a mouse in a simple and user-friendly way.

Jürgen Blumhofer Head of Corporate Equity Management TÜV Rheinland AG

The challenge

Originally, data, mandates and documents were usually only available on a decentralized basis at the companies in the divisions and regions:

Participation-relevant information was provided from various data sources with heterogeneous data quality.
Ad hoc queries on socially relevant information were sent in cascades by e-mail.
Corporate law structures could be queried, but nothing more.
The corporate structure was available in one system and the company information in another
Boards were kept in Excel spreadsheets.

Our mission

TÜV Rheinland AG wanted an SAP-based software solution that would create more transparency in the legal entity management and improve the efficiency of the maintenance processes for all data. At the same time, the software was to support all central and local communication and administrative tasks as well as task planning and offer digital document storage for all company law documents. The ease of use of the legal entity managementalso played an important role.

SAP-based management of complex investment structures.

Detailed. Precise. Profitable.

Corporate Investment Manager

The solution

The introduction of zetVisions CIM, a special legal entity management, provided TÜV Rheinland with a central, uniform and consistent database. Document classes were defined for the company-relevant documents with zetVisions Corporate Investment Manager (CIM). On certain key dates, the software now gives an indication to store defined data/documents in the system. The use of wizards makes a significant contribution to increasing data quality, as the relevant responsibilities are also stored in the system through defined approval processes.

TÜV Rheinland thus benefits from greater security and a significant acceleration of these previously very time-consuming processes. The fast and ﬂexible creation of reports and ad hoc queries also makes work easier and saves time. In addition, the legal entity management from zetVisions scores points for ease of use thanks to its user-friendly interface and the option of digital document storage.

The integrated resubmission / task manager makes it much easier to coordinate all the tasks involved in legal entity management .

Jürgen Blumhofer Head of Corporate Equity Management TÜV Rheinland AG

How TÜV Rheinland benefits from CIM

Improved data quality thanks to a uniform and consistent database
Easier queries thanks to individual customization options (hierarchy display)
Greater efficiency thanks to predefined settings by country or company type
Process support through tasks, resubmissions, workflows and integrated document management
Complete project support with customizing and training of future users on site
Improved system integration and maintenance

TÜV Rheinland

With more than 20,600 employees and an annual turnover of around 2 billion euros, TÜV Rheinland is one of the world's leading testing service providers.

The experts at the company, which was founded around 150 years ago, test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems in accordance with international standards. The independent experts thus ensure trust along global flows of goods and value chains. TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption since 2006.