Payment & Collection factory for Carraro’s international treasury

Piteco Cloud for international treasury processes

Carraro is a leading international group in transmission systems for off-highway vehicles and specialised tractors.The Group’s activities are divided into two business areas: the first linked to transmission systems – axles and transmissions – and components mainly for agricultural and earthmoving machinery, as well as a wide range of gears for highly differentiated sectors, from automotive to material handling, from agricultural applications to earthmoving. The Group also excels in the area related to the production of specialised tractors – vineyard and orchard, between 60 and 100 horsepower – for third parties and engineering services aimed at designing innovative ranges of tractors.
The Group is headquartered in Campodarsego (Padua), employs 3,579 people as of 31 December 2021 – of which 1,572 in Italy – and has production facilities in Italy (4), India, China and Argentina.The Group’s turnover as at 31.12.2021 was 644 million Euro.
Carraro Finance SA is the company in Luxembourg that decided to implement new treasury processes – Payment & Collection Factory and Cash Pooling – by rationalising and digitalising activities, involving the entire group, starting with the European companies, and extending the project to Asia and LATAM.
Carraro Finance Sa chose Piteco as a partner in this transformation and implementation process, using Piteco’s cloud platforms to cover international processes.