Treasury process optimisation: the ten-year journey of Molteni Farmaceutici alongside Piteco

“We decided to adopt this software solution in 2006 because it features more detailed management of bank movements”, notes Leonetta Casodi, Molteni Treasury Department Coordinator. “The version used was Piteco 2000, and aside from registering bank movements, it enabled us to make supplier payments with ledger closures, issue RIBA and RID slips, manage forecasts and amortisation plans, mortgages and loans and of course reconcile and check bank account statements”

Leonetta Casodi, Molteni Treasury Department Coordinator

Digitalisation in Treasury processes

For Molteni Farmaceutici, the company specialised in the opioid drug market, there were several steps involved in the process of digitalising and optimising Treasury activities. Molteni Farmaceutici, with registered offices in Italy and Poland, sells its products in more than 50 countries and adopted the Piteco software thirteen years ago to perform and boost the efficiency of Treasury and Financial Planning activities. From Cash Collection processes to payments, from leasing plans to planning for a dynamic, forecast view of projected cash flows: over the years, Piteco has supported Molteni on its path of process development and computerisation in response to new requirements arising from the company’s growth.

Integration with SAP, a strategic element for Treasury management.

Molteni’s operations were significantly impacted by the transition from the previous operating system to the new ERP system. In this context, the full integration of Piteco Evo with the SAP environment, the deep computerised exchange of flows and process interaction made it possible to complete the migration to the new ERP system quickly, and today allows for interactive sharing of collection and payment databases, benefitting from updated, precise and immediately usable information.