Piteco and Matchit for the management of Unieuro point of sale reconciliations.

We went with Piteco because it offered a standard solution for the management of all Treasury flows with no need for customisations. For Unieuro, this guaranteed the security and data certification required of listed companies by the Italian Stock Exchange. After its IPO, Unieuro accelerated its market consolidation strategy by acquiring chains and points of sale throughout Italy that had previously been managed by its competitors. Also in light of the limited margins in the Company’s business segment, this strategy can create value only with the implementation of synergies: that is, if the sales network expansion does not increase costs and burden central operations. All of this was possible thanks to Piteco and Matchit, which sets up automated processes to manage increasing volumes of reconciliations without increasing Treasury Department workloads. Since we installed it, in February 2017, our points of sale have grown from 180 to 250, but we have not had to hire any additional Treasury Department staff“.

Giulia Gardelli, Treasury Manager Unieuro