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Alexander Hamilton Awards

Gaining a Real-Time View of Global Cash

Congratulations to TeamViewer for winning the 2023 Alexander Hamilton Small Company Excellence Award in the category Technology Excellence!

Congratulations to TeamViewer for winning the 2023 Alexander Hamilton Small Company Excellence Award in Technology Excellence!

TeamViewer is a global technology company that provides a connectivity platform for remotely accessing, controlling, managing, monitoring, and repairing devices of any kind—from laptops and mobile phones to industrial machines and robots. The solution enables companies of all sizes, and from all industries, to digitalize business-critical processes. Since TeamViewer’s founding in 2005, the organization has grown rapidly. To date, its software has been installed on more than 2.5 billion devices around the world.

By the beginning of 2019, TeamViewer consisted of 10 legal entities, which had 39 bank accounts in seven different banks across 11 countries. The two-person treasury team struggled to keep up with day-to-day tasks.

“We had a lot of manual work to do,” explains Sabine Kießling, director of controlling and treasury for TeamViewer. “For German banks, we were able to connect our centralized financial system to the banks using EBICS [the Electronic Banking Internet Communication Standard]. But for our accounts in banks outside of Germany, we had to get information from the bank’s back end via a web browser. Our senior treasury manager, Peter Mahringer, had to carry around, at all times, close to 20 different physical tokens.”

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Meg Waters

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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