Finance

Our philosophy in dealing with financing partners: "The same principles apply to our dealings with financing partners as to our dealings with suppliers and customers. We maintain an open relationship based on partnership and designed for long-term cooperation. Our financial communication is goal-oriented, open, factual, timely and sustainable." We also expect all this from our partners.

Goals

We have derived the following goals for our financing partners from our vision and from the company´s guiding principles:

long-term securing of the liquidity supply of the Kurtz Ersa Group
continuous improvement of joint financing processes and products
securing competitive financing conditions
trust in each other´s performancen

Our financial communication is intended to provide our financing partners with a sustainable image of our business at eye level. Internally, we use our financial communications to provide ongoing information to our employees, managers, directors, advisory board members and shareholders. Internally and externally, we use a uniform reporting system, which serves as a control instrument for the entire Kurtz Ersa Group.

Financial communication as well as financial management is carried out and controlled in the central departments Finance and Controlling for all worldwide companies of the Kurtz Ersa Group. The consolidation of all business figures for internal and external reporting is carried out in the two central divisions. We prepare our consolidated financial statements in accordance with the applicable accounting regulations of the German Commercial Code (HGB). For the income statement, we use the nature of expense method. The individual financial statements are prepared and audited in accordance with the relevant national regulations. All business figures are based on our global ERP system SAP R/3.

CONTACT

Your personal contact

Do you have specific questions about finance?
Feel free to ask directly!

[Translate to English:] Stefan Waschik [Translate to English:] Leitung Finanzen

Tools, Planning, Collaboration

Instruments

We use the following instruments for the short- to medium-term external financing of our business activities:

Bank loan
Club deal / syndicated
Mezzanine financing instruments
Leasing
Supplier credit through appropriate payment terms with full cash discounting
Just-in-time supplier stock
Customer credit in the form of down payments / LC
Guarantees
Factoring / Forfaiting
Trade credit insurance

Planning

We plan our business with our integrated planning system. The result is a linked income statement, balance sheet and cash flow plan. In addition, we maintain a rolling 3-month forecast. For medium and long-term planning we use our strategic planning system.

Our liquidity planning is also prepared using our integrated planning system. In addition, we maintain a rolling liquidity planning with a horizon of 13 weeks, based on expenses and revenues from our ERP system SAP R/3.

Prerequisites for cooperation

For a long-term partnership, we need common basic values and goals. The basis for this is an open bilateral exchange of information with the aim of mutual understanding - ultimately leading to a comprehensible rating and corresponding conditions.