Unilever now uses Deutsche Bank’s digital signature solution for its global cash management activities with the bank.
Costs and processing times are significantly reduced by providing a digital solution for account opening and signing documents. It also makes it much easier for both clients and Deutsche Bank to manage contracts.
Philip Sasse, vice president and global head of treasury operations at Unilever said: "Our Treasury team is constantly looking for new technologies to help us operate as efficiently as possible. Our global footprint means that it is crucial to continuously streamline, simplify and automate processes with our banking partners in order to be future-fit. Deutsche Bank’s e-signature solution will simplify the process of signing documents, freeing up time to spend on more value-added activities, at the same time supporting our sustainability agenda by going paperless."
Ole Matthiessen, global head of cash management at Deutsche Bank, said: “The feedback from our clients on the digital signature is very positive. It makes it easier for our clients to do business with Deutsche Bank. Being efficient and digital when dealing with clients is a crucial part of our cash management strategy - digital signatures are hence a critical component of it.”
Clients can use digital signatures to open accounts, sign documents and buy products from the bank. The digital signature solution is available to corporate and institutional clients in the US, the UK, Germany, Belgium and the Netherlands as well as the Asia-Pacific region and the United Arab Emirates.
Unilever is amongst the early adopters of corporate clients to use the digital signature since the bank launched the service in July 2018. “We are in final talks with several other corporate clients looking to sign up for our digital signature service”, Matthiessen added.