Accounting for
modernisation.
Modernising the Treasury Management System of a global healthcare company needs an expert partner to get it right.
Background.
With the support of Covarius, a leading healthcare client initiated a multi-year, global treasury transformation programme to centralise and modernise its treasury and cash operations and initiation foundations for this programme.
Approach.
Delivery of critical foundations to support the treasury technology roadmap through deployment of a new Treasury Management System general ledger.
Results.
>400
GL accounts eliminated across the treasury chart of accounts.
8 months
To deliver a new sub-ledger and align group accounting rates to a new daily rate.
23
Treasury entities migrated from SUN sub-ledger to main SAP Financials GL.