Acquisition of digital maturity in Treasury.
A revolutionary vision for innovation, enabled a pioneer in Pharma vaccines to modernise with its FIS Treasury digital investment.
Background.
Tasked with consolidating Treasury operations from a biotech acquisition, Covarius helped conceptualise a unique, accelerated systems vision.
Approach.
Following a period of initial transformation advisory, Covarius assisted with the transformation and transition of operations to a single FIS TMS.
Results.
> 100 hrs
Saved p.m. by interco team using FIS ERP Connector.
$11m
Annual interest benefit through better cash return.
>$500m
Cash on deposit with Treasury due to enhanced pools.