Creating success
from separation.

Following a de-merger decision, a leading consumer pharma company was left with the challenging task of disentangling systems, people, processes and data.


Facing a tight timeline, Covarius was asked to assist in leading a Treasury de-merger strategy and driving delivery of the TMS and SAP ERP separations.


Development of a platform-specific strategy, enabling a TMS re-implementation and clone to adapt the SAP In-House Cash landscape to realise in parallel.



Bank accounts migrated to new SWIFT BIC address

> £60B

Worth of assets separated


New In-House Bank centres created

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