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.
Background.
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.
Approach.
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.
Results.
614
Bank accounts migrated to new SWIFT BIC address
> £60B
Worth of assets separated
2
New In-House Bank centres created