Delivering Change in Africa
One of Africa’s largest, listed Financial Services providers transformed their Treasury operation by eliminating manual workflows and streamlining their compliance processes.
Background.
Facing significant risks due to inadequate Treasury controls, Covarius was approached to address the transformative systems journey within the context of a complex structure overseen by regulatory authorities.
Approach.
Following a comprehensive review of the existing architecture and processes, the FIS Integrity platform was delivered, supported by Covarius' Managed Testing Service and Digital Process Service, to ensure broad adoption.
Results.
2 day
Reduction in Treasury period-end close.
R0.7M
Monthly savings in bank charges.
1 FTE
Headcount saving through optimisation.