Following the transformation of its treasury supported by Covarius, this client focused its attention on implementing a new Treasury Management System (TMS) and improving the Group’s realised gains and losses on intragroup settlements using SAP In-House cash platform.
Integrated deployment of a new Treasury Management System with a new cross-currency cashless clearing model in SAP In-House Cash, replacing multi-lateral netting.
Countries covered by new FIS Quantum and SAP cashless netting solutions.
inter-company FX gains and losses across Group.
Recurring annual savings through cash & banking efficiencies.