Formulating true
transformation.
Implementing a new Treasury Management System and optimised global clearing and cashless settlements model for a leading global healthcare company brings with it a variety of challenges and requires a unique approach.
Background.
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.
Approach.
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.
Results.
50+
Countries covered by new FIS Quantum and SAP cashless netting solutions.
>60%
Reduction in
inter-company FX gains and losses across Group.
>£3M
Recurring annual savings through cash & banking efficiencies.