Accounting for
modernisation.

Modernising the Treasury Management System of a global healthcare company needs an expert partner to get it right.

Background.

With the support of Covarius, a leading healthcare client initiated a multi-year, global treasury transformation programme to centralise and modernise its treasury and cash operations and initiation foundations for this programme.

Approach.

Delivery of critical foundations to support the treasury technology roadmap through deployment of a new Treasury Management System general ledger.

Results.

>400

GL accounts eliminated across the treasury chart of accounts.

8

Months to deliver a new sub-ledger, align group accounting rates and enable daily rates.

23

Treasury entities migrated from SUN sub-ledger to main SAP Financials GL.

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