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.

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