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When a new mining and metals company is founded following a de-merger, legacy treasury and banking connectivity can present challenges for post de-merger strategy and benefits realisation.


In the unique and challenging position of inheriting legacy SAP treasury and intercompany lending solutions through a de-merger, this client tasked Covarius to extend the existing platform to a global In-House Banking model.


Assembly of a detailed business case involving the elimination of more than 100 bank accounts globally and delivery of a global cashless clearing model for intercompany payments involving SAP In-House Cash.



Bank accounts closed in the first year of implementing SAP In-House Cash.

9 months

To realise a fully functional in-house bank and global POBO rollout.


Reduction in Group internal settlements through a cashless netting model.

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