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.
To realise a fully functional in-house bank and global POBO rollout.
Reduction in Group internal settlements through a cashless netting model.