An integrated SAP treasury and shared services model for a global car maker

Treasury had relied for years on legacy payment platforms and an out-of-support TMS that was not integrated with SAP In-House Cash or Financials.

• Manual cash forecasting, idle cash and high funding costs, with low trust in cash management
• E-banking and manual host-to-host payments driving high banking costs
• An expanded shared services mandate covering treasury cash and back-office processes
• A need to evidence the value of transformation to secure funding

SkySparc set a new operating model and technology vision centred on SAP Treasury, SAP Cash Management and SWIFT Alliance Lite2.

• A new TMS fully integrated with the existing SAP In-House Bank
• SAP Treasury Transaction Management for money market, lending and FX
• SAP Cash Management for daily, intraday and liquidity forecast views
• Straight-through dealing, confirmations and settlement, with FXall integration
• SAP Bank Communication Management and a SWIFT Alliance Lite2 gateway
• A new shared services operating model for treasury, in-house banking and payments

The client now runs a fully integrated SAP treasury architecture, rolled out as a rapid big bang.

• SAP treasury and a single bank connectivity gateway rolled out in four months
• Over 30% saving in consulting time compared with similar projects of eight months or more
• Improved weekly cash accuracy
• Full historic deal set migrated
• Payment batching, approvals and bank responses fully automated

"Raising the profile of our Treasury Team amongst our peers is something I am very proud of, and hopefully we can inspire other Treasury Teams to follow a similar journey." Group Treasurer