A future-proof digital treasury and payment factory on FIS Integrity
More than €14bn in payments a month through a real-time payment factory
One of Europe's leading international energy companies moved its corporate treasury to a modern digital platform while transforming global cash, dealing and payments operations.
Payments and journalling integrated with SAP in real time
AP and treasury payments processed each month
Journals interfaced via the SAP API each month
To deploy FIS ERP Connector
The challenge
Treasury depended on a legacy system, file-based integrations and manual workarounds. A new treasury vision had to be delivered on legacy SAP in a way that would move smoothly into the group's S/4HANA programme.
- Alignment with the client's S/4HANA objectives and timelines
- Manual workflows and complex custom solutions increasing key-person risk
- Decommissioning the existing treasury system and SWIFT bureau without disrupting banking operations
- File-based connectivity between legacy SAP and the existing system slowing journal processing and period-end
- A roadmap to a full payment factory, rationalising bank accounts and reducing intercompany gains and losses through POBO and cashless netting
The solution
SkySparc began with a deep discovery of treasury operations, the legacy TMS and SAP integration, defining a modernisation roadmap. The client then approved a multi-release agile programme, which SkySparc mobilised to deliver a new treasury platform and a full payment factory, integrated in real time with SAP.
- FIS Integrity implemented to support an in-house bank model, intercompany loans and sweeps, and exposure visibility
- Real-time journals and payments through FIS ERP Connector API integration with SAP
- FIS SWIFT Service Bureau connecting core banking partners for payments and end of day and intraday statements
- FIS Integrity integrated with 360T, ICD and Komgo for FX, investments and bank guarantees
- SWIFT ISO XML payment exports and customer direct debit collections
- Managed testing and digital process accelerators supporting rapid releases
The result
Treasury now runs on a scalable, S/4HANA-ready architecture with near-total straight-through processing.
- More than €14bn in accounts payable and treasury payments processed each month
- Around 25,000 SEPA direct debits integrated into FIS each month
- Around 1,500 journals a month interfaced via the SAP API
- FIS ERP Connector deployed in three weeks
- Improved short-term forecasting and cash visibility through real-time collections and payments data
- Streamlined daily journals and period-end close, with stronger control and compliance
"SkySparc have been instrumental in delivering a transformative shift away from our fragmented system landscape. Their expertise in SAP and FIS, combined with a highly collaborative approach, enabled us to refocus on our core target operating model while aligning with a broader S/4HANA journey. A dynamic roadmap, with robust project governance helped us realize improvements almost immediately, including improved cash visibility, streamlined payment formats and bank statement processing. SkySparc have become a key partner in our digital treasury transformation." Deputy Treasurer