A greenfield FIS Quantum implementation for global intercompany lending
Month-end treasury close two working days faster
The largest contract foodservice company in the world, listed on the FTSE, had a bold new vision for its treasury and needed the right partner to deliver it.
An integrated treasury and SAP platform for global intercompany lending
2 days
Faster month-end treasury close
70%+
Reduction in manual treasury processes
100+
Entities migrated to improve intercompany accounting
The challenge
A legacy TMS was managing a highly complex, largely manual, SAP-driven global intercompany lending structure. SkySparc guided the RFI and RFP that selected a new platform, and helped the client secure funding for the programme.
- The volume and complexity of intercompany lending between treasury and group entities
- Journals exported manually each month, checked and adjusted before upload to SAP
- No straight-through processing between the TMS, market data, banks and trading platforms
- Treasury GL setup issues in SAP causing close and consolidation workload
- Manual bank statement upload, reconciliation and payments
- The pandemic pausing the project mid-UAT, requiring a remote restart and go-live
The solution
SkySparc delivered FIS Quantum aligned to new ways of working and automated interfaces.
- FIS Quantum designed and implemented for dealing, intercompany lending, cash management, operations and treasury accounting
- GL master data redesigned in SAP ECC to align with the new TMS
- A new host-to-host banking connection for straight-through payments and statements
- Third-party interfaces and custom reporting
- End-to-end testing on TestRail
- A multi-stage, de-risked cutover with extended hypercare
The result
The phased cutover meant no go-live challenges, and the platform laid foundations for better intercompany accounting across SAP and FIS Quantum.
- Month-end treasury close two working days faster
- More than 70% reduction in manual treasury processes
- More than 100 entities migrated from SAP and FIS Integrity to improve intercompany accounting
- Tighter payment controls and less manual work through host-to-host banking
- Legacy treasury GL structure cleansed
"Another important milestone passed for us, with the help of SkySparc." Group Treasurer