TMS selection and delivery for a US housing finance company
FIS Integrity implemented in under seven months across two ERPs and two group businesses
A leading specialty finance company providing liquidity to the US housing market needed help selecting a TMS, with no TMS-specific knowledge in house.
Treasury and payments consolidated onto one platform across two group businesses
$750m
Loan distributions migrated from custom platforms to the new TMS
2 FTE
Reduction in treasury headcount through process efficiencies
Under 7 months
To implement across two ERP platforms and two group businesses
The challenge
With a group ERP upgrade under way and decentralised systems spanning two businesses, the client needed to integrate, automate and consolidate treasury activity on a single platform.
- Internal integration limits across the enterprise architecture slowing the flow of data
- No connectivity to corporate banking partners
- Manual cash management and forecasting delaying mortgage-related processing and reporting
- Multiple general ledgers and a Salesforce platform making a single financial view difficult
- Separate payment processes across group entities
- Limited capacity in finance to drive transformation
The solution
SkySparc advised on the TMS selection and provided assurance on the final decision, then helped set a multi-phase, single treasury platform vision aligned with the ERP roadmap. The client then chose SkySparc to lead the implementation for treasury and payments.
- Deep dive into TMS vendor and ERP integration capabilities
- FIS Integrity designed and implemented for cash management, payments and treasury accounting
- Corporate payments enabled for treasury and all group finance operations
- New host-to-host connections with two key banking partners for daily payments and statements
- A data retrieval framework using the FIS Integrity direct data API
- Managed testing with packaged test scripts, and an integrated cutover plan across both businesses
The result
The client now has one treasury and payments architecture across two group businesses, delivered in under seven months.
- Around $750m in loan distributions migrated from custom platforms to the new TMS
- Around two FTE reduction in treasury headcount through control and process efficiencies
- Journal posting standardised across two ERPs
- Manual data extraction replaced with automated, real-time processes
- Reduced reliance on spreadsheets through ERP integration and automated reconciliation
"Having a clearly structured technology road map helped us to quickly identify the most achievable benefits of adding a new TMS and align this to our wider ERP journey." Head of Treasury