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Treasury Implementation
  • Product Costing

Use Case Description

  • RAK Ceramic is the world leader in Ceramics & Tiles manufacturing in terms of production capacity. Have total turnover of around USD 1.5 Billion.
  • Complex Non Fund based instruments starting from opening LC to receiving BL to converting LC to working capital loan.
  • Complex Credit Limit developments covering all the instruments including Non Fund based Instruments.

Solution Brief

  • FSCM – Sub modules Money Market, Cash Management, Hedge Management, Forex and Derivatives.
  • Core development of Credit Limit Management.
  • Module Development for all Non Fund based instruments like Letter of Credit / Bank Guarantee / Collection Documents / Trust Receipts including integration with Logistics module.

Outcomes

  • RAK ceramic now able to have complete visibility and tracking of treasury instruments.
  • Customer was able to bring complete Hedge Management in to the SAP.
  • No Manual Intervention in Treasury Accounting and transaction recording.
  • Detailed Cash flow forecasting was delivered.