Overview:
Diligent Global partnered with a global leader in ceramics and tiles manufacturing, handling over $1.5 billion in treasury operations, to implement a robust and integrated SAP Treasury solution.
Challenges:
- Complex Non-Fund based instruments with no centralized tracking system.
- Absence of an integrated system for managing capital costs and bank communications.
- The need for seamless integration with the client’s existing SAP logistics module.
Solutions:
- Deployed SAP FSCM sub-modules including Money Market, Cash Management, Hedge Management, Forex, and Derivatives.
- Co-developed a Credit Limit Management module.
- Implemented the Bill of Lading (BoL) and Bank Guarantee/Collections Documents / Trust Receipts, integrating with the logistics module.
Results:
- Achieved comprehensive visibility and tracking of treasury instruments.
- Enabled the client to manage hedge accounting in alignment with international standards.
- Streamlined bank communications and cash flow forecasting.
Summary:
Diligent Global’s tailored SAP Treasury solution transformed the client’s treasury operations by providing a unified platform for managing complex financial instruments and integrating crucial financial data with logistical workflows. This led to enhanced financial visibility and strategic decision-making capabilities.
Elevate your treasury and risk management processes with Diligent Global’s expert SAP solutions.
Reach out to us at info@diligentglobal.com to explore how we can optimize your financial operations.
Reach out to us at info@diligentglobal.com to explore how we can optimize your financial operations.
