Sector/Industry Company Revenue Fortune 100/500 Global SAP Release SAP Module Project Description
Industrial Goods; General Building Materials $5B Fortune 500 Global ECC 6.0 Treasury & Risk Management, Cash Management, In-House Cash, FX The project consisted of a multi-phased, multi-region implementation that covered two major treasury centers in the US and Europe. This initiative included the migration of the company’s North American and European treasury operations from SunGard’s Quantum treasury workstation to SAP’s integrated ERP treasury and cash management solution. To achieve the corporation’s goals of system rationalization, stronger financial controls, increased automation, and realization of effective financial risk management, a very broad set of SAP Treasury functionality was rolled out. The project scope included design and implementation of a comprehensive in-house banking solution leveraging the In-House Cash (IHC) module with three separate bank areas in the US, Canada, and Europe, facilitating effective management of multi-currency, cross-company cash pooling activity, an active intercompany FX hedging program, and a comprehensive intercompany invoice settlement and netting operation. The project also included implementation of SAP’s Treasury Transaction Management (TR-TM) functionality to cover the management and tracking of short and long term-debt with fixed and variable rate notes, syndicated and bilateral credit facilities, letters of credit, bank guarantees, capital leases, and commercial paper, as well as structured intercompany loans. In the area of Foreign Exchange risk management the system was set up to handle FX spots, forwards, swaps, non-deliverable forwards, average rate forwards, and comprehensive intercompany FX hedging. In the areas of cash management, payment processing, and bank account reconciliation a robust solution was designed and rolled out to facilitate multi-currency, multi-region cash positioning, cash pooling, payment processing, and electronic bank account reconciliation across several banks in North America and Europe.