The Customer, operating in the Chemical & Biopharma sector, as part of the digitalization of its business processes, expressed the need to equip itself with a SAP S/4HANA platform on which to manage the following typical treasury processes:
The adoption of the new Treasury suite in the SAP S/4HANA environment required, in addition to the implementation of a series of modules / functionalities of the SAP Treasury suite, also the interfacing of the current SAP ECC (Core ERP) system with the new SAP S/4HANA system.
To meet the Customer’s need, it was agreed to divide the content into macro streams:
In the area of Cash & Liquidity Management, the issue of operational treasury and liquidity management was discussed. The management processes of bank data, automatic payments, interbank money transfers / giro transfers, treasury payments but also operational and medium-long term reporting were supervised. Furthermore, the calculation of the final cash flow by financial nature was revised in order to make it uniform for all the companies of the group. The rules used to determine the final balance were then also adopted for the calculation of the forecast cash flow, ensuring uniformity of information and ease of comparison and analysis.
In the area of Payments & Bank Connectivity, the issue of approval of payments and subsequent communication with the credit institutions involved, both Italian and foreign, was addressed.
In the In House Cash area, the issue of centralized treasury was addressed, automating the cash pooling processes already in place and integrating the other types of Intercompany relations present within the group.
Finally, in the area of Debt & Investment, the issue of financial management by the Parent Company was discussed. Financial products representing loans to third parties and group companies, leasing, fin-import and fin-export, but also bonds and credit lines have been enabled.
With reference to the implementation scenario, the “Qintesi Treasury Template” approach was chosen, based on the latest generation Best Practice contents, suitably integrated by Qintesi implementation add-ons developed and consolidated over the years and aimed at covering functions not available in the standard. The Customer was thus able to benefit from the immediate availability of a fully configured and functional SAP S/4HANA system from the start of the project with which to support the FIT / GAP Analysis phase and easily identify the necessary customizations.
Considering the availability of the SAP Analytics Cloud component at the Customer’s premises, the Qintesi tool called “Strategic Treasury” was released as part of the project, which allows to obtain a Treasury reporting book in the SAC environment.
A project that has made it possible to increase the supervision of treasury processes by the Group Treasury & Credit Management Office, rationalizing the effort of the resources involved in the various processes and anticipating the availability of relevant information from both the Parent Company and the Subsidiaries.
Le informazioni contenute in questo documento sono di proprietà.
Copyright © 2014 Qintesi S.p.A. Tutti i diritti riservati.
SAP Cash Management
SAP Bank Communication Management
SAP In House Cash
SAP Financial & Risk Management
SAP Liquidity Planning
They are essential for the proper functioning of the pages of the site. Without these cookies some features may be compromised and access to content may be limited. Cookies of this type do not collect any personal information from the user. These are cookies used to memorize the choices made by the user to improve navigation (for example the language, or to pre-fill a form with the name used previously).
These are temporary files that are stored until the site is abandoned or the browser is closed.
These are files that are stored and maintained even after leaving the site and closing the browser. They are only deleted after the expiration date indicated in the cookie itself.
These are files that are installed on the user's device directly from the site you are browsing.
These are cookies used to understand how visitors use the website: whether they are new or returning users, how they move between pages, how long they stay on the pages and on the site, what geographical area they come from. The data does not identify the user as a person but is aggregated anonymously by the analysis tools. Deactivation does not in any way compromise the functionality offered by the site.
The site uses profiling cookies with which it is possible to note the preferences detected during each visit and thus create profiles that allow you to send messages that better match the preferences and interests of the user, for example allowing you to view the products you are looking for faster or to offer you the most similar item. On the site there is also a first-party cookie aimed at allowing the operation of a marketing automation platform aimed at "targeting" the users of the sites in such a way as to create specific contents with which the Owner can undertake marketing campaigns, monitor their trend and create opportunities for its users.