22 Oct Treasury Trends with a Business Case Study on one of our on-going international S/4 Treasury project
Sanofi has a sophisticated treasury function, but to keep pace with our increasing responsibilities and ambitions, we needed to upgrade our systems infrastructure. Our
aim was develop one system for multiple stakeholders, offer enhanced, real-time visibility of data, achieve better collaboration and greater flexibility.
In 2017, the decision was made at group level to implement a global instance of SAP ERP based on new S/4HANA technology. This would allow us to rationalize treasury processes and data and implement treasury best practices based on SAP Treasury, fully integrated with finance. The project was initiated as a multi-year program, with a series of project phases. Treasury processes were deployed alongside the ERP implementation, starting in July 2018, and the full core treasury solution was deployed in September 2020.
Selecting the right implementation partner
While it was our intention to retain project skills and experience in-house, which we succeeded in doing, we also recognized the value of engaging specialist expertise to support us. We had a consulting partner working on the SAP migration at a group level, but we also secured SAP specialist treasury consultancy support, INTENSUM, which helped us to overcome obstacles, challenge SAP and make the best use of the treasury functionality provided in SAP!