Success StoryCloud based Enterprise Treasury Forward Booking Solution powered byForce.com technology                      ...
The ClientThe Client is a leading apparel manufacturer with design studios in New York, London, Hong Kong and Colombo and ...
Stair steps to the CloudIn order to get rid of the legacy spreadsheets and bring in new efficiencies to the treasury opera...
   Business Users will have the ability to add any new    currencies, new SBUs from any geography without    making chang...
The time spent by the Treasury team toperform contract allocation and reporting toBanks and SBUs is expected to reducesign...
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Cloud based Enterprise Treasury Forward Booking Solution powered by Force.com technology

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How we're helping a corporate treasury team to move away from spreadsheet based legacy systems to the Cloud with Force.com technology.

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Cloud based Enterprise Treasury Forward Booking Solution powered by Force.com technology

  1. 1. Success StoryCloud based Enterprise Treasury Forward Booking Solution powered byForce.com technology www.sabretch.com Powered by
  2. 2. The ClientThe Client is a leading apparel manufacturer with design studios in New York, London, Hong Kong and Colombo and manufacturing facilitiesdistributed across Sri Lanka, India, Bangladesh, Indonesia and Mexico. Its buyers include some of the best known fashion and lifestyle brandsin the world.The Business ProblemThe corporate treasury division of the Client relied on a spreadsheet based system to hedge its foreign exchange riskexposure via forward bookings. Treasury has to take care of currency exposure requirement of more than 30 facilitiesbelonging to 13 SBUs and uses 6 different currencies.The booked forwards need to be allocated among SBUs in a way that neither SBU will have an advantage over theothers as a result of hedging. Its Treasury Team’s job to reduce the number of fund transfers between SBUs, theCorporate Office and Banks in order to bring down transaction cost to an optimum level.But with the cumbersome spreadsheet system, the Treasury Team had to spend a majority of their time manipulatingspreadsheet data and no consolidated view for the management to use; making it a reporting nightmare. 2
  3. 3. Stair steps to the CloudIn order to get rid of the legacy spreadsheets and bring in new efficiencies to the treasury operation, a cloud basedsolution seemed the most viable approach. The first step to coming up with a solution was to determine the rightcloud platform. Force.com was chosen as the Cloud platform due its agility – enabling the client to rapidly build anddeploy an application to suit their custom needs. The cloud platform also gives the ability to easily bring in additionalfeatures as well as address changing business needs.The SolutionSabre Technologies designed and developed the forward booking App on the Force.com platform. The Application isdesigned to automate and streamline the process of currency exposure requirement uploads from SBUs, forwardcontract bookings, contract allocations and reporting to SBUs and Banks. Force.com was the Cloud platform of choice due to its agility - enabling the client to rapidly build and deploy an application to suit their custom needs 3
  4. 4.  Business Users will have the ability to add any new currencies, new SBUs from any geography without making changes to the core application; the Application will grow over time within the client organization, supporting its growth strategy. The Treasury Team can select for different views to plan and merge foreign currency requests from SBU’s and negotiate better deals with banks. Advanced searching and grouping of results with a summary to make this task convenient for the users. The proposed system will completely eliminate Excel based work to log foreign currency contracts. All previous manual calculations, reconciliations and allocations will be automated. The next phase includes; the integration of the App with an existing, on-premise BI tool used by the Treasury Team and dynamic reporting capabilities. 4
  5. 5. The time spent by the Treasury team toperform contract allocation and reporting toBanks and SBUs is expected to reducesignificantly. The Application providesvaluable information to the management fordecision making on demand basis. Sabre Technologies Contact Us 752 Orion IT Park 5 Email: contact@sabretch.com Colombo 09 Tel: 94 11 4768800 Sri Lanka www.sabretch.com
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