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

1. Success Story
Cloud based Enterprise Treasury Forward Booking Solution powered by
Force.com technology
www.sabretch.com
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2. The Client
The Client is a leading apparel manufacturer with design studios in New York, London, Hong Kong and Colombo and manufacturing facilities
distributed across Sri Lanka, India, Bangladesh, Indonesia and Mexico. Its buyers include some of the best known fashion and lifestyle brands
in the world.
The Business Problem
The corporate treasury division of the Client relied on a spreadsheet based system to hedge its foreign exchange risk
exposure via forward bookings. Treasury has to take care of currency exposure requirement of more than 30 facilities
belonging 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 the
others as a result of hedging. Its Treasury Team’s job to reduce the number of fund transfers between SBUs, the
Corporate 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 manipulating
spreadsheet data and no consolidated view for the management to use; making it a reporting nightmare.
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3. Stair steps to the Cloud
In order to get rid of the legacy spreadsheets and bring in new efficiencies to the treasury operation, a cloud based
solution seemed the most viable approach. The first step to coming up with a solution was to determine the right
cloud platform. Force.com was chosen as the Cloud platform due its agility – enabling the client to rapidly build and
deploy an application to suit their custom needs. The cloud platform also gives the ability to easily bring in additional
features as well as address changing business needs.
The Solution
Sabre Technologies designed and developed the forward booking App on the Force.com platform. The Application is
designed to automate and streamline the process of currency exposure requirement uploads from SBUs, forward
contract 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
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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.
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5. The time spent by the Treasury team to
perform contract allocation and reporting to
Banks and SBUs is expected to reduce
significantly. The Application provides
valuable information to the management for
decision 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