Technology transformation in Treasury Using automation to ... ... SAP Treasury ( TRM) ¢â‚¬â€œTrade and accounting

  • View
    0

  • Download
    0

Embed Size (px)

Text of Technology transformation in Treasury Using automation to ... ... SAP Treasury ( TRM)...

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    Technology transformation in Treasury Using automation to enhance control

    July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    2

     High level Company Overview

     The Journey of transformation at Givaudan

     Treasury Modernisation: Key areas and benefits

     How SAP Treasury helped transform and modernise treasury process

     Questions?

    Agenda

    Confidential and proprietary business information of Givaudan July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    Key drivers of consumer repurchase decisions The fragrance and flavour industry

    Source: AC Nielsen (European) study

    3

    Scent

    4-6% of customers COGS

    Smell and taste

    0.5% of customers COGS

    Overall experience

    Brand

    Fragrance image

    Other

    Brand image

    Price

    Packaging

    78%

    8%

    5%

    3%

    6%

    30%

    15%

    10%

    45%

    FRAGRANCES FLAVOURS

    Confidential and proprietary business information of Givaudan July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    End consumer markets The Fragrance & Flavour Industry

    Our customers Multi-national | Regional | Local | Foodservice | Private label

    The cost of fragrances and flavours to our customers is typically between 0.5 – 5% of their product cost

    Food BeveragesFine Fragrances Household Personal care

    4Confidential and proprietary business information of Givaudan July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    Givaudan – The Industry Leader

    World leader in creating memorable fragrances and flavours Inspiring our customers’ brands, delighting consumers

    Confidential and proprietary business information of Givaudan 5July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    6

    Key facts and figures from 2016 full year results

    Net Profit CHF 644 million

    Total Group SalesCHF 4.7 billion

    Free Cash FlowCHF 597 million

    Leverage ratio19%

    24.1 EBITDA%

    Confidential and proprietary business information of Givaudan July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    7

     High level Company Overview

     The Journey of transformation at Givaudan

     Treasury Modernisation: Key areas and benefits

     How SAP Treasury helped transform and modernise treasury process

     Questions?

    Agenda

    Confidential and proprietary business information of Givaudan July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    July 2017Confidential and proprietary business information of Givaudan 8

    Givaudan’s Treasury Transformation - Evolution of TMS

    2012 2014 2015 2016 2017

    Single ERP

    SAP Treasury ( TRM) – Trade and accounting

    SAP In-house cash – payments on behalf

    Plan for Treasury Transformation

    Design and Vision

    EMIR and Financial instrument valuation

    FX Risk Management – Full automation and STP

    Supply Chain Financing with In- house cash

    Cash Management

    Cash flow Forecasting

    Counterparty Risk Management

    Digital Treasury Platform

    SWIFT and Bank Account Management

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    July 2017Confidential and proprietary business information of Givaudan 9

    Improvement in “User Experience”

    Future2000s1990s

    2010+

    Excel sheets Workstation Cockpit

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    July 2017Confidential and proprietary business information of Givaudan 10

    Business drivers

    1. FX Risk management

    2. Working capital management

    3. Cash Management, Cash flow forecasting and counterparty risk

    4. Treasury set-up (Centralized / close to local business)

    • Treasury is fully integrated with business for monitoring and management of FX exposures

    • There is a need from business to actively manage FX exposures

    • Payments on behalf (POBO) enables treasury to actively manage working capital

    • Supply chain finance initiatives

    • Automated data gathering and aggregation from various sources

    • Easy and flexible reporting of Cash Positions, Forecasts and Counterparty exposures

    Flexible models in treasury set-up – centralized treasury or treasury expert working closely with the local business

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    11

     High level Company Overview

     The Journey of transformation at Givaudan

     Treasury Modernisation: Key areas and benefits

     How SAP Treasury helped transform and modernise treasury process

     Questions?

    Agenda

    Confidential and proprietary business information of Givaudan July 2017

  • #NP#_VZBfT8IwFMW/StMnjUy2wmbH22CbDDMswQiS vtTRmcbYLl3xTwjf3Vv 0QZOmufec30lO7hE3DZ4csW2rPZ7gKAzh+Q+fBmB5jQ9z4eRFFJNkF BFCKQnDK49d8iEe4L3yeQHg0 jiBMu2MVgaMZ6/VqrGmN61DzHxIy 4zSzoeqHMyy qJPFilTJ rJzTDZsuQ1Y/LsajigHS dkDcTT ifGd1KK3Uje85JGFH0T1lnDD1YKfqD/eK8FvZ VOqVfz jknteM8N83hDSaAmZU9TMIpo2H9LYvOzQN0q97FYS80+ot dd537hD7dT+enUbydr 9er7c39vN6sdtUy2tKYVDsKjDsj6SyeFkVJA+ iaBmM6zYM09ms6zrK4TCJSwHlP3w==_#NP#

    12

    Giv Fin. (CHF)

    Aff. A Aff. B Internal FX

    Aff. CAff. D

    Internal FX

     Internal Fx activities were performed for 17 entities & a total of 31 currency pairs

     More than 6