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best treasury cash management solution / ready to use with minimal customisation / iban connectivity
February 13, 2023

best treasury cash management solution / ready to use with minimal customisation / iban connectivity

Andrey Lokshin | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with SAP Treasury and Risk Management

We support large corporate customer (mining) in their implementation of digital strategy. SAP is most popular ERP product for large institutions and we are dealing with and SAP Hana/4 Treasury and Risk management as well as a part of decision making environment. SAP Treasury and Risk management accumulated best practise and offers explicit support, from start of implementation of digital strategy and actual use of the system. The scope of use is net financial position consolidation from 14 entities to get the consolidated balances, track actual cash flow done and verify against payment forecast to deliver next period of time (daily-weekly-monthly).
  • Cash Flow management
  • Multiple bank account balances consolodation
  • Affiliated companies verification and internal flows mitigation during consolidation
  • Cash resource planning within ERP Hana environment
  • Third party data import (quotes, FX rates)
  • Hedging accounts data import
  • Both available for cloud and on premises architecture
  • Reliable data storage
  • Good UX/UI design
  • Third party and API integrations are available
  • Interest rates instruments
  • Automated FX trading transactions (conditional, fractional, VWAP)
  • Credit risk dictionary to see counerparty risk from vendor (agency) or proprietory rank (AI)
  • Affiliated parties off-set reminder (clear debts end of period and notify)
  • VaR simulation applicable to account balances
  • Ripple protocol probably good to discuss for fast payments execution
  • Notification of counterparty of payment with valued date (T+2) to track cash in transit
  • Have room for RPA automations
  • Long term value creation mostly
  • Shareholder value / Costs invested ratio is at least 3
  • Decision quality improvement
  • Headcount costs reduction 5-10%
SAP Treasury and Risk Management has accumulated wider experience from customers who implemented it before, so it it less customised but more optimal for fast launch and prompt positive impact on your activity. It is less focused on market investments more on real industrial experience and fixed assets management. SAP has a large team of consultants, so you need no time for staffing your project team.

Do you think SAP Treasury and Risk Management delivers good value for the price?

Yes

Are you happy with SAP Treasury and Risk Management's feature set?

Yes

Did SAP Treasury and Risk Management live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of SAP Treasury and Risk Management go as expected?

Yes

Would you buy SAP Treasury and Risk Management again?

Yes

SAP Risk and Treaury is well suited for corporate industrial use. SAP has accumulted industrial experience of cash management and worth of the 100% money invested cause this fact reduces your time to get ERP treasury project launched as full functional. Needs more customised solution if applied to banks treasury (money market instruments focus, different accounting plan, internal risk management rules). Pricing is the main limitation: available for mostly large corporate and well financed projects but worth every dime spend on it.

SAP Treasury and Risk Management Feature Ratings

Treasury Management
8.1
Cash and Liquidity Management
10
Financial Fraud Prevention
3
Treasury Management Payments
10
Bank Account Management
10
Treasury Risk Management
7
Treasury Reporting
9
Liquidity Forecasting
9
Market Data
7

Using SAP Treasury and Risk Management

Treasury department, IFRS department, FP&R, Internal control department
2 - Several analysts to control accuracy of data, dictionaries update and devops department to assist proper system management and result delievery.
  • Cash Flow - Financial position reporting
  • Payments management
  • Group of companies consolidated reporting
  • Cah in transit reconcilliation
  • It is not innovative - BEST experience in industry reached till that moment
  • SAP os easy to migrate from on premises sol to cloud
  • Transfer of acciliated companies accounts to single decision center
  • FX arbitrage
  • We will import CDS data from ICE to track debt risks in EMEA
  • Green agenda initiatives
Customer gets on hold all projects till end of the 2Q 2023. Only support tasks are given.

Evaluating SAP Treasury and Risk Management and Competitors

Yes - SAS Institute FTP, Bitrix are replaced cause SAP is: 1) more fast for rapid intraday updates as refered to SAS 2) all best practise and previous emplementation errors are counted in current version of product 3) API availability and flexible infrustructure to add customisation.
  • Product Usability
  • Product Reputation
  • Prior Experience with the Product
Product Reputation - all best experience of treasury management is used by SAP to deliver you best treasury execution (past customers projects are continuously researched by SAP and errors or inefficiencies are mitigated).
Customers must seek for larger budgets for implementation. Is is not suited for mid sized companies due to the expencive support and licensing, hovewer delivering best quality for the price. Different treasury products is better to be supplied for industrial, asset management, reit, insurance and banking due to the differencies in accounting policies, account plans and risk and compliance regulation.