Biotest AG implementing SAP Treasury: More efficient integration of accounting and bank partners
„We decided to roll out TMS in order to meet increasing statutory requirements and to improve the efficiency of our treasury processes. With the professional support provided by COMPIRICUS and its tailored fair-value measurement solutions, we were able to achieve this goal.“ (Martin Möller, VP Group Finance and Treasury)
After a comprehensive selection process, Biotest AG decided to roll out SAP Treasury. This was followed by an analysis, development and implementation process lasting several months. Working with its advisor COMPIRICUS, Biotest AG was able to map the treasury processes used by the group‘s domestic companies optimally within the SAP software.
Particular attention was paid to automating data entries, monitoring international payment flows and tracking the group‘s various hedging and financing instruments in accordance with IFRS and German GAAP requirements. With the roll-out of SAP Treasury, Biotest AG has now taken a decisive step forward in the implementation of a consistent finance system and process landscape, successfully executing this in its IT processes.
In particular, an SAP add-on was implemented to calculate and evaluate DVA and CVA for all derivative financial instruments (foreign-currency forwards and interest-rate swaps) as of the reporting date in accordance with IFRS 13 „Fair Value Measurement“.
- Consistent treasury system landscape
- Closer interlinking of internal units and external partners
- Lower costs and resource requirements thanks to increased level of automation