The thoughts about implementing a new treasury system can make many treasurers sweat and cause them many sleepless nights. There are numerous horror stories about implementations gone bad, lasting much longer than anticipated, with budget overruns, and in the end the consultants didn’t deliver what they had promised.
However, SAP has come up with a new ‘medicine’ to cure this problem and it is called SAP Rapid Deployment Solutions.
SAP Rapid Deployment Solutions contain preconfigured software, implementation services, content, and end user enablement.
But the most innovative part is that the project is delivered at a fixed price.
SAP and several of SAP’s partners have committed to offer the implementation with the following pledge:
- Fixed project price
- Fixed functional scope
- Fixed project timeline
The rapid-deployment methodology has been used in hundreds of implementation projects within different areas such as CRM, HCM, Mobility, & Analytics. And now, the rapid-deployment methodology has also been applied to SAP Treasury and Risk Management – allowing you go live in as little as 12 weeks!
The Rapid Deployment Project
The 3 key criteria for a successful treasury implementation project are:
- A well-defined scope
- A realistic project plan
- A clear distribution of responsibilities and tasks between the customer and the consultant
SAP Rapid-Deployment Solutions contain all this, plus more!
All SAP Rapid Deployment Solutions are bundled packages containing great materials such as automated configuration content, templates, guides for consultants, a project plan with allocation of work between consultants and the customer, as well as training material and end user documentation in addition to test scripts.
With this package in hand you can speed up the project as well as better determine the project plan and timeline. Therefore it can be offered it at a fixed price and fixed timeline which that almost eliminates the project risk.
Using the rapid deployment solution guarantees you a successful and quick treasury implementation. Allowing treasurers to sleep well at night 🙂
The Rapid Deployment Scope
The SAP Treasury and Risk Management rapid-deployment solution supports the following instruments:
- Money Market investments and borrowings
- FX spot, forward, swap and non-deliverable forward
- Interest rate swap
The full SAP Treasury and Risk Management solution supports many more instruments than those listed above, and they can also be implemented in addition to the rapid-deployment solution as a normal project.
In scope of the rapid-deployment solution are also the Credit Risk Analyzer for the limit management and the Market Risk Analyzer to calculate important key figures such as the fair value and basis point value or a position. Also in scope, is the standard process for the instruments from creation of the deal to the maturity as shown with support for SWIFT MT correspondence messages as well as accounting support for IFRS, US GAAP, and GERMAN HGB.
Process overview for SAP Treasury and Risk Management rapid-deployment solution:
For more blogs about SAP Rapid Deployment Solutions, click here
Follow SAP Rapid Deployment Solutions on Twitter: @SAPRDS