Accenture: Delivering On the Promise of Technology and Human Ingenuity Every Day
See how Accenture gained greater accuracy, speed, flexibility, agility, and straight-through processing in managing complex hedge programs by centralizing and automating its treasury applications and processes for foreign-exchange risk management. Dokument herunterladenPUBLIC
Picture Credit | Customer Name, City, State/Country. Used with permission.
Accenture is a global professional services company with leading digital, cloud, and security
capabilities. It combines experience and specialized skills in more than 40 industries. Accenture
offers strategy, consulting, interactive, technology, and operations services. Its 738,000 staff
members serve clients in more than 120 countries.
With global operations at this scale, volatility in currency and interest rate markets required
Accenture to manage the challenges of foreign-exchange risk and the related trade execution
with extreme agility. However, the company faced challenges with its treasury risk management
IT setup due to various applications not connecting seamlessly, limited real-time visibility into
balance sheet exposures at times, and automation that was somewhat lacking. Market data
transparency and reporting capabilities left room for improvement, while operational inefficiencies
and occasional errors stemmed from manual processes. The company aimed to enhance its
currency exposure management, transitioning from monthly routines to a more-automated and
efficient approach, making it easier to navigate market fluctuations.
Accenture: Delivering On the
Promise of Technology and Human
Ingenuity Every Day
Picture Credit | Customer Name, City, State/Country. Used with permission.
Accenture is a global professional services company with leading digital, cloud, and security
capabilities. It combines experience and specialized skills in more than 40 industries. Accenture
offers strategy, consulting, interactive, technology, and operations services. Its 738,000 staff
members serve clients in more than 120 countries.
With global operations at this scale, volatility in currency and interest rate markets required
Accenture to manage the challenges of foreign-exchange risk and the related trade execution
with extreme agility. However, the company faced challenges with its treasury risk management
IT setup due to various applications not connecting seamlessly, limited real-time visibility into
balance sheet exposures at times, and automation that was somewhat lacking. Market data
transparency and reporting capabilities left room for improvement, while operational inefficiencies
and occasional errors stemmed from manual processes. The company aimed to enhance its
currency exposure management, transitioning from monthly routines to a more-automated and
efficient approach, making it easier to navigate market fluctuations.
Accenture: Delivering On the
Promise of Technology and Human
Ingenuity Every Day
PUBLIC | 90265enUS (24/02) © 2024 SAP SE or an SAP affiliate company.
sap.com/terms-of-use
Solutions and Services
SAP Risk Management for SAP S/4HANA,
Brisken OnePilot, Brisken Market Data Hub,
and Brisken TraderPlus
Revenue
US$16.6 billion
Employees
738,000
Products and Services
Strategy, consulting,
interactive, technology,
and operations services
Industry
Professional
services
Accenture
Dublin, Ireland
www.accenture.com
Increase in processing
speed and data accuracy
90%
Reduction in manual errors
80%
“Real-time data and improved operational
efficiencies, combined with analytics, allows our
Risk Management team to quickly respond to ever-
changing market conditions, manage a growing
portfolio, and achieve our objective of minimizing
the P&L impact due to foreign exchange. All of
this was accomplished without increasing headcount,
which is quite a success.”
Joan Mizerk, Assistant Treasurer, Risk Management, Accenture
Before: Challenges and Opportunities
• Risk management approach involving a mix of various third-party systems and manual processes
• Opportunity for development of “straight-through” processing capabilities for trade execution
• Room for improved integration in market data management, including data irregularities checks,
ongoing process monitoring, and robust audit trails to ensure compliance standards are met
Why SAP
• SAP Risk Management application for SAP S/4HANA to automate and streamline foreign-exchange
risk management processes, from exposure management to accounting
• Brisken OnePilot, enabling a cloud-based framework for the automation and integration of systems and
processes, which was developed as a co-innovation with and certified by SAP
• Brisken Market Data Hub and TraderPlus solutions, powered by OnePilot, to provide the desired data
governance, process automation, and control features
After: Value-Driven Results
• Delivered a single source of truth for market data, enabling the treasury team to spend less time on
data validation and providing consistent market data across systems and processes
• Introduced automation and straight-through processing for foreign-exchange trade execution
• Created compliant market data governance and trade automation processes with an audit trail; data
quality checks; segregation-of-duty and maker-checker features; and process monitoring with alerts
• Reduced the risks and costs associated with manual processes while improving operational efficiency
• Future-proofed the trade automation and market data governance processes, readying the company
for constant change and meeting the need for agility to adjust to changed market and business realities
Driving Automation in Managing Foreign-Exchange Trading and
Market Data Governance with Brisken OnePilot and SAP Solutions
sap.com/terms-of-use
Solutions and Services
SAP Risk Management for SAP S/4HANA,
Brisken OnePilot, Brisken Market Data Hub,
and Brisken TraderPlus
Revenue
US$16.6 billion
Employees
738,000
Products and Services
Strategy, consulting,
interactive, technology,
and operations services
Industry
Professional
services
Accenture
Dublin, Ireland
www.accenture.com
Increase in processing
speed and data accuracy
90%
Reduction in manual errors
80%
“Real-time data and improved operational
efficiencies, combined with analytics, allows our
Risk Management team to quickly respond to ever-
changing market conditions, manage a growing
portfolio, and achieve our objective of minimizing
the P&L impact due to foreign exchange. All of
this was accomplished without increasing headcount,
which is quite a success.”
Joan Mizerk, Assistant Treasurer, Risk Management, Accenture
Before: Challenges and Opportunities
• Risk management approach involving a mix of various third-party systems and manual processes
• Opportunity for development of “straight-through” processing capabilities for trade execution
• Room for improved integration in market data management, including data irregularities checks,
ongoing process monitoring, and robust audit trails to ensure compliance standards are met
Why SAP
• SAP Risk Management application for SAP S/4HANA to automate and streamline foreign-exchange
risk management processes, from exposure management to accounting
• Brisken OnePilot, enabling a cloud-based framework for the automation and integration of systems and
processes, which was developed as a co-innovation with and certified by SAP
• Brisken Market Data Hub and TraderPlus solutions, powered by OnePilot, to provide the desired data
governance, process automation, and control features
After: Value-Driven Results
• Delivered a single source of truth for market data, enabling the treasury team to spend less time on
data validation and providing consistent market data across systems and processes
• Introduced automation and straight-through processing for foreign-exchange trade execution
• Created compliant market data governance and trade automation processes with an audit trail; data
quality checks; segregation-of-duty and maker-checker features; and process monitoring with alerts
• Reduced the risks and costs associated with manual processes while improving operational efficiency
• Future-proofed the trade automation and market data governance processes, readying the company
for constant change and meeting the need for agility to adjust to changed market and business realities
Driving Automation in Managing Foreign-Exchange Trading and
Market Data Governance with Brisken OnePilot and SAP Solutions
Annual FX cost
reduction
$500,000
Reduction in FX
slippage
US$6 M
“Transitioning our processes into SAP Risk
Management for SAP S/4HANA allows our Risk
Management team to have a single source of
truth for FX and increase hedging accuracy due
to real-time visibility of exposures. The business
can focus more on value-added work and
strategic initiatives.”
Jody Meyer-Diaz, Global Risk Management Lead, Accenture
Accenture wanted to centralize and automate its nonintegrated treasury applications and
manual processes for foreign-exchange (FX) risk management. Using the SAP Risk
Management application for SAP S/4HANA, the company implemented balance-sheet
exposure analysis, transaction management, trade recording, accounting, payments, and
valuation capabilities.
With Brisken OnePilot and the Brisken Market Data Hub and TraderPlus solutions, Accenture
was able to introduce leading market data automation and governance and FX trade
automation and integration. The solutions complement the implemented SAP solution and
provide essential features for the comprehensive governance of market data and the straight-
through processing of FX trades.
This automation and software integration enable real-time visibility of market data,
currency exposures, and trades on a consolidated basis. As a result, Accenture has
gained greater accuracy, speed, flexibility, agility, and straight-through processing in
managing complex hedge programs. This has reduced FX slippage and transaction costs.
The company also gained significant savings by retiring legacy applications, due to
reductions in licensing, compliance, data, and operational costs.
Pursuing Next-Generation Foreign-Exchange
Risk Management
reduction
$500,000
Reduction in FX
slippage
US$6 M
“Transitioning our processes into SAP Risk
Management for SAP S/4HANA allows our Risk
Management team to have a single source of
truth for FX and increase hedging accuracy due
to real-time visibility of exposures. The business
can focus more on value-added work and
strategic initiatives.”
Jody Meyer-Diaz, Global Risk Management Lead, Accenture
Accenture wanted to centralize and automate its nonintegrated treasury applications and
manual processes for foreign-exchange (FX) risk management. Using the SAP Risk
Management application for SAP S/4HANA, the company implemented balance-sheet
exposure analysis, transaction management, trade recording, accounting, payments, and
valuation capabilities.
With Brisken OnePilot and the Brisken Market Data Hub and TraderPlus solutions, Accenture
was able to introduce leading market data automation and governance and FX trade
automation and integration. The solutions complement the implemented SAP solution and
provide essential features for the comprehensive governance of market data and the straight-
through processing of FX trades.
This automation and software integration enable real-time visibility of market data,
currency exposures, and trades on a consolidated basis. As a result, Accenture has
gained greater accuracy, speed, flexibility, agility, and straight-through processing in
managing complex hedge programs. This has reduced FX slippage and transaction costs.
The company also gained significant savings by retiring legacy applications, due to
reductions in licensing, compliance, data, and operational costs.
Pursuing Next-Generation Foreign-Exchange
Risk Management
To digitalize management of foreign-exchange hedging, the Risk Management team at
Accenture chose the following SAP and partner solutions:
• SAP Risk Management application for SAP S/4HANA
• SAP Business Technology Platform
• SAP Analytics Cloud solution
• RISE with SAP S/4HANA Cloud Private Edition
• SAP trading platform integration
• SAP Fiori user experience
• SAP Services and Support
• Brisken OnePilot
• Brisken TraderPlus
• Brisken Market Data Hub
• Brisken Treasury Consulting and Onboarding Services
Solutions and Services
Picture Credit | Customer Name, City, State/Country. Used with permission.
Accenture chose the following SAP and partner solutions:
• SAP Risk Management application for SAP S/4HANA
• SAP Business Technology Platform
• SAP Analytics Cloud solution
• RISE with SAP S/4HANA Cloud Private Edition
• SAP trading platform integration
• SAP Fiori user experience
• SAP Services and Support
• Brisken OnePilot
• Brisken TraderPlus
• Brisken Market Data Hub
• Brisken Treasury Consulting and Onboarding Services
Solutions and Services
Picture Credit | Customer Name, City, State/Country. Used with permission.