The implementation of the SAP integrated credit and risk management solution FS² Credit was picked as one of the best projects we conducted in 2020.
Group Treasurer, Hikma
Industry
Pharmaceuticals
Revenue
$777m
Employees
8800
Headquarters
London, United Kingdom
The implementation of the SAP integrated credit and risk management solution FS² Credit was picked as one of the best projects we conducted in 2020.
Hikma is a multinational pharmaceutical company listed in London. With a presence across North America, MENA, and Europe, they provide a broad range of generic, specialty, and branded pharmaceutical products.
Hikma’s credit management challenges
Hikma’s receivables teams faced some familiar credit management challenges – including a complex and nonstandard process across both their SAP environment and other systems. Characterized by:
A series of issues including offline approvals, unsatisfactory controls, difficulties in analysis of credit behaviours, and a lack of standardized reporting methods contributed to a need for comprehensive overhaul of the company’s credit management practices.
Key facts:
Hikma chose Serrala as their partner to transform, centralize, and streamline their credit management processes with FS² Credit by bringing the entire workflow within their SAP system.
They chose this approach for its potential to let them create a scalable central hub for credit that they can easily integrate with relevant 3rd party data sources like Dun and Bradstreet. Establishing automated rules for credit approvals, saving time for the entire organization and its customers, and providing visibility of every action taken in the credit management process and workflow – all within a single familiar SAP interface.
The company now leverages a fully centralized credit management system that allows:
Hikma is a multinational pharmaceutical company listed in London. With a presence across North America, MENA, and Europe, they provide a broad range of generic, specialty, and branded pharmaceutical products.
Hikma’s credit management challenges
Hikma’s receivables teams faced some familiar credit management challenges – including a complex and nonstandard process across both their SAP environment and other systems. Characterized by:
A series of issues including offline approvals, unsatisfactory controls, difficulties in analysis of credit behaviours, and a lack of standardized reporting methods contributed to a need for comprehensive overhaul of the company’s credit management practices.
Key facts:
Hikma chose Serrala as their partner to transform, centralize, and streamline their credit management processes with FS² Credit by bringing the entire workflow within their SAP system.
They chose this approach for its potential to let them create a scalable central hub for credit that they can easily integrate with relevant 3rd party data sources like Dun and Bradstreet. Establishing automated rules for credit approvals, saving time for the entire organization and its customers, and providing visibility of every action taken in the credit management process and workflow – all within a single familiar SAP interface.
The company now leverages a fully centralized credit management system that allows: