Cipla Group achieves real-time visibility, stronger governance, and enhanced risk management

Cipla Group is India's leading multinational pharmaceutical company with a strong global footprint, providing innovative healthcare solutions across more than 80 markets worldwide. With revenues of approximately USD 3.37 billion in FY 2025-26, Cipla Group has established itself as one of India's leading pharmaceutical companies, backed by over 90 years of trust, innovation, and healthcare excellence.

Challenges

• Forex and Exposure tracking: Limited visibility into exposures and hedge positions.

• Risk Management: Reactive approach to FX and interest rate risks.

• Compliance & Controls: Manual checks with inconsistent documentation and audit challenges.

• Audit Readiness: Time-consuming audit preparation with manual data collation.

• Operational Risk: Higher risk of errors, rework, and control lapses.

• Period-End Closure: Delays due to manual reconciliations and postings.

• Governance & Access Control: Informal access management and limited segregation of duties.

• Scalability: Limited ability to handle increased volumes or new instruments.

• Accounting Entries: Manual journal entries with high dependency on individuals.

• Process Execution: Heavy reliance on manual processing and spreadsheets, leading to delays and higher error risk.

• Cash Visibility: Fragmented cash position across multiple banks and files with limited real-time visibility.

Benefits

• Accelerated Transformation: The rapid shift from manual Excel-based records to a fully automated system has significantly improved accuracy. This advancement has reduced month-end reporting timelines by one day, leveraging automated fair valuation and accrual processes. The impact on operational excellence and reporting speed is both substantial and impressive.

• Significant Cost Savings: Reduced processing time for investment transactions ensuring investment transactions are processed before cut-off ensuring no leakage on potential interest earnings.

• Optimised Workforce: The focus of the treasury team has shifted from manual tasks to strategic analysis and value-added activities, enhancing overall productivity without reducing the head count.

• Streamlined banking operations: Consolidation of various banking portals into a single platform simplified transaction management significantly and reduced operational complexity, though the number of banking partners remains unchanged.

• Enhanced Process efficiencies: A unified workflow accelerates transaction processing across multiple platforms, driving substantial improvements in operational efficiency.

• Comprehensive Automation: End-to-end automation covered record keeping, accounting entries, and approval workflows, minimizing manual intervention and enhanced accuracy.

• Advanced Risk Management: Built-in policy checks reduced the chances of errors and policy lapses, strengthening risk management practices.

• Improved visibility: Detailed transaction logs and maker-checker visibility ensured full transparency and accountability in high-impact treasury operations.

• Error Reduction: Integration with banks, MFU, and SAP minimized errors in fund transfers and accounting transactions, ensuring reliable and accurate processing.

• Reduced Manual Intervention: Automation eliminates the need for manual month-end accounting entries, with direct postings for fair valuation seamlessly integrated into SAP.

• Improved Connectivity: Seamless integration with key systems like banks, MFU, and SAP ensures smooth, error-free processing and enhanced system connectivity.

• Future-ready solution: Designed to adapt with rapid transformation, this automation project enabled a data-dependent solution.

Client Feedback:

Abhay Adukia, Head of Treasury, Cipla Group

"We selected IBSFINtech's Treasury Management System after a detailed evaluation, and the implementation has successfully brought structure and efficiency to our operations. Prior to this, our team spent significant time managing fragmented spreadsheets and accessing multiple banking portals. This platform has enabled us to consolidate our cash flow & liquidity, debt, FX, investment management under one umbrella. Throughout the transition, the IBSFINtech team was exceptionally supportive, ensuring a smooth and well-coordinated implementation process. Having these capabilities centralized on a single dashboard has streamlined our daily workflows. Whether we are monitoring global cash positions, tracking FX exposures, or managing debt facilities, the process is now unified and robust. Ultimately, replacing manual data aggregation with system-driven automation has improved overall visibility and control, allowing our team to focus on more strategic financial decisions with confidence."