How India's Most popular Car Manufacturer built a smart & simple treasury?

Maruti Suzuki India Limited is the largest passenger vehicle manufacturer in India with dominant market share. It is a 56.21%-owned subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.

The country's largest carmaker Maruti Suzuki has roped in IBSFINtech to automate its entire treasury operations to protect itself from currency and market volatility, and eliminate errors.

Challenges

• Maruti Suzuki India Limited has exposure to foreign exchange, commodity price and interest rate risk. It is imperative that treasury manages these risks to ensure the sustainability and continued profitability of the company.

• With a lean treasury team, the objective was to improve the current treasury framework, process, systems and strategy to harness the potential of every team member. A decision was made to improve the treasury function through the implementation of best practices across FX risk management, investments management and cash flow management, the objective being to create a simple, sustainable, quick, efficient and innovative treasury function that could support Maruti Suzuki as it continued to grow.

Benefits

• Improved risk management

• Cost savings

• Efficiency gains

• Contributed to the bottom line

• Improved investment returns

• N2N automation of investments

Client Feedback:

Dinesh Gandhi, GM-Finance Head-Treasury, Maruti Suzuki India Ltd.

"We have been looking for a TMS for quite some time and finally we closed upon IBSFINtech's Innovative Treasury Management system as it proved to be apt for our requirements. They have offered customization, wherever necessary. During implementation, we have observed and appreciated the ease of use and inherent reporting capabilities. I am glad we selected IBSFINtech."