How Wipro Enterprises Leveraged IBSFINtech TMS to Redefine Treasury Excellence

Wipro Enterprises has Wipro Consumer Care and Lighting and Wipro Infrastructure Engineering under its umbrella. Wipro Consumer Care & Lighting is a leading FMCG business in Personal Care, Home Care, Lighting & Switches and Office Furniture with revenue of over $198.84 billion.

Challenges

• Operations were managed manually, leading to inefficiencies in the treasury function.

• The manual process was time-consuming, taking up most of the treasury team's time.

• Limited resources hindered the team from focusing on strategic decision-making.

• Managing the large treasury portfolio through spreadsheets was inefficient.

• The manual approach exposed the function to significant risk without proper controls.

• The lack of control over treasury operations created operational and organizational challenges.

Benefits

• The platform provides complete transparency and control over liquidity and investment management.

• Real-time data consolidation enhances decision-making by connecting to external systems.

• Automation with built-in validations improves process efficiency.

• Ensures data integrity by providing a single source of truth across treasury functions.

• Seamless data integration improves information symmetry across entities, units, and currencies.

• FTE optimization is achieved by reducing manual work and duplication across teams.

• CxOs can make informed decisions with dashboarding, improving business continuity.

• Open Banking and API integrations enable seamless connection between ERPs and banks for cash flow and fund transfers.

Client Feedback:

Kumar Ayashkanta, Chief Investment Officer, Wipro Enterprises

"We were looking for a suitable Treasury Management Solution to automate our treasury operations. We wanted to move beyond spreadsheet operations, manual management and deploy a dedicated solution. We evaluated the solutions available in the market and IBSFINtech, being a highly configurable and a comprehensive solution for Treasury management, suited our requirements. He further adds, "We are glad that we conceptualised this unique proposition bringing together India's most technologically advanced Bank and IBSFINtech to integrate and enable end-to-end connectivity for our treasury function. Being a unique proposition, it was facilitated well by the key stakeholders."