AM/NS India became the first integrated steel company globally and the first company in Asia Pacific to integrate live balance and fund transfer APIs directly into SAP S/4HANA (now SAPRISE), setting a new industry standard. AM/NS India is also on track to become the first ever company globally to establish trade API connectivity with banks on SAP Cloud. This enabled real-time visibility and automation on fund transfers, trade remittances, reconciliation and deal authorisations, harmonising its previously fragmented treasury management platforms.

Consequently, fully digitised transactions rose from 23% to 93%, across ~ 80,000 monthly transaction volumes. Full-time employee (FTE) productivity improved by 15%, as transactions handled per FTE increased by 20%. This positions the team as a cost-efficient, scalable and future-ready enabler for AM/NS India’s targeted expansion.

With large cash reserves, half of which was actively invested, Annapoorna’s team consolidated group-level investments on their Mutual Fund Utility (MFU) platform, which thereby was integrated with SAPRISE via API for seamless investment execution, real-time visibility into investment positions and automated record-keeping. Further, new investment products, such as high-rated corporate bonds/CDs of, arbitrage funds and government securities, were introduced to enhance portfolio returns without compromising credit quality.

A dynamic liquidity planner now updates forecast on a six-month rolling basis, improving accuracy and reducing financing costs, enabling treasury as a strategic enabler of financial performance. A liquidity dashboard on SAP provides real time viability and executes fund-transfers real-time. A chatbot provides critical insights on cash movements, yield performance and upcoming investment maturities. Further cost savings were achieved by right‑sizing supply chain and receivables financing arrangements and automating key processes. All trade limits of banks across LC/BG/SBLCs and funded limits are loaded, utilised and tracked for bank wallet optimisation on SAP RISE through a partnership digitisation project with Deloitte.

Enterprise risk and insurance optimisation – proactive commodity hedging strategy and governance including a close partnership with procurement enhanced pricing efficiency and EBITDA protection. In August 2024, leveraging insurance de-tariffication, the insurance team led a facility‑wide risk reassessment, achieving a significant reduction in mega-risk insurance premiums and optimising cover and deductible amounts, delivering considerable annual savings.

These initiatives reflect a culture of foresight, agility and innovation, positioning AM/NS India’s treasury team as a benchmark in corporate finance.