Delivery Hero’s treasury team combined a new investment strategy with a transformative technology project to establish a scalable and focused approach to cash investing in a three-phase strategy.

First, the centralised treasury team collaborated with eight regional treasury hubs to benchmark interest rates at the bank accounts in their operating countries. The team then created a priority list with the highest potential interest earnings based on interest rates in-country and bank account balances.

From this, the team re-negotiated bank account and deposit terms with their partner banks.

In a third phase, they onboarded ICD Portal and integrated it into SAP treasury and risk management systems using the SAP/ICD API further to increase the product range and counterparty risk allocation. Using the SAP-ICD API on SAP’s trading platform integration (TPI), treasury achieved a seamless workflow with single sign-on to their SAP treasury and risk management system.

The team revised their investment policies to include money markets. The integrated technology solution enabled treasury to gain visibility into excess cash, diversify cash balances using a broader range of investment vehicles, and mitigate counterparty concentration risk while achieving significantly higher returns globally – within four months of the first interest hikes.

Through the use of tools and investment products, including ICD, the team increased interest earnings by more than 10% globally. Savings have been generated through automation and system integration. Moreover, Delivery Hero’s issuer credit rating improved by four notches; the strategy was also compliant from an IFRS and local GAAP perspectives in more than four continents and more than 20 countries and currencies.