Japan Tobacco partnered with Zanders to create a new operating model and TMS based on a shared technology platform. The team chose SAP to support the treasury function, and the TMS was integrated into the SAP S/4HANA ERP system. Japan Tobacco was the first company to use SAP’s Multi Bank Connectivity (MBC) to local Japanese banks.

The global solution covered treasury operations at HQ level and at the local level in the company’s end markets where it has around 200 subsidiaries. The solution was also scalable in terms of the number of users, entities and transactions it could support. The new technology needed to enable the group’s 50,000 – 200,000 treasury transactions annually and invoice processing in 50 currencies. It also needed to pull together project members from Japan, Spain, Switzerland, Poland, Russia and the Netherlands.

With the new OneTreasury system, Japan Tobacco Group was aiming to:

• Further align and standardise the treasury processes between Japan Tobacco and Japan Tobacco International.

• Make the treasury processes more efficient.

• Enhance the treasury processes, by improving global cash and liquidity management and global FX Management.

• Enable an integrated governance and control environment.