Case study

How SGD Pharma Replaced Its Legacy TMS in Less Than 3 Months and Remotely Thanks to myDiapason?

“We received excellent advice and support from the Diapason teams. This enabled us to implement the solution quickly and without disruptions, even during lockdown, with the guarantee of an immediately operational solution.”

Maxime Costentin,

Deputy Treasurer, SGD Pharma

About SGD Pharma

Leader in molded and tubular glass production for the pharmaceutical industry

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employees
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subsidiaries in Europe and America
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different banks

The Context of the Project with SGD Pharma

Amid the health crisis and unstable economic context, the company faced an unexpected increase of over 40% in pricing conditions from its historical supplier. SGD Pharma then decided to replace its current TMS to ensure automated management of liquidity and payments.

The challenge was particularly complex and delicate:

  • Replace the legacy TMS remotely during lockdown

  • Complete the migration in less than 3 months without operational disruption

  • Obtain a 360-degree view of all cash flows and position reports

  • Ensure SWIFT connectivity to communicate with banks

  • Configure the TMS for greater flexibility

The Solution Provided by myDiapason

SGD Pharma chose the myDiapason TMS and its Cash and Payment modules, customized to cover the following scope and functionalities:

  • Cash Management: to optimize all financial flows, forecasts, cash transfers, bank statement imports, and reconciliations.

  • Third-Party Payments: for entering, importing, and validating third-party payments.

  • Payment Hub: for validating, rejecting, canceling, or changing account dates.

SGD Pharma particularly appreciated the Diapason teams’ ability to streamline and accelerate the migration operations, notably through automated data imports.

The entire repository and management have been standardized with the previous solution. The same tracking links with Excel files were maintained to meet business needs, with no data loss during the transition.

“Another strong point is that we benefited from data recovery by retrieving our historical statements for the first three months of 2020, thus gaining visibility for the entire year for our monitoring.”

Maxime Costentin,

Deputy Treasurer, SGD Pharma

Results for SGD Pharma

The myDiapason solution allowed SGD Pharma to replace its legacy TMS in less than 3 months, without physical presence or data loss. Furthermore, the company estimates it will achieve a 30% cost savings compared to the old solution.

Other successes include:

  • Rapid Skill Development for Teams: Despite the enforced total remote work context, team training and testing allowed for immediate onboarding and adoption of the tool.

  • Great Flexibility in Daily Tasks: The smooth and intuitive navigation helps treasurers easily make modifications to certain rules, such as bank reconciliations.

  • Average Daily Time Savings of 30 Minutes: Thanks to an extensive functional coverage that opens new possibilities: quick searches for specific information, the ability to individually select payments for validation or rejection, etc.

  • Reporting for a Comprehensive View of Treasury: Teams can quickly generate Excel files in the desired format while avoiding errors.

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