CEZ’s treasury transformation is all about standards
VIDEO | Before energy giant CEZ embarked on the generational renewal of its enterprise resource planning (ERP) system, the firm was working with a few parallel treasury systems: decentralised SAP, non-SAP treasury management systems (TMS), and separate SAP systems of vertically integrated entities. Following the renewal, CEZ Group's central system, now on the SAP S/4HANA platform, serves as the main source of treasury data without duplicated processes. Tomáš Krčka, Head of Group Treasury at the firm took the audience through the transformation at the Treasury 360° Nordic 2025 conference.
For CEZ, the SAP S/4HANA platform came with the promise of a shiny new business infrastructure for treasury operations and transactions. “The previous architecture was fragmented. There were workarounds, parallel entries, and so on,” Krčka reveals.
The process of transformation was a tedious one that was challenging to detail succinctly in a 20 minute session, but Krčka shares some lessons. “First of all, use a standard system as much as possible. It can be SAP or another TMS system – but use a standard system as much as possible.” Next, consider capacity challenges, especially when it comes to staffing. CEZ’s transformation took a total of around 50 people, including external consultants. Communication is key, and support from the right implementation partner can make a world of difference.
Looking forward, the firm is currently building a proof of concept for cloud analytics, and establishing use cases for artificial intelligence (AI).
Tomáš Krčka is Head of Group Treasury, CEZ Group.
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