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Kyriba Live !John Colleemallay

Senior Director, Group Treasury & Financing

Dassault Systèmes

London – June 21st, 2017

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2015 Dassault Systèmes – Company overview

Treasury Projects at DS

Agenda

Implementation Obstacles

Benefits

Kyriba Deployment overtime at DS

What’s Next

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Our Company

a ScientificcompanyCombining Science,

Technology and Art for a

sustainable society

14,000passionate people• 123 nationalities / 172 sites

• One global R&D / 56 labs

• Game changing 3DEXPERIENCE

solutions

>200,000 enterprise customers• 12 industries in 140 countries• 25 million users

12,600partners• Software, Technology &

Architecture

• Content & Online Services

• Sales

• Consulting & System

Integrators

• Education

• Research

Long-termdriven• Majority shareholder control

• Revenue: $3.2 Bn*

• Operating margin: 30.8%*

* Figures as of FY 2015 / Non-IFRS

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AMERICASHeadquartersBoston

WW & EMEAR HeadquartersParis

R&D labs (56)

3DS Offices (172)

ASIA PACIFICHeadquartersShanghai

Our Presence

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2015 Dassault Systèmes – Company overview

Treasury Projects at DS

Agenda

Implementation Obstacles

Benefits

Kyriba Deployment overtime at DS

What’s Next

6

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Treasury at Dassault SystèmesManaged via cloud based TMS to serve the rapid growth of the company

Banks Harmonisation and Cash Centralisation

• Rationalise the number of banks worldwide

• Make sure our cash was centralised and readily available per geo zone

Build a Worldwide Cash Pooling

• Avoid FX risks

• Optimise Cash Investments centrally (HQ)

Harmonize our Systems and Processes

• Security reinforcement with one Treasury Management System worldwide, interfaced with one ERP

• Corporate Simplification

• Payment Factory with SwiftNet implementation

• XML development and SEPA implementation

• Full deployment of 3SKey

Phase

1:

Phase

2:

Phase

3:

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Bank harmonisation: From 83 to 4 main banks*

1 Main

Bank

2 main

Banks

1 Main

Bank

* Covering 99% of flows + ~10 local banks for local regulation purposes

18

BanksFrom

18 to 1

From

36 to 2 From 29

to 1

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2015

Treasury at Dassault SystèmesManaged via cloud based TMS to serve the rapid growth of the company

Banks Harmonisation and Cash Centralisation

• Rationalise the number of banks worldwide

• Make sure our cash was centralised and readily available per geo zone

Build a Worldwide Cash Pooling

• Avoid FX risks

• Optimise Cash Investments centrally (HQ)

Harmonize our Systems and Processes

• Security reinforcement with one Treasury Management System worldwide, interfaced with one ERP

• Corporate Simplification

• Payment Factory with SwiftNet implementation

• XML development and SEPA implementation

• Full deployment of 3SKey

Phase

1:

Phase

2:

Phase

3:

9

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Worldwide Cash & Risk Optmization

USD Pool EMEA Pool JPY Pool

Overlay Multi-currency pool

with no FX risk

- All Cash centralised and Invested by HQ in Euros & USD (97%)

- Fully monitored by single TMS – cloud based

- No FX Risk

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2015

Treasury at Dassault SystèmesManaged via cloud based TMS to serve the rapid growth of the company

Banks Harmonisation and Cash Centralisation

• Rationalise the number of banks worldwide

• Make sure our cash was centralised and readily available per geo zone

Build a Worldwide Cash Pooling

• Avoid FX risks

• Optimise Cash Investments centrally (HQ)

Harmonize our Systems and Processes

• Security reinforcement with one Treasury Management System worldwide, interfaced with one ERP

• Corporate Simplification

• Payment Factory with SwiftNet implementation

• XML development and SEPA implementation

• Full deployment of 3SKey

Phase

1:

Phase

2:

Phase

3:

11

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- Zoom in STP

Accounts Receivable

DSx.

DSx.Accounts Payable

DSx.Cash pooling

DSx.Current account

DSx.Treasury

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Payments Flows harmonization process

Security reinforcement and corporate simplification

HQ TreasuryOne format

XML ISO 20022

One process

SWIFTNet/3SKey

10 beneficiary

banks centralised

12,500 payment flows

transiting by HQ

Treasury & going to 10

EU countries

20 DS entities in

Europe

50 bank accounts in

Europe

Local banking formats

replaced & E-banking sites

reduced from 5 to 1 TMS

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Payment factory paybackSome quick wins/advantages

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2015 Dassault Systèmes – Company overview

Treasury Projects at DS

Agenda

Implementation Obstacles

Benefits

Kyriba Deployment overtime at DS

What’s Next

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What obstacles during implementation

Work hand in hand with internal teams (SSC Finance, IT) to interface with existing ERP systems

Define once and for all rules within the system that will be coherent over time (e.g. Cash Application tool / XML & MT 940 formats)

Convince bank partners that our SaaS solution will be the only way to communicate with them

Abandon bank portals

Better security and control for us

Coordination between all parties, making sure all aligned within same time frame (importance of dedicated project team internally)

Security concerns

Data Protection

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If any….

How to overcome issues

Dedicated project team (within Treasury)

To be able to liaise with all banks and internal teams

To harmonise and understand rules more efficiently

Involvement of local teams (give access to TMS) for full commitment on project

Harmonisation of bank communication tool within the Group

Security on bank flows (reduce bank platforms & tokens/passwords)

Reduce costs & time on implementation

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2015 Dassault Systèmes – Company overview

Treasury Projects at DS

Agenda

Implementation Obstacles

Benefits

Kyriba Deployment overtime at DS

What’s Next

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In comparison to alternatives

Benefits of a SaaS Solution

Offers latest Innovation with better Security

Lower Cost than ASP (Application Service Provider) or on-Premise solutions

Support cost are optimized / no internal IT teams needed

Security is highly monitored for SaaS data as providers invest heavily in network security, encryption, access rights

A non SaaS solution would entail more cost because of individual configuration security needs

Performance higher

Disaster Recovery : Service Level Agreement (SLA) provides for committed uptime

Back up servers frequently tested

Full integration and interfacing with other Web applications

Ph

oto

Cre

dit

:w

aveb

reak

med

ia/S

hutte

rsto

ck

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What do these achievements bring to DS?

CASH is a core asset for DS:

Fully Centralised (95%+) and Secured

Optimised Investments

DS Treasury team has chosen new technologies to accompany its needs and

communicate with banks (Cloud based TMS, 3SKey, SwiftNet)

Harmonised processes and systems allow for greater visibility and access

These achievements have allowed DS Group Treasury to accompany the external growth of the Group (more than $1 Bn over the last 5

years) in a COHERENT, FAST and SECURE manner.

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2015 Dassault Systèmes – Company overview

Treasury Projects at DS

Agenda

Implementation Obstacles

Benefits

Kyriba Deployment overtime at DS

What’s Next

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Our Treasury Management Software(TMS) deployed WW

ASIA & EUROPE

XML/3SKey with MUFG

Bank mandates harmonization

Payments approval workflow

2015

AMERICAS

Cash pooling & interco booking

XML/3SKey with BofA

Automatic Cash application

GLreconciliation

2014

EUROPE & AMERICAS

Diamond merge into Ruby

Bank & Cash activities merge

2013

EUROPE

Cash pooling & interco booking

XML/3SKey Payment factory

Automatic cash application

GLreconciliation

2012

EUROPE

SwiftNet & MT940 migration

XML signed with 3SKey

French & European banks deployment

2011

EUROPE

Cash pooling & In-house banking

XML sent through Etebac5

2010

FRANCE

Bank & cash management at HQ

2007

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2015 Dassault Systèmes – Company overview

Treasury Projects at DS

Agenda

Implementation Obstacles

Benefits

Kyriba Deployment overtime at DS

What’s Next

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Cash management & GL reconciliation

Automatic cash application

XML/3SKey with BNP Australia

Electronic checks with BofA

Bank fees analysis

Multi-currency FX payments

For All !

Objectives / Main TakeAway:

• Replace One-Line Bank Platforms WW with Kyriba only

• Central/GEO administration and more security on flows

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Headaches for Treasurers

Risks & Frauds : Cyberattacks

New types of risks

Payments Flows Customer – Bank : Swift

Systems risks : Kyriba / Online portals access

Master Data Control: IBAN risks

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Virtual Bank Accounts

Take Away :

• Drastic reduction in number of accounts maintained

• Access to account receivables information and liquidity on real time basis.

• Reduction of Fees

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Impressive Implications on Costs, Structures and Systems

Virtual Accounts

Channelling of payments and/or collections through a single account

• Making Payments on Behalf of : POBO

• Collecting Payments on Behalf of : COBO

Rationalization of accounts, simplification of cash management structures

• Strong reduction in fees

• Can be operated using a single currency account (multi-currency payment files)

Other advantages

• Comprehensive view on global cash

• Reduce / betting mapping of exposure

• Simplification of Cash Pooling processes, since only one account !

• Easier, faster to open accounts (on-line) for entities, departments, etc…

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Supply Chain Financing via our Kyriba Platform

Supply Chain Finance

Dynamic Discounting

Make early payments to DS suppliers

with your excess cash

Reverse FactoringAllow DS suppliers to obtain early

payments thanks to DS Financial

Partners, while improving DS working

capital

Invoice TradingGive DS suppliers access to an

independent marketplace where they

can trade their receivables with

different types of funders

With DS excess cash With external funding

Facilitate access to financial

possibilities for DS New

partners

Allows DS to generate for

example a 3% return on its

excess cash (discount)

whilst market rate = 0%

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