Covarius Group
211 The Frames 1 Phipp Street,
London, EC2A 4PS,
United Kingdom
London, EC2A 4PS,
United Kingdom
44 20 3948-1967
Professional Services
Covarius Group
List of Software Implementations where Covarius Group is Reseller or System Integrator
Covarius Group, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Covarius Group collaboration with software players such as FIS Global, Kyriba and empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
Covarius Group is a Reseller or SI for the following software solutions:
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| Covarius Group | Kyriba | Kyriba Treasury | Treasury Management | TRM |
| Covarius Group | FIS Global | FIS Treasury and Risk Manager - Integrity Edition | Treasury Management | TRM |
List of Software Implementations where Covarius Group is a Reseller or SI
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
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Just Eat Takeaway | Professional Services | 13506 | $5.5B | Netherlands | FIS Global | FIS Treasury and Risk Manager - Integrity Edition | Treasury Management | 2023 |
In 2023, Just Eat Takeaway implemented FIS Treasury and Risk Manager - Integrity Edition as its global Treasury Management platform. The deployment was positioned to serve as a centralized treasury and payment hub to handle the company’s significant payment volumes, with FIS and implementation partner Covarius Group named in delivery communications.
The implementation configured core Treasury and Risk Manager capabilities aligned to Treasury Management requirements, including centralized payments processing, risk management functionality, and cash and liquidity orchestration common to enterprise treasury operations. FIS Treasury and Risk Manager - Integrity Edition was applied to consolidate treasury workflows and standardize payment handling and risk controls across the organization.
Operational coverage was described as global, with the system live less than 12 weeks after contract signature, reflecting a compressed, coordinated rollout across treasury and payments teams. The project narrative emphasizes high quality delivery from FIS and Covarius Group and a rapid production cutover, indicating tight program governance and cross-party change control during the short timeline.
Governance and rollout notes highlight close collaboration between Just Eat Takeaway, FIS, and Covarius Group to accelerate configuration, testing, and go-live activities. The live production milestone under 12 weeks is documented as the primary outcome in the source communication, confirming the platform now operates as the company’s centralized treasury and payments hub.
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Spotify | Media | 9123 | $3.2B | Sweden | Kyriba | Kyriba Treasury | Treasury Management | 2015 |
In 2015, Spotify implemented Kyriba Treasury as its Treasury Management platform to centralize cash, payments, and hedge accounting in support of rapid global expansion. The decision included joining the SWIFT network and adopting a Software-as-a-Service delivery model to prioritize scalability, secure bank connectivity, and a lightweight operations footprint for a small central treasury team.
The implementation deployed Kyriba’s core cash payments and financial transactions functionality and a SWIFT Service Bureau to build bank reporting architecture and automated cash positioning. Configuration work included setting up Spotify entities aligned to cash pools, a payment import flow, and a General Ledger export to the company’s main ERP system, plus market data feeds and an online trading platform interface. Hedge Accounting was enabled to support derivatives accounting for FX exposure as part of the functional scope.
Delivery was executed in two phases with collaborative teams from Kyriba, Covarius Group, and Spotify IT. Phase one focused on bank reporting, SWIFT automation, cash pool alignment, and interface builds, completed rapidly to allow end-to-end payment and statement import testing with banks. Phase two extended capabilities to a cloud-based algorithmic FX solution co-developed with a banking partner, reducing manual FX processing and supporting multi-currency operations across Spotify’s global footprint.
Operational governance was strengthened through segregation of duties enforced in Kyriba approval workflows, daily prior day reconciliation with cash categorization and transaction matching, and automated posting of GL journals to the ERP on a daily cadence. Spreadsheet-based cash positioning was decommissioned in favor of automated bank feeds and a centralized payments factory, yielding explicitly reported results of a fivefold reduction in operational risk, a twofold increase in treasury productivity, and $65,000 in annual bank fee savings.
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IT Decision Makers and Key Stakeholders at Covarius Group
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Buyer Intent: Companies Evaluating Covarius Group Services
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively evaluating Covarius Group software implementations. Gain ongoing access to real-time prospects and uncover hidden opportunities.
| Logo | Company | Industry | Employees | Revenue | Country | Evaluated | ||
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Covarius Group System Integrator / VAR Profile
Covarius Group is a system integrator and technology consulting firm headquartered in London, United Kingdom, with approximately 34 employees and annual revenues of $5M.
Covarius Group implements and supports enterprise applications across markets such as TRM.
APPS RUN THE WORLD tracks 2 verified Covarius Group software implementations across industries and regions, including: Just Eat Takeaway where Covarius Group implemented FIS Treasury and Risk Manager - Integrity Edition, and Spotify where Covarius Group implemented Kyriba Treasury.
Covarius Group has a strategic VAR/SI partnership with FIS Global and Kyriba, backed by verified deployments.
Independent Software Vendors (ISVs) can boost their ecosystem by identifying existing Covarius Group partnerships, building strong channel relationships, and forging strategic implementation alliances to expand customer reach and accelerate adoption.
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