Leading noodle manufacturer chooses cloud platform to streamline global treasury operations
TOKYO, September 4, 2014 – Nissin Foods Holdings, one of Japan’s largest manufacturers of noodles and instant foods, has chosen Kyriba, the leader in cloud-based treasury management solutions, to improve its global cash visibility, and support business growth strategies.
Nissin Foods Group will use the Kyriba Enterprise software-as-a-service (SaaS) treasury management system to streamline its cash visibility and forecasting processes, as well as automating manual processes and providing more accurate and reliable data. The company will implement Kyriba to offer a single, global view, providing it with vital data as it continues its international expansion strategy.
Nissin Foods Holdings has operations in 19 countries, with more than 7,500 employees worldwide. The company is best known in the U.S. for its Top Ramen brand, and has revenues in excess of ¥417 billion (~US$4 billion).
“Nissin Foods Group is the market leader in Japan, and as we look to further expand our international footprint, the need to have global cash visibility becomes paramount,” said Yukio Yokoyama, CFO at Nissin Foods Holdings. “Kyriba’s holistic solution integrates seamlessly into our existing financial systems, and gives us the insight to make timely, strategic, financial decisions. Being a SaaS-based product also means that we can roll it out across a number of markets without a long and expensive implementation process.”
“As a well-established company that is continuing its expansion across the globe, Nissin Foods Group faces challenges that we see in many companies – the need to use a single, highly scalable system, for cash and treasury management,” said Jun-Ichiro Kuwano, managing director of Kyriba Japan. “This solution will give the treasury team the insight and analysis to make confident, strategic financial decisions that will help the business grow.”
Kyriba is the global leader in next generation treasury solutions in the cloud. We enable CFOs and finance teams to increase compliance, reduce risk, and provide the insight necessary for strategic financial decision-making. Kyriba’s award-winning cash, treasury, payment, risk management and supply chain finance solutions are highly secure and scalable. With a client loyalty rate of more than 98 percent, Kyriba supports Global 2000 enterprises and fast-growth mid-market companies, including Amway, Electronic Arts (EA), Interpublic Group, PulteGroup, Inc. and Qualcomm. For more information on how to become a strategic partner to your organization, contact email@example.com or visit http://www.kyriba.com.