Payments

Outgoing expenditures and other fund transfers.

How to Increase Financial Performance with Working Capital Programs

Working capital interview Edi Poloniato

Editor’s Note: Kyriba recently announced a record half-year in bookings growth and has seen an increase in demand for its working capital solutions. We interviewed Kyriba’s Edi Poloniato, Global Head of Working Capital Solutions, to find out how companies are benefitting from working capital programs like supply chain finance and dynamic discounting.

Why is working capital optimization more important than ever?

Daniel Shaffer
August 2, 2018

CFOs: Your Global Treasury Teams Are Wasting 5,000 Hours Per Year on Spreadsheets

CFO Treasury, spreadsheets waste 5000 hours

Global treasury teams are wasting an average of 4,812 hours per year using traditional spreadsheets to manage their cash, payments and accounting operations, according to a new Kyriba survey of 100 plus major brands in the U.S. and Europe.

The biggest Excel time-waster, according to survey participants, was getting the daily global cash position, which sucks an average of 1,296 hours per year, followed by treasury-related accounting tasks (1,176), payment fund transfers (960), cash forecast generation (792), and 588 hours per year for other key tasks.

Erik Bratt
July 19, 2018

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