Dubai Luxury Goods Distributor Swiss Watch Group Selects Kyriba’s Treasury Management Solution
August 31, 2015
Enables Risk Management with Enhanced Global Visibility and Controls
DUBAI, September 1, 2015: Kyriba Corp., the global leader in cloud Proactive Treasury Management, announced that Swiss Watch Group - part of International Luxury Group (ILG) which represents a rich portfolio of renowned luxury and fashion brands - has selected Kyriba Enterprise for its treasury management software. Swiss Watch will leverage Kyriba’s cash management and forecasting solutions to achieve a consolidated view of its cash group-wide, as well as add comprehensive bank connectivity, in order to enhance controls and enable more strategic decision-making.
“We chose Kyriba for the overall value it can bring to our more than 30 companies across the Middle East, Europe and Asia. Not only did it meet our functional and budgetary requirements, but we have established a strong working relationship with the team in Dubai, and feel confident the solution can significantly improve operational efficiency to help drive future growth,” said Sohan Podutwar, group finance manager at Swiss Watch Group. “With extensive international business, it was also key to select a solution that will help us better manage our foreign currency exposures.”
“We are delighted that Swiss Watch has chosen to partner with Kyriba,” said Roger Baroutjian, managing director of Kyriba Middle East FZ-LLC. “We are absolutely committed to delivering both operational and strategic value to Swiss Watch and many others, as we continue to see a rapidly increasing appetite in the region for cloud-based treasury management.”
To learn more about Kyriba or Proactive Treasury Management solutions, visit kyriba.com, kyriba.com/blog and follow Kyriba on LinkedIn and Twitter. Kyriba can also be found online at www.kyriba.ae.
Kyriba Corp. is the global leader in cloud-based Proactive Treasury Management. CFOs, treasurers and finance leaders rely on Kyriba to optimize their cash, manage their risk, and work their capital. Our award-winning, secure, and scalable SaaS treasury, bank connectivity, risk management and supply chain finance solutions enable some of the world’s largest and most respected organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance. To learn how to be more proactive in your treasury management and drive business value, contact [email protected] or visit kyriba.ae.
About Swiss Watch
Based in Dubai with a presence in eighteen different countries, Swiss Watch Group - which was established in 1996 and is a leading distributor of timepieces, jewellery, writing instruments, leather goods and eyewear to the Middle East and Africa. Swiss Watch Group is an integral link in the International Luxury Group (ILG) – a conglomerate that is the worldwide licensee for brands like – AIGNER, ESCADA, JEAN PAUL GAULTIER, NINA RICCI, CERRUTI 1881, KENZO, POLICE, GANT, SWISS MILITARY HANOWA, ROAMER, CHOPARD, CAROLINA HERRERA and TIMBERLAND. Starting humble, Swiss Watch Group has transcended to a strong and focused business hub that constantly innovates to create a positive identity for each of its brands. For more information visit www.interluxury.ae.