Eurostar Selects Kyriba to Enhance Treasury and Risk Management Capabilities
October 7, 2013
SaaS TMS platform to provide better visibility and enhance controls around liquidity; enable payments
LONDON – October 9, 2013 – Kyriba, the leader in cloud-based treasury management solutions, has been appointed by Eurostar International to deliver an integrated suite of treasury, risk management and payments solutions. Eurostar will use the Kyriba Enterprise software-as-a-service (SaaS) platform across its European operations, enabling the company to centralise, automate and increase control over treasury processes, as well as to improve connectivity with its banking partners.
Kyriba was selected following a comprehensive vendor review, and will replace Eurostar’s existing treasury module in its ERP system. The cloud-based system will be used by Eurostar’s treasury team to provide connectivity to its network of banks, thus enabling the company to make its overall banking procedures more efficient. Additionally, Eurostar will use Kyriba’s Payments module, with its SEPA-compliant formats and mandates, to streamline its third-party payments processes.
“As an international company, Eurostar needs a solution which works seamlessly across multiple borders and currencies,” said Chris Egan, Head of Treasury at Eurostar International. “Kyriba enables our treasury team to increase its productivity and maintain a much stronger control over our cash holdings and FX exposure. By automating a number of tasks that we previously had to complete manually, as well as integrating into the corporate ERP solution, the team is able to work more efficiently. In addition, by using Kyriba’s Payments module, we can ensure that our payments are all made using SEPA-compliant formats.”
Rémy Dubois, EVP and managing director, EMEA at Kyriba, commented; “As with many companies that move to Kyriba, Eurostar’s treasury team has a need to deliver a deeper level of analysis, while continuing to improve processes and controls. Kyriba enables teams to streamline and automate a broad range of complex and often-time consuming procedures, giving the treasury team both the time and the insight to make smarter decisions. This, in turn, allows the treasury to become a highly-valued, strategic partner to the management team.”