Neopost Uses Kyriba’s Integrated Offering with BRED to Better Interface with SwiftNet
Paris, March 8th, 2010 – Kyriba Corporation, a leading provider of on-demand cash and treasury management solutions, and BRED Banque Populaire has the pleasure to announce Neopost as its 5th customer to use Kyriba’s integrated offering with BRED and the SwiftNet protocol.
Neopost was looking to further centralize processes and optimize the competencies of its holding company as well as seven of its French subsidiaries. Neopost found that Kyriba could also act as a replacement for other solutions, further diminishing Neopost’s list of outstanding issues.
“We were seduced by the Kyriba offering, especially considering that it was the only real SaaS provider. This SaaS model offers us the ability to adopt a flexible solution to fit the specific, local needs of our subsidiaries while keeping within a common architecture,” explains Christophe Liaudon, Treasury Group, Neopost.
Neopost also wanted to launch their departure from Etebac and adapt to either SwiftNet or EBIC protocols.
“Neopost’s treasury workstation (TWS) search was launched in June, 2008. However, it was necessary for the team to pay attention to the market for nearly a year to see the state of affairs as the turbulence calmed. The finance team led the conversation with various banks to identify their various replacement solutions and their capacity to implement them,” stated Christophe Liaudon.
Neopost’s example demonstrates the advantage of SwiftNet relative to EBICS. Indeed, for a global group, the SwiftNet protocol naturally stood out as the replacement of Etebac 3 and the other more local protocols used outside of France.
“The quality of the partnership we have with BRED allows Kyriba to offer our customers a real advantage and a great opportunity to proactively enhance communications. Kyriba is the main facilitator in the equation; we are able to answer queries quickly and knowledgably when we discuss accounts with the BRED team and our common customers,” informed Patrick Godet, Kyriba SEMEA, Director of Account Management.
Neopost’s implementation process was quick. Starting in November, 2009, Kyriba and BRED offices worked on implementing the solution for the holding company, a subsidiary and six other French subsidiaries, finishing in March, 2010.
“After a few months of use, Neopost was able to measure our return on investment within the Holding company but also at the subsidiary level. The ROI was characterized by a huge time save, reducing Neopost’s time spent to 2 or 3 days a month. This time allows us to refocus on our profession, namely, financial analysis. We have seen the financial reassurance in our activities, including, the reduction of paper and the money saved in automating some of the functions,” concludes Christopher Liaudon.
Neopost intends to extend this solution to North America and throughout Europe as well. This parallel study will verify that the local constraints of each subsidiaries’ arm can be integrated with Kyriba.
NEOPOST IS THE EUROPEAN LEADER and number two world-wide supplier of mailing solutions. It has a direct presence in 18 countries, with 5.400 employees and annual sales of €913 million in 2009. Its products and services are sold in more than 90 countries, and the Group has become a key player in the markets for mailroom equipment and logistics solutions.
Neopost supplies the most technologically advanced solutions for franking, folding/ inserting and addressing as well as logistics management and traceability. Neopost also offers a full range of services, including consultancy, maintenance and financing solutions.
Neopost is listed in the A compartment of Euronext Paris and belongs to the CAC Next 20 Index.
BRED Banque Populaire (www.bred.fr) was incorporated in Ile de France, Normandy and is the largest regional bank of the Banque Populaire Group overseas.
BRED Banque Populaire combines all near a small bank and all the resources of a major. BRED’s offerings include large banker’s reference remitters (i.e. retail, social agencies, power distribution, telecom operators). BRED is recognized for its innovative capabilities within the banking world, resulting in services with high added value, particularly in the field of flow and electronic commerce.