8 countries, 13 legal entities, 4 months: how AgileTV implemented a TMS for its corporate treasury

The challenge: managing a multinational group's treasury with tools that do not scale

AgileTV is a Spanish technology group specializing in digital television, online video and streaming solutions, with operations in eight countries and a corporate structure comprising 13 legal entities. Its treasury team manages the group’s financial operations, including multiple bank accounts across different institutions and geographies, a diversified portfolio of financial transactions, and the cash flows of all its entities.

During its initial phase of expansion, this activity was managed using agile and flexible tools that served the business well. As the group continued to grow, adding new entities, banks and countries, AgileTV recognized the need to take the next step: implementing a platform that could provide consolidated, intraday visibility into the group’s cash position and enable liquidity to be managed as efficiently as required by a company of its size.

For Paulo Alonso, Global Corporate Treasurer at AgileTV, the diagnosis had been evident for some time:

The decision: selecting a TMS for international corporate treasury management

After an evaluation process lasting approximately three months, during which several market alternatives were assessed, AgileTV selected Kyriba as its treasury management system (TMS). The selection criteria included:

• Native bank connectivity without the need for custom development, including international banking

• The ability to manage cash positions and financial transactions on a single platform

• Scalability to support the group’s growth and avoid having to change systems in the medium term

A decisive factor was Kyriba’s liquidity network, with more than 10,000 active bank connections worldwide. This eliminated the need to build bank-by-bank integrations.

For the implementation, AgileTV chose Kyba Cash SL as its local partner. Kyba is the specialist partner for Kyriba implementations in Spain, with 15 years of experience and more than 300 projects delivered in corporate treasury.

The implementation: scope, phases and challenges

The project was delivered between late 2025 and early 2026, taking four months from kickoff to production go-live. The scope was structured around three functional workstreams:

Bank connectivity: connecting the group’s accounts across eight countries to Kyriba, using SWIFT for its international entities. Kyriba coordinated the technical implementation with each bank.

Cash management and cash forecasting: consolidating the group’s cash position and updating it automatically throughout the day. Cash forecasts are built directly in the platform, integrating expected collections, payments and financial transaction maturities.

Financial transaction management: the group’s portfolio of financial transactions, including amortizing loans, soft loans, credit facilities and confirming arrangements, is managed in Kyriba. Maturities, repayment schedules and interest payments are integrated with the group’s cash position.

The main challenge was establishing international bank connectivity by coordinating formats, protocols and authorization processes with banks in eight countries simultaneously. Kyriba took full responsibility for the technical coordination, allowing AgileTV’s team to focus on validating that data was received accurately.

The results: consolidated visibility and strategic treasury

Impact on day-to-day operations

Today, the consolidated position of all accounts across 13 entities and eight countries is available on a single screen, updated automatically as bank statements arrive throughout the day. Finance leadership has reliable, intraday information to support decision-making.

Automating the download and classification of transactions delivered immediate benefits. From the first day in production, the team was able to redirect that time toward higher-value activities.

Organizational impact

With Kyriba, operational knowledge no longer depends on specific individuals. Data is automatically processed, the entire team has access to the same information, and every transaction is fully traceable. The result is a stronger, more resilient treasury function, prepared to support the group’s continued growth.

It has also changed the treasury team’s role within the organization, moving from operational execution to becoming a source of financial insight for senior leadership.

A relationship that does not end at go-live

After the implementation, AgileTV works with Kyba under a continuous support model covering maintenance, training and functional support. When the group adds a new entity, a new bank or a new feature, Kyba is the first point of contact.

About Kyba Cash SL

Kyba Cash SL is a reference partner for Kyriba implementations in Spain. With over a decade of experience, Kyba supports business groups through the implementation, configuration and ongoing evolution of their treasury management platform, combining deep technical expertise with a thorough understanding of financial operations.