Charter Communications: Winner of Achievements in Productivity Award

Awarded to the company that has posted significant gains in productivity by creating fully automated cash and investment workflow, freeing up treasury’s time to focus on more strategic initiatives. Nominated by ICD.

Challenges

• Inherited the Kyriba platform in a merger, and had not used the capabilities available to them.
• Used their bank’s portal to trade money market funds.
• No automated process for payments
• Entering data into the TMS and the settlement process was all manual and impossible to have a singular view into the trades being made and the cash balances that were available to invest in money market funds.

Solution

• Charter leveraged Kyriba’s payments and financial transactions modules
• Kyriba’s ICD API integration and single sign-on created a seamlessly automated cash and investment workflow.

Results

New fully automated cash and investment workflow with Kyriba and ICD offers:

• Visibility into cash
• A broad range of products to invest in
• Significant time-savings
• Efficiency through resource reallocation
• Security with data accuracy and risk mitigation