Success Stories

Redefining treasury productivity: The Cooke Aquaculture story

Redefining treasury productivity: The Cooke Aquaculture story

Cooke Aquaculture has been honored with our Productivity Breakthrough Award at KyribaLive 25, recognizing their outstanding achievement in transforming treasury operations and driving measurable gains in efficiency and strategic initiatives.

Faced with a complex, fragmented treasury environment—managing over 400 accounts across multiple banks, ERPs, and payment systems—Cooke embarked on a mission to digitize, automate, and centralize their core treasury functions. Their goal: to enable real-time global cash visibility, standardized payments, and smarter, data-driven liquidity decisions.

“The improvements within treasury have had ripple effects across the entire organization. With real-time cash visibility and enhanced forecasting, we've been able to support more informed decision making for procurement, capital planning, and operations. In essence, treasury has shifted from being a support function to becoming a strategic partner to the business.”

— Whitney Richardson, Treasury Project and Systems Lead, Cooke Aquaculture Inc.

A bold transformation

Cooke’s treasury transformation was anchored by the implementation of Kyriba’s end-to-end solution, including modules for liquidity management, payments, FX risk management, and advanced forecasting. By integrating Kyriba with internal systems—including five ERPs and their internal data lake—Cooke established seamless, real-time connectivity across the enterprise.

Prior to this transformation, Cooke relied on spreadsheets, siloed systems, and fragmented workflows for forecasting, payments, and cash visibility. By embracing treasury automation, Cooke has:

  • Centralized global cash visibility across all accounts and banking partners

  • Streamlined payments through a secure global hub, reducing processing time and fraud risk

  • Enhanced forecast accuracy and liquidity planning with automated, AI-powered analytics

  • Strengthened FX risk management and working capital optimization

Remarkable outcomes

Cooke’s commitment to innovation has delivered meaningful results—eliminating manual workloads, accelerating treasury operations, and empowering the team to shift from transactional tasks to strategic initiatives. Treasury now delivers timely, actionable insights to leadership, supports M&A and global expansion, and acts as a true partner to the business.

Cooke’s journey exemplifies how technology, collaboration, and agility can unlock new levels of productivity. By benchmarking processes, engaging stakeholders, and building strong partnerships, Cooke has created a treasury function that drives value across the entire organization

Congratulations to Cooke Aquaculture—a leader in treasury transformation and a model of productivity breakthrough!

  • About

    Cooke Aquaculture Inc. is a family owned and managed company that has operated a sustainable aquaculture business in Atlantic Canada for over 35 years.

  • Founded

    1985

  • Headquarters

    Saint John, New Brunswick, Canada

  • Industry

    Aquaculture

  • Employees

    10,000+

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