Costco and Phillips 66: Treasury Operations Client Success Award Winners
Chosen by Kyriba’s Client Success Team for best-in-class performance across treasury operations.
Costco Wholesale is a multi-billion dollar global retailer with warehouse club operations in eight countries. Costco is a membership warehouse club, dedicated to bringing members the best possible prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one.
Why They Won:
Costco Wholesale looks for ways to improve business operations, while also meeting customers’ needs. Costco’s treasury team continually expands its usage of the Kyriba platform; this includes a current focus on expansions within California and Mexico, and Costco has greater plans to improve and enhance their Kyriba and treasury operations on a global scale in the months and years to come.
With nearly 150 years of experience, Phillips 66 is a diversified energy manufacturing and logistics company with unique businesses in Refining, Midstream, Chemicals, and Marketing and Specialties. In the decade since Phillips 66 became a standalone company, it has written a number of new chapters in its history. The company has pursued ambitious infrastructure projects that helped cement the company’s leading positions in the crude and natural gas liquids value chains, and it has shared its success, returning $29 billion to shareholders. And it stayed steadfast and relentless in its vision of providing energy and improving lives.
Why They Won:
Determined to maximize and expand their usage of their Kyriba TMS, Phillips 66 sought to gain full control of global liquidity, including investment management, and streamline global business and treasury operations. In addition to adopting numerous Kyriba modules and bank integrations across the world, Phillips 66 regularly identifies new and innovative ways to gain full visibility of liquidity and capitalize on automation, including their payment workflow integration with SAP. Looking beyond Kyriba, Phillips 66 adopts value-add relationships with integrated partners, including 360T and ICD to achieve their liquidity optimization and FX risk mitigation goals.
Kyriba’s Liquidity Excellence Awards recognize clients, both at the corporate and individual level, for excellence in Treasury, Finance and Cash Management. Winners are nominated by their peers and partners, and are announced at KyribaLive, Kyriba’s annual user conference. Nominating partners also receive acknowledgement for their contribution to these clients’ successes.
Company awards recognize outstanding performance across six award categories: Treasury Transformation, Achievements in Productivity, FX Optimization, Payment Innovation, Working Capital, and Implementation the Year.
Recognition is also given to individual contributors for outstanding performance across four award categories: Peak Performer, Pivotal API, Data Demon, and Elevated Visibility.
Check out our complete list of 2023 Liquidity Excellence Award Winners. Congratulations to all!