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Success Story

Eastman Chemical: FX Optimization Award Winner

Eastman chemical ss

This award, sponsored by Kyriba partner and client Oanda, honors the company that has embraced Kyriba’s FX module, and made great strides in managing FX exposure and risk.

kyriba live 2023 awards with eastman chemicals

Challenges

  • Longtime FiREapps clients, seeking to to transform their Capital Markets and Risk Management processes in 2022-2023
  • Goal was to implement and achieve a best-in-class solution

”After a thorough RFP review, Eastman decided to expand with Kyriba because of the full end-to-end workflow to streamline their very manual front to back-office processes.”

Solution

  • Managing all FX, Interest Rate and Commodities trades in Kyriba
  • Downstream Hedge Accounting entries are automatically integrated to SAP, and trade settlement payments are processed directly to their banks

Results

  • Saved the Capital Markets team several hours each week
  • Simplified the external audit process
  • Delivered cross-functional automation and controls improvements across the broader treasury and accounting functions.

kyriba liquidity excellence awards logo

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!

  • Industry Chemical
  • Headquarters Kingsport, TN
  • About Eastman Chemical Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. Our 14,000 employees in more than 100 countries listen to the needs of society and our partners to develop groundbreaking technologies, leading business models and sustainable materials that help make the world a better place.

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