Mapletree grows strong with 2,000+ connected accounts

The Group Treasury Team at Mapletree Investments Pte Ltd (“Mapletree” or “the Group”), a leading global real estate developer, investor, capital manager, and property manager headquartered in Singapore, embarked on a major finance transformation with Kyriba to centralize and streamline the Group’s treasury operations. From early discussions to streamlined connectivity, Mapletree’s Group Treasury Team’s journey exemplifies the challenges and opportunities of modern treasury management.

Centralizing treasury operations

Mapletree is a global real estate company headquartered in Singapore with over S$80.3 billion (as at 31 March 2025) in assets under management, with operations across 13 key markets, covering a wide range of asset classes such as logistics, student housing, data centers, and offices. Despite their global footprint, treasury operations remained centralized in Singapore. The Group Treasury Team faced several challenges: managing numerous bank accounts across different banks globally, maintaining streamlined connectivity between banking partners, and improving cash and liquidity management—all while needing scalability and future-proof solutions.

Mapletree required a centralized, scalable treasury platform that could support their expanding banking relationships, improve data and cash visibility, and provide an aggregated platform for payments to streamline operations and reduce laborious paperwork.

Nurturing streamlined bank connectivity

To overcome these challenges, Mapletree turned to Kyriba for a comprehensive treasury management solution that would centralize activities, enhance efficiency, and optimize liquidity performance. The team emphasized the need for streamlined bank connectivity, data management, and scenario-based forecasting—all of which were crucial for strategic decisions like mergers and acquisitions, funding new ventures, and managing cash flow across 2,000+ bank accounts.

During the selection process, the team rigorously evaluated several platforms, and Kyriba emerged as the ideal partner. Kyriba’s ability to scale with Mapletree's evolving requirements, provide robust banking integration, and maintain stability resonated with the Mapletree team.

The team also made it a priority to engage with Mapletree's relationship banks early on, reaching out to all their banking partners to understand their experience with Kyriba and gauge the level of support they could provide during the transition. The team emphasized the importance of having the banks' best technical teams involved in the project, ensuring a seamless implementation of bank connectivity—a critical component of the treasury transformation. This proactive approach underscored Mapletree’s focus on collaboration and effective resource allocation, which played a significant role in the successful execution of the project.

Cultivating relationships for a seamless implementation

To ensure a smooth implementation, Mapletree opted for a phased rather than a “big bang” approach. Given the large number of bank accounts and the complexity of global operations, this strategy allowed the Group Treasury Team to gradually shift accounts and minimize operational disruptions. The team highlighted the importance of celebrating small wins during the process—such as successfully bringing a few banks live in each phase—which motivated the team and demonstrated progress to internal stakeholders.

Throughout the implementation, maintaining strong relationships with banking partners was key. The Group Treasury Team’s insistence for top-notch support from their banks and Kyriba ensured that the project stayed on track and that any issues were resolved promptly.

Planting the seeds for future growth

Mapletree’s partnership with Kyriba has resulted in improved efficiency and reduced manual data entry. These improvements allowed the Group Treasury Team to focus more on strategic, value-added work rather than administrative tasks. Additionally, Mapletree enhanced operational efficiency and improved the team’s ability to make quicker, data-driven decisions.

As the project continues, the Group Treasury Team is already considering the next step in Mapletree's finance transformation. Specifically, they are looking at potentially incorporating Kyriba's Debt Management module, which would provide further transparency and control over loan activities and interest rate management.

Rooted in success

Mapletree’s journey to transform its treasury operations demonstrates the power of collaboration, persistence, and a phased approach to change management. Kyriba has become a trusted partner, helping Mapletree navigate the complexities of global treasury management while positioning them for future growth and prime liquidity performance.