Tinexta Streamlines 20,000+ Monthly Transactions with Kyriba

Tinexta is a leading international group specializing in digital transformation and business growth solutions for companies, individuals, and institutions. Headquartered in Italy, Tinexta operates in 12 countries, primarily across Europe, but also extending to South America, the Middle East, and Africa, employing around 2,500 people globally.

The group’s focus lies in three core areas: digital trust, cybersecurity, and business innovation. Over the past decade, Tinexta has demonstrated impressive growth, averaging a 20% annual increase in revenue, with EBITDA growing even faster. Their long-term strategy is centered on providing top-tier platforms and advanced solutions to all their entities.

Choosing the Best Treasury Solution

As Tinexta rapidly expanded its global footprint, the complexities of managing financial operations across diverse regions became increasingly apparent. The surge in banking transactions, exceeding 20,000 monthly, highlighted the need for a sophisticated treasury management system (TMS). 

The challenge was not only to handle the sheer volume of transactions but also to achieve greater efficiency, transparency, and real-time financial insights essential for strategic decision-making. Recognizing these critical needs, Tinexta began their search for an integrated, cloud-based treasury solution that could keep pace with their dynamic growth and complex financial needs.

Driving Financial Agility with Kyriba’s Cloud-Based Treasury Solution

Kyriba’s scalable, cloud-based treasury solution met Tinexta's needs by offering seamless integration with banks via SWIFT and easy connectivity with Tinexta’s ERP system, SAP S/4HANA. This integration enhances bank accounting automation, reconciliation processes, cash forecasting, and liquidity planning. Tinexta’s treasury team now quickly responds to the CFO’s cash flow inquiries and ensures effective liquidity planning across the organization.

With treasury operations spread across various European offices, Kyriba’s unified system has standardized processes, making Tinexta’s treasury operations faster, more transparent, and efficient. Weekly and monthly treasury projections allow the team to optimize cash management across banks and accounts, ensuring clear communication and strategic financial planning with the CFO.

Tinexta's Strategic Partnership with Kyriba

Tinexta’s experience with Kyriba underscores the value of an agile, cloud-based treasury solution that supports the dynamic needs of a growing international company. Reflecting on their transformative experience, Dania Gregorat, Tinexta’s Group Treasury and Investment Manager, emphasizes, "If someone asked me about the best treasury solution, I would definitely say Kyriba because of its usability, scalability, and flexibility. It's also backed by a great implementation team who support us with market insights and an overview of the best practices in the world of treasury.“ 

This endorsement is echoed by Tinexta’s CFO, Oddone Pozzi, whose strategic vision aligns perfectly with Kyriba’s Liquidity Performance Platform. He states, “My obsessive focus on operating cash flow and working capital improvement matches exactly with the Kyriba approach and the Kyriba solution. We started the journey together, and I look forward to a continued partnership between Tinexta and Kyriba long into the future.”

Tinexta's adoption of Kyriba has been a pivotal step in their journey toward enhanced financial management and operational efficiency. By integrating Kyriba into their treasury operations, Tinexta has achieved greater transparency, scalability, and flexibility, all of which are crucial for a rapidly growing international group. The successful partnership between Tinexta and Kyriba underscores the importance of choosing the right financial tools to support long-term business growth. As Tinexta continues to expand and innovate, Kyriba remains a key partner in driving their treasury efficiency and financial agility.