Uber has been awarded the FX Optimization of the Year at KyribaLive 25, celebrating a groundbreaking transformation in foreign exchange (FX) risk management.
As Uber continues to evolve, reflecting their dedication to transforming their FX strategy as they continue to become a more mature company, the treasury team has redefined its FX strategy, moving from a reactive, manual process to a proactive, data-driven approach. This award recognizes not just technical innovation, but the power of cross-functional collaboration, uniting finance, engineering, and operations to achieve new heights in efficiency and risk mitigation.
“By integrating automated FX data into our decision-making process, we have significantly reduced the manual tracking and reporting. Also, we have been able to optimize our hedging strategy, tailoring them to market conditions with much greater accuracy.”
- Jaemin Kim, Sr. Treasury Manager, FX, Uber
A proactive, automated FX strategy
Uber’s treasury team has leveraged automation to streamline FX data integration, replacing time-consuming manual tracking and reporting. With Kyriba as a strategic partner, Uber has implemented real-time data feeds, automated workflows, and robust analytics—enabling more accurate, timely, and insightful decision-making.
Key achievements include:
Enhanced Financial Stability: Optimized hedging strategies have strengthened Uber’s financial foundation, providing flexibility to pursue strategic growth.
Seamless Process Integration: Automated data flows from Oracle ERP into Kyriba have eliminated manual errors and accelerated reporting, especially for Uber’s global, multi-entity structure.
Cross-Departmental Collaboration: Treasury, finance, operations, and engineering teams work together, ensuring continuous improvement and system optimization.
Uber’s journey highlights the critical role of cross-functional collaboration, demonstrating that true success in FX optimization depends on strong partnerships between treasury, finance, operations, and engineering teams.
Guided by expert support from Kyriba, Uber overcame complex data integration challenges and achieved seamless process alignment. The company’s commitment to continuous improvement—embracing a ‘crawl, walk, run’ mindset—ensures that their approach to FX risk management is always evolving and adapting to new opportunities. Most importantly, Uber’s experience reinforces that data-driven decision making, powered by automation and real-time insight, is essential for building a resilient and proactive treasury function.
“Looking ahead, we do have several key goals for continuing to enhance our FX management practice with Kyriba. We aim to further optimize the automation of our FX processes. We also plan to integrate more sophisticated analytics and also to gain deeper insights into FX risk exposures.”
- Jiazhou Liu, Sr. Treasury Analyst, FX, Uber
Uber is committed to further optimizing its FX management with Kyriba, focusing on deeper automation, enhanced analytics, and even greater predictive accuracy. The result: a resilient treasury function that supports Uber’s global ambitions.
Congratulations to Uber for setting a new standard in FX risk management!
