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Success Stories
Videos
Kyriba Customer Testimonials: Climbing the Summit with Our Clients
Hear first-hand from Kyriba clients how treasury transformation was realized through Kyriba’s innovation, technology and support. Treasury leaders at Specialized Bicycle Components, HealthCare Services Corporation, Cenveo Worldwide, Koch Industries, and LifeSpace Communities share their key challenges prior to implementing Kyriba, and highlight positive business results achieved with Kyriba.
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VideosBarilla Shares the Recipe for Treasury SuccessGiangaddo Prati, CFO and CIO of Barilla, discuses the evolving role of the CFO and Treasury in today's market with Andrea Delvo, Managing Director of Kyriba Italy. Prati shares his views on the unique...Watch the video -
VideosKelkoo Group Case Study – Hilary HeahKelkoo Group, a leading e-commerce company, gained full control of their cash management and forecasting by utilising Kyriba's Active Liquidity Network. Here are some of the challenges Hilary Heah, Treasury Manager, was facing: Having...Watch the video -
Success StoriesCooke Aquaculture Unlocks Liquidity with In-House Banking and Payment Factory SuccessesIn 2020, Cooke Aquaculture introduced Cooke Bank as a concept for centralizing its global liquidity and FX exposure. Between October 2020 and April 2021, a multi-layered, fully tax and transfer pricing compliant In-house Bank...Read the success story -
Success StoriesHow Treasury’s Data Transformation at HCSC Reduced Working Capital from $4B to $25MAt KyribaLive 2022, David Deranek presented the following business case review that resulted in HCSC’s Technology Transformation and being awarded the 2021 AFP Pinnacle Award Grand Prize. “By elevating all these data proficiencies, treasury...Read the success story -
Success StoriesRobust Reporting Propels Delaware Life’s Productivity“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith, Assistant Director of Finance, Delaware...Read the success story -
Success StoriesHunt Companies’ Early Adopter Strategy for Real-Time Payments Sees Immediate Cost and Efficiency GainsHunt Companies is at the forefront of the Real-Time Payments (RTP) movement. Adopting the technology to lower bank wire fees and reducing the time spent correcting rejected payments has already provided significant gains in...Read the success story -
Success StoriesIngram Micro Sees Day One Success From Implementation of the Year“During our implementation, we took the Big Bang approach of replacing our previous TMS, Payment Factory and many home-grown tools all at once. On Day 1 of “Go Live” we were successful in connecting...Read the success story -
VideosKyriba Customer Testimonials: Climbing the Summit with Our ClientsHear first-hand from Kyriba clients how treasury transformation was realized through Kyriba’s innovation, technology and support. Treasury leaders at Specialized Bicycle Components, HealthCare Services Corporation, Cenveo Worldwide, Koch Industries, and LifeSpace Communities share their...Watch the video -
Success StoriesDana-Farber Cancer Institute Achieves 83% Productivity Improvements and $925K in Annual Value RealizedDana Farber Cancer Institute implemented Kyriba after years of operating cash management and accounting in an ad hoc manner: Doing what was necessary but relying on significant manual processes and disparate systems. Behind their...Read the success story -
Success StoriesWalker & Dunlop Reaches Peak Performance with Kyriba Visibility and Payments Factory“I am awed by how much my company is benefiting from Kyriba and how much we have accomplished since going live. Kyriba’s ability to automatically load our BAI files directly from the banks has...Read the success story -
Success StoriesBaxter: Utilizing Dashboards to Elevate VisibilityFor nearly a century, Baxter has been at the critical intersection of saving and sustaining lives, driven by innovation to transform global healthcare. With global operations in over 35 countries, Baxter put Kyriba to...Read the success story -
Success StoriesBASF’s Creation of a Universal FX Program with Kyriba RiskBASF creates chemisty for a sustainable future. They combine economic success with environmental protection and social responsibility. “With Kyriba, we implemented a tool that helped us achieve visibility into our global currency risk and...Read the success story -
Success StoriesBest in Class Treasury Solution in the PRC Aihuishou International Company LtdTechnology platform is key to support rapid growth in the PRC The Challenge Statements of more than 130 bank accounts required manual download from excel. The cash account types had to be manually marked...Read the success story -
Success StoriesBray International Realizes 100% Cash Visibility and 97% Productivity Gains“Kyriba provided a great tool that allowed us to delever nearly 30% just by knowing where our cash was, where it was needed, and getting it there in the most efficient manner, eliminating needless...Read the success story -
Success StoriesLifespace Communities Sees Immediate and Significant Savings with Kyriba“Where we have already seen a significant time-savings has been the payments module. In just a few months, having all the feeds into the system from various banks and ERPs, and automatically creating reports...Read the success story -
Success StoriesKoch Industries: Using Technology to Drive Treasury Transformation for Global Cash VisibilityHow one of America’s largest privately held companies put Kyriba technology to work to centralize Treasury functions and achieve strategic level maturity. In 2018, Koch Industries worked with Kyriba’s Value Engineering team to perform...Read the success story -
Success StoriesCenveo Achieves 93% Forecast Accuracy and 90% Productivity ImprovementsEnterprise Liquidity Management results in $490K value in less than 3 months Cenveo needed a way to improve visibility into overall liquidity and provide management on-demand insights into the performance of their strategic liquidity...Read the success story -
Success Stories#techforfood #techfortreasury #[email protected]Swile set its sights on becoming a global player in employee engagement using a fully virtual solution. To achieve this goal, Swile offers a single smartcard to access all employee benefits (meal vouchers, gift...Read the success story -
Success StoriesStreamlining Treasury in Complex MarketsWhat were Mantrac’s objectives? Mantrac Group’s treasury structure was highly complex and dependent on manual processes. Visibility over cash was limited, particularly as the group was using almost 100 banks, with over 700 bank...Read the success story -
WebinarsCrypto for Corporates: Does it make sense for you?The first major corporate purchase of the Bitcoin in October 2020 began a string of subsequent Bitcoin purchases in 2021, including recent purchases by Square and Tesla. Crypto (digital) currencies have shown to be...Watch the recording -
Success StoriesHow Şişecam Took Control of its Cash and PaymentsVisibility Challenges Şişecam’s international growth over the past few decades meant the company had a fragmented approach to cash management. While treasury handled strategic decisions such as borrowing, individual subsidiaries within the group handled...Read the success story -
Videos2020 Kyriba Excellence Award Winner for Innovation: Emblem HealthEmblem Health won the 2020 Kyriba Excellence Award for Innovation. Hear directly from the team as they describe the catalyst behind their move to innovate and how they handle cash accounting and protect against...Watch the video -
Videos2020 Kyriba Excellence Award Winner for Digital Transformation: Bridge Investment GroupBridge Investment Group won the 2020 Kyriba Excellence Award for Digital Transformation. Hear from the company's executive chairman, CEO, managing director-treasurer and other members of the team as they take you through the challenges...Watch the video -
Success StoriesAmway’s Journey to Transforming and Centralizing Global PaymentsThe continued growth and global nature of Amway’s business presented many positives, but it also created challenges for the treasury function. Amway’s operations spanned more than 80 markets, but more than 200 local banks...Read the success story -
Success StoriesReducing FX Risk by Over 50 Percent in One Year Across 47 CurrenciesIn transitioning from legacy and largely manual processes for hedging foreign exchange (FX) risk management, the treasury department of Trane Technologies sought greater visibility and quantification of its exposures. This involved partnering with a...Read the success story -
Success StoriesJourney to the Top: Digital Transformation at Royal FrieslandCampinaFive years ago, its corporate treasury team initiated a journey from corporate policy maker towards a strategic and pro-active corporate treasury department. With a centralized operations team as part of a new organisational set-up....Read the success story -
Success StoriesFrieslandCampina’s Route to a Higher Treasury LevelFrieslandCampina has branch offices in 34 countries and employs around 23,000 people. It is not a listed company, but a cooperative, in which the member dairy farmers in the Netherlands, Germany and Belgium fully...Read the success story -
Success StoriesWanhua Reduces Its Manual Payments by 98% in Less Than Six MonthsA Fragmented View In 2010, Wanhua began the process of upgrading its finance technology. At the time, it relied on numerous e-banking solutions, which was not only inefficient but resulted in the business having...Read the success story -
Success StoriesHow Scientist.com is Saving Lives with Early Payment OptionsThe Need for Accessible Supply Chain Finance Funding has historically been an issue for small and medium-sized suppliers of research services in the preclinical outsourcing sector. These companies are often forced to accept 120-day...Read the success story -
Success StoriesHow Kimberly-Clark Gained an Accurate Picture of Its ExposureThe Kimberly-Clark Challenge Kimberly-Clark’s former approach to managing currency exposure was highly manual and lacked standardization. Despite using a daily FX rate many entities had different processes and logic for defining FX exposure and...Read the success story -
VideosGrameen Success StoryAs a micro-finance institution, Grameen needed a solution that brought reconciliation and forecasting all into one place. In working with Kyriba, Grameen's treasury team automated their processes and has been able to leverage valid...Watch the video -
VideosScientist.com Case StudyAs a fast-growing company, Scientist.com was on the lookout for treasury technologies they felt could scale with the size of their business. After selecting Kyriba, Scientist.com was able to realize that goal and work...Watch the video -
VideosKyriba in AsiaCrown World Mobility in Hong Kong, DTOne in Singapore and Tan Chong Motor Holdings in Kuala Lumpur have partnered with Kyriba for treasury transformation.Watch the video -
VideosWeWork Case Study – Trish FisherWhat is the value of Kyriba to your organization? Trish Fisher, director treasury operations, WeWork, shares the top benefits of Kyriba, and how Kyriba powers digital transformation with real-time visibility at WeWork to bring...Watch the video -
VideosThe Kyriba Customer ExperienceTreasury and finance professionals from top companies share their customer service experience with Kyriba and detail the growth and innovations they have seen in response to customer feedback.Watch the video -
VideosHow Customers Benefit from KyribaKyriba customers share the benefits they’ve experienced using Kyriba, including the ease-of-use, real-time visibility into cash, automation of formerly manual tasks, and enhanced security.Watch the video -
VideosEmblemHealth Case Study – Charlton CorreaAmong the key reasons why EmblemHealth chose Kyriba was the cloudbase. That was just huge for us. And the fact that there's no IT intervention that was another huge plus during all the different...Watch the video -
VideosRyerson Case Study – Lina RauhTreasury was very manual. We were losing a lot of time every day doing the same functions over and over and getting the same data out of the bank. By implementing Kyriba we've streamlined...Watch the video -
Success StoriesHow HCSC Created a High-Performance TreasuryBy investing in technology, Health Care Service Corporation perfected its cash visibility and reduced working capital holdings by $3.95 billion. Escaping the drudgery of manual processes, the treasury team was equipped to deliver advanced...Read the success story -
Success StoriesHow Treasury Centralization is Helping Ola Energy Increase Efficiency by 80% and Reduce Costs by 20%With 34 affiliate companies working in 20 different currencies, Ola Energy’s 105 banking partners are responsible for more than 400,000 transactions per year. So it’s not surprising that Ola Energy Group Treasurer Abdessalem Lassoued...Read the success story -
Success StoriesDriving the Wheels of Change for Improved Control and Efficiency at Tan Chong Motor HoldingsFollowing the rigorous selection process, TCMH chose Kyriba for cash management, cash forecasting, risk management and bank connectivity using SWIFT Alliance Lite2 for Business Applications. The combined solution suite was deemed the best fit...Read the success story -
Success StoriesHarnessing the Power of Emerging TechnologyThe Government of Sharjah embraces HSBC’s digital transaction banking solutions and Kyriba’s cloud-based Treasury Management System. In recognition of implementing the solution, Sharjah Finance Department Head, Sean De Silva, was awarded a Best in...Read the success story -
Success StoriesZahid Tractor Optimizes Visibility & Investment of Cash Leading to a 50% Drop in Idle FundsBefore deploying Kyriba, the treasury teams at Zahid Tractor and its subsidiaries were using a variety of paper-based records and spreadsheets to control the vast portfolio of treasury transactions within the group. This became...Read the success story -
Success StoriesModernizing International Supplier Finance with Reverse Factoring ProgramsFrench retail group Auchan uses reverse factoring to pay suppliers sooner without negative impact to working capital. After the global financial crisis, Auchan Group’s suppliers began asking whether their invoices could be paid sooner,...Read the success story -
Success StoriesSixty Seconds with Graff Diamonds…Graff Diamonds has been expanding its network of overseas stores since the first one opened in Monaco in 2000. It now has 45 of its own stores across Europe, Asia, the United States and...Read the success story -
Success StoriesCrown World Mobility Moves Payment Mountains with Kyriba Citing a 20% Productivity IncreaseCrown required a secure, scalable and efficient solution that would enable them to offer an innovative and professional service to clients, reducing the nonproductive global mobility costs of delivering payments worldwide. Optimizing the Outsourced...Read the success story -
Success StoriesSixty Seconds with the ILGILG is a recognized leader in the watchmaking market and an established player in the branded eyewear, jewelry and leather goods markets. The Swiss-based manufacturer and distributor has been optimizing its cash management and...Read the success story -
Success StoriesLeveraging Technology to become a “Smart Treasury”In 2014, A. Schulman made the decision to embark on a global treasury transformation project to support the company’s evolving business needs in a rapidly changing market and regulatory environment. A. Schulman’s treasury team...Read the success story -
Success StoriesReducing Operational Risk Through Cloud-Based Treasury TechnologyLarge private research university rethinks its treasury approach to increase efficiency and protect against loss Note: the client in this case study could not be publicly named per university policy, but the assistant treasurer...Read the success story -
Success StoriesModernizing Treasury: Reducing Risk and Increasing Margins through AutomationConsumer goods company, Newell Brands, has leveraged technology to complete a major treasury modernization project. In 2016, Newell Rubbermaid purchased Jarden Corporation to form a new $16 billion consumer goods company, Newell Brands. While...Read the success story -
Success StoriesSpotify Makes Treasury MusicInnovation - Sound Treasury Management In alignment with the company’s truly innovative approach to technology, and in support of the challenges associated with managing the exponential growth of a world class digital music service,...Read the success story -
Success StoriesDIC Uses the Cloud for Speed and FlexibilityUsing the Cloud for Speed and Flexibility DIC (formerly Dainippon Ink and Chemicals) was established in 1908 as a manufacturer and seller of printing inks. It now offers a broad range of products based...Read the success story -
Success StoriesHow Kyriba Helped Prevent a Fraudulent $8M PaymentThe fraud attempt started with an email from the CEO. Fortunately, the treasury team at a leading real estate developer had worked diligently to establish effective payment processes that would reduce the risk of...Read the success story -
Success StoriesAlvean – Focusing on the future of treasury as a business partnerWhy Kyriba? Following the creation of the joint venture in March 2014, ALVEAN’s treasury team was tasked with implementing a cash management solution for the new company. From the outset, the decision was made...Read the success story -
Success StoriesHealth Care Service Corp., Bracing for Healthcare ReformBracing for Healthcare Reform Excerpted with permission from the Treasury & Risk article Making Strides with the Help of Technology by Susan Kelly, April 2016 Bracing for Healthcare Reform, HCSC leveraged a new treasury...Read the success story -
Success StoriesWebcor Group: Food For ThoughtFollowing a period of vast economic transition in its primary market, Angola, Dubai-based food distributor Webcor Group needed better visibility over its cash flow and liquidity. CFO Frederic Marret opted for a fresh treasury...Read the success story -
Success StoriesCentralizing the Chalhoub Group’s Treasury OperationBased on an interview with James Adams, Group Treasurer, and Shiban Patel, Treasury Analyst, Chalhoub Group The benefits of centralized Treasury operations – and of in-house banks – are today of increasing interest to...Read the success story -
Success StoriesStreamlining Treasury and Banking ProcessesChallenges EmblemHealth was seeking a treasury management solution to eliminate manual processes and to streamline wire payments – all with a fairly lean treasury team. After the Storm After reviewing several solution providers, one...Read the success story -
Success StoriesAchieving global cash visibility and improving operational control to minimize fraud.By anticipating increased consumer demand for indoor comfort as well as changing energy regulations, Aldes has based its strategy and growth on its capacity to offer global, innovative, high-performance solutions. The Kyriba Solution Lacking...Read the success story -
Success StoriesImplementing a BAM solution for the BBCThe Previous Situation Prior to the BAM project, the BBC had two separate BAM databases, one for the BBC public service and one for commercial activities, reflecting the two separate treasury teams in place...Read the success story -
Success StoriesDassault Systèmes Success StoryBased on an interview with John Colleemallay, Senior Director, Group Treasury & Financing at Dassault Systèmes. A global enterprise takes advantage of Kyriba’s true SaaS technology to realise significant treasury management and performance benefits....Read the success story -
Success StoriesTaking Arianespace’s fraud management processes to new heightsThe Kyriba Solution By virtue of its size, Arianespace is considered a small to medium-sized enterprise, but in its operations, the company is similar to a major industrial group, with revenues of more than €1...Read the success story -
Success StoriesMohawk Achieves Cash Visibility"With Kyriba, we can maintain the system ourselves. With our previous system, changes to mapping rules and general ledger account numbers had to be programmed by an internal IT resource which took time, causing...Read the success story -
Success StoriesHow Kyriba’s SaaS Solution helped Europcar to centralize its cash-management activitiesWhy Kyriba? In 2010, Europcar began its search for a supplier with whom it could work to centralise its cash management activities and for a secure cash-flow solution. “Before Kyriba, there was no immediacy;...Read the success story -
Success StoriesHow Kyriba enables Atkore to spend more time analyzing dataChallenges Atkore’s treasury team oversees 16 global brands, a mix of standalone and non-standalone brands, all of which roll up to the corporate treasury team. Atkore was entirely reliant on spreadsheets to run its treasury...Read the success story -
Success StoriesHow Kyriba Helps the Healthcare IndustryKey treasury issues in the healthcare industry Kyriba works with a large number of organizations across the healthcare industry, from hospital systems to managed health services providers. Whether these organizations are regional or nationwide in their focus, they...Read the success story -
Success StoriesKyriba Helps PulteGroup Gain Increased Treasury FunctionalityPulte is the country’s largest home builder, with revenues of approximately $4 billion. While entirely domestic, it faces a very common obstacle of larger organizations: it has close to 100 bank accounts some of...Read the success story -
Success StoriesKyriba Helps DFC Global Improve Efficiency and Become More StrategicHow the corporate treasury team at DFC Global simultaneously improved efficiency and became a more strategic partner to other areas of the business. In many corporate finance departments, siloed data, systems, and processes hamper...Read the success story -
Success StoriesHow Kyriba Helps the Oil and Gas Industry"On top of the major time and productivity benefits, Kyriba gave us huge peace of mind. Knowing that our forecast was accurate enabled us to be much more strategic in the way we used...Read the success story -
Success StoriesKyriba Helps Elis Ensure Compliance and Optimized Global Cash Visibility"I used my iPhone to make payments with Kyriba! This summer, I approved a payment while I was on the beach" Vincent Arnould, Director of Treasury and Internal Control Elis Why Kyriba In 2010,...Read the success story -
Success StoriesKyriba Helps Murphy USA Manage Cash More EffectivelyChallenges As Murphy USA prepared for its spinoff from Murphy Oil two months ago, cash management was a key concern. The new company wouldn’t be able to borrow as easily as Murphy Oil can,...Read the success story -
Success StoriesHow Kyriba Helped Cunningham Lindsey Increase Cash Visibility Tenfold"The investment in Kyriba’s SaaS platform had already generated a positive NPV by the end of the six-month implementation and an IRR exceeding 800 percent after the first year alone." A Company Financial Officer...Read the success story -
Success StoriesKyriba Helps Vivarte Improve Cash ManagementObjectives Faced with an antiquated cash management system incapable of supporting its growth, Vivarte required a web-based treasury management system that would allow it to deploy cash and treasury functionality to treasury and finance...Read the success story -
Success StoriesKyriba Helps Qualcomm Increase Global Cash Visibility"The Kyriba personnel that we have been in contact with have been experts in their field. Not only do they know the product very well, but I have found that their Treasury expertise has...Read the success story -
Success StoriesHow Kyriba Helped Partners HealthCare"Not only do we see positive, measurable benefits from the Kyriba solution, but we think it also highlights our objective for our treasury group to be pro-active, best-in-class – always stretching to deliver high...Read the success story -
Success StoriesHow Kyriba Helped Horizon BCBSNJ"Kyriba has improved the efficiency of our cash operations and provided the tool to help us forecast cash more accurately and effectively. We have been very happy with Kyriba’s implementation and support teams and...Read the success story