51 accounts, 8 countries, 2 people: how AgileTV implemented a TMS and transformed its corporate treasury

The challenge: managing a multinational group's treasury with tools that do not scale

AgileTV is a Spanish technology group specializing in solutions for digital television, online video, and streaming, with operations in 8 countries and a corporate structure made up of 13 entities. Its treasury team, consisting of two people, manages 51 bank accounts across 15 different institutions, a portfolio of more than 30 active financial operations, and the cash flows of the entire group.

Until late 2025, all treasury operations relied on two separate Excel files: one for the cash position and another for financial operations management. Neither was integrated with the other. Every morning, the team manually logged into each bank's portal, downloaded transactions and classified them by hand, a process that consumed hours every day and depended on a single person whose knowledge was neither documented nor transferable.

The structural problem was clear: the group had no consolidated, intraday visibility of the cash positions across all its entities. Without that information, managing the group's liquidity efficiently was impossible.

For Paulo Alonso, Global Corporate Treasurer at AgileTV, the diagnosis had been evident for some time:

“Excel does not scale. Every new entity, every new bank, every new country added another layer of complexity that the model could not absorb.”

The decision: selecting a TMS for international corporate treasury management

Following an evaluation process of approximately three months in which several market alternatives were assessed, AgileTV chose Kyriba as its treasury management platform (TMS). The selection criteria were:

• Native bank connectivity with no need for custom integrations, including international banking

• Integration between cash position and financial operations within a single platform

• Scalability to support the group's growth without having to change platforms in the medium term

A decisive factor was the strength of Kyriba's liquidity network, with more than 10,000 active bank connections globally, which eliminated the need to build integrations bank by bank.

For the implementation, AgileTV chose Kyba Cash SL as its local partner. Kyba is the specialist partner for Kyriba implementations in Spain, with 15 years of experience and more than 300 projects delivered in corporate treasury.

"We needed a partner who knew the tool, but also understood how treasury works in a Spanish company with international operations. Kyba met both conditions." — Paulo Alonso, Global Corporate Treasurer, AgileTV

The implementation: scope, phases and challenges

The project ran from late 2025 to early 2026, with a four-month timeline from kick-off to go-live in production. The scope was structured around three functional areas:

National and international bank connectivity: 51 bank accounts across 15 institutions in 8 countries, connected to Kyriba via SWIFT for international entities. All technical coordination with each bank was managed entirely by Kyba. The full connectivity process took approximately 20 weeks.

Cash Management and treasury forecasting: The group's consolidated cash position is updated automatically throughout the day. Treasury forecasting is built directly within the platform, integrating projected cash inflows, outflows and financial operation maturities.

Financial operations management: More than 30 active operations, including amortizing loans, soft loans, credit facilities and confirming, managed within Kyriba with maturities, amortization schedules and interest fully integrated with the cash position.

The most demanding challenge was international bank connectivity: coordinating formats, protocols and authorization processes with institutions across eight countries simultaneously. Kyba managed all technical coordination, allowing the AgileTV team to focus on validating that data was arriving correctly.

The results: consolidated visibility and strategic treasury

Impact on day-to-day operations

Before the implementation, the group's cash position was always at least one day behind. Someone had to build it every morning before anyone could make decisions based on real data. Today, the consolidated position across 51 accounts, 13 entities and 8 countries is available on a single screen, updated automatically as bank statements arrive throughout the day.

The manual tasks that consumed hours every morning, logging into bank portals, downloading statements and manually classifying transactions, disappeared on the first day in production.

Organizational impact

One of the most silent risks in AgileTV's treasury was the concentration of knowledge in a single person. With Kyriba, that risk disappeared: data arrives pre-processed automatically, any team member can access the same information with the same level of detail, and every transaction has full traceability.

The result is a fundamental shift in the role of treasury within the group: from a center of manual operations to a source of financial information for senior management.

A relationship that does not end at go-live

After the implementation, AgileTV works with Kyba under a continuous support model covering maintenance, training and functional support. When the group adds a new entity, a new bank or a new feature, Kyba is the first point of contact.

About Kyba Cash SL

Kyba Cash SL is a reference partner for Kyriba implementations in Spain. With over a decade of experience, Kyba supports business groups through the implementation, configuration and ongoing evolution of their treasury management platform, combining deep technical expertise with a thorough understanding of financial operations.