By 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 decision support to internal clients and provide financial consultation on strategic projects.
Treasury Management Resources
CFOs and senior finance leaders are under mounting pressure to generate additional free cash flow and improve EBITDA for their organizations. To help their corporate clients, and differentiate from the competition, a growing number of financial institutions are turning to financial technology providers such as Kyriba to create white label programs for supply chain finance.
With 34 affiliate companies working in 20 different currencies, Oilibya’s 105 banking partners are responsible for more than 400,000 transactions per year. So it’s not surprising that Oilibya Group Treasurer Abdessalem Lassoued was facing some challenges before deploying a cloud treasury solution. Lassoued sat down with Kyriba to explain more.
What were the main issues you faced when you joined Oilibya in 2015?
Following 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 for digitizing its treasury function and adding strategic value to the organization.
In this special report from Treasury & Risk, underwritten by Kyriba, security experts give their take on how to stay vigilant in the face of potential attacks, so that a fraudulent payment never occurs.
With lease accounting standards fast approaching, treasury and accounting teams are faced with significant manual effort to identify, track, account for, and audit leases to meet international and/or local accounting standards such as IFRS16 and ASC842.
The 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 Class Treasury Solution in the Middle East award, at the 2018 Adam Smith awards ceremony.
How can today’s CFOs accelerate growth in the face of an increasingly volatile global business environment? According to The Hackett Group, the answer lies in treasury management technology.
Kyriba enables financial services organizations to achieve global cash visibility, reduce payments fraud and improve audit and controls in finance and treasury.
Before 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 untenable and it was decided back in 2013 to review the process with the aim of implementing a treasury management system (TMS).