Many retail companies are challenged by the confusion that comes with an influx of invoices from multiple overseas vendors, the global scale of manufacturing operations and sales, and seasonal cash flow that can complicate forecasting. To help solve these challenges, Kyriba provides:
Kyriba tracks which invoices have been paid, the amount and the timing of each payment to help avoid confusion.
Kyriba’s FX management solutions supports pre- through -post trade activities and helps mitigate impacts on earnings.
Kyriba gives companies the ability to easily consolidate forecasts and measure their accuracy.
The top benefits that Kyriba provides are the visibility it provides, the timeliness in which it provides that visibility and the ease of use.”TRISH FISHER DIRECTOR, TREASURY OPERATIONS, WEWORK Hear the success story
Hours saved per month using Kyriba
Hours saved per month on daily cash positioning
Average of payback months
After the global financial crisis in 2007, Auchan’s suppliers asked if invoices could be paid sooner so that they could secure bank financing on acceptable terms.
Learn how, after the global financial crisis in 2007, Auchan set up a successful reverse factoring program (also known as supply chain finance) with more than 15,000 supplier participants to pay invoices sooner, resulting in a 47 percent increase in financing requests.
The feedback from suppliers that joined the program has been unanimously positive. We have met their expectations in terms of visibility, simplicity, transparency, independence and attractiveness.
Transform how you use liquidity as a dynamic vehicle for growth and value creationFind out how