Kyriba Cloud Solution for Treasury Management System in an international construction industry.

Challenge

A major international player in the construction industry placed in Italy and subsidiaries abroad, as part of a digitization process, expressed the need to adopt a single treasury management system for the entire Group in order to simplify processes and achieve the goal of Global Visibility

 

The client was also able to centralize the information needed for medium- to long-term financial planning by adopting Kyriba’s Liquidity Planning Module, which allows data on the application (cash & deal) to be integrated with data from external systems or entered manually.

 

Solution

The implemented solution can be summarised as follows:

  • Management of the bank master data of the entire group.
  • Acquisition of the daily account statement in MT940/MT942 format.
  • Cash Reconciliation for matching forecast items with actuals.
  • In House Banking for the management of Cash Pooling and Intercompany loans.
  • Deal Capture for the management of deposits and forex transactions.
  • Cash Position reporting based on the segregation of ACTUAL movements by company and nature of liquidity.
  • Cash Forecast reporting based on the integration of data recorded in the SAP accounting system and with the possibility of manual input.
  • Integration via Host to Host with the group’s main banks.
  • Installation and configuration of the SAP Connector for Cash Forecast of Kyriba for the export of open supplier/customer accounts from SAP to Kyriba with indication of the Budget Code useful to categorise the nature of the forecast movement.
  • Liquidity Planning for the management of liquidity plans fed from data on the platform but also from data integrated manually and/or via interfaces from external systems.

 

The project scope involved as many as 46 companies in 19 countries worldwide, with a total of 300 current accounts integrated on the platform.

Results

Quote

Given the complexity of the client, in terms of the countries and users involved, the number of banks and current accounts to be connected, the client's choice to adopt an all-in-one, new technology platform such as Kyriba I think was a powerful accelerator and success factor in achieving the project's objectives.
Stefania Marra
Client Account Executive

Le informazioni contenute in questo documento sono di proprietà.
Copyright © 2014 Qintesi S.p.A. Tutti i diritti riservati.

  • SERVICES OFFERED
  • IMPLEMENTED MODULES
    Bank Connectivity

    Deal Capture

    Liquidity Planning

    Advanced Cash Forecast

    Cash Management

    In House Banking

Ricevi la nostra newsletter

Compila il form qui di seguito con i tuoi dati per rimanere sempre aggiornato sulle novità e gli eventi di Qintesi.

Subscribe to our newsletter

Fill out the form below with your details to stay up to date on Qintesi news and events.

Come realizzare un profitto sostenibile

Approfondisci i trend e le linee guida per un’impresa sostenibile