Curating a full-service treasury management system

Project overview and objectives

When a healthcare and academic research non-profit engaged our team, they left the benefits of Kyriba largely untapped:

• Kyriba was set up as a database—limited to bank and ERP connectivity
• Manual processes plagued their ability to efficiently categorize cash flows, build forecasts, execute and approve treasury payments, and monitor upcoming maturities
• An absence of key processes, like a formal bank fee analysis program and a method to track daily intercompany movements, made insight into spend difficult

What we did

With Kyriba already in use, it’s important to have a plan for increased functionality that doesn’t disrupt live processes. We moved swiftly and carefully to:

• Identify and develop architecture to consolidate all intercompany activity—including daily ZBAs, ad-hoc funding, and pay-on-behalf-of transfers—in the in-house banking module to automatically update balances​
• Plan and lead biweekly working sessions that promoted real-time design feedback, configuration review, and user engagement

Impact

At project close, the team saw immediate ROI:

• $60,000 reduction in annual bank fees ​
• A custom cash flow taxonomy that automatically categorized 99% of bank transactions​
• Time savings equivalent to 12 hours/week thanks to automatic cash visibility that eliminated the need for daily balance calculations and weekly forecasting efforts​
• 100% automatic tracking of 8 subsidiaries’ lending positions​
• Increased payment approval controls and improved forecast visibility​​

Curious how you can uncover similar KPIs? Learn how a Kyriba implementation can set your teams up for success, significantly reduce repetitive manual tasks, and keep your organization forward-looking.