Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

Published 

Milan – Kyriba today announces that Barilla has selected the Kyriba enterprise liquidity management platform to support its treasury, risk management and supply chain finance.

Barilla chose Kyriba to centralise its multiple supply chain finance programs into a single Dynamic Discounting solution that better supports Barilla’s suppliers by shortening their cash conversion cycle and improve their liquidity. Barilla also selected Kyriba to increase cash visibility and forecasting and digitise its FX, interest rate and commodities risk management.

“We were looking to bring more value to the enterprise. We had to select a provider that would deliver an easy-to-use solution with a proven experience in the financing of supply chain, with a wide multi-bank connection to onboard suppliers everywhere in the world. Kyriba’s platform completely meets our Treasury’s requirements in automation, control and connectivity with ERP and banks. We appreciate its interfaces and functionalities and its high security standards on managing processes and data. Kyriba is the only provider to bundle treasury management and supply chain finance in a unique solution”, said Giangaddo Prati, Group Chief Financial and Information Technology Officer at The Barilla Group.

With this project, Barilla is adopting Kyriba’s innovative digital platform to manage liquidity across the enterprise and to support Barilla’s global supply chain.

“We are happy to welcome Barilla in our enterprise liquidity management platform to support their finance transformation project. This demonstrates Kyriba’s ability to meet the requirements of an international player in terms of optimising enterprise liquidity and protecting against operational and financial risk” said Andrea Delvò, Managing Director Italy at Kyriba.

Kyriba’s Enterprise Liquidity Management Platform delivers treasury, payments, connectivity, working capital, and risk management across the enterprise through a “liquidity-centric” approach.

Most recent episodes

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.

33:38

Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.

13:07

Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

06:34

Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...

15:27

Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...

12:28

Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.

13:26

Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.

30:31

Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 

18:27

Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments.

11:41