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.