Kyriba, a global leader in cloud treasury, payments and finance solutions, today announced that Barilla, a leading global food company, has selected the Company’s Enterprise Liquidity Management platform to support its treasury, risk management and supply chain finance operations.
The integration will centralize Barilla’s multiple supply chain finance programs into a single Dynamic Discounting solution that better supports its suppliers, shortens the cash conversion cycle and improves liquidity for the company. Barilla also selected Kyriba to increase cash visibility, improve cash forecasting, and digitize FX, interest rate, and commodities risk management.
“We set out to bring more value to the Barilla enterprise and required a provider that would deliver an easy-to-use solution with proven expertise in supply chain finance, and a robust multi-bank connection capable of onboarding suppliers anywhere in the world. Kyriba’s platform completely meets our treasury’s requirements in automation, control, and connectivity with ERPs and banks. We appreciate Kyriba’s interface, functionality and its high standards of security and data management. 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 to our family of Enterprise Liquidity Management Platform users and to support their finance transformation project. This integration demonstrates Kyriba’s ability to meet the requirements of an international player in terms of optimizing 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.