Barilla chooses Kyriba for treasury, risk management, supply chain finance operation support

KUALA LUMPUR, Feb 16 -- San Diego-headquartered Kyriba (the Company), a global leader in cloud treasury, payments and finance solutions, has 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 centralise Barilla’s multiple supply chain finance programmes into a single Dynamic Discounting solution that better supports its suppliers, shortens the cash conversion cycle and improves liquidity for the company.

According to a statement, Barilla also selected Kyriba to increase cash visibility, improve cash forecasting, and digitise FX, interest rate, and commodities risk management.

“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 optimising enterprise liquidity and protecting against operational and financial risk,” said Andrea Delvò, Managing Director, Italy, at Kyriba.

Meanwhile, Giangaddo Prati, Group Chief Financial and Information Technology Officer at The Barilla Group said: “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.”

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

Kyriba has offices in Milan, Dubai, Frankfurt, London, Minsk, Paris, Shanghai, Singapore, Tokyo and Warsaw, among others.

-- BERNAMA