Kyriba, the cloud-based treasury management solutions (TMS) specialist, has been appointed by Eurostar International to deliver an integrated suite of treasury, risk management and payments solutions.
The train operator will use the Kyriba Enterprise software-as-a-service (SaaS) platform across its European operations, enabling the company to centralise, automate and increase control over treasury processes, as well as to improve connectivity with its banking partners.
Kyriba was selected following a comprehensive vendor review, and will replace Eurostar’s existing treasury module in its enterprise resource planning (ERP) system. The cloud-based system will be used by Eurostar’s treasury team to provide connectivity to its network of banks, thus enabling the company to make its overall banking procedures more efficient.
Additionally, Eurostar will use Kyriba’s payments module, with its single euro payments area (SEPA)-compliant formats and mandates, to streamline its third-party payments processes.
“As an international company, Eurostar needs a solution which works seamlessly across multiple borders and currencies,” said Chris Egan, Head of Treasury at Eurostar International. “Kyriba enables our treasury team to increase its productivity and maintain a much stronger control over our cash holdings and foreign exchange (FX) exposure.
“By automating a number of tasks that we previously had to complete manually, as well as integrating into the corporate ERP solution, the team is able to work more efficiently.”
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