The global-leading plastic packaging company RPC Group is the latest high-end firm to choose Kyriba’s cloud-based solution as its Treasury Management System (TMS).
The FTSE 250-listed company, which operates in 19 countries, selected Kyriba’s Enterprise SaaS (Software-as-a-Service) offering following an extensive competitive review. It plans to use the TMS to boost cash and liquidity management, reduce operational risk and streamline reporting across a network of over 150 bank accounts.
“RPC has operations around the globe, dealing with a large number of currencies and banking partners. So, it’s essential that we have a comprehensive, integrated solution with strong bank connectivity,” said Carl van Gele, RPC’s European Finance Controller. “As we are a small treasury team, we need a system which could reliably and accurately automate most of the manual, operational tasks, enabling the team to focus on more strategic initiatives. Our cash pooling is well established across the Group and the Kyriba system will enable our treasury centre to operate as an in-house bank. We assessed a number of treasury management system vendors and Kyriba’s was the only one to fulfill all criteria.”
“RPC is typical of many companies we encounter today, in that it is growing rapidly, but maintains a lean treasury team,” added Andrew Burns, head of Kyriba UK. “This means that spending a huge portion of the day on manual tasks simply isn’t an option. By streamlining and automating key operational processes, such as bank reporting and cash management, Kyriba can help RPC’s team focus on more strategic tasks and deliver proactive treasury management for the company.”
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