SaaS treasury management system to provide a clearer picture of cash positions and forecasts
Kyriba, the leader in cloud-based treasury management solutions, has been chosen by leading imaging technology manufacturer, Konica Minolta, to roll out a global cash visibility solution. Konica Minolta will use the Kyriba Enterprise software-as-a-service (SaaS) platform to provide cash positioning and forecasting, as well as FX and GL posting.
Kyriba will enable Konica Minolta to gain real-time global visibility of its cash position, and improve its forecasting capabilities, enabling it to optimise the use of its cash holdings. The company will also use the Kyriba solution to increase the efficiency of its treasury operation by automating a number of previously manual tasks.
Konica Minolta provides a wide range of office and medical imaging solutions, optical devices and measuring solutions. The company has more than 40,000 employees across 45 countries, and has revenues of ¥813 billion (~US$8 billion).
“Konica Minolta is currently undergoing a major corporate initiative, and as part of this, we are enhancing our global treasury management capabilities,” said Hiroyuki Omori, director of Konica Minolta’s treasury department. “Kyriba helps us to realise this vision by giving us deep, real-time visibility into our global cash position. It also enables us to decrease the number of bank transactions, significantly reducing Konica Minolta’s banking costs. Kyriba is a high quality solution, which gives us major financial and operational benefits at a reasonable cost.”
“As Konica Minolta has a large, global treasury operation, we needed to work with the company to streamline and optimise processes as much as possible,” said Jun-Ichiro Kuwano, managing director at Kyriba Japan. “Kyriba enables the company to deliver accurate cash information in an efficient and timely manner. This enables the team to spend more time on strategic, proactive, treasury management initiatives and less time and resources on operational tasks.”