16 August 2017
Find out more

RPC Group selects Kryiba Enterprise SaaS treasury-management tech

24 July 2014  |  1850 views  |  0 Source: Kyriba

Kyriba, the leader in cloud-based treasury management software, has been chosen by FTSE 250-listed RPC Group plc, to deploy its Kyriba Enterprise SaaS (Software-as-a-Service) treasury management system.

RPC chose Kyriba after a competitive review, and will use the system to improve its cash visibility, reduce operational risk and streamline reporting across its network of 150+ bank accounts.

RPC develops a wide range of food, personal and health care as well as domestic industrial plastic packaging solutions. The company today has more than 50 operations in 19 countries, employing more than 11,000 people, with annual sales in excess of £1.1 billon. RPC's treasury department will use Kyriba for a broad range of functions, including cash and liquidity management, bank reporting, and financial transaction management, including debt, FX and investments. 

"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," said 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."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10886 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9958 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9324 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9011 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8181 views comments | 6 tweets | 21 linkedin

Featured job

Find your next job