RPC Group, a developer of food, personal and health care as well as domestic industrial plastic packaging solutions, announced this week that it selected Kyriba to help it improve its treasury management system.
According to an RPC press release, Kyriba is a leader in cloud-based treasury management software. The organization’s Kyriba Enterprise SaaS (Software-as-a-Service) treasury management system is expected to help RPC improve its cash visibility, reduce operational risk and streamline reporting across its network of over 150 bank accounts.
It’s essential that RPC has a comprehensive, integrated solution with strong bank connectivity because the company has operations around the globe and therefore deals with a large amount of currencies and banking partners, Carl van Gele, RPC’s European Finance Controller, said in a statement.
“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,” van Gele said. “Our cash pooling is well established across the Group and the Kyriba system will enable our treasury center 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.”
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