SAN DIEGO & MILAN–(BUSINESS WIRE)–Kyriba (“the Company”), a global leader in cloud treasury, payment and finance solutions, today announced that Barilla, a leading global food company, has chosen the the company’s enterprise liquidity management to support its treasury, risk management and supply chain finance operations.
The integration will centralize Barilla’s multiple supply chain finance programs into a single dynamic discounting solution that will better support its suppliers, shorten the cash conversion cycle and improve the company’s liquidity. Barilla also chose Kyriba to increase cash visibility, improve cash forecasting and digitize currency, interest rate and commodity risk management.
“We set out to bring more value to the Barilla business and needed a provider that would provide an easy-to-use solution with proven expertise in supply chain finance and a robust multi-bank connection capable of integrate suppliers all over the world. Kyriba’s platform perfectly meets our treasury requirements for automation, control and connectivity with ERPs and banks. We like Kyriba’s interface, features, and high standards for security and data management. Kyriba is the only vendor to combine cash management and supply chain finance into a single solution,” said Giangaddo Prati, Director of Finance and Information Technology of the Barilla Group.
With this project, Barilla is adopting Kyriba’s innovative digital platform to manage liquidity across the business and support Barilla’s global supply chain.
“We are pleased to welcome Barilla to our family of enterprise liquidity management platform users and support their financial transformation journey. This integration demonstrates Kyriba’s ability to meet the requirements of a global player in terms of optimizing business liquidity and protecting against operational and financial risks,” said Andrea Delvò, Managing Director, Italy, at Kyriba.
Kyriba’s enterprise liquidity management platform provides cash, payments, connectivity, working capital and risk management across the enterprise through a “liquidity-centric” approach.
About Kyriba:
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform the way they optimize fintech solutions, reduce ERP cloud migration risks, and enable liquidity as a dynamic, timely driver. real growth and value creation. With 2,500 customers worldwide, including 25% of Fortune 500 and Eurostoxx 50 companies, Kyriba’s pioneering connectivity-as-a-service platform integrates internal treasury, risk, payments and working capital applications with vital external sources such as banks, ERPs, trading platforms and markets. data providers. Kyriba is a secure and scalable SaaS platform that leverages artificial intelligence, automates payment workflows and enables thousands of multinationals and banks to maximize growth opportunities, protect against fraud and risk losses finances and reduce operational costs.
Kyriba is headquartered in San Diego, with offices in Milan, Dubai, Frankfurt, London, Minsk, Paris, Shanghai, Singapore, Tokyo, Warsaw and other major locations.
About Barilla Group:
Barilla is a family business, not listed on the stock exchange, chaired by the brothers Guido, Luca and Paolo Barilla. It was founded by their great-grandfather, Pietro Barilla, who opened a bakery in Parma in 1877. Today, Barilla is famous in Italy and around the world for the excellence of its food products. With its brands – Barilla, Mulino Bianco, Pan di Stelle, Gran Cereale, Harrys, Pavesi, Wasa, Filiz, Yemina and Vesta, Misko, Voiello and Cucina Barilla – it promotes tasty, joyful and healthy food, inspired by the Mediterranean diet. and the Italian lifestyle.
When Pietro opened his store over 140 years ago, his primary goal was to make great food. Today, this principle has become Barilla’s way of doing business: “Good for You, Good for the Planet”, a slogan that expresses the daily commitment of the more than 8,000 people who work for the company and a supply chain that shares its values. and passion for quality.
“Good for You” means constantly improving the product offering, encouraging the adoption of healthy lifestyle habits and facilitating people’s access to food.
“Good for the planet” means promoting sustainable supply chains and reducing CO2 emissions and water consumption.
For more information: www.barillagroup.com; Twitter: @barillagroup
