Kyriba Client A. Schulman Wins TMI’s Corporate Innovation Award for 2018

International Plastics Supplier Builds a ‘Smart Treasury’ Using
Kyriba’s Enterprise Platform

LONDON–(BUSINESS WIRE)–#automation—Kyriba,
the #1 global provider of cloud treasury and financial management
solutions, today announced that its client A. Schulman has won Treasury
Management International’s (TMI) prestigious Corporate Innovation Award
for Treasury Technology. The company was recognized by the judges for
its achievement in building a modern treasury and finance operation,
working with key global banks, and generating significant savings and
tax efficiencies for the company.

“We are extremely honored to have won the TMI Award,” said Nicolas
Tusseau, Global In-House Bank Manager at A. Schulman. “The award
recognizes the dedication of A. Schulman’s treasury team and our
consultants to modernize our treasury operations. Kyriba’s technology
enables our team to automate, standardize and build strategic processes
to keep pace with the fast moving demands from our organization.”

Notable achievements of A. Schulman’s treasury transformation include:

• $2.5 million (USD) saved in operational efficiencies, time and
  resource savings
• $91 million of global cash consolidation to the in-house bank
• 27 bank systems eliminated globally
• 84 bank accounts closed through rationalization
• Improved visibility and control over cash and risk

Read the full case
study here.

“We are delighted to announce A. Schulman as winners of the Corporate
Innovation Awards for Treasury Technology, who, in partnership with
Kyriba, underwent a major global treasury transformation, with
impressive results from in-house banking, cash pooling and multilateral
netting processes,” said Robin Page, CEO and publisher of Treasury
Management International. “The intelligent automation, and new strategy
for liquidity management delivered remarkable efficiencies and financial
savings for the organization.”

For more information about the award, go to Treasury
Management International.

“We congratulate A. Schulman’s treasury team for this outstanding
recognition and for demonstrating a strong commitment to innovation,”
said Jean-Luc Robert, chairman and CEO at Kyriba. “Their achievements
show global treasury teams the power and ability that cloud treasury and
finance technology can deliver to drive impactful business results.”

To learn more about Kyriba, visit www.kyriba.com.

About Kyriba Corp.

Kyriba is the #1 provider of cloud treasury and financial management
solutions. Kyriba empowers financial leaders and their teams with
award-winning solutions for cash and risk management, payments and
supply chain finance. Kyriba delivers a highly secure, 100% SaaS
enterprise platform, superior bank connectivity and a seamlessly
integrated solution set for tackling today’s most complex financial
challenges. More than 1,800 companies, including many of the world’s
largest organizations, rely on Kyriba to streamline key processes,
protect against loss from fraud and cybercrime, and accelerate growth
opportunities through improved decision support. Kyriba is headquartered
in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and
other major locations. For more information, visit www.kyriba.com.

Contacts

Kyriba Corp.
Daniel Shaffer, +1 858-263-2218
[email protected]