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Deployment of Kyriba Group Treasury Management System (TMS) in France and Internationally



Luxury retail

Client & context

  • A family-owned company specializing in luxury leather goods, renowned for its iconic “Le Pliage” bag: Global presence – ~ €500 million in annual revenue
  • Significant international business development in recent years
  • Heterogeneous Treasury-related processes (payments, security, bank statement integration)
  • Implementation of a new TMS (Kyriba) by the Group Treasury

Client’s expectations

Implementation of Kyriba group Treasury management tool seamlessly integrated with the SAP group accounting tool to:

  • Decommission the current TMS tool, SAGE XRT, used exclusively in France, with a strong dependency on the SAP group accounting and payroll tools
  • Standardize group Treasury processes (payments, bank statements integration, cash pooling, optimization of bank accounts)
  • Secure payment flows at the group level
  • Improve group cash flow forecasts

How we helped

  • Assisted the client in selecting the Kyriba TMS tool during the tender process.
  • Provided agile project supervision (structuring, planning, committees…), operational management of tasks with all stakeholders (Treasury, IT, Accounting), and coordination with related projects (SAP, payroll tool, Control M automation).
  • Implemented the deployment in successive phases: in France, in Europe, in the US & Canada
  • Offered technical support for SAP impacts (ISO 20022 payment file format, MT940 bank statements, configuration aligned with Kyriba).
  • Provided post go-live support and conducted change management.

Results achieved

  • Successful implementation of the Kyriba group TMS in targeted markets, according to the defined schedule.
  • Streamlined group Treasury processes through Kyriba, SAP, and the payroll tool.
    – Standardized group bank statements to the MT940 format.
    – Optimized bank and bank account management.
    – Implemented cash pooling.
  • Enhanced payment flow security by:
    – Utilizing the highly secure SWIFT channel for file exchanges.
    – Standardizing payment files outputted from SAP and the payroll tool to the .xml ISO 20022 format (SCT, SDD, CGI).
    – Implementing double validation of payments (first in SAP, then in Kyriba).
  • Improved group Treasury forecasts through:
    – Intraday MT942, MT940 bank statements, payment files.