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

Industry

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

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

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.

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.