Technology Integration Transforms Adobe’s Treasury

Adobe is experiencing substantial growth with a goal of creating a world-class treasury organization and to build a platform that would sustain it throughout the next decade.

Key Challenges Before Kyriba

• With no TMS in place, Adobe managed Treasury —$5.5B in cash through 138 bank accounts —through spreadsheets
• 125 global users manually logging into 10+ banking portals daily
• Digital and hard token logins created a heavy administrative and security burden
• Reporting entailed downloads in varied formats and manual customized reporting

Treasury Transformation Objectives

• One-stop shop for all banking activities with a full cash and liquidity view
• Centralized payments platform fully integrated into ERP (SAP)
• Scalable solution that is able to absorb new businesses and scope
• Secure system that provides full audit trails

Adobe Treasury Wins with Kyriba Positive Business Outcomes

12 Functional Teams at Adobe Engaged Throughout the Project

Liquidity Management

• Retired Accelerate workbook and automated daily management reports
• Created a consolidated view for 100% visibility into global cash and liquidity
• Eliminated manual tracking and settlement process of investments and debts
• Automated Intercompany funding process for time saving and enhanced control
• 180 bank and investment account balances integrated
• ICD Integration for money market trades and settlements details
• SAP integration for daily FX and AP forecasting

Payments

• Achieved payment processing via one system
• Real-time fraud detection applied to payments processed in Kyriba
• 5 banks connected for a secure, automated process for ad-hoc payments
• Ad-hoc wire requests routed from ServiceNow ticketing workflow
• 300+ payment scenarios globally tested and live
• 50 SSIs and 116 repetitive payment templates maintained

Accounting

• Reduced risk of errors by replacing most of BOT and wire forms with Kyriba daily GL export
• Increased number of accounts reconciled through Blackline integration, with bank statement forwarding from Kyriba
• Centralized and streamlined the process for Treasury transactions accounting entries
• Month-end accounting entries for investment and debt are auto-generated and sent to SAP

Bank Account Management

• Centralized repository of 24 signers tracked and 8 bank letter templates maintained
• 4 Banks connected for bank fee statement reporting and proactive fee management
• FBAR reporting information generated from Kyriba