Industry

Retail Industry

Treasurers in the retail industry need in-depth insight into foreign exchange exposures and consolidated forecasting in order to be more strategic.

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Many retail companies are challenged by the confusion that comes with an influx of invoices from multiple overseas vendors, the global scale of manufacturing operations and sales, and seasonal cash flow that can complicate forecasting. To help solve these challenges, Kyriba provides:

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Clarity into Payments & Processes

Kyriba tracks which invoices have been paid, the amount and the timing of each payment to help avoid confusion.

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Comprehensive FX Exposure Management

Kyriba’s FX management solutions supports pre- through -post trade activities and helps mitigate impacts on earnings.

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Award-winning Forecasting

Kyriba gives companies the ability to easily consolidate forecasts and measure their accuracy.

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We are able to see our whole cash forecast internationally, really utilise it and be efficient in our way of using cash.”
GABRIEL LEUNG SENIOR DIRECTOR, TREASURY ADVISOR, LULULEMON Hear the success story
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Average Quantitative Results

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Hours saved per month using Kyriba

221
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Hours saved per month on daily cash positioning

59
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Average of payback months

5.13

Source: Data compiled from surveying more than 200 companies as part of Kyriba's value engineering process.

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Addressing Supplier Challenges with Reverse Factoring

After the global financial crisis in 2007, Auchan’s suppliers asked if invoices could be paid sooner so that they could secure bank financing on acceptable terms.

Learn how, after the global financial crisis in 2007, Auchan set up a successful reverse factoring programme (also known as supply chain finance) with more than 15,000 supplier participants to pay invoices sooner, resulting in a 47 percent increase in financing requests.

Read the success story
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The feedback from suppliers that joined the program has been unanimously positive. We have met their expectations in terms of visibility, simplicity, transparency, independence and attractiveness.
FRANÇOIS VERRODDE CEO OF ASAP, AUCHAN GROUP

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