London (PRWEB) October 09, 2013
Kyriba, the leader in cloud-based treasury management solutions, has been appointed by Eurostar International to deliver an integrated suite of treasury, risk management and payments solutions. Eurostar will use the Kyriba Enterprise software-as-a-service (SaaS) platform across its European operations, enabling the company to centralise, automate and increase control over treasury processes, as well as to improve connectivity with its banking partners.
Kyriba was selected following a comprehensive vendor review, and will replace Eurostar’s existing treasury module in its ERP system. The cloud-based system will be used by Eurostar’s treasury team to provide connectivity to its network of banks, thus enabling the company to make its overall banking procedures more efficient. Additionally, Eurostar will use Kyriba’s Payments module, with its SEPA-compliant formats and mandates, to streamline its third-party payments processes.
“As an international company, Eurostar needs a solution which works seamlessly across multiple borders and currencies,” said Chris Egan, Head of Treasury at Eurostar International. “Kyriba enables our treasury team to increase its productivity and maintain a much stronger control over our cash holdings and FX exposure. By automating a number of tasks that we previously had to complete manually, as well as integrating into the corporate ERP solution, the team is able to work more efficiently. In addition, by using Kyriba’s Payments module, we can ensure that our payments are all made using SEPA-compliant formats.”
Rémy Dubois, EVP and managing director, EMEA at Kyriba, commented: “As with many companies that move to Kyriba, Eurostar’s treasury team has a need to deliver a deeper level of analysis, while continuing to improve processes and controls. Kyriba enables teams to streamline and automate a broad range of complex and often-time consuming procedures, giving the treasury team both the time and the insight to make smarter decisions. This, in turn, allows the treasury to become a highly-valued, strategic partner to the management team.”
Kyriba is the global leader in next generation treasury solutions in the cloud. We enable CFOs and finance teams to increase compliance, reduce risk, and provide the insight necessary for strategic financial decision-making. Kyriba’s award-winning cash, treasury, payment, risk management and supply chain finance solutions are highly secure and scalable. With a client loyalty rate of more than 98 percent, Kyriba supports Global 2000 enterprises and fast-growth mid-market companies, including Amway, Electronic Arts (EA), Interpublic Group, PulteGroup, Inc. and Qualcomm. For more information on how to become a strategic partner to your organisation, contact treasury(at)kyriba(dot)com or visit http://www.kyriba.com.
- Eurostar continues to innovate and enhance its service and the investments it is making over the next two years will shape the business for future growth. The £700 million investment in creating a new fleet of trains remains on track with the production of Eurostar’s new e320 trainsets and the refurbishment of its existing fleet progressing well. Both the refurbished and new train sets are being delivered to a design created by Pininfarina, the world-famous Italian design house, and the business looks forward to presenting its customers with the new trains in 2015.
- Eurostar is the high-speed train service linking St Pancras International, Ebbsfleet International, Ashford International, Paris, Brussels, Lille, Calais, Disneyland Paris, Avignon and the French Alps.
- Eurostar was established in 1994 as a partnership between three railway companies: SNCF, SNCB and LCR (London and Continental Railways). On 1 September 2010, Eurostar became a single, unified corporate entity owned by three shareholders: SNCF, SNCB and LCR.
- The current Eurostar train was first introduced into service in 1994 carrying 750 passengers and operating at speeds of up to 300kph. Since then, the fleet of 28 trains has carried more than 130 million passengers between London and the Continent. Following their refurbishment, these trains will continue to form a core part of the Eurostar fleet.