Carrie Horton of ACCO will present the immediate key benefits of moving away from spreadsheets, including perfecting cash visibility, reliable and more accurate cash forecasts, and an improved FX hedging program. As a bonus, hear ACCO's real-life story that drove them to invest in a treasury management system and a few tips and tricks to perfect your treasury management solution implementation.

1. TREASURY TRANSFORMATION
Why ACCO Adopted a TMS
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2. ACCO BRANDS
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3. BUZZWORD BINGO
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4. WHAT DROVE OUR NEED FOR CHANGE?
 European acquisition added significant complexity to treasury operations
 Several new currencies
 A couple hundred new bank accounts
 Tripled size of intercompany loan portfolio
 Executive Leadership wants the answers – NOW
 Age of technology has created expectation of better, faster and more accurate information
 Organizational objective to reengineer processes to make them leaner, more efficient
 Reduce manual work where possible – STP is goal
 Allow team to spend time on more value-add activities
o Less data entry, reformatting
o Better analysis, decision-making
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5. 5

6. KYRIBA MODULES IMPLEMENTED
 Cash management
 Payments
 Cash accounting
 Market data
 Debt position keeping
 Risk management (FX hedging)
 Financial accounting
 Bank account management
 Bank fee analysis
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7. CASH POSITION WORKSHEETS
 Multiple cash position views by
account, entity, bank, currency etc.
 View actual and forecasts together to
see true bank balances for informed
decision making
 Customized transaction groupings for
easy analytics
 Offers both detail and summary level
views
 Drill down functionality to quickly view
details of an amount

8. CASH FORECASTING
 Compare multiple forecasts, and track against actual activity to track accuracy and reliability
 AP and AR data direct feed from ERP systems for short-term view
 Historical trending for mid-term view

9. PAYMENTS
 Intuitive and interactive process maps to
enhance payment controls and support
large scale payment factories
 Full Visibility from imitation, to approval,
through acknowledgement, and finally to
GL account posting
 Standardize approval workflow across
multiple banks and types of payments
 Control the separation of duties in the
payment process
 Encrypted communication between Kyriba
Hub and Banks

10. KYRIBA’S CASH ACCOUNTING PROCESS
 Connectivity is established between Kyriba and banks, as well as between Kyriba and
ERP(s)
 Kyriba schedules imports of prior day files from banks
 From these bank transactions, journal entries are posted to the ERP:
 Mapping rules based on unique information bank account, reference text, corporate entity, etc.
 Kyriba sends file(s) to ERP(s) to create journal entries
Kyriba
File(s) sent to
ERP(s)
Prior day bank
files
Bank
1
Bank
2
ERP
1
ERP
2

11. KYRIBA’S GL RECONCILIATION PROCESS
 Kyriba schedules imports of prior day bank statement
 All GL Cash Entries are imported from ERP to Kyriba for reconciliation to bank statement files
 Exception Items are flagged and identified
Kyriba: imports
both bank
statement and
ERP ledger files
Bank 1
Bank 2 ERP 2
ERP 1
Bank data: used to
reconcile against ERP
ledger balances
ERP data: used to reconcile
against bank statement files

12. MARKET DATA
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 Seamlessly integrates reliable FX and
interest rates from external market
data providers
 Forward curves can be interpolated
from rate points

13.  Track all debt activity related to term
loans, credit facilities, interest rate
swaps, leases, and other debt-
related instruments
 Automatically integrate cash
settlements into daily positioning
and forecasting
 Automatically generate payments
from the financial transaction
contracts in the system
 Track credit facility syndicate
participants and prorate related
event payments: principal, interest,
and fees
DEBT POSITION KEEPING
Cur. 05/16/2018 05/17/2018 05/18/2018
AUDRevolver (A_RV) USD -86,445,697 -86,445,697 -86,445,697
USDRevolver (U_RV) USD -137,000,000 -137,000,000 -137,000,000
Letter of Credit (XL/C) USD -12,498,256 -12,498,256 -12,498,256
Swingline Draw (VB) USD 0 0 0
Debt&investment USD -235,943,953 -235,943,953 -235,943,953
Balances USD -36,940,217 -41,793,038 -41,079,763
US Dollar (USD) USD 164,056,047 164,056,047 164,056,047
Available credit line USD 164,056,047 164,056,047 164,056,047
Available + balances USD 127,115,830 122,263,009 122,976,284

14.  Provides visibility and control over funding
needs and FX, offering better use of internal
balance
 Borrowing requests are processed through
Kyriba’s dedicated in-house banking module,
centralizing the entire workflow across all
corporate entities
IN-HOUSE BANKING
 Automatically generate and send
interest statements to entities for
review
 Approve and release physical cash
settlements or postings to IHB balances

15. Relationship number: HR000771 Company: CAACCO
Reference: CAACCO MAR 2019 Accounting standard: FAS
Hedged risk: Full Fair Value Assessment: Cumulative
Prospective: Critical terms match Retrospective: Critical terms match
Period
Hedged Risk
MTM
Settlements
Periodic
change
Cumulative
change
Hedged Risk
MTM
Settlements
Periodic
change
Cumulative
change
Effective
Cumulative
Effectiveness
Initial value (5 177)
12/21/2018 136 0 136 136 (5 313) 0 (136) (136) Yes 136
12/31/2018 586 0 450 586 (5 765) 0 (452) (588) Yes 586
01/31/2019 (4 440) 0 (5 026) (4 440) (736) 0 5 030 4 442 Yes (4 440)
Hedging transaction Hedged transaction
RISK MANAGEMENT
 FX Position Keeping
 Transactions executed within FXall platform, then imported into Kyriba database via direct connectivity with
Fxall
 FX Valuations
 Using market data provided by Thompson Reuters to construct FX curves and Yield curves for valuation within
Kyriba
 Hedge Accounting
 Centralize Hedge Accounting documentation outlining hedged risk, and effectiveness testing methods
 Centrally track all hedge relationships outlining the exposures, derivatives and testing results
 Track OCI and P&L impacts for each accounting period

16. FINANCIAL ACCOUNTING
 Borrowings and repayments of debt – both external and intercompany
 Interest expense accrual
 G/L on hedges
 Reclass of G/L from OCI to P&L
 Forward point amortization
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From: 11/01/2018 to 01/07/2019
Order by: GL account/Accounting date/None
Description GL account GL account description Debt Reference Company Cur. Debit Credit Date
Initial Principal Exchange 3000 Debt Principal REVOLVER ABHQ USD -43,000,000.00 11/30/2018
Accrued Interest 1000 Period Interest Expense REVOLVER ABHQ USD -146,553.75 11/30/2018
Interest Payment 2000 Interest Paid REVOLVER ABHQ USD 248,708.54 12/31/2018
Interim Principal Exchange 3000 Debt Principal REVOLVER ABHQ USD -5,000,000.00 11/30/2018
Final Principal Exchange 3000 Debt Principal REVOLVER ABHQ USD 55,000,000.00 11/30/2018

17. REPORTING DASHBOARD
 Include multiple reporting
widgets and reporting tabs for
quick access to pertinent
information

18. KYRIBA BANK ACCOUNT MANAGEMENT
 Gain control of bank account relationships with
automated change management workflows
 Track all details of organization’s bank accounts
including signatories
 Key capabilities include audit trails, bank
account tracking, confirmation letters,
document storage, and signatory management

19. IMPLEMENTATION TAKEAWAYS
 Be hands-on
 Ask to be advised of best practices
 Set expectation for peripheral teams that the path
to improvement will require their time & effort
 Engage a strong project manager within your
organization
 Plan your time to allow practice immediately
following any training sessions
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20. THANK YOU FOR ATTENDING
Best of Luck if you will soon be starting your Kyriba implementation
(or if you are visiting the casinos later)!
Please feel free to reach out if you have any questions along the way. It would be my pleasure to share
additional experiences and learnings with you.
Carrie Horton, Treasury Manager
847-796-4432
carrie.horton@acco.com
ACCO Brands
4 Corporate Dr.
Lake Zurich, IL 60047
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