Download to read offline
Uploaded byKyriba Corporation
5 wins for tms owners
The document discusses the benefits that Intelsat has realized from implementing Kyriba's treasury management system (TMS). It provides an overview of Intelsat, including its size and operations. It then summarizes Intelsat's treasury operations and cash management challenges. The TMS implementation was completed in under 6 months and provided several key benefits: (1) centralized processes and standard reporting across business units; (2) rationalization of workflows for improved controls; and (3) rapid scalability to integrate new acquisitions. Additional benefits included improved cash visibility, payments automation, and fraud prevention controls.
5 wins for tms owners
- 1. 5 Wins forTMS Owners (which you might not know)
- 2. PRISCILA NAGALLI, CFA, CTP Director Treasury& Capital Markets Actualize Consulting BRIAN QUIRK Assistant Treasurer Intelsat BRIAN BLIHOVDE Senior Director Treasury Product Marketing Kyriba Today’s Presenters
- 3. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 3 About Intelsat: ● World’s largest satellite services business ● Media, Telecommunications, Networks, Global Internet Backbone, Inflight wi-fi Connectivity ● ~$2B annual revenue
- 4. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 4 Treasury by the Numbers ● 3 Treasury analysts ● 2 ERP interfaces ○ Microsoft NAV ○ Oracle Cloud ● Captures 99.9% of all bank account activity ○ 1k transactions weekly ○ 72 legal entities ○ 15 banks / 165 accounts ○ 26 countries ○ 22 currencies ● Automating 95% of AP volume ○ 2,000 payments a month
- 5. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 5 Oct ‘20 TMS RFP & Oracle Cloud upgrade kickoff Nov ‘20 Selected Kyriba / Actualize & Purchased Gogo Bank Reporting Live (Treasury & Oracle Cloud) Jan-Mar ‘21 April ‘21 Payments Live (NAV - Gogo ERP) Payments Live (Oracle Cloud) Oct ‘21 Kyriba Implementation Timeline Delivered in under 6 months
- 6. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 6 Why Kyriba? ● Scalable ecosystem supports AP, Payroll, Cash Management and Forecasting ● Centralized processes and standard reporting for all business units ● Synergy achieved with Gogo acquisition while also maintaining separate ERPs ● Rationalization of process/workload, reducing time & improved controls
- 7. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 7 Centralizing and Standardizing Bank Connectivity & Cash Visibility • Cash Positioning & Transaction Reporting • Global Liquidity Forecasting • Cash Accounting • Bank Fee Analysis • Working Capital Treasury & AP Payments • Policy & Control Framework / Fraud Detection • Netting Risk Management • Intercompany loans & Settlements • User & Account Audit Compliance Reporting • Trading (FX, MM)
- 8. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 8 Supporting Organic Growth / M&A • Integrating an acquisition can be achieved within months • Bank data exchange setup a snap to get quick wins on data collection and interfaces • Standard bank statement formats and robust transaction coding logic drive reporting and key process synergies • 1 payment file format for many banks • Simple / intuitive administration - self service for expedited bank account setups Rapid Scalability
- 9. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 9 • Cash Visibility and Statement Forward • Payment Workflow – AP & Treasury • ERP(s) – Accounting, Reconciliation • Trading Platform – FXs, Investments • Data lake Integration What should be automated?
- 10. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential 10 • Cash Visibility – safeguard, deploy cash, maximize use • Financial benefits with enhanced liquidity management • Cash Conversion Cycle • Working Capital Management • Bank relationship management, bank fees analysis • Payments optimization • Support IT Finance Projects • Benefits – Business Case Balance Cost and Benefit 4
- 11. Kyriba.com Copyright ©2021 Kyriba Corp. All rights reserved. | Proprietary & Confidential Fraud Prevention & Policy Adherence 11 5 • Workflow controls Payment lifecycle monitoring • Duplication controls • Segregation of duties • Rule based detection (i.e. first-time vendor, banking details changes, OFAC list validation, etc) • AI detection • Centralized backup for audit support (logs, reports) • Bank Account Validations (3rd Party) • FBAR (report generation and listings are time-saving) • Trade compliance & rebalancing
- 12. Top 5 Takeaways 1Treasury responsibilities go beyond visibility and payments 2 TMS facilitates quick scalability and standardization 3 TMS serves Treasury, Accounting, AR and AP 4 Fraud Prevention is a leading reason to subscribe to TMS 5 Processes and Technology must progress together
- 13.
- 14. kyriba.com 1-855-KYRIBA-0 treasury@kyriba.com 4435 Eastgate Mall, Suite200 San Diego, CA 92121 Copyright © 2021 Kyriba Corp. All rights reserved. Thank You!