Unification and automation of global treasury, the Exolum success story
Founded
1927
Headquarters
Madrid, Spain
Industry
Energy
Operations
International
Revenues
1,028 million euros
Transforming the financial management system with a global treasury automation solution
Key challenges:
- To have a flexible and scalable platform that would allow treasury management in multiple geographies.
- Integrate the solution with existing systems to improve operational efficiency.
- Eliminate manual processes and minimize errors in cash flow management.
- Centralize global financial visibility without losing local control.
The implementation process times have been short and a determining factor in this speed is the knowledge and experience of the implementation consultants who not only master the technical aspects of the software, but also have a deep understanding of the specific needs and challenges of the treasury.
María Mangas, Head of Treasury at BU Spain
The trust placed in the All CMS implementation team, together with the commitment of the business team, gives me the necessary confidence to face the global expansion of the project. Thanks to the good work done so far, we are in a solid position to consider the implementation in other geographies, with the right resources and approach to ensure success in each phase.
Dora Valdés, Project Developer of Global Finance
Our treasury automation solution
Exolum has trusted All CMS as a strategic partner for the acquisition, implementation and support of Kyriba.
- Cash Management Module
Daily and automatic position reporting for real-time cash management. Creation of confirmed forecasts to improve the classification of your bank movements, in addition to obtaining a future cash position. - Connectivity Hub
Automatic receipt of account statements AEB43
Upcoming implementations
- Connectivity Hub
Automatic receipt of account statements from all group companies via Swiftnet - In House Banking
Intra-group interest settlement. Manages settlements between group companies. Favors cost savings and total control over the liquidity of the entire company. Tracks intercompany transactions. Automates the reconciliation of intercompany transactions, improving accuracy and reducing processing time.
Do you want to drive global treasury automation in your international group?
Multinational companies such as Exolum have optimized their treasury and financial processes through global treasury automation, eliminating errors, improving operational efficiency and strategic decision making.
Exolum’s management sought to unify financial management internationally, optimize operational efficiency and ensure data integrity across all its subsidiaries. To this end, the All CMS team implemented a treasury management system (TMS) and led the automation of the global treasury, ensuring seamless integration with its existing systems.
Download the Exolum case study
Forget manual tasks, and discover how to automate your treasury management and optimise your finance team’s time.