20 Mar Capital Energy transforms its financial management with All CMS
The benchmark company in the sustainable energy transition has automated its cash management.
Madrid, March 20, 2024 – Capital Energy, a leader in sustainable energy transition, announces a significant step towards the efficiency of its financial processes with the successful implementation of Kyriba, a leader in treasury and payment automation solutions. This initiative, carried out in close collaboration with the consulting firm All CMS, strengthens Capital Energy’s commitment to innovation and sustainability in the renewable energy sector.
Commitment to energy transition and financial challenges
Capital Energy, with a wind and solar project portfolio of around 25 gigawatts (GW) in the Iberian Peninsula, faced challenges linked to its rapid growth. The exponential increase in operations and projects over the last five years generated a crucial need to optimize financial management.
Capital Energy, as a digital born utility, is focused on developing an optimal digital model that is driven by an efficient finance function. Kyriba’s platform is an integral part of this process, allowing, thanks to a simple and reliable solution, to provide real-time visibility of the banking position, categorize bank movements and reduce the administrative burden and the risk of human error in financial processes.
With this initiative, Capital Energy reaffirms its innovative position in the transition towards a more sustainable and efficient energy model, in which the contribution to the economic and social development of the territories in which it operates is key.
Kyriba selection and the key role of All CMS
In search of a comprehensive solution, Capital Energy selected Kyriba, known for its excellence in automating financial processes. The implementation was carried out by All CMS, a consulting firm with more than 12 years of experience in managing the change of financial teams when adopting a new technology. The projects approach is holistic, for the definition of the problem, the choice of the vendor and the success of the selected solution.
According to Carolina Ferrero López, Head of Treasury at Capital Energy, “the implementation of Kyriba’s solution has had three main advantages for the company: the possibility of having immediate access to the necessary financial information, facilitating the control of bank positions; the automatic execution of payments, eliminating the manual factor and the risk of human error; and the ability to have an immediate cash forecast”.
Key benefits for Capital Energy
Capital Energy has already experienced key benefits, including process optimization; freeing up time for higher value-added tasks; advanced financial control with the ability to efficiently manage treasury; comprehensive automation of collections, payments, bank reconciliations, reporting and dashboards; and accounting efficiency and risk reduction through efficient accounting records.
About All CMS
All CMS is a consulting firm focused on the needs of its clients to manage the shift towards new models of treasury management and payment automation. All CMS unites the knowledge of the best treasury applications with the expertise of its team of consultants to guide companies in the transformation of the treasurers’ function. It is recognized for its expertise in financial solutions, offering a complete set of tools to solve two-way banking connectivity, provide immediate visibility of the treasury position, manage intercompany positions, automate bank transaction classification and accounting, and execute payments securely, without risk of manual error or fraud. Its customer-centric approach and proven track record make All CMS the ideal choice for companies looking to optimize their financial infrastructure.
Download the press release on Capital Energy’s treasury management automation
Faced with an increase in business volume, Capital Energy was looking for real-time data and to reduce the time spent on manual processes, so the All CMS team implemented a treasury automation solution.
They also rely on our expertise
Learn in detail about Capital Energy’s financial management transformation project.
Download the Capital Energy case study to find out how they automated their treasury management and optimised their finance team’s time with All CMS.
