Exolum modernizes its financial management with solutions from consulting firm All CMS

Exolum transports and stores a wide range of liquids and gases, including refined products, chemicals, and biofuels, with a strong commitment to sustainability. The company operates the largest pipeline network in Europe and is in the process of diversifying into new sectors related to the energy transition. It currently operates in 11 countries: Spain, the United Kingdom, France, Germany, the Netherlands, Portugal, Ireland, the United States, Panama, Ecuador, and Peru.

With the company’s growth and international expansion, cash management has become increasingly complex. The need for a global view of financial flows and the ability to adapt to different regulatory and legislative frameworks in each country led Exolum to modernize its financial systems to ensure efficient and centralized control of its cash flow.

The previous treasury tool had become obsolete, making integration with other systems difficult and creating excessive dependence on manual processes. In addition, the company needed a scalable solution that could adapt to the group’s growth and respond to the challenges of financial digitization.

Exolum’s internationalization brought additional operational challenges, such as managing multiple currencies, adapting to banking regulations in different countries, and the need for consolidated information for strategic decision-making.

After an exhaustive market analysis, Exolum opted for Kyriba, a SaaS-based treasury management platform implemented by the consulting firm All CMS. Its ability to integrate with existing systems and its scalability were decisive factors in this choice. Thanks to its flexible architecture and advanced functionalities, the platform optimizes cash, payment, and liquidity management in a global environment.

The implementation process began in Spain, where the tool is now fully operational. Its adoption has significantly improved the efficiency of financial processes, while simplifying treasury management. Implementation in the other companies of the group is being carried out in phases, ensuring a gradual adaptation without interruptions in financial operations. Collaboration between the business team and the consultants has enabled the tool to be adapted to the group’s local and international requirements.

In the words of María Mangas, Head of Treasury for Aviation & Spain Network (BU) at Exolum, “the implementation times have been short, thanks to the knowledge and experience of the consultants. Their ability to adapt the software to our needs has been key to the success of the project.”

Dora Valdés, Project Developer at Global Finance at Exolum, commented “The trust placed in the All CMS implementation team, coupled with the commitment of the business team, gives us the confidence we need to tackle the global expansion of the project. Thanks to the good work done so far, we are in a strong position to plan implementation in other geographies, with the right resources and approach to ensure success at every stage.”

The project team has played a crucial role in resolving technical challenges and ensuring a smooth transition. Thanks to its experience in financial digital transformation projects, Exolum has adopted a solution that not only improves daily operations but also facilitates the development of best practices in treasury management globally.