GeoPost Chooses Kyriba for cash management
GeoPost Group Treasury has chosen the Kyriba platform for its cash-flow forecasting, payments, cash positioning and pooling activities. Together with the group’s centralised treasury in France, all major GeoPost subsidiaries will be accessing the Kyriba platform and single database over the internet. Kyriba’s Communication HUB will connect directly in each country to local and international banks giving each subsidiary as well as centralised treasury actual cash positions from multiple banks. The Communication HUB further allows GeoPost to set-up group-wide payment factory and automates reports between actual bank balances and forecasted estimates from various subsidiaries and banks across Europe.