Japanese technology company Konica Minolta has selected Kyriba for rolling out its global cash visibility solution.
The company will use the Kyriba Enterprise software-as-a-service (SaaS) platform to provide cash positioning and forecasting, as well as foreign exchange (FX) and general ledger (GL) posting.
Kyriba will enable Konica Minolta to gain real-time global visibility of its cash position, and improve its forecasting capabilities, enabling it to optimise the use of its cash holdings. The company will also use the Kyriba solution to increase the efficiency of its treasury operation by automating various manual tasks.
Konica Minolta provides a range of office and medical imaging solutions, optical devices and measuring solutions. The company has more than 40,000 employees across 45 countries, and has revenues of 813bn yen (JPY), equivalent to US$7.58bn/£4.64bn.
“Konica Minolta is currently undergoing a major corporate initiative, and as part of this, we are enhancing our global treasury management capabilities,” said Hiroyuki Omori, its treasury department director.