Case Study: an automotive retailer achieves scalable treasury automation with Clearsulting and Kyriba

Automotive Retailer automates 85% of bank-to-book matching with Clearsulting

An automotive retailer was scaling at a rapid rate, having doubled its revenue and acquired 150 new dealerships in three years. This growth led to a highly manual and labor-intensive treasury process, with a complex month-end reconciliation that required third-party support, a manual payments process, and a lack of audit trail clarity. They engaged Clearsulting for a solution to maintain data integrity and improve compliance, which was found through the Kyriba platform.

Clearsulting engineered automated reconciliation rules and developed end-to-end payment processes within Kyriba, including building a proprietary tool to load payment templates. The solution automated 85% of bank-to-book matching, shifting the process to a daily workflow. This eliminated the need to outsource reconciliations, saving over $30k annually, and freed up over 1,000 hours by significantly reducing manual tasks and the risk of errors.