Case Study: a healthcare and academic research non-profit improves cash visibility and saves $60K with Clearsulting's Kyriba implementation

Healthcare and Academic Research Non-profit saves $60K in bank fees with Clearsulting

The healthcare and academic research non-profit was using the Kyriba treasury management system only as a database for bank connectivity, leaving its full benefits untapped. Manual processes for cash flow categorization, forecasting, and payments were inefficient, and a lack of formal programs made it difficult to gain insight into spending.

Clearsulting developed a plan to increase functionality without disrupting live processes. The solution included consolidating intercompany activity into Kyriba's in-house banking module and leading biweekly sessions for design feedback. The results for the customer included a $60,000 reduction in annual bank fees, automatic categorization of 99% of transactions, and time savings of 12 hours per week. Clearsulting also delivered 100% automatic tracking of lending positions and increased payment controls.