Case Study: Xcel Energy streamlines treasury operations with Clearsulting's Kyriba implementation

Xcel Energy automates 500,000+ annual payments with Clearsulting

Xcel Energy engaged Clearsulting to transform its treasury processes, which were hindered by reliance on spreadsheets and legacy systems. These outdated methods presented significant challenges, including difficulties with regulatory compliance and an increased risk of fraud. The utility company sought to reduce manual work and leverage automation.

Clearsulting implemented the Kyriba treasury management system, tailoring it to Xcel Energy's specific needs as a utility. The solution automated data entry and reconciliation, streamlining over 500,000 vendor payments and customer rebates annually. This significantly reduced manual intervention, eliminated human error, and enhanced fraud protection, laying the foundation for a scalable and forward-looking treasury function.

Xcel Energy