Case Study: Condé Nast achieves centralised liquidity, bank consolidation and automated treasury operations with Kyriba

Condé Nast’s Transformation Overhauls Liquidity, Bank Relationships and Treasury Tech

Condé Nast, the global media company behind brands like Vogue and The New Yorker, tasked its treasury team with supporting a new global organisational structure but faced fragmented, manual processes: inconsistent payment handling across markets, low automation and visibility into cash, fees and flows, and a complex European bank network of 16 banks that created duplicated work and idle balances.

Working with Bank of America and technology partners Kyriba, CashPro® and Workday, Condé Nast centralised treasury in a new entity, consolidated banking relationships, and automated cash concentration and cross‑border sweeps with XML file standards. The transformation delivered near‑straight‑through processing (0% to 99.5%), reduced banks from 16 to five in scope, cut idle balances and costs, improved visibility and controls, and produced scalable, efficient treasury operations and measurable ROI.

Condé Nast