Case Study: Cooke Aquaculture achieves centralized liquidity and lower costs with Kyriba's In‑House Bank and Payment Factory

Cooke Aquaculture Unlocks Liquidity with In-House Banking and Payment Factory Successes

Cooke Aquaculture is a vertically integrated, family-owned seafood company (10,000 employees, C$2.4B revenue) with operations across Canada, the U.S., Chile, Scotland and Spain. Rapid growth and a complex, multi-layered fiscal structure left the company with decentralized cash and FX management, manual payment processing, limited access to surplus balances and inefficient intercompany liability handling—prompting a need to centralize treasury and unlock trapped liquidity.

Using Kyriba, Cooke implemented a tax‑compliant, multi-layered in‑house bank and payment factory with automated current‑account relationships and ERP integration. The solution centralized FX and liquidity management, reduced banks/accounts and external transaction costs, improved payment control and efficiency, freed ~20% of FTE capacity in the shared service center, and delivered measurable cost savings and enhanced visibility across the group.

Cooke Aquaculture

Onaolapo Badejoko

Treasury Risk Manager