Case Study: Dana‑Farber Cancer Institute achieves 83% productivity improvement and $925K in annual value with Kyriba

Dana-Farber Cancer Institute Achieves 83% Productivity Improvements and $925K in Annual Value Realized

Dana‑Farber Cancer Institute, a leading comprehensive cancer center and Harvard Medical School affiliate, was relying on ad hoc, Excel‑based cash management and accounting processes with disparate systems and month‑end updates. That lack of real‑time visibility and heavy manual work made strategic cash decision‑making difficult and left treasury and accounting well behind peers in process maturity.

By deploying Kyriba’s Cash Forecasting, Cash Management and Cash Accounting solutions and conducting a Value Realization Assessment, Dana‑Farber automated core processes and gained on‑demand cash visibility. The project saved 228 hours per month (an 83% productivity improvement), captured 98.4% of accounting activities with 82% of rules mapped, and delivered $925K in annual value (including $652K in hard savings: ~$215K interest income and ~$437.5K from improved strategic investments).

Dana-Farber Cancer Institute

Gerry DiStefano

Director of Treasury