Case Study: FrieslandCampina achieves centralized payments, streamlined collections and higher treasury maturity with Kyriba

FrieslandCampina’s Route to a Higher Treasury Level

Royal FrieslandCampina is a large dairy cooperative—over 18,000 farmer members, ~23,000 employees and operations in 34 countries—facing complex cross‑border finance flows and fragmented systems. The multinational needed to centralize payments and collections, improve reconciliation of incoming payments and streamline heavy intercompany invoicing (around one million intercompany invoices handled annually), but its treasury lacked the operational support and standardized IT needed to do this efficiently.

FrieslandCampina launched a transformation (projects including Summit and Everest), implemented TIS as a payment hub, Kyriba as its treasury management system and Coprocess for global netting, and created a focused treasury operations team with a dedicated project manager. The result is centralized cash and continuous intercompany netting, faster and less error‑prone payments and collections, lower costs, a scalable cloud‑based platform and stronger treasury maturity—enabling further steps such as COBO/POBO and virtual accounts.

FrieslandCampina

Jeroen Brieffeis

Group Treasurer