Case Study: Graff Diamonds achieves global cash visibility and stronger controls with Kyriba

Graff Diamonds - Customer Case Study

Graff Diamonds, the global luxury jeweller founded in 1960, had grown to 45 stores across Europe, Asia, the U.S. and South Africa but was hampered by fragmented finance operations: six regional teams, cash-based accounting, dozens of bank and currency accounts across 15 countries, heavy reliance on spreadsheets, inconsistent reporting and limited cash visibility and control.

In 2013 Graff implemented Kyriba’s cloud Treasury Management System to centralize cash and payments, rationalize bank relationships, integrate with ERP and standardize forecasting and reporting. The solution delivered consolidated bank connectivity, secure dual-authorisation payments, real-time bank statements and accurate cash forecasts—reducing spreadsheet dependence, improving controls and operational efficiency, enabling remote authorisations and better investment and funding decisions.

Graff Diamonds

Andrew Nicholson

Chief Financial Officer