Case Study: Avery Dennison achieves $1M+ in annual savings with Kyriba

How Avery Dennison Peeled Away $1M+ in Costs with Kyriba

Avery Dennison, a global materials science and digital identification company, needed to replace its expiring treasury technology and reduce the high cost of custom reporting and system upgrades. It selected Kyriba and its SaaS treasury management solution after a rigorous RFP process, aiming for a more flexible and cost-efficient platform.

Kyriba implemented the solution in phases, with phase one live in under four months and integrated with banks and other financial data providers. Avery Dennison also worked with Kyriba to automate exposure collection and value-at-risk efficient frontier modeling, helping the company generate over $1 million in annual savings.

Avery Dennison

Ramón Tolk

Senior Director of Treasury