Case Study: Leading Gas & Oil Company achieves improved cash visibility, faster forecasting and 50% fewer journal entries with Kyriba

How Kyriba Helps the Oil and Gas Industry

Kyriba worked with an oil and gas client that faced strict governmental accounting and financial controls but relied on manual, error-prone processes. The company needed a web-based solution to improve cash visibility, intercompany loan and bank account management, payments, and cash forecasting so the treasury team could be more efficient and more analytical for the business.

Kyriba Enterprise delivered automated payments, cash forecasting, signatory management, cash pooling and in‑house banking, eliminating manual re-keying and disparate systems. Results included faster, bank-ready payments; more accurate forecasts that enabled strategic cash decisions; automated control of 300 accounts across four banks; management of 100+ intercompany loans with a 50% reduction in journal entries; process times cut from days to hours; and improved compliance and confidence.