Case Study: Şişecam achieves real-time cash visibility and faster, secure payments with Kyriba

How Şişecam Took Control of its Cash and Payments

Şişecam, a Turkey-based glass and chemical manufacturer with operations in 14 countries and sales to 150 markets, faced fragmented cash management and inefficient payment processes: subsidiaries managed payments in disparate ERPs, reporting was monthly and manual, and payments relied on FTP plus fax/email sign-off, causing delays and limited real‑time visibility. The group also needed stronger fraud controls and faster onboarding for new entities and banks.

Şişecam implemented Kyriba’s cloud TMS to centralize cash visibility, receive SWIFT MT940 statements, enforce ERP‑driven payment orders, enable digital multi‑factor approvals, and deploy a fraud‑detection module. The result: up-to-date global cash positions with three years of transactional history, 1,000 bank statements delivered daily, payment execution cut to 8–15 minutes, rapid onboarding of partners, secure remote approvals during COVID‑19, and real‑time fraud prevention.

Şişecam

Baris Gokalp

Treasury and Finance Director