Case Study: Oilibya achieves 80% efficiency gains and 20% cost reduction with Kyriba

How Treasury Centralization is Helping Oilibya Increase Efficiency by 80% and Reduce Costs by 20%

Oilibya, a Dubai‑headquartered energy group operating in 18 countries with over 1,100 service stations and 250,000 daily customers, faced a decentralized treasury spanning 34 affiliates, 20 currencies and 105 banks processing 400,000+ transactions a year. Treasury relied on manual spreadsheet downloads and late, inaccurate cash positions, which created operational inefficiencies, data errors, poor liquidity and FX visibility, and made financing decisions and fee control difficult.

Oilibya implemented Kyriba’s cloud treasury management solution to centralize cash visibility, automate forecasting, reconciliation and intercompany cash flows, and control bank charges and trade finance. The company expects roughly an 80% improvement in operational efficiency and about a 20% reduction in operational costs, along with more timely liquidity and FX risk insight and stronger decision‑making.

Oilibya

Abdessalem Lassoued

Group Treasurer