Case Study: International Luxury Group achieves consolidated global cash visibility and centralized treasury with Kyriba

International Luxury Group - Customer Case Study

International Luxury Group (ILG) is a Swiss-based luxury fashion and accessories manufacturer and distributor active in 90 countries, with brands across watches, eyewear, jewelry and leather goods. ILG faced fragmented cash positions and idle cash across multiple entities, banks and currencies, which limited visibility, forecasting and control of group-level liquidity.

ILG selected Kyriba’s cloud treasury solution (implemented July 2015 and live in under three months) to centralize cash management, bank connectivity, forecasting and FX hedging. The rollout connected nine banks and 16 entities, improved consolidated cash visibility and controls, reduced fraud risk, optimized working capital and leverage, and increased operational efficiency and bottom-line performance.

International Luxury Group

Hozefa Kapasi

Group Treasurer