Case Study: A. Schulman achieves $2.5M annual bank-fee savings and a $91M in-house cash pool with Kyriba

Leveraging Technology to become a "Smart Treasury"

A. Schulman, a $2.5B global plastics supplier, launched a 2014 treasury transformation to centralize treasury activities, improve controls and visibility, and support evolving business and regulatory needs. The treasury team partnered with PwC to evaluate options and determined their existing systems could not meet future needs, prompting a replacement of their TMS as part of a broader effort to standardize cash, banking, liquidity and risk processes.

They implemented Kyriba’s SaaS TMS, rationalized banking to three partner banks, adopted XML/CAMT messaging, and established an in-house bank with zero balancing and a multi‑currency notional pool to automate intercompany flows and ERP postings. Results included $91M pooled cash, $2.5M annual bank‑fee savings, $500M of intercompany payments netted per year, closure of 84 external accounts (reducing banks from ~28 to 3), 1–1.5 FTE efficiency gains, and improved cash visibility, lower borrowing costs and tax efficiencies.

A. Schulman

Nicolas Tusseau

Global In-House Bank Manager