Case Study: Pernod Ricard achieves digital treasury transformation with Kyriba

Pernod Ricard unifies treasury across 160 markets with Kyriba

Pernod Ricard, a global wine and spirits group, faced a challenge with its outdated and overly customized treasury management system that had been in place for 20 years. The cumbersome system hindered the transformation of their treasury function and was difficult to manage, prompting a need for new technology. They sought a solution to standardize processes and support a more agile team structure, leading them to partner with vendor Kyriba for its SaaS treasury solution.

The solution implemented by Kyriba provided Pernod Ricard with a single tool to manage all foreign exchange, commodity derivatives, and internal and external financing. A major achievement was the automation of the netting process for currency hedging, which consolidated thousands of monthly invoices. With Kyriba, Pernod Ricard streamlined its processes, enhanced operational efficiency, and gained greater visibility, mobility, and security of its cash across its global operations.

Pernod Ricard