Case Study: Polestar achieves real-time cash visibility and streamlined treasury operations with Kyriba

Polestar Optimizes its Treasury Journey & Enhances Operations

Polestar, the Swedish electric vehicle manufacturer owned by Volvo Cars, was struggling to gain real-time visibility into cash positions because it depended on previous-day bank statements delivered by file transfer. To modernize daily treasury operations, Polestar partnered with Kyriba and Citi Bank using Kyriba’s Bank API connectivity.

Kyriba implemented a customized intraday data setup, integrated complex flow changes, and provided training to Polestar’s team. As a result, Polestar achieved up-to-the-minute cash visibility, automated bank statement retrieval, and improved treasury efficiency and flexibility without affecting platform performance.

Polestar

Johan Törnquist

Middle Office Analyst