Case Study: Spotify achieves an agile, centralized and secure global treasury with Kyriba

Spotify Makes Treasury Music

Spotify, the Stockholm-based streaming service founded in 2006 with roughly €3bn in revenue, needed to transform its treasury to support rapid global expansion. The treasury team faced challenges around fragmented banking relationships, manual spreadsheet processes, limited visibility, and the need for a secure, scalable solution that integrated with existing systems.

Spotify implemented Kyriba and joined the SWIFT network to centralize bank reporting, automate cash positioning and payments, integrate payments and GL flows with its ERP, and deploy cloud FX and hedge-accounting capabilities. The result was a centralized payments factory with daily reconciliations and stronger segregation of duties, reduced manual work and fraud risk, improved cash visibility and controls, and a scalable treasury platform ready to support further growth.

Spotify

Johan Bergqvist

VP, Corporate Finance & Treasury