Case Study: Mantrac Group achieves $2.4M cost savings and streamlined treasury with Kyriba

Streamlining Treasury in Complex Markets

Mantrac Group, a Mansour Group company and authorized Caterpillar dealer operating across 10 countries in the Middle East, Africa and Russia, faced a fragmented treasury with nearly 100 banks, over 700 accounts across 13 countries and about 50 e‑banking platforms. Reliance on manual processes limited cash visibility, created control and operational risks, increased FX and bank fees, and made it difficult to deploy excess cash to pay down debt.

After evaluating eight systems, Mantrac selected Kyriba and implemented a two‑phase TMS, onboarding 140 users and integrating procurement and ERP systems. The project consolidated banks to under 20 and accounts to 300, cut $1.6M in bank fees, delivered $800K in annual value from efficiencies and cheaper electronic payments (totaling $2.4M in savings), and delivered improved cash visibility, forecasting, controls and fraud mitigation.

Mantrac Group

Roshun Tulkens

Group Treasurer