Case Study: Viatris achieves award-winning, automated FX risk management with Kyriba FiREapps

Viatris Addressed a Complex FX Environment with an Impressive Technology Solution

Viatris, formed in 2020 from the merger of Mylan and Upjohn, inherited a complex foreign‑exchange environment with multiple ERPs, decentralised and manual exposure reporting, a single treasury resource for FX management, and time‑consuming manual trade confirmations. The new global treasury team needed to redesign and scale FX risk management to support the combined organisation efficiently and accurately.

The team created a treasury centre of excellence, hired dedicated staff, and implemented FiREapps to link ERPs with Alteryx for automated exposure delta analysis, then routed hedge recommendations through FXall into the FIS Integrity TMS with straight‑through processing and automated confirmations. The result was a centralised, automated FX risk framework with updated policy, faster and more accurate exposure reporting, reduced errors and manual intervention, cost and headcount savings, improved KPIs and a scalable solution for future growth.

Viatris

Arijit Dasgupta

Assistant Treasurer