Case Study: Wanhua Chemical Group achieves 98% payment automation with Kyriba

Wanhua Reduces Its Manual Payments by 98% in Less Than Six Months

Wanhua Chemical Group, a global polyurethane manufacturer headquartered in Yantai with operations across China, Europe and more than ten countries, faced a fragmented finance landscape that relied on multiple e‑banking solutions and left payment records incomplete. Rapid overseas growth exposed shortcomings in group‑wide treasury management and increased exposure to payment risk, prompting the company to seek a scalable, centralized solution to improve security, controls and payment processing.

After selecting Kyriba’s cloud treasury platform, Wanhua integrated ERP and bank data, standardized payment templates and automated global payment routing. The implementation connected 13 overseas banks in five countries, automated 98% of payments, cut accounting entries by 50%, reduced manual work and delivered greater visibility and control over international treasury operations.

Wanhua

Zhang Shoujun

General Manager, Finance Department