Kyriba Corp., the global leader in cloud-based treasury, cash, risk and payment management solutions, today announced TMC Services Sdn Bhd, a subsidiary of Tan Chong Motor Holdings Sdn Bhd (TCMH), signed with Kyriba SEA, a subsidiary of the U.S. company Kyriba Corp., to bring on Kyriba’s treasury management solutions for cash management, cash forecasting, risk management and bank connectivity with SWIFT Alliance Lite2 for Business Applications. The combined suite of Fintech solutions from Kyriba will digitize their treasury function and add strategic value to the organization.
“Our organization is rapidly growing, and as we are impacted by the fluctuations in currency markets, we require a secure, cloud solution that will give us greater financial controls, greater visibility into our cash, and secure our compliance obligations,” said Mr. Wan Chun Shong, TCMH Group Treasurer. “We also need world-class, extensive bank connectivity to optimize our treasury operations across ASEAN. After exhaustive research, we found that Kyriba exceeded our requirements.”
“We are honored to be selected by TCMH’s treasury team, an award winning Malaysian conglomerate and automotive group,” said Jean-Luc Robert, chairman and CEO at Kyriba. “The complexities of managing multiple global entities can be daunting for a treasury team. The advantages of bringing automation into treasury operations and implementing systematic processes can add more opportunity for the strategic function of finance professionals.”