Game-changing treasury transformation for a global sports powerhouse

The challenge 

A globally recognized sports and entertainment organization was managing cash, payments, and bank relationships across a highly complex and expanding footprint. Without a treasury management system (TMS), it relied on an expensive third-party connectivity tool to send bank statements to its ERP (SAP) and manage payment formatting. Beyond that, core treasury processes were mostly manual and split between Excel-based trackers and numerous bank portals. 

This fragmented operating model created inefficiencies across the function. Generating a consolidated global cash report required significant manual effort. Payments required navigating multiple portals. Other critical activities, including tracking bank authorities, managing and accounting for intercompany loans, and producing short- and long-term forecasts, were dependent on spreadsheets, increasing operational risk and limiting scalability. 

With continued global growth projections and plans to expand its already-extensive banking network, the organization needed more than incremental improvements. It required a centralized, scalable treasury platform to standardize operations, improve visibility, and reduce reliance on manual processes, bank portals, and costly point solutions.  

The approach 

Clearsulting partnered closely with the client’s treasury, finance, and IT leadership to define a future-state operating model built on standardization, automation, and scalability, enabled by Kyriba.  

Clearsulting began with a comprehensive assessment of the organization’s existing bank connectivity landscape, ERP integrations, and manual workflows. This allowed us to identify inefficiencies, uncover opportunities for consolidation, and design a solution aligned with both current needs and future growth. 

From there, we designed a phased implementation strategy designed to minimize disruption while delivering measurable value early. Initial efforts focused on high-impact capabilities, including bank and ERP connectivity, payment centralization, and cash visibility, laying a strong foundation for broader transformation.  

Throughout the implementation, Clearsulting worked side-by-side with cross-functional teams to validate integrations, streamline complex data flows between banks, Kyriba, and SAP, and ensure the solution reflected the needs of the treasury team. This collaborative, tailored approach enabled a smooth transition to Kyriba, but also positioned the organization for continued innovation and scalability. 

The results 

By implementing Kyriba as a centralized treasury management system, Clearsulting helped transform liquidity management, payments, and reporting across the enterprise, delivering both immediate efficiencies and long-term strategic value. 

Key outcomes included:

• End-to-end connectivity and integration: Centralizing all banking activity through Kyriba with a single link between Kyriba and SAP for all data transmissions. Over 70 unique SAP-Kyriba integrations were designed and validated, covering bank statements, payments, acknowledgements, positive pay files, and lockbox files. 
• A single source of truth for payments: Consolidating treasury and AP payments through Kyriba eliminated reliance on legacy bank connectivity and manual payment processes. 
• Real-time cash visibility and forecasting: Automating cash positioning and liquidity forecasting across 17 global banks created a centralized, real-time view of global cash. In one quarter alone, more than 50,000+ transactions were automatically categorized and tracked in Kyriba.  
• Replacement of manual processes with controlled workflows: Transitioning Excel-based trackers to system-managed processes for bank authorities, intercompany loans, and financial instruments that centralized over 200 financial deals and 700 bank authorities into an auditable system. 
• Expanded liquidity ecosystem: Seamlessly integrating external platforms like ICD, Morgan Money, and FXall, with automated settlements to optimize liquidity across cash, debt, and investments. 

This transformation fundamentally reshaped the global sports and entertainment organization’s treasury operations by delivering standardized global processes, significantly reducing manual effort, and strengthening control, visibility, and scalablity.  

By combining Clearsulting’s deep treasury expertise with a pragmatic and tailored approach, we enabled a world-class organization to modernize its treasury function and build a platform for continued growth.  

Ready to transform your treasury operations? 

If your organization is navigating complex banking relationships, daunting manual processes, and limited cash visibility, Clearsulting can help you move faster and with confidence.  

Connect with our team today to explore how a modern treasury ecosystem and platform can unlock efficiency, control, and strategic insight to help you build a winning playbook for scalable growth.