Global treasury transformation with Kyriba, SAP, and Anaplan

The challenge 

A fast-growing global professional services firm faced increasing difficulty managing treasury operations across an expanding footprint of entities, banks, and enterprise systems. As the organization scaled globally, different processes took shape within regions, resulting in fragmentation, limited transparency, and expanding operational complexity across Treasury, IT, FP&A, and Accounting. 

What had once been manageable regional workflows became a high-volume, manually intensive global operation that struggled to scale efficiently or provide timely, reliable insight to finance leadership. 

Some of the biggest pain points included: 

• A large and complex local banking landscape: The organization operated across 28 global and regional banking partners, spanning multiple geographies and connectivity models. Differences in reporting formats, connectivity approaches, and data availability made it difficult to establish consistent cash visibility and delayed access to critical treasury information. As the banking footprint continued to grow, the lack of a standardized connectivity framework increasingly constrained scalability, transparency, and control. 
• Disconnected forecasting and data fragmentation: Forecasting inputs were distributed across multiple SAP environments, Anaplan models, and offline spreadsheets. With no centralized system of record, treasury faced frequent mismatches between forecasts and actuals, reducing confidence in liquidity planning and limiting the organization’s ability to rely on forecasts for decision‑making. 
• Manual, spreadsheet‑driven intercompany processes: Intercompany lending, interest calculations, and invoice netting were managed through disconnected, spreadsheet‑driven processes. These workflows required manual data extraction, calculations, and postings across systems, making them difficult to scale, time‑consuming to maintain, and challenging to audit as transaction volumes increased. 
• High‑volume manual journal entry processing: A large volume of journal entries related to FX activity, debt, and treasury transactions were created through manual and semi‑manual processes. As volumes increased, this approach became increasingly time‑consuming and difficult to sustain, driving the need for greater automation and tighter integration with SAP. 
• Payment governance and control gaps: The organization had experienced duplicate payment issues in the past due to decentralized payment execution across ERP systems and limited preventive controls. These gaps increased operational risk, required manual review and rework, and reduced confidence in payment governance as payment volumes scaled. 

The organization required an advisor to deliver a scalable treasury platform that would support an expanding global bank footprint, centralize cash visibility and forecasting, streamline intercompany funding, strengthen payment controls, and integrate seamlessly with the existing systems landscape.

The approach

Clearsulting partnered with the client to design and implement a fully integrated Kyriba treasury ecosystem, tightly connected to SAP and Anaplan. 

Key focus areas included: 

• Immediate IT and executive alignment: Clearsulting focused early on the future-state requirements across stakeholders, which allowed IT to begin work on SAP integrations for payments, journal entries, and forecast data at the onset of the project. By engaging these resources early in the project, Clearsulting de-risked critical IT integrations that would centralize data in the client’s future-state environment. 
• Scalable global bank connectivity framework: Clearsulting standardized bank connectivity across a large and diverse global banking landscape by defining consistent reporting and integration approaches aligned to bank capabilities. This improved the timeliness and consistency of bank statement and enabled the organization to scale its banking footprint without increasing operational complexity. 
• Centralized forecasting and data integration: Clearsulting integrated forecast data from SAP and Anaplan into Kyriba to centralize cash visibility and liquidity analysis, while preserving each system’s role in the forecasting process. Short‑term, transaction‑driven forecasts from SAP and longer‑term planning forecasts from Anaplan were layered in Kyriba alongside actual bank activity, improving forecast‑to‑actual reconciliation and enabling more consistent enterprise‑wide cash reporting. 
• In-house bank & intercompany transformation: Clearsulting designed an end-to-end process to automate intercompany balance tracking, monthly interest capitalization, and reporting, which fully replaced a manual, time-intensive spreadsheet-driven processes. Additionally, Clearsulting shifted intercompany loan tracking from discrete Excel documents to Kyriba, while centralizing and streamlining a manual netting process to eliminate manual AP/AR extraction and clearing entries. 
• Strengthened controls & fraud prevention: Fraud detection capabilities were deployed to prevent duplicate payments across ERP systems and enhance payment governance. Within the cash module, customized multi-layered batch modification processes were implemented to prevent duplicate forecasts between SAP and Anaplan and improve the reconciliation between forecast and actuals. 

The results

The implementation of a unified treasury architecture in Kyriba delivered measurable operational and financial improvements: 

• 342 bank accounts across 28 global and regional banks connected for prior-day reporting, significantly improving the accuracy of global cash position reports and reducing the time it took to produce them. Finance leadership could finally transition from reactive cash management to proactive liquidity planning, including the deployment of forecast scenario tools within Kyriba. 
• 1.65 million forecasts from SAP and Anaplan were seamlessly centralized in Kyriba for enterprise-wide cash visibility. The client was now able to rely on a single system to consolidate open AP and AR forecasts, forecasts generated from daily payments, and long-term estimates without fear of overlap and with dramatic reductions in their daily variance. 
• $1B+ in payments were integrated from SAP and processed through Kyriba in the first 6 months, enabling treasury and AP teams with full visibility into the status of payments throughout their lifecycle.  
• 12,000+ journal entries automated and exported to SAP, including the automated booking of FX trades and debt-related journal entries. What was previously a manual, time-intensive process could now be accomplished in minutes.  
• 100 – 200 hours of manual coordination were eliminated annually due to both automation of intercompany netting and in-house banking processes and the shift from a quarterly to a monthly cadence, enabling earlier reporting, improved liquidity management while enhancing the accuracy and control. 

The impact

Successfully navigating global treasury transformation requires leading-class technology paired with an advisor who can align diverse stakeholders, systems, and regional requirements into a cohesive strategy. Clearsulting brought that leadership to this engagement, guiding cross-functional teams through complexity to establish a unified, scalable operating model.  

Organizations facing similar challenges can partner with Clearsulting to bring clarity to complexity. Contact our team to learn how we can help design and implement a scalable, future-ready treasury function.