Suntory Global Spirits has successfully automated its treasury center in Madrid. This project, carried out by the financial consulting firm All CMS and using Kyriba’s Treasury Management System (TMS), represents a significant advance in the company’s financial optimization, allowing the centralization and automation of its financial operations.

«Adopting a TMS with All CMS, a Kyriba-certified partner, gave us the peace of mind of implementing a solution that we were already familiar with from our colleagues in Chicago. This implementation has improved the efficiency of the financial department, which has resulted in greater precision and agility of financial information for making business decisions in an environment as dynamic and competitive as that of beverages,” comments Carlos Zapatero, International Treasury Manager of Suntory Global Spirits, commented.

Challenges and Needs Suntory Global Spirits

In 2022, Suntory Global Spirits faced several challenges in managing its treasury due to the dispersion of its financial operations across multiple subsidiaries and two treasury centers: one in Chicago and the other in Madrid. The management of intercompany loans and the administration of payments in the 30 countries where the company operates added complexity to financial management.

Additionally, reliance on manual tools like Excel led to repetitive tasks and a high margin of error, posing an urgent need for improvement and automation in finance department tasks.

Suntory Global Spirits successfully automates its international treasury center located in Madrid

Implemented Solution

To address these challenges, the company decided to implement a Treasury Management System (TMS) with the help of consulting firm All CMS for its European treasury center. By opting for the same solution used at its Chicago headquarters, Kyriba, the company was able to automate key processes such as banking position control and intercompany operations, eliminating dependence on manual tools.

Furthermore, the integration of the TMS with the ERP system, SAP in this case, allowed for more flexible accounting and simplified payment management through direct connection with banks.

Key Benefits

The results of the implementation of the TMS have been very positive:

  1. Elimination of repetitive tasks: Process automation freed the finance team from administrative tasks, allowing them to focus on higher value-added activities.
  2. Greater security: The solution guarantees the integrity of financial data, minimizing the risk of human error.
  3. Integration with ERP (SAP): The TMS was seamlessly integrated with the existing system, ensuring consistency and flexibility in transaction posting.
  4. Payment management simplification: Direct communication with banks streamlined payment, authorization and control processes.
  5. Operational efficiency: The elimination of human errors and process automation significantly improved the efficiency of the financial department.
  6. More informed decision making: Access to centralized financial information in real time facilitated more agile and accurate decision making.
Alex Chen
Alex Chen

Alex Chen serves as the chief editor of Asia Tech Journal, bringing over a decade of experience in technology journalism. Previously writing for several globally renowned publications, Alex is celebrated for his insightful analyses and in-depth reporting on tech trends across Asia. Passionate about innovation, Alex specializes in the dynamic technology ecosystem of China and its global impacts.