UK-based rigid plastic packaging provider RPC Group has selected Kyriba to provide its Kyriba Enterprise SaaS (Software-as-a-Service) treasury management system.
The system will enable RPC to improve its cash visibility, reduce operational risk. Reports across the company's network of more than 150 bank accounts will also be streamlined.
The treasury department of the packaging company will utilize Kyriba's system for different applications. They include cash and liquidity management, bank reporting, as well as financial transaction management, including debt, FX and investments.
RPC Group European finance controller Carl van Gel said the company has operations around the world and deals with multiple currencies and banking partners.
"As we are a small treasury team, we need a system which could reliably and accurately automate most of the manual, operational tasks, enabling the team to focus on more strategic initiatives," Gel added.
Kyriba UK head Andrew Burns said that spending most of the day on manual tasks simply is not an option.
"By streamlining and automating key operational processes, such as bank reporting and cash management, Kyriba can help RPC's team focus on more strategic tasks and deliver proactive treasury management for the company," Burns added.
Established in 1991, RPC provides plastic packaging solutions for food, personal and health care industries.
The firm produces products such as food tubs, jars, trays and bottles, coffee capsules, cosmetics jars, dispensers, sticks and tubes, personal care bottles and jars, paint and chemicals pails and jerrycans.
With around 50 operations in 19 countries, the company employs around 11,000 people and has annual sales of more than £1.1bn.
