Reston, 20194, VA,
United States
Actualize Consulting
Actualize Consulting, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Actualize Consulting collaboration with software players such as Kyriba empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
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| Actualize Consulting | Kyriba | Kyriba Treasury | Treasury Management | TRM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight | Insight Source |
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Bally's | Leisure and Hospitality | 10500 | $2.3B | United States | Kyriba | Kyriba Treasury | Treasury Management | 2023 | In 2023, Bally's implemented Kyriba Treasury as its Treasury Management solution to automate statement reporting and payment initiation across its group. The deployment targeted 19 legal entities, 63 active bank accounts and 43 users who collectively initiate roughly 289 payments per month, a volume that had previously required one full time equivalent for manual portal entry. The implementation centers on an event driven integration layer and payment messaging orchestration, built as custom middleware code developed by Actualize Consulting and hosted on Amazon Web Services. Event based serverless functions capture scheduled triggers from Kyriba Treasury to request account statement details, transform returned data into CAMT.053 statement format and upload statements into Kyriba. For payments, PAIN.001 payment request messages originating in Kyriba Treasury trigger immediate conversion to the FreemarketFX API format for initiation, with payment status messages returned via API or webhook and converted back into PAIN.002 PSR messages to update Kyriba. Architecturally, Bally's Enterprise IT manages the AWS resources and secures the brokered connection between Kyriba and FreemarketFX, because FreemarketFX requires a REST API and is not on Kyriba's vendor roadmap for a native connector. The design uses ISO 20022 formats to standardize message handling and to simplify future connections with other financial services providers. Advanced logging and monitoring parse AWS generated logs to extract discrete error codes, enabling configurable notifications without changing the integration code. Governance and operational controls were defined to centralize integration ownership in Enterprise IT, enable self service open connectivity protocols, and allow Kyriba Treasury to report balances and transactions for Freemarket held accounts while initiating funds movement with near real time status. The solution was Highly Commended at the Adam Smith Awards 2023 for Best Emerging Technology Solution. Explicit benefits called out by the project include cost savings, process efficiencies, increased automation, reduced errors and increased system connectivity, and the approach reduces dependency on a third party integration platform as a service. | |
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Warner Bros. Discovery | Media | 35000 | $39.3B | United States | Kyriba | Kyriba Treasury | Treasury Management | 2022 | In 2022, Warner Bros. Discovery implemented Kyriba Treasury to centralize and standardize its Treasury Management capabilities as part of a post-merger treasury overhaul. The deployment addressed immediate scale and complexity challenges after the merger, consolidating visibility across more than 2,000 bank accounts, roughly 100 banking relationships, and five distinct ERP systems into a single treasury platform. The Kyriba Treasury implementation leveraged the platform's single central database to interconnect cash, payments, forecasting, accounting, and risk modules. Functional capabilities implemented included Kyriba cash module with centralized bank statement ingestion, cash forecasting and cash accounting, bank account management with FBAR tagging, payments workflow and country-specific payment approver routing, Advanced FX solution for exposure identification and trade execution, hedge accounting to accelerate mark-to-market revaluations, and journal automation to post entries back to ERPs. Integrations were planned and executed at scale, with the project identifying at least 14 integrations that included multiple ERP connections, a SWIFT service bureau and SWIFT BIC connectivity, FX trading feeds such as FXall, Bloomberg market data feeds, and settlement imports. Warner Bros. Discovery routed 99 percent of banks through the SWIFT service bureau into Kyriba Treasury to enable on-demand multi-currency cash position reporting by bank, currency, and counterparty, and to eliminate manual statement downloads and token usage. Actualize Consulting served as the implementation partner and the rollout was governed by a cross-functional steering committee that included accounting, IT, Tax, Legal, Procurement, and banking partners. The program used hard deadlines tied to the merger completion, staged planning to define future state processes and resource requirements, and proactive bank engagement to secure integration resources. Process redesign created a single regional cash position, standardized tagging logic to map bank data into budget codes, and formalized ownership of treasury workflows across the merged organization. The transformation delivered explicit operational outcomes documented by the project team, including automated trade processing and hedge exposure identification, hedge accounting revaluations compressed from multiple days to hours, journal automation eliminating manual GL postings for debt and FX transactions, and enhanced FBAR and regulatory reporting. Warner Bros. Discovery won Kyriba’s Implementation of the Year award and positioned its Treasury Management organization to support corporate cost synergy targets, while realizing productivity improvements and material cost savings reported by the implementation stakeholders. | |
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FEMSA | Consumer Packaged Goods | 394010 | $41.7B | Mexico | Kyriba | Kyriba Treasury | Treasury Management | 2022 | In 2022, FEMSA implemented Kyriba Treasury, adopting Kyriba Treasury as its primary Treasury Management application. The project was executed with Actualize Consulting and focused on establishing a centralized treasury program and standardized operational workflows for FEMSA treasury analysts. Configuration efforts emphasized core Treasury Management capabilities including cash visibility, payments orchestration, bank file format testing, and role based user provisioning within the Kyriba Treasury instance. Actualize Consulting conducted payment testing using the XMLPain_03 payment format and consolidated payment profiles, transaction codes, and cash flow codes as part of the rollout, using payment formats approved by major banks such as JPMorgan, Bank of America, and Citi. The engagement included hands on training of FEMSA treasury analysts and the establishment of day to day operational procedures and governance for the Kyriba Treasury environment. Actualize applied implementation patterns from other engagements, including Cash Accounting and recurring General Ledger mapping configured for peers, to inform FEMSAs operational setup and user workflows. | |
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Retail | 7000 | $2.1B | United States | Kyriba | Kyriba Treasury | Treasury Management | 2020 |
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Manufacturing | 13000 | $3.0B | Canada | Kyriba | Kyriba Treasury | Treasury Management | 2020 |
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Professional Services | 13500 | $3.5B | United States | Kyriba | Kyriba Treasury | Treasury Management | 2019 |
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Manufacturing | 7000 | $2.2B | Canada | Kyriba | Kyriba Treasury | Treasury Management | 2019 |
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Professional Services | 9000 | $2.6B | United States | Kyriba | Kyriba Treasury | Treasury Management | 2018 |
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Consumer Packaged Goods | 146910 | $23.9B | Mexico | Kyriba | Kyriba Treasury | Treasury Management | 2018 |
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