Paris, 75009,
France
Utsit
Utsit, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Utsit 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 |
|---|---|---|---|---|
| Utsit | Kyriba | Kyriba Treasury | Treasury Management | TRM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
|
|
Aldes Groupe | Manufacturing | 1900 | $300M | France | Kyriba | Kyriba Treasury | Treasury Management | 2012 |
In 2012, Aldes Groupe implemented Kyriba Treasury with Utsit to centralize its cash operations and establish a single platform for group treasury activities. Kyriba Treasury is used as the companys Treasury Management application to provide consolidated cash visibility and operational control across Aldes Groupe and its subsidiaries.
The implementation covered functional cash and liquidity management, payment processing, and integrated bank reporting as core modules. The project included configuration of forecast collection, daily consolidated cash positions, automated payment processing for supplier payments and wages, and bank reporting workflows to replace disparate point solutions.
Bank connectivity and operational coverage were restructured so that subsidiaries no longer relied on multiple web banking portals, and instead enter forecasts and issue a daily real-time consolidated position through Kyriba Treasury. The corporate treasury team uses the single application to access account statements and worldwide balances each morning, and to manage group liquidity including drawing on a medium-term line of credit when required.
Governance and process transformation were formalized during the rollout, mapping the banking network and streamlining banking relationships while reproducing internal controls within Kyriba Treasury. A multi-step approval workflow was implemented with an initial validation by the subsidiary director, a second validation by treasury, and a final authorization by the CFO or a member of the Management Committee, combined with compartmentalized roles, administrative rights, and IT and finance security coordination.
The deployment delivered explicit outcomes described by the company, including global cash visibility, improved operational control to minimize fraud, time savings and operational flexibility, and a strengthened cash culture across the organization. Daily use of Kyriba Treasury became part of routine treasury operations and increased subsidiary engagement with cash management and risk visibility.
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Buyer Intent: Companies Evaluating Utsit Services
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