Exolum optimizes its global treasury with All CMS Consulting and the Kyriba Platform

 

Exolum, recognized for operating the largest oil pipeline network in Europe And due to its firm commitment to sustainability, it transports and stores a wide range of liquids and gases, including refined products, chemicals, and biofuels. With a presence in 11 countries —Spain, United Kingdom, France, Germany, Netherlands, Portugal, Ireland, USA, Panama, Ecuador and Peru—, the company's global expansion had intensified the complexity of its treasury management.

 

The need for a consolidated view of financial flows and the ability to adapt to the diverse regulatory frameworks of each country prompted Exolum to revamp its systems. The previous treasury tool, already outdated, limited integration with other systems and relied heavily on manual processes. Furthermore, Exolum required a solution. scalable that could keep pace with its growth and meet the challenges of financial digitalization.

 

After a thorough market analysis, Exolum selected Kyriba, a SaaS-based treasury management platform, whose implementation was led by All CMSKyriba's ability to integrate with existing systems and its scalability were decisive factors in this choice. Thanks to its flexible architecture and advanced features, the platform enables the optimization of cash, payments, and liquidity management on a global scale.

 

The implementation process began in Spain, where the tool is already operating at full capacity, significantly improving the efficiency of financial processes and simplifying treasury management. The implementation in the rest of the group's subsidiaries is being carried out in phases, ensuring a gradual and seamless adaptation. Close collaboration between the Exolum business team and All CMS consultants has been crucial in adapting the tool to the group's local and international requirements.

 

María Mangas, Head of Treasury for Exolum's Aviation & Spain Network (BU), highlighted the agility of the process: "Implementation times have been short, thanks to the consultants' knowledge and experience. Their ability to adapt the software to our needs has been key to the project's success.". For its part, Dora Valdés, Project Developer for Exolum's Global Finance team, emphasized his confidence in the team: “The trust placed in the All CMS implementation team, coupled with the commitment of the business team, gives us the necessary confidence to undertake the global expansion of the project. Thanks to the excellent work done so far, we are in a solid position to plan implementation in other regions, with the resources and approach necessary to ensure success at every stage.”

 

The project team has been instrumental in overcoming technical challenges and ensuring a smooth transition. Their experience in financial digital transformation projects has allowed Exolum to adopt a solution that not only optimizes daily operations but also fosters the development of Good practices in global treasury management.

 

Key results and benefits:

 

• Greater efficiency: Process automation and systems integration have freed the finance team from manual tasks, allowing them to focus on higher-value, strategic activities.
• Error reduction: The precision and reliability of the processes have drastically reduced the possibility of errors, raising the quality of financial information.
• Better visibility: The tool provides a comprehensive view of cash flows, facilitating more effective financial planning and data-driven decision-making.
• Greater control and security: Advanced auditing capabilities and enhanced access controls have strengthened the security of financial data, mitigating operational risks.
• Scalability and adaptability: The implemented solution is prepared to support the company's future growth and adapt to changing business needs.

 

With the success of this initial phase, Exolum will continue Kyriba's global expansion, anticipating replicating the benefits across all its companies. The company is confident that this digitalization process will contribute to more efficient financial management. agile, transparent and aligned with industry best practices.

 

This project underlines Exolum's commitment to the innovation and continuous improvement in financial management. With the platform's global expansion, the company consolidates its leadership in the sector, ensuring robust, agile, and future-oriented financial management.