Cunningham Lindsey Group, a third-party loss adjuster based in Tampa that operates in 50 different countries, implemented a treasury workstation to automate what had been highly manual treasury processes.

Cunningham Lindsey's four-person treasury team was working with 52 controllers worldwide who provided cash forecasts and bank reporting via spreadsheets. Prior to implementing a workstation, treasury received weekly cash updates from just 25% of its entities worldwide, covering about 8% of its global bank accounts, and experienced an average variance of 20% on its cash forecasts.

The company selected Kyriba, says Elizabeth Ecsy, director of treasury, because its cash forecasting system "is fairly customized and fairly easy to use as well." Cunningham Lindsey also put in place SWIFT connections with all of its banks able to able to provide SWIFT reporting.

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