Singapore, March 7- Tan Chong Motor Holdings Bhd has signed up an agreement with Kyriba SEA to bring on Kyriba’s treasury management solutions for cash management, cash forecasting, risk management and bank connectivity with SWIFT Alliance Lite2 for Business Applications.
“Our organisation is rapidly growing and we require a secure, cloud solution that will give us greater financial controls, greater visibility into our cash, and secure our compliance obligations,” said TCMH Group Treasurer Wan Chun Shong.
“We also need world-class, extensive bank connectivity to optimize our treasury operations across ASEAN. After exhaustive research, we found that Kyriba exceeded our requirements,” he added.
“We are honoured to be selected by TCMH’s treasury team, an award winning Malaysian conglomerate and automotive group,” said chairman and CEO at Kyriba Corp., Jean-Luc Robert.
Jean-Luc also noted, “The complexities of managing multiple global entities can be daunting for a treasury team. The advantages of bringing automation into treasury operations and implementing systematic processes can add more opportunity for the strategic function of finance professionals.”