Atos Origin and Kyriba has Implemented PSA Peugeot Citroen's New Web-Based Cash Management System as Application Service Provider
PARIS, April 8 -- French carmaker PSA Peugeot Citroen selected Atos Origin to help reorganize and optimize its cash management processes. The new platform built and run by Atos Origin as an application service provider is based on the Kyriba cash management solution.
Atos Origin, the long-term commitment and flexibility of an international enterprise
The new platform is harmonizing cash management practices across sites and countries, strengthening automation of the global cash flow management chain with banks and the different accounting systems and providing secure workflows to and from subsidiaries. The expertise of Atos Origin teams along the entire value chain, their ability to integrate the customer's unique accounting environment and their international scope have all made Atos Origin the natural partner of choice for PSA Peugeot Citroen.
Hosted by Atos Origin as an application service provider (ASP), the Kyriba platform is being used by PSA Peugeot Citroen to manage the sharing of its cash management data around the world, regardless of data volumes or hardware systems. The Atos Origin and Kyriba solution also provides the added value of easy deployment and a Service Level Agreement (SLA). These features guarantee secure, uninterrupted service during the critical phases when cash positions are analyzed and financial decisions are taken.
Three months after system rollout, PSA Peugeot Citroen is already seeing initial benefits
"Three months after rollout, France and Spain are up and running. Cash management is more flexible, system features have been mastered, and reporting is reliable. The new platform ensures we get more transparency with a high level of security, uptime and flexibility. This first phase of implementation has been successful in France and Spain, the platform will soon be deployed in Belgium, Italy and Germany, then expanded throughout Europe and in the central and eastern European countries," explains Mr. Mulsant, director of cash management at PSA Peugeot Citroen.
Kyriba, innovative cash management solutions
The feature set of the Kyriba cash management solution was natively designed and developed to be used as a hosted ASP solution. Multi-lingual, multi-service and web-ready, the platform offers management and control tools as well as web-based reporting processes. The thin client-based workstations are flexible and responsive, enabling users to handle all their transactions via the Internet with no need to install or maintain the application on their station.
Synchronization with PSA Peugeot Citroen information systems enables automated data flows among the various functional environments. Synchronization helps to update cash positions in real time, with local or decentralized management that optimizes financial decisions and streamlines tracking. The synchronized interfaces can also automatically generate cash transfers in Edifact VSOT and AFB formats with electronic signatures through the Etebax 5 secure protocol, which are then transmitted electronically to banks.
Atos Origin, a core cash management services provider
The web-based cash management platform fits seamlessly with Atos Origin's Secured Flows Exchange (EFS) platform, which has been used for several years by PSA Peugeot Citroen. EFS ensures the daily interchange of data flows between the PSA Peugeot Citroen information system, the cash management platform and the automaker's banks in France and abroad. When combined with the cash management platform, EFS technology efficiently optimizes cash management so that PSA Peugeot Citroen can meld local management and global vision across the organization, flexibly, cost-effectively and securely.
About Atos Origin
Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues are more than EUR 5 billion and it employs over 46,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, AtosEuronext, Atos Worldline and Atos Consulting. For more information, please visit the company's web site at http://www.atosorigin.com/
About Kyriba
Kyriba Corporation is the market leader in real-time, web-based on-demand Cash Management. Kyriba empowers customers to achieve an economic advantage with treasury solutions that enhance visibility and operational control. Our very affordable ASP pricing and value packed cash management solution puts customers in control of their liquidity, forecasting and treasury management needs. Kyriba enables its customers to meet Sarbanes-Oxley 404 audit trail workflow and control requirements. Kyriba is a privately held company. Our investors include GRP Partners, Commerzbank AG and Mangrove Capital Partners. For more information visit the Kyriba website (http://www.kyriba.com/) or contact Kyriba's North American Headquarters at +1-858-764-2458 or Kyriba's European Headquarters at +33(0)1 55 33 34 00.