Wednesday, March 8, 2017

TAN CHONG MOTOR HOLDINGS BERHAD BRINGS ON KYRIBA TO ENHANCE CASH AND RISK MANAGEMENT

SINGAPORE, March 7 (Bernama-BUSINESS WIRE) -- Kyriba Corp., the global leader in cloud-based treasury, cash, risk and payment management solutions, today announced TMC Services Sdn Bhd, a subsidiary of Tan Chong Motor Holdings Sdn Bhd (TCMH), signed with Kyriba SEA, a subsidiary of the U.S. company Kyriba Corp., 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. The combined suite of Fintech solutions from Kyriba will digitize their treasury function and add strategic value to the organization.

"Our organization is rapidly growing, and as we are impacted by the fluctuations in currency markets, we require a secure, cloud solution that will give us greater financial controls, greater visibility into our cash, and secure our compliance obligations," said Mr. Wan Chun Shong, TCMH Group Treasurer. "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."
http://mrem.bernama.com/viewsm.php?idm=28620

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