Cga Case Study Solutions

Case Study I - High-End Spa and Personal Care Company with Multiple Locations Required Streamlining and Talent Management Planning:  The shareholders of a high-volume, high-end spa and personal care company with multiple locations needed to consolidate their spa tracking systems and create adequate monthly and quarterly financial reporting.  Learn more...

Case Study J - International Retailer Retains CGA to Design and Manage US Business Operations:  A large international retailer entered the US market and required a full suite of services to open and operate their flagship store, in addition to creating a clear nexus with their European headquarters.  Learn more...

Case Study K - Freight Forwarding Service Obtains CGA to Develop a Patent for its Unique Shipping Model:  A freight-forwarding service found a way to optimize their services and provide customers with a less expensive and greener method of transportation.  Learn more...

Case Study L - International Communications Company Requires Consolidation for Newly Acquired US Entities:  An international public communications company was strategically positioned to open its US market and acquired a few smaller companies in the US.  Learn more...

Case Study M - Multinational High-End Furniture Company Engages CGA to Re-Organize its US Operations:  A high-end company, operating in North America, Europe and Asia, was experiencing critical issues with their US operations.  Learn More...

Case Study N - Asset Based Lender Crossing Borders: A US-based ABL wished to explore cross-border opportunities but lacked the in-house resources to analyze foreign companies in domestic and foreign jurisdictions.  Learn More... 

Case Study O - Faster, More Comprehensive, Reliable Output for Private Equity Investment Firm:  A rapidly growing Private Equity Investment Firm, with offices in New York, London, Shanghai and Milan, was looking for a solution to perform faster and more comprehensive due diligence on existing and prospective portfolio companies.  Learn More...

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“By combining Kyriba’s feature-rich functionalities with our industry expertise, we offer our customers innovative and quickly operational Supply Chain Finance solutions, in a global context.”

About Compagnie Générale d’Affacturage (CGA)

CGA is a specialist in the field of business trade credit (accounts receivable financing, management and collection of receivables, and hedging against overdue payments), as well as universal factoring, and has developed a wide range of products to meet the needs of a variety of businesses. CGA has been a wholly-owned subsidiary of Groupe Société Générale since 1974.

CGA is the fifth-largest player in the French factoring market. It operates globally, through the network of Groupe Société Générale subsidiaries. 

Challenges

Noticing that companies are increasingly looking for innovative, global solutions to finance their suppliers, CGA decided to strengthen its range of supply chain finance (SCF) and reverse factoring solutions for corporations and their global suppliers. As the SCF programs gained popularity and the volume of financing on these programs increased, it was critical for CGA to automate and securely manage all financial flows to provide its customers a robust and feature-rich platform.

In searching for a robust supply chain finance solution, CGA’s key requirement was to support true globalization for customer/supplier workflows. This was critical, as CGA’s solution had to have the ability to manage operations in a multi-country context, with multiple principals, language, currency, and banks to support liquidity to the clients supply chain. It was also essential that the solution be offered, as one instance, by all factoring entities of Groupe Société Générale (11 entities based in 11 countries), under the coordination of CGA. In addition, the platform had to be web-enabled without any technical support required by CGA’s clients or their suppliers during the deployment or ongoing operations.

Kyriba Solutions

After evaluating various solutions, CGA chose Kyriba’s SaaS-based supply chain finance module. CGA has “white labeled” Kyriba’s SCF module as the technology solution for implementing SCF programs globally for its clients.

Kyriba’s SCF module required very little integration effort from CGA’s IT department. CGA clients have access to the same SCF functionality as Kyriba clients, and Kyriba’s security protocols ensure clients’ data is secure and segregated.

The robustness of the Kyriba platform, in addition to its deep functionality and SaaS deployment model, enabled CGA to establish strong, strategic relationships with its clients. Kyriba has more than 700 clients in more than 50 countries using various modules of its platform. The platform is audited annually and is subject to the SSAE 16, SOC 1 and SOC 2 regulations. Furthermore, security levels and system availability are consistent with current banking regulations.

Kyriba provided CGA with a highly secure, scalable platform. Synergies between SCF features, treasury management and payment functions are also an asset for CGA, which understands the interdependency of the treasurer’s functions. 

The Supply Chain Finance Platform

Kyriba’s supply chain finance platform includes both payables financing (reverse factoring) and dynamic discounting.

Reverse Factoring

Reverse factoring is a multi-bank portal that connects buyers, suppliers and banks within a single integrated platform that enables early payment financing of suppliers’ invoices. The solution delivers complete visibility on invoices approved by the buyer, allowing suppliers to request early payment financing of one or more invoices from participating banks or factors. As a multi-bank portal, Kyriba helps to reduce credit risk and credit limit constraints related to a single-bank program.

Dynamic Discounting

Kyriba’s dynamic discounting module supports buyers in managing self-funded early payment discount programs for suppliers. Dynamic discounting programs enable buyers to earn risk free returns on their available liquidity, while offering the opportunity to suppliers to receive cash earlier than the contracted payment date. As the buyer uses their own cash, it represents a ‘cash optimization’ opportunity for the Treasurer since the effective rate of return on the early payment would be superior to other available alternatives.

Within Kyriba, suppliers are offered a discount rate by the buyer that is dynamically calculated for the term of the invoice, meaning the earlier the payment the greater the discount. This is a voluntary election by suppliers, where they can more effectively plan for their own working capital needs. In addition to the opportunity to optimize cash returns, the workflow automation within Kyriba significantly reduces the administration time and effort for the Buyer to manage a global Dynamic Discounting program.

About Kyriba Enterprise

Kyriba’s flagship product, Kyriba Enterprise, is the most adopted Software-as-a-Service treasury management solution in the global market.  Fully in the cloud, Kyriba Enterprise offers the most breadth of any treasury management solution, solving the cash, treasury, and risk management needs of all sizes of treasury and finance organizations. 

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