Finesse boosts Select Group’s global treasury operations with Kyriba

Finesse, a global leader in system integration and digital transformation, has successfully implemented Kyriba’s cloud-based Treasury, Risk Management, and Payments platform for Select Group, a renowned real estate developer and investor. This collaboration has empowered Select Group with enhanced global cash visibility and treasury control, enabling them to make predictive, strategic decisions backed by real-time data while reducing financial risk.

Select Group faced a common challenge among large, geographically diverse enterprises – obtaining consolidated, real-time visibility into their global bank balances and cash positions. This fragmented view hindered optimal decision-making and created inefficiencies in treasury operations. Select Group sought a robust solution to centralize its treasury operations and gain real-time insights into its liquidity. Finesse was chosen as the implementation partner due to its deep expertise in financial technology and proven track record in delivering complex digital transformation projects across the region.

To address these issues, Finesse implemented Kyriba’s state-of-the-art treasury modules, integrating seamlessly with Select Group’s global banking network while ensuring smooth extraction of critical financial data from the company’s existing business intelligence (BI) tools. This transformation has provided Select Group with unparalleled oversight of their liquidity and cash flow operations.

The implementation included a comprehensive suite of modules tailored to Select Group’s specific requirements, such as Core Bank & Cash Management, Bank Account Management, In-House Banking, Payments, Debt & Investment Position Keeping & Financial Accounting, and Fraud Detection. These modules have streamlined cash management and forecasting processes, centralized treasury operations, and enhanced security with robust fraud prevention capabilities

With Kyriba, Select Group has gained real-time visibility into their global cash positions, enabling better liquidity management and strategic decision-making.

Commenting on the project, Megha Shastri, Vice President – Enterprise Accounts Finesse, said, “When we first connected with Select Group, it was clear they needed a robust Treasury Management Solution. Today, with the successful implementation of Kyriba — the world’s leading TMS — Select Group is empowered to manage their treasury operations like true champions!
Excited to see the clarity and efficiency this brings to their team.

”Dhwani Sejpal, VP Treasury Transformations of Finesse, said, “We are delighted to have partnered with Select Group in achieving full global visibility and control of their financial operations through Kyriba.” Dheeraj Khanna Pendum, AVP Kyriba Projects from Finesse said, “With this implementation, Select Group is now well-positioned to make predictive, strategic decisions backed by real-time data, all while reducing financial risk.”

“Gaining this level of real-time visibility and control over our global cash through the Kyriba platform, expertly implemented by Finesse, is a significant step forward for our treasury operations. It allows us to manage liquidity more effectively and confidently navigate the complexities of the global financial landscape,” said Muneeb Gundroo, Finance Director, Select Group.

This successful implementation underscores Finesse’s commitment to delivering innovative solutions that drive business excellence in the UAE and beyond. By leveraging Kyriba’s advanced tools, Select Group is now better positioned to navigate financial risks and ensure compliance with international standards. Finesse sincerely thank Select Group for their unwavering dedication, collaboration, and hard work throughout the Kyriba implementation journey. Their commitment to embracing innovation and driving transformation has been instrumental in the project’s success.