Optimizing cash flow in a context of rising interest rates
Sector: Insurance & Financial Services
Objective: Improve cash management to optimize return on assets
Faced with rising interest rates, a major player in the sector launched a strategic cash optimization project. The aim was to maximize return on assets through enhanced forecast management and unified processes. The project was carried out in two phases:
- Phase 1: Diagnosis of existing situation – flow mapping, governance, identification of friction points
- Phase 2: Optimization recommendations – improved forecast management, levers for improvement and enhanced use of Kyriba
PALMER‘s added value
- Technical and functional expertise: in-depth analysis of existing flows and processes
- Kyriba mastery: Optimal use for forecasting and liquidity management
- Collaborative approach: Facilitating exchanges between departments to ensure buy-in
- Actionable recommendations: Clear roadmap aligned with strategic challenges
The keys to success
- Precise mapping of financial flows to identify frictions
- High-performance forecasting tools to better anticipate cash requirements
- Smooth coordination between all stakeholders
- Standardization of inter-departmental practices
Course of the mission
- Diagnosis: Complete cash flow mapping, governance analysis
- Identification of irritants: Malfunctions between departments (investment, accounting, management control, Ostrum)
- Kyriba audit: Analysis of current usage and optimization potential
- Concrete proposals : Specific modules, harmonization of processes
- Collaborative leadership: Co-constructing solutions with key departments
- Strategic validation: Recommendations presented to and validated by the Strategic Committee
Challenges
- Coordination of multiple stakeholders with heterogeneous priorities
- Harmonizing diverse processes
- Kyriba’s technical limitations to be overcome to achieve objectives
A concrete, measurable impact
- Reliable cash flow forecasting
- Optimizing returns on assets in a high interest rate environment
- Streamlined processes for greater efficiency
- Greater collaboration between departments, faster, more aligned decisions
