Atos Origin and Kyriba has Implemented PSA Peugeot Citroens New Web-Based Cash Management System

Friday 8 April 2005 10:01 CET | News

French carmaker PSA Peugeot Citroen has 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.

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 customers 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. 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. The web-based cash management platform fits seamlessly with Atos Origins 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 automakers 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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce