Kyriba’s cloud-based working capital network has provided a finance solution to Fluor, a global, publicly traded engineering, procurement, construction (EPC) and maintenance company.
Kyriba’s working capital solutions, such as supply chain finance, have enabled Fluor to optimize payments terms and accelerate free cash flow, while offering early payments to suppliers.
Optimizing DPO and early payment options help protect growth objectives from market volatility. In uncertain times, being paid early reduces supply chain risk for the suppliers who provide services to Fluor.
“Kyriba has a strong and long-standing relationship with Fluor, who is using our working capital solutions to increase cash flow—a critical driver for growth, especially during uncertain times,” said Jean-Luc Robert, chairman and CEO of Kyriba. “Market volatility is increasing the cost of financing for suppliers to invest in their operations. With the Kyriba Working Capital Network, buyers like Fluor can optimize their liquidity through simple programs that offset the cost of capital and provide early payments to their suppliers.”
Global organizations use Kyriba to increase their liquidity by optimizing DPO or mobilizing idle cash to self-fund early payment discount programs, generating high returns of up to 15% APR.
Kyriba empowers CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation, while also protecting against financial risk.