Case Study
How Treasury Centralization is Helping Oilibya Increase Efficiency by 80% and Reduce Costs by 20%
kyriba.com • +971 (4) 420 7898 Headquartered in Dubai with operations in 18 different countries, Oilibya is a key player in the African energy industry. It serves 250,000 customers a day through more than 1,000 service stations, including operations at 54 airports on the continent. With 34 affiliate companies working in 20 different currencies, Oilibya’s 105 banking partners are responsible for more than 400,000 transactions per year. So it’s not surprising that Oilibya Group Treasurer Abdessalem Lassoued was facing some challenges before deploying a cloud treasury solution. Lassoued sat down with Kyriba to explain more. What were the main issues you faced when you joined Oilibya in 2015? A: The main issue was a lack of consolidated cash visibility. The treasury function was v