Lifespace Communities relied on labor-intensive and manual treasury functions. Their goal was to leverage technology to improve automation and controls while reducing error potential. Kyriba and Nitor partnered with Lifespace Communities to achieve a digital transformation resulting in a 40% reduction in effort by the Treasury and Accounting staff. This case study discusses improvements made in cash positioning, forecasting, accounting, and payments.
Nitor is the leader in source-to-pay transformation with a single focus – empowering clients to achieve source-to-pay excellence. Nitor has a dedicated focus on spend management and delivers services across the source-to-pay spectrum. Our strength is in our breadth and depth of experience. Our team of spend management experts help companies from every vertical develop category management strategies, deliver complex sourcing initiatives, implement new technologies and transform their entire procurement process.