1. International Cash Management: Strategy and Reality 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL.

2. International Cash Management: Strategy and Reality TABLE OF CONTENTS 1) Intl Cash Management Challenges 2) Leading to Best Practices 3) Global and Regional Treasury Trends 4) Global Liquidity: Maximizing Efficiencies 5) Cash Pooling and Forecasting 2 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 3. What keeps Treasurers up at night? Counterparty risk Finding a safe, liquid place to invest funds Risk/return and M&A funding Availability and cost of credit Regulatory creep Obtaining superior returns 3 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 4. Global Cash Management ChallengesChallenges we hear about the most Visibility Centralization/Decentralization balance Lack of Technology Inefficient processes/structures (e.g. Netting,Pooling) 4 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 5. What Leads to Best Practices?Two drivers for change1) Overcoming Challenges2) Key Events Economic conditions Regulatory compliance Market Trends Changes in domestic cash management practices Technological progress Globalization 5 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 6. Global Financial Crisis Timeline Subprime Mortgage Crisis US Bailout for Financial Institutions Financial markets rally Lehman and Merrill Lynch fail Economic and financial prospects UK announces rescue package for RBS, Lloyds SEC accuses Goldman of defraudingimprove TSB and HBOS. investors Still some economic uncertainty Northern Rock temporarily nationalized Greece gets a 110bn (93bn) bail-out Eurozone in recession Irish 114 bn Bailout . 2007 20082009 201020112012Stimulus packages for emerging economies UK stock market goes through period ofSharp GDP contraction;, large fiscal packagesvolatility. Strong market interventions; US Housing downturn Synchronized G3 recession Credit crunch begins in earnest. Second Greek Bailout Northern Rock has sought emergency funding Eurozone ministers say the legislationfrom the Bank of England must be passed to receive a 12bn-euro loan Greece needs to pay its debts. 6 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 7. Global Cash Management: OpportunitiesTop Areas to Improve Performance1) People2) Process and Efficiency3) Technology4) Visibility and Control5) Expanded Role of Treasury6) Organization and Influence7) Risk Management and Mitigation8) Optimized Liquidity and Treasury Structures 7 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 8. Top Areas to Improve Performance1) People Identifying the right people Hiring, Retention of strategic leaders Location, Location, Location Project management focus International background, knowledge 8 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 9. Top Areas to Improve Performance2) Process and Efficiency Continued migration from paper to electronic Development of long term strategic plans forTreasury, aligned with Corporate objectives Transactional process improvement(i.e. Straight Through Processing) 9 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 10. Top Areas to Improve Performance3) Technology Increased integration with banking partners toautomate payments and receipts Greater reliance on ERP systems and treasuryworkstations Leveraging web solutions to minimize ITsinvolvement 10 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 11. Top Areas to Improve Performance4) Visibility and Control Automated view of domestic and globalcash balances, leveraging multi-bankreporting when required Rationalizing / optimizing bank relationshipsand structures to improve and streamline cashpositions Adopting global standards across regions forinternal process and audit for better control 11 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 12. Top Areas to Improve Performance5) Expanded Role of Treasury Control and strong influence over all aspects ofworking capital Increased responsibilities and oversight for riskmanagement, including Trade Finance and CapitalMarkets activities Corporate Strategic Partner 12 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 13. Top Areas to Improve Performance6) Organization and Influence Globalization and centralization of treasury andfinance activities Visibility and accountability for global accounts andbank relationships Major stakeholder in all key corporate strategicdecisions 13 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 14. Top Areas to Improve Performance7) Risk Management Managing more risk than before FX, Liquidity, Supply Chain, Counterparty Balance centralization vs. localization Using technology and standardized processes tostrengthen controls around risk and exposuremanagement 14 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 15. Top Areas to Improve Performance8) Optimized Liquidity and Treasury Structures Cash concentration / Pooling to leverage cash andoptimize returns In-House Banks, global treasury centers, paymentfactories, and shared service centers Outsourcing of investment management, reportingand other treasury functions Inter-company netting andloan administration 15 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 16. Regional ConsiderationsEMEA Stress that has persisted through 2011remains major obstacle to growth in 2012. Questions over how Euro zone officials handlesovereign credit risk may impact how globalinvestors structure portfolios Greece, Ireland, Italy, Spain and Portugal 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 16 17. Regional ConsiderationsLatin America Seeing tighter corporate investmentguidelines Inflation still high Regulated markets w/ more flexible ForeignExchange controlsencourage USD balances to remain invested Excess in international liquidity drivingdomestic exchange rates down 17 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 18. Regional ConsiderationsAsia Some regulatory easingChina: foreign currency notional pooling More time deposits being used for excessoperating cash Chinese Renminbi moving fast towardsinternationalizationCross Border settlement schemes 18 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 19. Regional ConsiderationsEase of Liquidity Management AUSTRALIANEWN. AMERICAZEALAND HONG KONGW. EUROPE JAPANSINGAPOREEASE OFTAIWANLIQUIDITYPHILLIPINESE. EUROPEMANAGEMENT 2011 Kyriba Corporation.INDONESIA All rights reserved. PRIVILEGED & CONFIDENTIAL. PRACTICES S. KOREA THAILAND CHINA INDIA LAT. AMERICAMALAYSIA VIETNAMHIGHLYMINIMALLYRESTRICTED RESTRICTED REGULATORY ENVIRONENT 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 20. Opportunities to Maximize Efficiency 20 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 21. When Planning ahead, consider... Can you begin to centralize and standardize your treasury function?21 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 22. Maximizing Efficiencies: Treasury StructureConsolidate Treasury Management1) Develop global Treasury policies and procedures2) Centralize Global information reporting Liquidity management through cash concentration structures Credit facility based on parent company credit standing3) Consolidate cash to maximize investment and /or minimize debt4) Evaluate alternative tax effective structures 22 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 23. Maximizing Efficiencies: Bank AccountsConcentrate Accounts1) Leverage global bank relationships (regional and local providers only where absolutely necessary)2) Establish bank share of your global wallet3) Revise overlooked business segments (regional businesses operating with a local bank?)4) Determine relationship priorities: Investment Banking or Cash Management5) Objective summary per global bank Regional bank visits and local representative Bank scorecard evaluation at least once every 2 years Account analysis review (Bank Fees vs. Contracted Services) 23 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 24. Maximizing Efficiencies: Working CapitalAutomate Working Capital Processes1) Leverage investment in ERP technology to automate the accounting, receivables and payables processes: Accounting Facilitate In-House bank and Inter-company netting activity Payables Standardize PO Invoice, electronic approvals, vendor set-up, settlements processes Shared Service Center and Payment factory In-house bank and netting settlements (Cash Pooling) Receivables Automate cash application process Integrate into Cash Forecasting 24 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 25. Maximizing Efficiencies: Global Cash PoolingGlobal Cash Pooling1) Zero/target balance structures most popular techniques used in cash concentration NA Treasurers most likely to use zero/target balance structures EMEA Treasurers more likely to use both notional pooling andzero/target balance2) Main driver: retaining local treasury control and transparency for subsidiaries3) Domestic tax considerations have to be evaluated4) Leverage Treasury Workstations to improve efficiencies5) Smaller companies: Less likely to use zero/target balance or notional pooling 25 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 26. Maximizing Efficiencies: Cash ForecastingGlobal Cash Forecasting1) Demand senior management sponsorship to the process Assign enough people and financial resources towards project Spend time and effort upfront during the design phase2) Leverage opportunity to evaluate and modify banking structures prior to the project*3) Ensure data is derived from a known source Consolidate global cash flow data from different applications Receive data from diverse sources but ensure reconcilable at detail level Standardize the way data is entered or interfaced from remote locations4) Provide business users with feedback loop to measure accuracy 26 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 27. SummaryNew economic reality has forced corporate treasuries to: Adapt Become more efficient Design strategies to optimize financial resources 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 28. SummaryImmediate financial impact will result with: Larger effort to increase visibility More efficient banking network Alignment of liquidity and cash management needs atthe local, regional and global levels Efficient investment in the right technology 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 29. Questions?Elisamaria Panico: Project Manager Bob Stark: Vice President, StrategyPhone: (646) 616-1414Phone: (604) 565-1419Email: epanico@kyriba.comEmail: bstark@kyriba.comFor more information Please visit www.kyriba.com or call 1-855-KYRIBA-0 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 30. Questionstreasury@kyriba.com kyriba.com 1-855-KYRIBA-0 twitter.com/kyribacorp linkedin.com/company/kyriba-corporation 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 30 31. Questions? treasury@kyriba.com kyriba.com 1-855-KYRIBA-0 twitter.com/kyribacorp linkedin.com/company/kyriba-corporation 2012 Kyriba Corporation. All rights reserved. PRIVILEGED & CONFIDENTIAL. 31