Kyriba Corp
11/10/2026 | Press release | Archived content
Brazil Can Move Money in Seconds, but Corporate Treasury Still Runs on Spreadsheets
AFP Brazil survey, underwritten by Kyriba, finds that 81% of companies forecast cash using spreadsheets, while 92% lack complete real-time visibility
LAS VEGAS, Nevada, November 10, 2026: Brazil's real-time payments infrastructure enables companies to send and receive money in seconds, around the clock. Yet for many corporate finance teams, answering the basic question, "How much cash will we have tomorrow?", still begins with a spreadsheet.
New research from the AFP Brazil Corporate Treasury Survey 2026, underwritten by Kyriba, found that 81% of Brazilian organisations forecast cash using spreadsheets, while 92% lack complete real-time visibility of their cash position. Only 6% use a dedicated treasury management system as their primary system.
The findings reveal a gap between the speed of Brazil's digital payments environment and the systems many companies use to forecast liquidity, manage risk and make financial decisions.
For CFOs, this is more than a technology issue. When cash data is fragmented, delayed or manually consolidated, finance teams have less time to identify funding needs, assess working capital movements, manage liquidity and respond to changing market conditions.
"The findings provide an important benchmark for understanding where Brazilian corporate treasury stands today," said Douglas Oliveira, Counselor, AFP Brazil. "The research suggests that the next phase of financial modernisation in Brazil is not simply about moving money faster, but ensuring businesses have the information and processes needed to make better financial decisions. Improving visibility and forecasting will be critical to helping treasury teams move from reactive cash management towards more proactive financial planning."
"Brazil has shown how quickly financial infrastructure can evolve when speed, connectivity and digital adoption come together," said Glaucia Metidieri, Sales Director, Brazil, Kyriba. "The survey shows that corporate treasury is now facing its own modernisation moment. Companies may be able to move money in seconds, but many still cannot see their full cash position or forecast its movement with the same speed. These findings reflect a broader challenge across Latin America, where finance teams are working to connect payments, operational data and treasury intelligence across complex markets. The next step is giving finance leaders the visibility and control they need to act before a liquidity or risk issue becomes a business problem."
The spreadsheet is a symptom of a wider visibility gap
The issue is not simply whether companies use spreadsheets. Spreadsheets have a place, but they become harder to control and trust when finance teams are bringing together data from multiple banks, entities, currencies, ERP systems and payment processes.
The reliance on spreadsheets is compounded by traditional banking connectivity. The survey found that 79% of organisations connect with their banks using CNAB/EDI files, with around half of these connections involving manual processing. This adds another layer of complexity for treasury teams attempting to maintain an accurate, timely view of their cash position.
A forecast can become outdated quickly when receipts are delayed or market conditions move. Without connected and timely data, treasury teams may have less time to understand what is driving a change in liquidity, assess the available options or explain the potential impact to the wider business.
Brazilian treasury capabilities recorded an average Treasury Maturity Index of 2.4 out of 4.0, placing the market in the Developing Stage. The results suggest that many organisations are now looking to move from manual forecasting towards more connected, automated and reliable processes.
"Spreadsheets are not the root of the problem, but a visible symptom of fragmented treasury data," Axel Canale, Managing Director, Latin America, Kyriba. "Across Latin America, many finance teams are still bringing together information from multiple banks, entities, currencies and payment channels, often through manual processes. As the Brazilian findings show, closing this visibility gap will be essential for companies seeking to move from reactive cash management to more timely and strategic liquidity decisions."
Investment is moving ahead of adoption
The survey suggests that Brazilian companies are preparing to invest in the next stage of treasury modernisation. Thirty-two percent of respondents identify AI and predictive analytics as a top technology investment priority, while 18% have AI in production and 25% are currently running pilots.
Overall, 84% plan to make a relevant treasury technology investment in the next 12 to 24 months. The findings suggest that investment is moving ahead of adoption, but connected data and reliable cash visibility will need to improve before companies can benefit fully from predictive technologies.
Brazil's next phase of financial modernisation will therefore not be defined only by how quickly money moves. It will also depend on how quickly companies can understand their liquidity, quantify risk and act on reliable information.
Learn more: https://afpbrasil.com.br/tesouraria-brasil-2026
About the research
The AFP Brazil Corporate Treasury Survey 2026, underwritten by Kyriba, surveyed more than 200 treasury and finance leaders across Brazil between August and October 2026. The research examines the maturity of corporate treasury operations across six key areas, including bank connectivity and payments, AI adoption, cash visibility and forecasting, foreign exchange risk, and organisational structures.
About Kyriba
Kyriba is the global leader in liquidity performance, trusted to transform how CFOs, Treasurers and IT leaders connect, protect, forecast and optimize their liquidity amid economic complexity.
As a secure, transparent and scalable SaaS solution trusted by 4,000 customers, Kyriba delivers governed intelligence and financial automation through innovative technologies, including its trusted agentic AI (TAI), bringing precision, efficiency and confidence to financial operations.
With an expansive ecosystem of banking, technology and consulting partners, Kyriba's platform powers 3.6 billion bank transactions and $51 trillion in payments across 10,000 banks annually, helping companies gain enterprise-wide visibility, ensure financial stability and outperform their business strategy.
For more information, visit www.kyriba.com.
Media contacts
Connie Rowlands
External Communications
AFP Brazil media contact
Douglas Oliveira
+55 21 981858362
Kyriba Corp published this content on November 10, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 12, 2026 at 06:35 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]