What users are saying about
37 Ratings
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Top Rated
292 Ratings
37 Ratings
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Score 9.4 out of 100

Xero

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Top Rated
292 Ratings
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Score 8.7 out of 100

Likelihood to Recommend

Kyriba

Well suited:
  • Payment hub, managed to pay multiple thousands of payments daily without suffering delays, including payments to different continents
  • Router of different format files via SWIFT communication channel to multiple banks
  • Easy to setup approval rules, options to base the different approval colleges in the transaction type, the amount, the account, the country, etc. and to setup as approvers one single user, a group of users, tailor-made rules (one user can provide first approval and a list of specific users can provide second, but not possible the other way around, etc.)
Less appropriate:
  • Would not recommend Kyriba to manage your intercompany loans, not user friendly at all and competitors offers many more options
  • In my opinion, tool is intended for companies with a high volume of payments, if you are only going to process a few, costs are too high
Eric Matellán | TrustRadius Reviewer

Xero

Xero is great for small businesses who don't need a lot of complex features, or who will be managing accounting internally. It has robust integration capability that can grow with you (more so than, say FreshBooks), but won't break the bank. It's not as well suited for larger organizations or those with more complex reporting needs. For example, I acquired another business several years ago, and needed to pull quarterly reports of income from specific clients in order to calculate my pay-out for that quarter. I did that in QBO fairly easily, and had a saved template that I could use to generate it. Luckily I made the switch to Xero after the final pay-out because it would be very difficult to generate such a report now, since there aren't any report filters where you can select only specific customers from your contact list. Xero does support customized report templates that can be saved, the filtering options are just very limited. Essentially, you have to export all of the data to a CSV and then manipulate the spreadsheet locally.
Jennifer Hess | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Kyriba
Xero
6.9
Pay calculation
Kyriba
Xero
8.6
Benefit plan administration
Kyriba
Xero
6.4
Direct deposit files
Kyriba
Xero
7.2
Salary revision and increment management
Kyriba
Xero
5.7
Reimbursement management
Kyriba
Xero
6.7

Customization

Kyriba
Xero
7.4
API for custom integration
Kyriba
Xero
7.1
Plug-ins
Kyriba
Xero
7.7

Security

Kyriba
Xero
8.6
Single sign-on capability
Kyriba
Xero
8.4
Role-based user permissions
Kyriba
Xero
8.9

Reporting & Analytics

Kyriba
Xero
8.3
Dashboards
Kyriba
Xero
8.5
Standard reports
Kyriba
Xero
8.6
Custom reports
Kyriba
Xero
7.7

General Ledger and Configurable Accounting

Kyriba
Xero
8.1
Accounts payable
Kyriba
Xero
8.9
Accounts receivable
Kyriba
Xero
8.8
Cash management
Kyriba
Xero
8.2
Bank reconciliation
Kyriba
Xero
8.7
Expense management
Kyriba
Xero
8.7
Time tracking
Kyriba
Xero
6.2
Fixed asset management
Kyriba
Xero
8.7
Multi-currency support
Kyriba
Xero
8.5
Multi-division support
Kyriba
Xero
7.9
Regulations compliance
Kyriba
Xero
8.5
Electronic tax filing
Kyriba
Xero
7.5
Self-service portal
Kyriba
Xero
8.4
Global Financial Support
Kyriba
Xero
6.8
Primary and Secondary Ledgers
Kyriba
Xero
8.6
Intercompany Accounting
Kyriba
Xero
8.2
Localizations
Kyriba
Xero
6.8
Journals and Reconciliations
Kyriba
Xero
8.9
Enterprise Accounting
Kyriba
Xero
8.0
Configurable Accounting
Kyriba
Xero
8.7
Centralized Rules Framework
Kyriba
Xero
7.5
Standardized Processes
Kyriba
Xero
8.1

Inventory Management

Kyriba
Xero
6.7
Inventory tracking
Kyriba
Xero
7.0
Automatic reordering
Kyriba
Xero
7.1
Location management
Kyriba
Xero
7.1
Manufacturing module
Kyriba
Xero
5.5

Order Management

Kyriba
Xero
8.3
Pricing
Kyriba
Xero
7.5
Order entry
Kyriba
Xero
8.8
Credit card processing
Kyriba
Xero
8.3
Cost of goods sold
Kyriba
Xero
8.4
Order Orchestration
Kyriba
Xero
8.6
End-to-end order visibility
Kyriba
Xero
8.3
Order exception Resolution
Kyriba
Xero
8.2

Pros

Kyriba

  • Kyriba is great for creating a position of cash flow. We are able to use that information to create an accurate daily cash position that is used by Management in the decision making processes. With all the bank information reporting into Kyriba we are able to easily monitor liquidity.
  • Kyriba makes it easy to monitor the activity in multiple bank accounts across the organization. Having all the transactions feeding into a centralized platform saves us valuable time each morning. This also increases our visibility into each account.
  • Kyriba is able to track all of our financial instruments for us. It is easy to update information for our various loans because it is all in one location. We are able to run reports at month end at the push of a button so we can reconcile our activity against the bank reports.
Lina Isabel Rauh | TrustRadius Reviewer

Xero

  • Xero makes reconciliation incredibly easy. It remembers how we reconciled a particular transaction last time and you can set up rules to auto code transactions so all you need to do is press OK. This makes keeping track of sales tax pretty simple too.
  • Reporting is a breeze, as long as you code all your transactions correctly it takes seconds to bring up a balance sheet, Profit & Loss and many other types of reports. It also allows for all kinds of custom layouts and exports.
  • Once your templates are set up with all the relevant information, sending invoices is simple and fast. It's also easy to track different line items on your invoice, say your keeping track of a project which is only part of the full invoice and is necessarily a specific line item, tracking codes make that very easy.
Malcolm Colman-Shearer | TrustRadius Reviewer

Cons

Kyriba

  • Keep working on adding content and functionality to Cash Forecasting, especially looking out 1-2 years (or more) to create a daily/weekly/monthly/annual forecast and do variance analysis.
  • Improve Bank Fee module to add more variance analysis, benchmarking, and reporting. The last I looked, it mainly converted the 822 files to excel reports and did some comparison to the bank's original per item pricing, but not much more than that.
  • Haven't used their BAMS module as yet, and it probably improved since the last time I looked at it, but at the time, it was pretty good but needed more work. Kyriba needs to work with the main banks to allow their BAMS forms and activity to be accepted by the banks, and ideally integrated with the banks. The big problem in this space isn't Kyriba - it's the lack of standard forms and processes within the industry for Bank Account Management. Hoping Kyriba and other TMS/BAMS providers can help drive this.
Steve Walden | TrustRadius Reviewer

Xero

  • Using an accounting system in a web browser versus a standalone app can be a little clunky when it comes to navigation or having multiple windows open at once. This is more a function of using a web browser then a knock against xero itself. For us this is just a minor annoyance having come from a desktop based system before.
Patrick Cranston | TrustRadius Reviewer

Likelihood to Renew

Kyriba

Kyriba 10.0
Based on 1 answer
It has become an important tool that is used daily.
Terri Haga, CTP | TrustRadius Reviewer

Xero

Xero 5.2
Based on 26 answers
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
Sarang Mandke | TrustRadius Reviewer

Usability

Kyriba

Kyriba 8.0
Based on 1 answer
It can always be better. There needs to be more instances wherein the user can make changes that work for them and those changes would be saved for future use, not having to make the same changes over and over again.
Terri Haga, CTP | TrustRadius Reviewer

Xero

Xero 8.4
Based on 20 answers
It simply is incredibly usable with excellent drill down features. The dashboard is highly configurable. Transactions are now even easier to find with the new Global Search feature. Documents can be attached to transactions. We use Bills Entryless to transfer documents to Xero without keying the data. Visibility to reports (the old style takes seconds). The newer reports are more RAM hungry so there can be a 10 second or so lag while the report is compiled. Usually old style reports deliver what our clients need in a flash
John Cotter | TrustRadius Reviewer

Reliability and Availability

Kyriba

No score
No answers yet
No answers on this topic

Xero

Xero 9.0
Based on 10 answers
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
Scott Scharf | TrustRadius Reviewer

Performance

Kyriba

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 8 answers
In 3 years of use, I've only broken the system once. And that was for 30 seconds.
Dan Schmidt, CPA | TrustRadius Reviewer

Support Rating

Kyriba

Kyriba 9.7
Based on 4 answers
We have weekly calls with our support team to discuss ongoing implementation projects and other issues we find from time to time. They are very responsive to any questions we have and can escalate issues to a higher level of support if they do not have the expertise necessary to fix the problem. They are helpful in coordinating testing with banks if necessary, and provide regular statistics regarding support calls, causes of problems, and resolution.
Anonymous | TrustRadius Reviewer

Xero

Xero 1.2
Based on 15 answers
Support has always been responsive and quickly resolved any questions I have. The only reason I don't give full points is because there's no way to call for immediate help. I'm fine with this because I don't need it badly enough to pay for it
Dave Olsen | TrustRadius Reviewer

Online Training

Kyriba

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 5 answers
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
Scott Scharf | TrustRadius Reviewer

Implementation Rating

Kyriba

Kyriba 8.0
Based on 2 answers
We had some issues with one of the implementation people provided by Kyriba. The communication skills were lacking, with assumptions being made as to what we knew already. It was very frustrating. Once that was resolved, further module implementations have been smoother.
Terri Haga, CTP | TrustRadius Reviewer

Xero

Xero 9.5
Based on 9 answers
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
Andre Yeu | TrustRadius Reviewer

Alternatives Considered

Kyriba

Kyriba offers a more comprehensive and end to end workflow for a SaaS offering. It is structured around Cash management/visibility but has sufficient functionality for complementary functions to serve as a stand-alone system at a better cost than its competitors. It is more mature as a product without being too functionally convoluted or diffuse.
Anonymous | TrustRadius Reviewer

Xero

Xero was the easiest to use and most cost effective of all the solutions we evaluated during the procurement process. We spoke to other similar sized businesses and they highly recommended using Xero. We liked the fact it's a cloud based system meaning we can access the system and data remotely. It integrates with our recurring billing platform and our bank.
Graham Green | TrustRadius Reviewer

Scalability

Kyriba

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 6 answers
After 4 years I cannot remember a single moment of downtime. Outstanding reliability!
Doug Fish | TrustRadius Reviewer

Return on Investment

Kyriba

  • It has enabled us to gather up to date information across numerous entities in one place. Because of this, we have been able to analyse our group cash as a whole much more easily and see our high and low cash positions a lot sooner than before we used Kyriba. This has improved our investment returns management ten-fold.
Simon Barker | TrustRadius Reviewer

Xero

  • Demand for Xero trained accountants and bookkeepers has been key to our growth. Our business was started on Xero and has benefited greatly from interest in Xero from customers dissatisfied with QuickBooks.
  • The practice management tools provided by Xero make it easy to delegate and restrict access to client files to only the staff who need to have access. This increases efficiency and security.
  • Xero's support for accounting firms is great. We have a dedicated account rep who can step in and get problems solved for us very quickly.
Blake Oliver | TrustRadius Reviewer

Screenshots

Pricing Details

Kyriba

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Xero

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

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