#1 most frequent
United States of America
46.3%914 installations of 1,974
What is Kyriba?
Kyriba empowers CFOs, Treasurers and their IT counterparts to transform liquidity as a dynamic, real-time vehicle for growth and value creation.
Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth, protect against loss from fraud and financial risk and reduce operational costs.
Kyriba states that for more than 2,500 clients worldwide, including 25% of Fortune 500 and Euro Stoxx 50 companies, their platform manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually. Kyriba is headquartered in San Diego, with offices globally.
Categories & Use Cases
Media
1 / 6
Screenshot of the Liquidity Analytics Dashboard in Kyriba, which offers a real-time and actionable overview of an organization's liquidity position and related metrics, helping treasury professionals make informed decisions and ensure optimal cash management strategies.
Top Performing Features
Treasury Reporting
Dashboards with commonly used information and customizable reports for more complex data needs.
Category average: 8
Cash and Liquidity Management
Tracks the flow of cash to give an accurate, real-time picture of liquidity.
Category average: 8.7
Bank Account Management
Manages relationships with multiple banks within the platform for increased visibility.
Category average: 8.7
Areas for Improvement
Market Data
Provides up-to-date market data to allow for informed financial decisions.
Category average: 7.1
Financial Fraud Prevention
Detects and alerts on potentially fraudulent transactions to increase security.
Category average: 5.2
Treasury Management Payments
Allows you to make secure, reliable payments within the platform.
Category average: 7.9
Who Buys & Uses Kyriba
#2 most frequent
France
18.5%366 installations of 1,974
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
6.7%132 installations of 1,974
Pros
- Centralized treasury and liquidity management
- Streamlined bank connectivity and payment processing
- Automated reporting and analytics
Cons
- Inconsistent customer support responsiveness
- Rigid and confusing user interface and navigation
- Complexity in administering specific modules (e.g., Deal Capture)
Kyriba Treasury Management System
Use Cases and Deployment Scope
Bank Balance and Transaction reporting, FX & cash mgmt, long term debt, bank guarantees, cash forecasting, investments, and their supporting accounting modules.
Pros
- Clean, clear UI with user customizable workflows.
- Robust feature set and abundant options to configure modules.
- Integration with ERPs, FX trading platforms, investment portals
- Excel API. The ability to press a button and sync reports/data with Kyriba allows for a lot of flexibility in reporting.
- The analytics module, while "extra" offers a strong offering for native visualization capabilities.
Cons
- Pricing. Transparency (itemized pricing wasn't offered us), strong premium against peers, and every little thing is an added cost (EG they bill per user, per module).
Return on Investment
- All Treasury data in one place. From automated flows reporting in from financial institutions to storing our contracts - all of our information is in one system, logically stored.
- Excel API - further lets us access all that data to run analytics very quickly. Especially when evaluating something new - this is a gamechanger. Longer term solutions like their platform analytics or external visualization tools can be transitioned to after initial mockup.
- Workflows allow for clear configuration of process allowing us to maintain process integrity and simplify throughout the org.
Usability
Other Software Used
LSEG FX Trading
Kyriba
Use Cases and Deployment Scope
Kyriba manages our cash accounting, bank reconciliations, cash forecasting, liquidity planning and payments. It’s in-house banking allows us to fund entity at several different banks without having to login to any banking platform. We are continually leveraging the system to automate processes in order to eliminate the need for additional hires and to strategically align our treasury practices.
Pros
- Bank Connectivity
- Cash Accounting
- Inhouse Banking
- GL Reconciliation
Cons
- Cash Forecasting
- Financial Accounting
- Payments processing
Return on Investment
- We've acquired more than 50+ businesses but have not had to hire new personnel as we've been able to automate with Kyriba.
- We’ve been able to streamline the accounting process by automating bank recs and cash accounting.
- We reduced the use of excel for forecasting and are able to provide a revised forecast within minutes versus days.
Usability
Other Software Used
NetSuite ERP, Yardi Voyager, DSSI by Direct Supply
Gold Standard TMS
Use Cases and Deployment Scope
This is my second experience with Kyriba and a major reason I accepted my current position was due to the pending Kyriba implementation project. We use Kyriba to position cash, provide prior day reporting, and payment factory just to name a few.
Pros
- Cash Position Worksheets for positioning and general transaction searching
- Bank Account Management
- Payment Processing
Cons
- The ability to better filter on certain incoming transactions to build trends
- Inputting expecting flows in Daily Cash Positioning
- Double Clicking on a payment opens as "Modify" instead of "View"
Return on Investment
- Greater Cash Visibility
- Greater Payment Visibility
- Process Improvement Creating Efficiencies
Usability
Alternatives Considered
Microsoft Excel and FIS Treasury and Risk Manager
The Best TMS
Use Cases and Deployment Scope
I've been working with Kyriba since 2020. In our first phase, we implemented 3 modules. We were like kids in a candy store with the ability to see over 200+ bank accounts in the click of a button. Kyriba has been very helpful with supporting our company with our debt transactions. We are currently implementing the payment Hub, fraud and bank fees module.
Pros
- Communicate updated released times
- Kyriba support replies to my questions within 24hrs or less
Cons
- Deal Capture is a very difficult module when updating interest rates, notional amounts, etc.
- Without Kyriba support or a consultant, administration is not user friendly
Return on Investment
- Reduce bank fees across our family of companies
- Kyriba help reduce the number of hours Treasury perform when setting the daily cash position.
Usability
Other Software Used
BlackLine
1010 Would Recommend
Use Cases and Deployment Scope
Kyriba has helped to streamline our global forecasting and improve efficiencies in our day-to-day handling of cash. Reporting has been greatly improved through the reporting module.
Pros
- Cash management
- Global cash visibility
- Cash/Debt reporting
Cons
- Less buttons/screens to complete tasks
Return on Investment
- Improved forecasting efficiency
- Global cash visibility
