Kyriba

Score8.5 out of 10

62 Reviews and Ratings

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

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.

Screenshot of the Cash Analytics Dashboard in Kyriba, that presents crucial financial information that enable finance teams to answer questions like, Do I have enough cash? Are my cash forecasts reliable? What is my activity with banks?

Screenshot of the Payments Analytics Dashboard in Kyriba, that gives users an at-a-glance overview of their organization's payment activities, ensuring efficient payment processing, compliance with approval workflows, and effective management of financial transactions.

Screenshot of the Compliance Analytics Dashboard in Kyriba, that helps users monitor and manage fraud risks, ensure compliance with regulations, and respond to potential incidents, thereby safeguarding the organization's financial integrity and reputation.

Screenshot of the Supply Chain Finance Analytics Dashboard in Kyriba, that helps users manage and optimize their organization's working capital position, improve the cash conversion cycle, and make informed supply chain financing decisions to achieve financial efficiency.

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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.

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: 8.6

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: 4.8
Treasury Management Payments
Allows you to make secure, reliable payments within the platform.
Category average: 7.9

Jason Ferguson View profile

Director, Treasury in Finance and Accounting at Seagate Technology (10,001+ employees employees)

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

Arrianne Klier View profile

Director of Treasury in Finance and Accounting at CommonSail Investment Group (201-500 employees employees)

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

Karen Lewis-Doldron

Sr. Treasury Analyst in Corporate at Saltchuk Resources, Inc (5001-10,000 employees employees)

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

Michael Brown

Treasury Analyst in Finance and Accounting at Modine Manufacturing (10,001+ employees employees)

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

Usability

Verified User

Analyst in Finance and Accounting (10,001+ employees employees)

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

Kyriba

What is Kyriba?

Categories & Use Cases

Media

Key Features

Top Performing Features

Treasury Reporting

Cash and Liquidity Management

Bank Account Management

Areas for Improvement

Market Data

Financial Fraud Prevention

Treasury Management Payments

Reviews

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Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

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Return on Investment

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Other Software Used

Use Cases and Deployment Scope

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Other Software Used

Use Cases and Deployment Scope

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Use Cases and Deployment Scope

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Return on Investment

Usability

Alternatives Considered

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