TrustRadius
https://dudodiprj2sv7.cloudfront.net/product-logos/1K/IX/8H4JHH3180SI.JPEGKyribaKyriba2018-04-16T23:50:17.103ZUsed across whole organization as payment hub, connected to all our regions and banksMain uses are the following:Reception of end of day and intraday statements, with automatic reports forwarding to different teams across the companyReception of payment files from AP department, batching and transforming into valid SWIFT files, then sending via SWIFT communication channel to our main banksTracker for most of our financial operations (FX Spot and Forward, IRS, Inter-company Loans, etc.)Reception from ERP of the collection direct debit files, and automatic routing to the different banks, receiving acknowledgment messages where the status of the collections is confirmed on multiple levels (Valid/Rejected/Partially Valid)
Main business issues created by the tool are, in my humble opinion, the following:Sometimes Kyriba servers faces issues which leads to files apparently blocked on their way to bank. Feedback received from Support team is sometimes wrong, as they confirm files did not arrive to bank and confirm we can resubmit, then finding payments duplicatedLoans setup is not very user friendly and doesn't include the option to add accruals and settlementsManagement of tokens/licenses is very messy, to the point of not being sure what to request when a new license is required, and account manager needing multiple tables to review a point which should be quite straight forward,Solid infrastructure
Strong payments tracker, keeps payment details of all transactions made years ago
Easy to understand setup of accounts, banks, companies, etc,Support team requires additional training
Improve reliability of payment files status
Simplify tokens/licenses management,8,Time spent in setup of manual payments significantly reduced thanks to Kyriba,Integrated product platform (cash and risk management, payments, SFC, etc.)
Bank connectivity
SaaS solution (cloud),Eric MatellánKyriba Fan Girl2018-03-14T22:32:32.997ZKyriba is predominantly used by the Treasury department within our organization. There are some members of the Accounting department that have access to Kyriba to gather information for journal entries posting to the general ledger. The Treasury department uses Kyriba to reconcile bank activity, process payments, create a position of cash flow for our US and Canadian transactions, monitor and maintain financial instruments and analyze monthly bank fees.,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.,Kyriba Social is a great tool to use to connect to other Kyriba users to get help on any problems. This is also where we would file a case with Kyriba for support. I have always found that when I do have to file a case for assistance the Kyriba team is quick to respond and helpful.
One issue I have noticed is that on different modules in the system pressing "Enter" does different things. On one module it might save the data that was just entered, and on other modules it will exit you out of the screen. For instance, if I am entering a payment in the "Payments" module, hitting "Enter" will save the payment. If I am working on a loan in the "Financial Transactions" module hitting "Enter" will exit me out of the screen without saving my data. I wish it was a little more consistent across all the modules.,9,Kyriba saves our department time, which is the most valuable thing we have. Before Kyriba we had to log into each bank to pull data for the prior day before we could enter our current day activity. Now the banks send the data right to Kyriba! It saves us about 3 hours of work each day from our old process.
Kyriba has given us visibility into all of our bank accounts in a centralized platform. We can better monitor activity and use that information to make better business decisions.
Kyriba has given us better transparency because of dual approval. One person has to enter information and another person has to approve information, so we have tighter controls.,Depth of product capabilities
Integrated product platform (cash and risk management, payments, SFC, etc.)
Bank connectivity
Commitment to security
SaaS solution (cloud)Lina Isabel RauhKyriba review from an international company2018-04-13T18:33:34.481ZKyriba is currently used within our treasury department. However, we are also able to generate automatic reports for other departments in order to provide them with cash balances on all our accounts.We use the system mainly for cash forecasting and analysis, reporting, bank account management and signatory management.,Cash forecasting is very easy to use. We have been able to simplify our processes and save a lot of time which has led us to be able to spend more time on strategic analysis.
We have many different departments using many different banking portals which the treasury department has to maintain. Kyriba lets us track all these users and portals in one place, something which we struggled to find elsewhere. This helps us save time and aides us with internal policy.
The reporting function is great - there are so many ready made templates available to use. We have scheduled reports that are waiting in our inbox in the morning advising us on cash balances and positions, reports that are daily/weekly/monthly that are, again, automatic or can be ran on an ad hoc basis.,The system does have a tendency to log you out whilst you are in the middle of something and does have occasional periods of "slowness". However, I believe a major update has just been implemented.,8,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.,Integrated product platform (cash and risk management, payments, SFC, etc.)
Bank connectivity
Commitment to security
SaaS solution (cloud)Simon BarkerUser's Review of Kyriba2018-04-13T18:29:07.497ZKyriba is used across our organization for cash positioning, cashflow forecasting, GL interface and partially for loan management.,Cash positioning
Cash forecasting
Connectivity with banks,Debt module for loan tracking
IHB module for loan tracking, schedules, accruals and interest statements
Straight through processing for loan management
Display of global cash balances by categories, hard to slide/dice data, limited to only setting up positions by Kyriba standards,4,Bank data integration allows our company to set cash position early in the morning.
Cash flow forecasting allows our company to evaluate results and set goals for forecasting.,Bank connectivity,Debt and Bank feeAllison Rakitin, CTPKyriba for the Win2018-02-09T23:07:55.260ZKyriba is currently used in the treasury area. We purchased the Cash and Liquidity module, and the Bank Account Management module and the Cash Forecasting module.We had to replace an unstable homegrown treasury workstation, as it was requiring manual intervention every day for every task. While we do not directly interface with any ERP, as our company has grown by acquisition and we acquired many different ERPs, that remain by business unit today, we have managed to automate the main accounting function that was in place with the old system.That system was also our storage place for entitlements and banking information. We have converted all that information over to Kyriba.Our next implementation will be Cash Forecasting, which will replace an Excel spreadsheet being used right now.,The Cash Accounting area of the Cash Management Module has been very well received by the very skeptical accounting team that requires it. We finally have it running just the way they want it to, with the information they requested. Win for us!
The Bank Account Management module is addressing issues that the audit [team] had with the old system, as we are able to utilize it to give exact information, whereas the other system was limited in its scope. Another win for us.
Love Kyriba Social! It is a great way to see what other users think. I also love being able to see all of the cases I open along with the resolutions, as sometimes the same thing happens and I can just refer to those.,We need to have the ability to make changes to canned reports. I currently have a report that has over 20 lines that are unnecessary, but I can do nothing about it.
Assumptions are made globally for all users. Every use has different needs/wants and global assumptions should not be made.,9,Definite increase in productivity, due to not having to babysit the old system through every task.
When I presented the need for a SaaS solution to upper management, I did a time and motion study and determined that the savings were substantial.
One of the main reasons Kyriba was chosen was that there was 24/7 support available. I was that support for the homegrown system!,Integrated product platform (cash and risk management, payments, SFC, etc.)
Bank connectivity
Commitment to security
SaaS solution (cloud),SAP Access Control, IT2 and GTreasury,Concur Expense,12,2,Cash Positioning and Reporting
GL Accounting
Bank Account and Bank Entitlement Storage,Auto reconciliation with SAP
Audit Reporting,Cash Forecasting
Bank Account Fee Analysis,10,Yes,Price
Product Features
Product Usability
Prior Experience with the Product,Do not bring in the "big guns", as that is not what was needed and was really a waste of time reviewing their outrageous RFP responses.,Implemented in-house,Yes,Change management was a major issue with the implementation,Having the time tow work on the implementation. This was one part of a full time job.
Change management.
Perfecting reporting.,8,No,10,No,I came upon an issue that I or they had never seen before. We were able to work together to resolve it to both of our satisfactions.,Automated Reporting, once it is set up you can forget about it.,GL Mapping
Entitlement entry
Entitlement Reporting--Too may unnecessary columns included,8Terri Haga, CTP
Unspecified
Kyriba
32 Ratings
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