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Kyriba

Kyriba

Overview

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…

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Recent Reviews

10/10 Cash Management!

10 out of 10
March 08, 2024
We have been using Kyriba since our go-live deployment in 2020. It has been instrumental in improving our daily cash management and
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Would Purchase Again

8 out of 10
February 17, 2024
Initially, we started using Kyriba for more streamlined cash reporting. We were a rapidly growing company and the trying to run liquidity …
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TrustRadius Insights

Kyriba is a versatile treasury and financial management software that has proven to be a valuable tool for various departments within …
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Kyriba Review

10 out of 10
August 14, 2020
Incentivized
We are currently in the implementation of several modules in Kyriba, but we are also using several modules in our day-to-day. We have the …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Reviewer Pros & Cons

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Product Demos

Kyriba Cash management

YouTube
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Product Details

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.

Kyriba Features

Treasury Management Features

  • Supported: Cash and Liquidity Management
  • Supported: Financial Fraud Prevention
  • Supported: Treasury Management Payments
  • Supported: Bank Account Management
  • Supported: Treasury Risk Management
  • Supported: Treasury Reporting
  • Supported: Liquidity Forecasting
  • Supported: Market Data

Kyriba Screenshots

Screenshot of The Liquidity Analytics Dashboard in Kyriba 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 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 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 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 Risk Analytics Dashboard in Kyriba helps financial risk. It helps answer questions like, How much is available on my credit lines? What is my borrowing profile? What is the value of my financial assets?Screenshot of The Supply Chain Finance Analytics Dashboard in Kyriba 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.

Kyriba Video

Kyriba Overview

Kyriba Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android, 8587750882
Supported CountriesAll
Supported LanguagesArabic, English, French, German, Spanish, Italian, Chinese, Polish, Portuguese, Japanese, Russian, Romanian, Serbian, Turkish.

Frequently Asked Questions

Reval, FIS Treasury and Risk Manager, and GTreasury are common alternatives for Kyriba.

Reviewers rate Cash and Liquidity Management highest, with a score of 8.8.

The most common users of Kyriba are from Enterprises (1,001+ employees).

Kyriba Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)0%
Enterprises (more than 500 employees)100%
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Comparisons

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Reviews and Ratings

(48)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Kyriba is a versatile treasury and financial management software that has proven to be a valuable tool for various departments within organizations. Users have praised its ability to manage bank accounts, facilitate smooth transactions, and ensure timely payment of bills. With detailed reports and daily reconciliations, Kyriba can be compared to high-end software in terms of functionality. It offers a range of services including Treasury Management and Financial Risk Management, making it an essential tool for managing financial operations.

One of the notable features of Kyriba is its supply chain finance capabilities, risk management tools, payment processing functionalities, and fraud management features. Acting as a payment hub, Kyriba connects different regions and banks within an organization, streamlining the flow of information and funds. The software automatically receives end-of-day and intraday statements, forwarding them to various teams across the company. It also handles the transformation of payment files into valid SWIFT files and sends them to main banks via SWIFT communication channels.

Although users have generally had positive experiences with Kyriba, there have been occasional issues with servers leading to blocked files and duplicate payments. Some users have also found the setup of loans in Kyriba to be less user-friendly and lacking certain options related to accruals and settlements. Additionally, managing tokens/licenses in Kyriba can be messy and confusing, often requiring multiple tables and review by the account manager.

Despite these minor drawbacks, Kyriba has become an indispensable tool for departments such as Treasury and Accounting. It helps with bank reconciliation, payment processing, cash flow analysis, and monthly bank fee monitoring. By replacing unstable homegrown treasury workstations, Kyriba provides a centralized platform for storing entitlements and banking information.

Kyriba integrates seamlessly with corporate ERPs like SAP Business One, assisting in resolving liquidity allocation, cash pooling, and interest risk management. It reduces mistakes and technical problems with bank statement integrations while improving reporting efficiency. This centralized system enhances clarity and visibility into cash management, aiding in accurate forecasting and supporting critical financial decisions.

Furthermore, Kyriba offers a range of features that simplify treasury management. It centralizes payments and deals booking, generating journal entries, reconciling accounts, and providing forecasting details. This functionality addresses various business problems for multiple units within an organization. With its ability to handle tasks such as cash positioning, cash flow forecasting, GL interface, and loan management, Kyriba has become an essential tool in different geographic regions.

The software assists in managing banks, accounts, signers, cash, debt, financing vehicles, and hedging efficiently and proactively. Users appreciate that Kyriba eliminates the need to log into multiple bank portals, as it consolidates all banks and transactions into one system. It simplifies cash position management by providing a real-time view across all banks through the cash position worksheet.

Kyriba also offers time-saving automation features. Users can create rules to automate general ledger entries for the Cash Accounting team, reducing manual work and improving efficiency. The software generates automatic reports for other departments, providing them with cash balance information on all accounts.

This powerful tool supports regional cash management teams in their daily operations, including cash positioning, forecasting, payments, debt management, and bank fee analysis. It serves as a central hub for consolidated Treasury functionality for regional teams and offers supplemental reporting to Finance teams.

In addition to its treasury functionalities, Kyriba is widely used by corporate treasury departments, accounting teams, and operating units. It centralizes netting, bank account management, bank fee management, and G/L accounting into one system. This consolidation of functions streamlines processes and promotes efficiency within organizations.

Overall, Kyriba's suite of tools helps address key challenges faced by users in reporting, accounting, and streamlining manual processes. With features like automated bank reconciliations and real-time liquidity positions, it improves efficiency in treasury and accounting functions. By providing clarity and visibility into cash management, Kyriba enables accurate forecasting and supports strategic business decisions. Through its centralized platform, it simplifies payment processing tasks, reduces errors, and enhances overall financial management within organizations.

Dynamic and Easy to Use: Users find Kyriba to be a dynamic system that is easy to use and helps keep their cash management in order. Several reviewers have stated that they appreciate the user-friendly interface and how it simplifies their daily tasks.

Predictive and Automatic Software: Users consider Kyriba to be a predictive and automatic software that greatly aids in treasury management. Many users have mentioned its perfect daily reconciliations and the absence of errors, which saves them time and ensures accurate financial data.

Bank Account Management Features: Users appreciate that Kyriba has features for bank account management and praise its short learning curve. Multiple reviewers mention that it effectively maintains a large multi-bank account structure, providing daily visibility to all bank account balances for Treasury and other departments.

  1. Inconsistent System Processing: Some users have found the system processing to be inconsistent across different modules, which has been confusing and taunting for them. This inconsistency adds complexity and makes it harder for users to navigate and understand the software.
  2. Poor Customer Service Responsiveness: Users have repeatedly expressed frustration with the unresponsiveness of Kyriba customer service. Many state that they rarely receive a reply within a day, causing delays in issue resolution and hindering their overall experience with the software.
  3. Limited Customization Options: Multiple users have encountered difficulties in customizing the software to fit their specific needs. They find it challenging to make changes to canned reports and believe that global assumptions should not be made for all users, as it restricts flexibility and customization potential within the system.

Users of Kyriba have provided several recommendations based on their experiences with the product. The most common recommendations include:

  1. Allocate time and budget for implementation: Users suggest being committed to the learning curve and setting aside sufficient time and resources for the implementation process, especially for larger and more complex organizations.

  2. Partner with banks for assistance: It is recommended to partner with banks that can provide support and guidance during the implementation process. This can help streamline the integration of Kyriba from the bank's end, ensuring a smoother transition.

  3. Consider number of users and roles: Users advise considering the number of users and roles within the organization when weighing the costs per user against the benefits of cross-training and having independent Kyriba users from those authorizing payments. This can help optimize efficiency and ensure proper control over financial transactions.

Overall, users highly recommend Kyriba for its ability to handle automatic systems for financial treasury, its suitability for global business needs, and its modular model that makes deployment easier. It is also suggested to talk to other customers for second opinions or tips, as well as to have a consultant to drive the implementation process effectively.

Attribute Ratings

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