A consultant's view
February 12, 2018

A consultant's view

Robert (Bob) Hemstreet | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Kyriba

The company I am currently working with uses Kyriba to support their regional cash management teams (daily cash positioning, forecasting, payments, debt management, etc.).


  • Kyriba is a very useful tool for putting together daily cash positioning. For companies that operate regional treasury centers, each center can have their own cash positioning, including pooling arrangements where necessary. In addition to being able to analyze positions at a high level, the system allows for drilling down into the details when necessary.
  • Payments are easy to process using the Kyriba tool. Templates can be set up for repetitive payments. If the volume of payments dictate they can be uploaded from an Excel spreadsheet again simplifying the process. Controls and limits can be established in the system, requiring separation of duties (input, approve, release).
  • Dual administration and Security features of the system a re robust. Dual Administration requires two system administrators to be involved with critical aspects or date related details. Single Sign-On and Dual Factor Authentication is easy to establish for those organizations focused on security and control. In addition, IP address filtering can also be set up requiring that users access Kyriba only through their own VPN.
  • Kyriba Suppot is outstanding. The implementation managers and the support teams are well trained, very customer focused and responsive.


  • From my experience I think the initial start up could be handled better. The Referential Workbook tends to be a bit confusing at first. I think this is particularly difficult for a company that doesn't have any prior experience with a Treasury Management System.
  • The reporting in Kyriba is good, but it is not great. There are standard reports that do have some flexibility. But I have run into situations where I would like more detail on a report that is not availalble. I would like to see a more robust report writer.
  • It is frustrating at times when there is not functionality in the system that would be helpful and due to the Kyriba model that is somewhat difficult to achieve unless other clients are requesting the same type of enhancement. No customization!
  • The biggest savings come from reduction of manual effort. The process of retrieving daily bank statements becomes easier and more reliable. Creation of cash journal entries becomes easier using the automated processes that Kyriba supports. Reduction in the number of electronic bank platforms, which also means less security tokens, userid's and passwords. This translates to a reduction in System Administration time and effort.
Kyriba is well suited for monitoring day to day cash activity facilitating decision making related to funding working capital, placing investments, or borrowing as necessary. The product works well in a regional treasury scenario where all the teams can use common processes and common tools. It also lends itself well to business continuity, allowing regional treasury centers to back each other up as necessary.


  • Erik Bratt | TrustRadius Reviewer
    Hi Bob, just a note to say thank you for your very positive review and comments. We are grateful. Regarding some of your comments, we are taking a more customized approach to implementation via partners. Through our Center for Excellence, we are making sure our partner experts are fully certified and thoroughly trained to streamline each and every implementation, even for first time TMS users. In terms of reporting, we are excited to announce the launch of our business intelligence tool, which will provide amazing flexibility, reporting and visualization. Thank you again, Erik

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