Overall Satisfaction with Kyriba
Kyriba 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.
- 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!
- SAP Access Control, IT2 and GTreasury
Using Kyriba
Treasury Manager-main user
Treasury Analyst-Backup
- Cash Positioning and Reporting
- GL Accounting
- Bank Account and Bank Entitlement Storage
- Auto reconciliation with SAP
- Audit Reporting
- Cash Forecasting
- Bank Account Fee Analysis
Evaluating Kyriba and Competitors
- Price
- Product Features
- Product Usability
- Prior Experience with the Product
Kyriba Implementation
- Implemented in-house
Change management is hard on everyone, especially upper management who are used to being handed what they want, when they want it, in the format "they have always gotten it in". Once I could show them that the new reporting was just as good, if not better, than the old, they came around.
Same with The GL Accounting. Accountants are pretty set in their ways and had been bamboozled into believing that what they were getting was all that was available. Once I could show them that was not true, all was well.
- Having the time tow work on the implementation. This was one part of a full time job.
- Change management.
- Perfecting reporting.
Kyriba Support
Pros | Cons |
---|---|
Quick Resolution Good followup Knowledgeable team Problems get solved Kept well informed No escalation required Immediate help available Support understands my problem Support cares about my success Quick Initial Response | None |
Using Kyriba
Pros | Cons |
---|---|
Like to use Relatively simple Easy to use Technical support not required Well integrated Quick to learn Convenient Feel confident using | Lots to learn |
- Automated Reporting, once it is set up you can forget about it.
- GL Mapping
- Entitlement entry
- Entitlement Reporting--Too may unnecessary columns included