My Kyriba Review
February 12, 2018
My Kyriba Review
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Kyriba
Kyriba is used as a previous day accounting tracking software. It generates and posts journal entries from prior day bank statements, about 10,000 entries per month. It is also used as an account reconciliation tool for accounting. It also provides forecasting detail for treasury and numerous month end reporting reports. It addresses a lot of business problems from the easy to use data for multiple business units.
- It tracks prior day reporting well.
- It generates numerous journal entries daily.
- It is a great tool for month end reports.
- It is not a robust forecast tool. Too many factors in forecasting to be super helpful. But I have not found a software package that can do it better than Excel.
- Multilayered companies can find it hard to position daily cash. The biggest constraint is timing from the banks. Kyriba could do it except bank files are not timely enough to provide value.
- Better reporting. It has nice reporting features but needs to integrate those features more withing their program.
- It has a positive impact because we are able to use Kyriba more than just a treasury workstation. We use it for many groups within our organization.
- It has decreased FTEs as we are able to use daily and monthly reporting to enhance multiple business units.
- It has added a good deal of value for the data it can produce. Using this data with other tools has produced some very good output.
- IT2, treasura and wall street
Kyriba is just a good as the other products available. It is easy to use and understand. However, they need to enhance their offering to show value above and beyond the other workstations. Since, we are a domestic company, Kyriba works well. If we had more advanced scenarios, it would have been a much harder analysis.