1. Home
  2. Treasury Management Software
  3. Kyriba Reviews
  4. User Review of Kyriba
Great SaaS TMS and strong business partner
February 15, 2018

Great SaaS TMS and strong business partner

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Kyriba

Kyriba is used globally for the following:

  • Global Cash Balances & Forecasting
  • FX Deals (via FXAll) & Revaluation
  • Borrowing & Investments
  • GL posting for Cash & Accruals
  • STP Payments
  • Treasury & Finance Reporting

Kyriba allows consolidated Treasury functionality for all regional Treasury teams as well as supplemental reporting to Finance teams. Having a global platform facilitates globally standard processes, controls, and functionality.

  • Flexible configuration and user friendly interface
  • Integration between modules (cross-functional) and standardized templates for reporting & data exchange
  • Strong partnership with clients; willing to work to understand needs and accommodate where possible
  • Reporting is rigid and does not cross modules in most cases; Excel still required for some small tweaks that should be included in system reports
  • Debt module has issues which prevent taking full advantage of system potential
  • Decreased costs associated with Treasury technology both direct (system support & subscription costs) and indirect (expensive technical personnel to maintain TMS configurations; internal IT infrastructure)
  • Globally accessible and standard platform which can be centrally managed and easily deployed at a regional or functional level
  • Standardized platform to external system linkages (ERPs, execution platforms, Reporting & Finance systems)
Kyriba offers a more comprehensive and end to end workflow for a SaaS offering. It is structured around Cash management/visibility but has sufficient functionality for complementary functions to serve as a stand-alone system at a better cost than its competitors. It is more mature as a product without being too functionally convoluted or diffuse.
Kyriba is great for granular cash management and payments. It is well suited to gaining quick visibility to cash transactions and balances and is flexible enough to setup effective workflows for payments without requiring exceptional technical skills. The interface and standardized templates make the system accessible to users of all levels and for the most part modules talk to each other so the lifecycle from deal capture to payment to cashflow can be streamlined and allow for easy forecasting. User access is highly customizable to allow flexibility and regional/functional segregation of duties. The menu maps and audit history are also effective tools for standardizing workflows & control points for Audit. The ability to schedule distribution of reports is also very helpful. Kyriba would benefit from more robust reporting across modules as well as a better system for managing and communicating system enhancements.