Item: Kyriba
Rating: 10
Author: Verified User

Overall Satisfaction with Kyriba

Use Cases and Deployment Scope

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.

Pros and Cons

Pros

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

Cons

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

Return on Investment

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)

Alternatives Considered

FIS Treasury, Reval and Openlink Cloud

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.

Likelihood to Recommend

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.

Comments

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Erik Bratt
(Vendor Representative) commented 6 years ago
Thank you for your positive rating .. and great headline :). Regarding some of your comments -- overall, our clients have been happy with our reporting, but we are excited to announce our new business intelligence module, which should solve many of your concerns in this area. We are already working on our major improvements to our debt module, and think you will be happy. Thank you again for your feedback, and for being a Kyriba client. Erik

Great SaaS TMS and strong business partner