650+ hours per month saved with Kryiba!!
March 25, 2022

650+ hours per month saved with Kryiba!!

Benjamin Seal, CTP | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • Kyriba Treasury
  • Kyriba Payments
  • Kyriba Risk Management

Overall Satisfaction with Kyriba

Cenveo Worldwide Limited uses Kryiba to manage the daily net liquidity of the company. Kyriba exceeded our expectations with the implementation of multiple modules that allowed us to eliminate labor-intensive processes eliminating 650+ cross-function hours. With the use of Kryiba, the Treasury team has access to real-time liquidity positions without having to manage multiple bank portals. With the implementation of the payment builder module, Cenveo continues to have complete control of payments at the individual level but gained additional functionality in analytical data that was labor-intensive to extract previously. The bank fee analysis module provided Cenveo with the granular analytical data to mitigate additional fees that were not part of the contract. We are extremely satisfied not only with the Kryiba as a solution but as with the level of customer support and continued focus on exceeding the client's expectations. We look forward to building upon the modules that we have implemented to date.
  • Customer Support
  • Bank Connection
  • Cash Forecasting
  • Bank Fee Analysis
  • Cash and Liquidity management
  • all of our users are extremely happy with the user-friendly system; however, in some areas, a "back" button with be helpful, or not having to select "view all" would be helpful.
  • 650+ hours saved per month
  • ROI > $1 million as Treasury is able to dedicate resources to other projects vs. just managing cash
  • 100% real time visibility and accuracy of liquidity
  • 94% accuracy of cash forecasting
  • approx. $20k of cost avoidance in banking fees

Do you think Kyriba delivers good value for the price?


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Did Kyriba live up to sales and marketing promises?


Did implementation of Kyriba go as expected?


Would you buy Kyriba again?


Cenveo evaluated multiple Treasury Management Systems; however, Kryiba was the only one that could provide us with the solution for our AP payments. Cenveo required the TMS to allow at least 2 levels of approval in selecting and paying vendors at the invoices level & clearing those from our ERP system.
Kyriba is extremely user-friendly from implementation to daily use requiring minimal training for users specific to one area/module. Kyriba is perfect for stress testing forecasts; providing additional insight into potential risks facing the organization. With the increased visibility and accuracy into cash position (both short-term & long), Kryiba allows the Treasury team to optimize resources for a greater ROI. Other items include reducing bank fees, optimization of payments, and risk reduction by providing a level of support to reduce human error.

Using Kyriba

5 - Users include AP Department, Treasury, and Accounting
5 - VP, Treasury is the "power user" providing training and assistance to the other four users from our AP and accounting team