650+ hours per month saved with Kryiba!!
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.
Pros
- Customer Support
- Bank Connection
- Cash Forecasting
- Bank Fee Analysis
- Cash and Liquidity management
Cons
- 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?
Yes
Are you happy with Kyriba's feature set?
Yes
Did Kyriba live up to sales and marketing promises?
Yes
Did implementation of Kyriba go as expected?
Yes
Would you buy Kyriba again?
Yes
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.
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
Comments
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