Would Purchase Again
February 17, 2024
Would Purchase Again
Score 8 out of 10
Vetted Review
Verified User
Modules Used
- Kyriba Treasury
- Kyriba Payments
Overall Satisfaction with Kyriba
Initially, we started using Kyriba for more streamlined cash reporting. We were a rapidly growing company and the trying to run liquidity reports in Excel, from multiple different bank portals, was becoming incredibly cumbersome. It became obvious, fairly quickly, we need a scalable solution to support our cash operations through multiple growth stages. Kyriba allows us to aggregate all bank portal + account activity in one spot with intra-day reporting available in a matter of seconds. It is one source of truth for all cash, payments, account-related data and keeps our head count static, despite growth, because of the automation available. We are in the process of exploring additional modules to optimize other parts of our department - auditing, reconciliation, covenant tracking - but Kyriba has been a game-changer.
- Connectivity to bank portals is great
- Addresses more than just cash/cash reporting, multiple modules available for process enhancement across your department
- Does not internal tech team for implementation so we were able to move much faster
- Kyriba is not very intuitive. It takes time and a ton of effort to leverage as an asset. Once you get there, it is worth it.
- Connectivity file formats sold to us up front ended up changing during implementation.
- Classes/seminars to learn more about Kyriba are incredibly expensive on top of your annual fees.
- I firmly believe Kyriba is the reason we have been able to keep our headcount static, despite growth. We would 100% have to hire another employee without the automation efforts embedded within.
- We are able to get reporting to Senior Leadership in a matter of minutes. Prior to Kyriba, this took hours to aggregate and analyze data from multiple sources.
- The time it takes to learn Kyriba cannot be overstated. Do not think you will implement and be off to the races. We had to dedicate an entire person on our team to get this up and running and learn the ins/outs to ensure it was an asset.
- Excel Database Tasks (EDT) and Microsoft Excel
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?
No
Did implementation of Kyriba go as expected?
Yes
Would you buy Kyriba again?
Yes