Leverage the Power of Automation
April 11, 2024
Leverage the Power of Automation
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Kyriba Treasury
- Kyriba Payments
- Kyriba Risk Management
- Bank Account Management
- GL / Accounting
Overall Satisfaction with Kyriba
We leverage Kyriba today on a global scale to capture our bank statement reporting to support cash positioning and forecasting, and to support our global payment activity. Having Kyriba in maintain our banking connections for our payment activity allows us to minimize the strain on our IT department from maintaining the numerous connections and free them up for more value-added activities. We also leverage Kyriba for other functionality as well, such as FX hedging, accounting, bank account management, capturing debt/investment positions, etc. This has allowed us to standardize processes, increase controls by reducing reliance on banking portals, and provide more real-time visibility into cash balances/forecasting to make more proactive strategic decisions.
- Bank Connectivity (inbound/outbound)
- Liquidity management and analytics
- Increased automation of processes
- Training/classes are too expensive
- Too many enhancements rolled out on new modules, increasing the annual cost of the tool or the ability to integrate more/fully leverage the tool.
- Continued improvement in the reporting and dashboarding capabilities
- Reduced manual bank ERP bank connections from over 200 to a singular Kyriba connection in 2 formats reducing internal IT resources to own/manage.
- Provided real-time global cash balances to support strategic decisioning
Kyriba is a more user-friendly tool with a robust ecosystem of partner applications, banks, etc.
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