Item: Kyriba
Rating: 9
Author: Jason Ferguson

Overall Satisfaction with Kyriba

Use Cases and Deployment Scope

Bank Balance and Transaction reporting, FX & cash mgmt, long term debt, bank guarantees, cash forecasting, investments, and their supporting accounting modules.

Pros and Cons

Pros

Clean, clear UI with user customizable workflows.
Robust feature set and abundant options to configure modules.
Integration with ERPs, FX trading platforms, investment portals
Excel API. The ability to press a button and sync reports/data with Kyriba allows for a lot of flexibility in reporting.
The analytics module, while "extra" offers a strong offering for native visualization capabilities.

Cons

Pricing. Transparency (itemized pricing wasn't offered us), strong premium against peers, and every little thing is an added cost (EG they bill per user, per module).

Return on Investment

All Treasury data in one place. From automated flows reporting in from financial institutions to storing our contracts - all of our information is in one system, logically stored.
Excel API - further lets us access all that data to run analytics very quickly. Especially when evaluating something new - this is a gamechanger. Longer term solutions like their platform analytics or external visualization tools can be transitioned to after initial mockup.
Workflows allow for clear configuration of process allowing us to maintain process integrity and simplify throughout the org.

For the amount of configurability available in the system, Kyriba becomes intuitive to use. Clear process maps and consistency in UI/setup across modules definitely help the learning curve and uptake. They expose a wide breadth of their most common features as you navigate the system. Centralized dashboards and ability to use an app all help here as well.

Some screens/processes do require drilling a few levels deep while it seems this information could be more easily accessible. Cross module interaction (flowing from financial transactions to cash for instance) may not always be as intuitive however.

Alternatives Considered

I've had experience with FIS Quantum, Integrity and WSS. Kyriba is much simpler to navigate while still offering a full feature set.

Key Insights

Do you think Kyriba delivers good value for the price?

Not sure

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

Other Software Used

LSEG FX Trading

Likelihood to Recommend

Kyriba is a fully featured TMS that offers SaaS ease of maintenance and implementation. Because of the amount of customization and feature set, cost is higher, implementation time can be longer against some of the other other options in the market. That said - for those looking for a SaaS platform TMS, Kyriba offers almost everything that can be asked for and often beats competitors in pure capabilities and features. There is also a steep learning curve - so for simpler Treasury orgs, the cost likely isn't worth it.

Kyriba Feature Ratings

Comments

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Kyriba Treasury Management System

Modules Used