Overview
Product Information on Kyriba
What is Kyriba?
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Overall experience with Kyriba
“Automated Daily Treasury Processes”
“Centralized Treasury Management Improves Efficiency but Reporting Remains Challenging”
About Company
Company Description
Kyriba, a San Diego-based company, offers a specialized solution for CFOs and treasury and finance leaders aimed at transforming how teams connect, protect, forecast and optimize their liquidity with intelligence and automation. The company's Liquidity Performance Platform, facilitates connection between internal applications for treasury, risk, payments and working capital, with corresponding external sources including banks, ERPs, trading platforms, and market data providers. The network operates on a secure, highly scalable SaaS platform which employs artificial and business intelligence, allowing companies to optimize growth potential, safeguard against fraud-related losses and financial risks, and minimize costs via advanced automation. The company operates globally with additional offices located in the Americas, Europe, Asia Pacific, and other major locations.
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Reviewer Insights for: Kyriba
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Kyriba Likes & Dislikes
What I like most about Kyriba is the level of automation it brings to our day-to-day Treasury processes. Having a single platform where we can complete tasks across multiple banks and access all bank transactions in one place has resulted in significant time savings. The payments factory has streamlined our payment processes and greatly improved visibility into rejected payments, eliminating the need to review individual bank reports. Payments also automatically flow into the cash management book, which further improves efficiency. The GL reconciliation module, combined with the automated cash accounting journal entries, has automated nearly our entire bank reconciliation process. The Kyriba 'New Features' sessions are another highlight, as they help us stay informed about enhancements and identify additional opportunities to further improve our processes and system configuration. The support team is quick to respond to inquiries and are always willing to schedule a video call when needed to resolve an issue.
Great at aggregating cash to get a full picture. We save a ton of time by creating rules to assign categories and GL accounts. Setting up exports is pretty simple to get the data out of the system. It's great to have a central place for treasury to work in and report out of.
File simplification - we are able to send one type of file to Kyriba, who then formats that to each of our banks; conversely Kyriba receives many files from our banks and sends us one. This one-to-many format is expected to greatly reduce IT development time. Flexibility - both a blessing and a curse, the system's flexibility, allows for us to configure processes and reports that best suit our needs. More than just hiding non-applicable rows, we can tailor reports and flows for our business. Online help - Kyriba introduced a contextual online help, where users are taken to help pages specific to the screen they are on to get more targeted support.
The biggest area of opportunity is in the reporting capabilities. Standard reports offer limited flexibility, often requiring multiple reports to be run in order to obtain the necessary information. In some areas, additional filtering options would be beneficial.
The data is all there but there isn't a lot of custom and dynamic reporting options available. The cash worksheets are hard on the eyes and dashboards are difficult to set up. We end up pulling all our data out of Kyriba and into excel for reporting to management.
Implementation was difficult. If your treasury processes are more complex than basic corporate treasury, you will need to spend a lot of time on getting the right system for your organization.
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Kyriba Reviews and Ratings
- Finance Manager10B+ USDMiscellaneousReview Source
Automated Daily Treasury Processes
Implementing Kyriba has been a very positive experience for our team. While it represented a significant change for the team and required more time than initially expected to configure the system to meet our specific needs, the benefits have been substantial. Kyriba has streamlined our transaction processing, enhanced cash management, and significantly reduced manual effort across multiple processes. As a result, our team is now able to focus more on value-added activities. - Director of Finance50M-1B USDBankingReview Source
Great software once implemented.
We adopted Kyriba to enhance our treasury process controls and enhance our internal capabilities with processing real-time payments across multiple banks. While the system has quite the learning curve, the investment was well worth the effort to simplify our infrastructure through one system. Kyriba was there to solve some specific issues that we needed to address. - Finance Manager50M-1B USDTravel and HospitalityReview Source
Centralized Treasury Management Improves Efficiency but Reporting Remains Challenging
The product is top in-class and has saved our team countless hours in processing daily cash liquidity, cash accounting journal entries, reporting requirements and just in general being able to have more visibility into our global cash position. The three starts vs four or five is due to some UI related shortcomings that make it hard to fully replace reporting in Excel. The reporting functionality could be more visually appealing and easier to manipulate. - Director of Finance1B-10B USDTravel and HospitalityReview Source
Continuous Development In Kyriba TMS Increases Integration And Reduces Manual Processes
Kyriba has proven to be a world-class leader in the continued development of enhanced treasury management systems. The firm's focus on functional improvements and streamlined efficiencies that benefit global clients makes Kyriba clear choice for multi-national corporations. - Finance Manager1B-10B USDRetailReview Source
Kyriba brings an upgrade your Treasury Reporting!
We received an upgrade of our Treasury Reporting by implementing Kyriba software. This is a long overdue upgrade for our corporate treasury reporting group. Kyriba helps us to have comprehensive daily and monthly reporting, review our cash position and forecast, helps us to have a consolidation of both bank and ledger data collection, and helps us to reconcile cash on a daily basis.