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Kyriba

Score9.8 out of 10

51 Reviews and Ratings

What is Kyriba?

Kyriba empowers CFOs, Treasurers and their IT counterparts to transform liquidity as a dynamic, real-time vehicle for growth and value creation.

Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth, protect against loss from fraud and financial risk and reduce operational costs.

Kyriba states that for more than 2,500 clients worldwide, including 25% of Fortune 500 and Euro Stoxx 50 companies, their platform manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually. Kyriba is headquartered in San Diego, with offices globally.

Media

Screenshot of the Liquidity Analytics Dashboard in Kyriba, which offers a real-time and actionable overview of an organization's liquidity position and related metrics, helping treasury professionals make informed decisions and ensure optimal cash management strategies.
Screenshot of the Cash Analytics Dashboard in Kyriba, that presents crucial financial information that enable finance teams to answer questions like, Do I have enough cash? Are my cash forecasts reliable? What is my activity with banks?
Screenshot of the Payments Analytics Dashboard in Kyriba, that gives users an at-a-glance overview of their organization's payment activities, ensuring efficient payment processing, compliance with approval workflows, and effective management of financial transactions.
Screenshot of the Compliance Analytics Dashboard in Kyriba, that helps users monitor and manage fraud risks, ensure compliance with regulations, and respond to potential incidents, thereby safeguarding the organization's financial integrity and reputation.
Screenshot of the Risk Analytics Dashboard in Kyriba, which helps to manage financial risk by answering questions like, How much is available on my credit lines? What is my borrowing profile? What is the value of my financial assets?
Screenshot of the Supply Chain Finance Analytics Dashboard in Kyriba, that helps users manage and optimize their organization's working capital position, improve the cash conversion cycle, and make informed supply chain financing decisions to achieve financial efficiency.

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Screenshot of the Liquidity Analytics Dashboard in Kyriba, which offers a real-time and actionable overview of an organization's liquidity position and related metrics, helping treasury professionals make informed decisions and ensure optimal cash management strategies.

Top Performing Features

  • Cash and Liquidity Management

    Tracks the flow of cash to give an accurate, real-time picture of liquidity.

    Category average: 8.3

  • Liquidity Forecasting

    Forecasts future liquidity/cash flow based on current trends.

    Category average: 8.2

  • Treasury Management Payments

    Allows you to make secure, reliable payments within the platform.

    Category average: 7.9

Areas for Improvement

  • Market Data

    Provides up-to-date market data to allow for informed financial decisions.

    Category average: 7

  • Financial Fraud Prevention

    Detects and alerts on potentially fraudulent transactions to increase security.

    Category average: 6.9

  • Treasury Risk Management

    Provides up-to-date information on risk exposure across financial accounts.

    Category average: 6.5

With Kyriba we have greater order and control in our treasury management

Use Cases and Deployment Scope

Kyriba is powerful cash management software. At first we did not believe that this software would bring us so many benefits, but today we cannot stop using it. The management of the bank account is very good, it allows us to pay the bills on time, it does not slow down the transactions, it is not an expensive software, since the benefit is greater. We started using it due to the lack of software of this type, since the process was manual and a bit clumsy, Kyriba offers us a very good service, the reports are detailed and with daily reconciliations at the level of a high-end software.

Pros

  • It is a very dynamic system, it does not require training and we keep our cash management in order.
  • I like that it is cloud based, because it is safe to use and results are seen quickly.
  • It is a very predictive and automatic software to achieve great treasury management.
  • Perfect daily reconciliations, no errors, Kyriba has bank account management features, has a short learning curve.

Cons

  • I have no complaints since we started using it, it is a proactive and dedicated system in its functions, treasury management is the most proactive thing we have noticed, we know that there is similar software, but not with the same features and scalability as Kyriba.

Return on Investment

  • With Kyriba we have improved remarkably in all aspects, our finances are in order, accounts with suppliers are paid on time and we constantly follow up on accounts, our finance department is now more productive than ever now that we use Kyriba.
  • Perfect for streamlining outstanding bills, cash flow is very good and there are no technical details with Kyriba.

Other Software Used

Xero, NetSuite ERP, FreshBooks

Best cash management system.

Use Cases and Deployment Scope

The Treasury business may meet its operational needs in the areas of cash management, bank management, payments, liquidity, etc. with the help of Kyriba, an approachable piece of software. The number of mistakes and technical problems with bank statement integrations was reduced. Our reporting has greatly improved, taking much less time and effort.

Pros

  • It has very strong connectivity with banks for bank statements.
  • I appreciate being able to accurately predict my cash flows.
  • Since it is cloud-based, there is no software to keep up on servers.

Cons

  • It is difficult to implement.
  • Kyriba customer service is unresponsive; I rarely get a reply within a day.
  • It is very hard to customize.

Return on Investment

  • It's simple UI and ease of integration with other ERP further improves productivity.
  • Its ability to get reports quickly saves time.
  • Tracking of cash management is easy and helpful.

Alternatives Considered

SAP Treasury and Risk Management and HighRadius Autonomous Treasury

Other Software Used

HighRadius Autonomous Treasury, SAP Treasury and Risk Management, Nomentia

650+ hours per month saved with Kryiba!!

Use Cases and Deployment Scope

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.

Return on Investment

  • 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

Alternatives Considered

HighRadius Autonomous Treasury, GTreasury and SAP Treasury and Risk Management

Other Software Used

Oracle Enterprise Data Management, Hubble

KYRIBA - UNLEASH THE POWER OF YOUR CASH

Use Cases and Deployment Scope

We use Kyriba in order to manage currencies risks, payments, intercompany loans, bank loans, and intercompany cash reconciliation. Kyriba is fully integrated with corporate ERP (GAMMA ENTERPRISE distributed by TEAM SYSTEM) and SAP Business One. Kyriba helps us to resolve some problems as: - liquidity allocation between different banks in order to maintain a correct balance among the accounts; - cash pooling management between corporate and subsidiaries (12 entities); - loans simulation in order to manage interest risk.

Pros

  • liquidity allocation between different accounts
  • loans simulation in different scenarios
  • payment management

Cons

  • credit collection
  • customer risk analysis
  • currency risk management

Return on Investment

  • reduction of interest cost due to correct liquidity allocation among different accounts
  • reduction of currency exchange rate impact due to cash pooling implementation
  • reduciton of time to reconcile and manage intercompany transaction

Demands attention and concentration but worth trying

Use Cases and Deployment Scope

Kyriba is a great product that has been rendering its services in the cloud treasury and financial management department. This product is known to serve services in Treasury Management and Financial Risk Management. There are so many amazing and unique features in this product like supply chain finance, risk management, payments, and fraud management. It is giving me fantastic services. Our department is satisfied with its services.

Pros

  • Coming to the things going well of this amazing product then I think that the forecasting element of this product is a good aspect about it.
  • This product has a primary goal and objective of empowering financial leaders along with their teams with the rightful solutions for cash and risk management.
  • The reconciliation automation is also a great facet about the unique software.
  • This solution works well for position a cash flow creation. Altogether, the pros of this software are endless.
  • In Treasury Management, this product is used in bank reporting, cash positioning, bank account management, and even cash account management.

Cons

  • There are a few downsides as well for this product like the system processing is different with different modules which are quite strange and sometimes get pretty taunting for the users.
  • Also, the debt module needs improvement and should become more relevant to the overall software. This is one of the biggest cons I would say and it also needs to be fixed immediately for a better user experience.

Return on Investment

  • The forecasting element is quite easy to use as well because we have been able to simplify all the processes simultaneously with saving a lot of time.
  • One thing that annoys me a lot is the unnecessary logging out amidst working on something important.
  • The product just centralizes all of the treasury payments and it also saves time to quite a large extent.

Other Software Used

Zoho Campaigns, Brightcove Zencoder, Mixmax