Paris and San Diego, 5 January 2005/PRNewswire

Kyriba (www.kyriba.com), the market leader in Internet application services for cash management on demand, has announced that its corporate Clients can now teletransmit their files to banks and sign them electronically using ETEBAC 5, by accessing its cash management ASP Platform via the Internet.

Once they have entered or imported their treasury transfer orders within the Cash Pooling module on the Kyriba ASP Platform, users can prepare their remittances, sign them and teletransmit them to French banks´ servers using the ETEBAC 5 protocol through the Kyriba Connectivity Hub.

Domestic or international third-party transfers can also be entered or imported from enterprises´ information systems, and then signed by ETEBAC 5 and routed to the banks through the Kyriba Connectivity Hub.

The integration of the ETEBAC 5 protocol and the EDIFACT VSOT, AFB160 and AFB320 formats into the Kyriba offering further enhances the banking communication services already available via the Kyriba Connectivity Hub.

Access to the Kyriba Connectivity Hub does not require the installation of any software on user workstations. For electronic signatures, users must simply connect an ETEBAC 5-compatible chip card reader to their workstation.

"Compared with a standard software installation, the ASP method of accessing these electronic signature services allows a significant reduction in the implementation time of an ETEBAC 5 project. The pricing, which is based on a monthly subscription linked to data volumes, is also very attractive.

We believe that these two elements will enable the spread of these services within enterprises that have been unable to deploy them for reasons of cost and the complexity of implementation," says Kyriba CEO Jean-Luc Robert.

For more information, visit the Kyriba web site (www.kyriba.com) or contact Kyriba on +33 (0)1 55 33 34 00.

About Kyriba:
Kyriba Corporation is the market leader in real time, web based on-demand Cash management. Our very affordable ASP pricing and value packed cash management solution puts customers in control of their liquidity, forecasting and treasury management needs. Kyriba meets stringent Sarbanes-Oxley 404 audit trail workflow and control requirements. Kyriba is a privately held company. Our investors include American Express, Commerzbank AG, GRP Partners and Mangrove Capital Partners.

Contact:
Jennifer L. McCarthy
Vice President Marketing
Kyriba Corporation
jmccarthy@kyriba.com
(858) 764-2458