Kyriba and TrueCloud Sign Agreement to Bring SaaS Treasury Management to the Mid-Market

Press Release

Leading NetSuite solution provider selects 2014 SuiteCloud Enterprise Partner of the Year to provide cloud-based treasury automation

SAN DIEGO, December 9th, 2014: Kyriba, the global leader in cloud-based Proactive Treasury Management, has signed an agreement with cloud solutions provider TrueCloud to provide its clients with Kyriba’s software-as-a-service (SaaS) treasury management system. Kyriba, recently announced by industry analyst IDC as the fastest-growing treasury management software vendor, is NetSuite’s SuiteCloud Enterprise Partner of the Year for 2014. The Kyriba Enterprise SuiteApp achieved ‘Built for NetSuite’ verification from NetSuite in May 2014.

TrueCloud, a 5-Star NetSuite Partner, is one of the country’s leading NetSuite solutions providers, and has implemented the SaaS ERP solution for hundreds of clients.  TrueCloud selected Kyriba to enable its mid-market clients to migrate their cash management away from time-consuming and error-prone spreadsheets, improving their treasury processes and controls. TrueCloud’s clients will benefit from automating many manual cash, payment, and banking connectivity-related tasks, empowering them to be more proactive and strategic, and provide deeper value for the organization.

“The mid-market is currently underserved when it comes to treasury management, as there are few options between cumbersome and risky – but low-cost – spreadsheets, and high-priced treasury management solutions,” said Blair Kenney, VP Solutions at TrueCloud. “Kyriba has the flexibility to support smaller treasury teams, while providing robust, enterprise-grade treasury management capabilities. Kyriba’s scalable, modular architecture, makes it the ideal solution for our clients.”

“Kyriba with NetSuite has proven to be a very beneficial combination for mid-market organizations that are looking to move their financial management to the cloud,” said Peter Podein, Director of Strategic Alliances at Kyriba. “We therefore wanted to ensure that we work with partners that share our vision, and have the same client-focused ethos. TrueCloud has a clear track record in this field and we are confident that it will deliver solutions which will support NetSuite clients’ goals to achieve their goal of seamless SaaS-powered financial operations.”

About Kyriba

Kyriba is the global leader in cloud-based Proactive Treasury Management. CFOs, treasurers and finance leaders rely on Kyriba to optimize their cash, manage their risk, and work their capital. Our award-winning, secure, and scalable SaaS treasury, bank connectivity, risk management and supply chain finance solutions enable some of the world’s largest and most respected organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance. To learn how to be more proactive in your treasury management and drive business value, contact treasury@kyriba.com or visit www.kyriba.com.

About TrueCloud

TrueCloud (www.truecloud.com) was founded in 2008 by Dave Rice and Mark Wenig; two former Fortune 500 executives with a combined 45 years of experience in the IT industry. Headquartered in Tempe, Arizona with operations nationwide, TrueCloud provides customers with a complete end-to-end business solution built on the NetSuite platform that connects individual departments to one another for fast, efficient, and easy customer service and order processing. TrueCloud’s unparalleled expertise in implementing and deploying NetSuite helps provide businesses of all sizes to establish best practices optimize workflow and capitalize on growth opportunities. TrueCloud offers a variety of valuable services from the leading cloud-based OEM’s such as NetSuite, Dell Boomi, Jive Phones, Telesphere and Google Apps. For more information please call (866) 990-8783.