Paris, April 27, 2010 - Kyriba, the leader of the Software-as-a-Service (SaaS) cash and treasury management solutions, has receive the "Best SaaS Success" award at the Convention of SaaS and Cloud Computing held in the Chamber of Commerce and Industry of Paris (CCIP) on April 20th. A jury of SaaS (Software as a Service) professionals and journalists selected six nominees, from 49 competitors, for an onsite presentation. The award of "Best SaaS Success" was established this year alongside the classic “Trophy SaaS” and another titled "Seedling". The jury was impressed not only by the richness and breadth of functionality of the Kyriba solution, but also by the commercial success and development of our user community in recent years in both Europe and North America.
"We are very proud of this recognition in the market. We have been pioneers in the area of SaaS and have always believed in this type of delivery model", stated Jean-Luc Robert, CEO of Kyriba.
Kyriba is a global provider of on-demand treasury management solutions. Customers utilize the online system to automate and more effectively control their daily cash management tasks, including centralization of consolidated bank balance and transaction reporting, payments, cash positioning/ forecasting, automated general ledger posting and investment, debt and FX portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba’s daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements while providing seamless integration with third-party applications. Founded in 2000 and headquartered in San Diego, Kyriba has operational hubs in New York and Paris serving a global client base of more than 7,000 subscribers across several hundred corporations, insurance companies, and financial institutions.