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Kyriba Corporation Goes Live with SWIFT Connectivity for Corporates |
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San Diego, CA – October 20, 2008 - Kyriba Corporation, the worldwide leader of web-based cash and treasury management solutions, announced today that it has gone live with SWIFT Connectivity for corporates via its partnership with BRED Banque, a SWIFT Member-Concentrator.Corporations with multiple banking relationships are increasingly evaluating and leveraging direct connectivity with SwiftNet to enable visibility and control across the enterprise. Capitalizing on Kyriba’s robust Connectivity Hub, clients can take advantage of direct SwiftNet access and realize the cost savings of having a single bank connection method, the security and reliability of the SWIFT network, real-time communication with their financial institutions, and the elimination of operational risk, all while achieving straight-through processing with Kyriba’s comprehensive cash and treasury management platform and other third-party applications. Utilizing the Member-Concentrator service model, Kyriba will also actively manage the on-boarding process for their clients, from the application phase through implementation and “go live.”
“Kyriba’s partnership with SWIFT enables us to jointly co-market our services to corporate clients, and partnering with BRED facilitates the safe and secure delivery of SWIFT connectivity,” commented Jean-Luc Robert, CEO for Kyriba Corporation. “Kyriba’s relationships with these world-class organizations exemplify our commitment to provide industry leading services to our global client base anytime, anywhere while continuing to grow our business. We are quite pleased to make this offering available today.”
About Kyriba Corporation
Kyriba is a global provider of treasury solutions delivered under the Software-as-a-Service (SaaS) model. Customers utilize the online system to automate and better control their daily cash management tasks, including centralization of 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 offices in New York, Paris, Milan, Hong Kong, and Rio de Janeiro, serving a global client base of more than 7,000 subscribers across hundreds of corporations, insurance companies and financial institutions.
Media contact:
Leslie Regino, Kyriba Corporation, 212-784-5584, lregino@kyriba.com
For more information, visit www.kyriba.com
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