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Alticor Selects Kyriba’s Treasury Management Solution |
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New York, NY – December 14, 2009 – Kyriba Corporation, a leading provider of on-demand cash and treasury management solutions, today announced that Alticor Inc. (“Alticor”), a worldwide leader in direct selling through its subsidiaries Amway International Inc. and Amway Corp. (collectively, “Amway”), has selected Kyriba’s Software as a Service (SaaS) platform to fulfill its treasury management automation requirements. The Kyriba solution will be deployed globally across Amway’s more than 50 affiliates and will be managed and hosted by Kyriba.Geoffrey Carpenter, Vice President and Treasurer for Alticor, confirms “Kyriba’s global reach combined with their system’s functional breadth and controls were the basis for our selection. We will connect directly to over 200 banks world-wide and deploy the multi-lingual, multi-currency platform across all of our affiliates. Kyriba’s SaaS model will enable our 100 plus users to access the mission-critical information more efficiently than if we were to install a system and support it ourselves. We appreciate the user-friendly interface and intuitive workflow Kyriba provides.”
Jean-Luc Robert, CEO of Kyriba, stated “Complex, global organizations like Amway continue to choose Kyriba because we offer a feature-rich solution and cost-effective delivery model through Software as a Service. In today’s environment, Kyriba’s ability to provide transparency across cash operations and real-time liquidity snapshots with the support of our global resources and services contributes to our significant growth. We are pleased to add Amway to our growing list of satisfied customers and look forward to partnering with them on this strategic initiative.”
About Kyriba Corporation
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 offices in New York, Paris, Milan, Hong Kong, and Rio de Janeiro serving a global client base of more than 7,000 subscribers across several hundred corporations, insurance companies, and financial institutions. For more information, visit www.kyriba.com
Media contact: Leslie Regino, Kyriba Corporation, 212-784-5584, lregino@kyriba.com
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Contact us in the U.S. at 212-784-5580 or, in Europe at +33 1 77 92 17 17 Privacy Policy |
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