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ONLINE CASH FLOW MANAGEMENT HITS EASY STREET |
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WorldFinance, HP Q1 publication - January 2002
HP and Kyriba Corporation develop a revolutionary solution to streamline online workflows for financial service providers.
The complex corporate Internet banking environment demands financial institutions to employ solutions that better serve their enterprise customers. Kyriba, an innovative global software company, based in France, meets these demands. It offers secure, value-added solutions to banks for smoothly distributed online corporate financial applications.
Kyriba Corporation joined forces with HP to create its revolutionary Internet-based cash-flow management application platform, KyribaTi. Kyriba´s flagship solution is designed to enable financial institutions to offer their corporate customers Web-based, real-time cash and treasury management applications that can be rapidly and cost effectively deployed. It is a single integrated approach that addresses a major challenge for global companies: managing multiple and global financial services relationships. Working together, HP Consulting´s team guided the company through its initial stages. "Our partnership with Kyriba worked incredibly well. We held regular brainstorming sessions about system integration, how to build a logical architecture and basically fleshed out the specific needs of Kyriba," says Frederic Fourdrinier, HP Consulting (HPC), France.
KyribaTi comes to life The core of the KyribaTi cash and treasury management solution is a multiple tier, component-based architecture and a framework that uses common industry standards to integrate third-party solutions, existing systems and evolving technology standards, such as XML and J2EE. KyribaTi runs on the HP rp5400 series server that provides an always-on infrastructure computing solution with outstanding Unix performance and leading-edge management capabilities. "This server solution works well for a growing company like Kyriba. It is really scalable as several servers will be farmed from it in the future," says Fourdrinier. To enhance the solution´s security Kyriba has turned to the reliability of HP´s VirtualVault, the Web transaction server. It has been designed to safely connect Kyriba´s applications and databases to its clients on the Internet for financial transactions. "VirtualVault is a layered solution which means KyribaTi´s corporate end users will not need to worry about losing the integrity of their financial information," adds Fourdrinier.
An in-depth knowledge of enterprise cash and treasury requirements, gained over an aggregated 40 years experience of supplying solutions directly to corporations, provides Kyriba with the expertise to offer financial institutions leading edge features and functions for their corporate customers. Additionally, the state of the art data center fully complies with specification and auditing standards issued by banking regulators.
HP will host the production system of Kyriba in its outsourcing facility of L´isle d´Abeau. Fourdriner adds: "This has been a major project. It has involved twelve business arms of HP, from consulting to security. The whole power of HP has delivered one solution."
A major bank has already adopted KyribaTi solution KyribaTi now openly manages financial flows and executes transactions in a real-time environment for one of the major European banks. The bank has already started to deploy the solution to its corporate clients. Edi Poloniato, Kyriba, says "KyribaTi has enabled the bank to provide a seamless service to its clients. In the long-term we believe Kyriba´s technology will ensure customer online retention while reducing the cost of delivering financial services offerings and dramatically improving customer knowledge".
Contact:
Jennifer McCarthy
Vice President Marketing
Kyriba Corporation
jmccarthy@kyriba.com
(858) 764-2458
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