Supplier payments generated by corporate clients' accounting applications or entered manually into the Kyriba ASP platform payments module are automatically converted to SWIFT MT101 format and then routed through the Kyriba Connectivity Hub. Within this component of the Kyriba ASP platform, authorized users sign the remittance files simply using an Internet browser and the Etebac 5 protocol before transferring them to the BNP PARIBAS telematics server.
This routes them to the bank’s processing systems for execution and sends the platform an acknowledgement that can be handled by users.

Furthermore, BNP PARIBAS’ ETEBAC 5 MULTIVIR offering allows for debit orders to be issued:
- in any country
- at any bank
- in any currency
All without having to think about the plethora of local financial exchange standards specific to the countries to be debited.

The transmission of the payment files by the Kyriba Hub automatically generates a global cash forecast in the Kyriba ASP platform cash module. The next day, this forecast is compared with the actual banking situation issued by BNP PARIBAS to the Kyriba ASP Platform in the form of Account Statement files.

Florence Robinet-Nemec, Cash Management Marketing and Development Manager at BNP Paribas, says, “Collaborating with Kyriba enables us to provide our ETEBAC 5 MULTIVIR file exchange offering in ASP mode. It was our desire to simplify bank exchanges with our clients that led us to work with Kyriba.”

“We are delighted with this cooperation as it allows us to enhance our Cash Management ASP solution. The integration of our ASP Platform into BNP PARIBAS’ payment management services enables our mutual clients to optimise their payment processing chain,” says Jean-Luc Robert, CEO of Kyriba.

For more information, visit www.kyriba.com and http://entreprises.bnpparibas.fr

About BNP PARIBAS

BNP Paribas, the leading Euro zone bank in terms of profits and market capitalization, is one of the leaders of the electronic banking solutions market. The diversity of our offering enables us to meet the complex needs of our clients in terms of the dematerialization of banking relationships. Our interactive offerings (BNPNET Entreprises and Connexis) allow our clients to send debit orders and find out their account balances at any time; our file exchange offerings (ETEBAC, Transnet, FIT and Poste Banque) ensure complete integration of banking data into the software tools (payroll ERP, accounting, cash management in ASP mode or otherwise, etc.) on the market.

About Kyriba:

Kyriba Corporation is the market leader in real time, web based on-demand Cash Management. Our very affordable ASP pricing and value packed cash management solution puts customers in control of their liquidity, forecasting and treasury management needs. Kyriba meets stringent Sarbanes-Oxley 404 audit trail workflow and control requirements. Kyriba is a privately held company. Our investors include American Express, Commerzbank AG, GRP Partners and Mangrove Capital Partners.

Source: BNP PARIBAS and Kyriba Corporation.

Contact for Kyriba: 
Jennifer McCarthy, Kyriba Corporation, jmccarthy@kyriba.com 858.764.2458