|
San Diego,
CA – January 8th, 2008 –Kyriba
Corporation the leader of web-based cash and treasury management solutions gives
corporations the ability to generate SEPA Credit Transfer transactions and
provides additional life cycle management capabilities for Debt instruments
with its new release. In addition to incorporating usability improvement
suggestions from 120 customers, some additional features of the new release
also include advanced signatory management capabilities, Days Sales Outstanding
(DSO) analysis on receivables, event condition notifications, and a new
Payments dashboard. The Single Euro Payments Area or SEPA will enable corporations
and others to make and receive cross-border payments as easily and
inexpensively as in their hometown. All retail payments
in euros will thereby become “domestic”, and there will no longer be any
differentiation between national and cross border payments within the euro
area. The SEPA initiative goes into
effect in January 2008 starting with Credit Transfers, and Kyriba stands ready
for corporations to begin generating these transactions.
The enhancements to the Debt module provide additional
flexibility in managing life cycle events such as interest rate resets,
approval of maturities, payment schedules, amortization schedules, and more.
Other new features include loan, interest rate swap and credit line entry and
analysis capabilities.
“We
are very pleased to be able to offer our customers and prospects so many new
features and capabilities,” stated Jean-Luc Robert, CEO of Kyriba Corporation.
“Kyriba must provide a timely response to regulatory requirements such as SEPA,
and flexibility in Debt portfolio management is a must. This new release is
ongoing proof of Kyriba’s ability to efficiently deliver new features and to
constantly enhance its solution, backed by a team of over 40 full-time
developers. Once again, Kyriba’s web-based model gives our customers a major
advantage by allowing us to roll changes out to all of our customers at once, with
no upgrade costs.”
About
Kyriba Corporation
Kyriba
is a leading provider of Treasury solutions delivered under the Software as a
Service (SaaS) model. Customers use the automated online system to better
control their daily cash management tasks including bank balances, transaction
reporting, payments, cash positioning/forecasting, automated general ledger
posting and investment 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 and provides seamless integration with third-party
applications. Founded in 2000 and based in San Diego,
New York, Paris
and Rio de Janeiro,
Kyriba serves a global client base of more than 120 corporate treasuries,
insurance companies and financial institutions.
Media contact:
Leslie Regino, Kyriba Corporation,
646-378-2131, lregino@kyriba.com
For more information, visit www.kyriba.com |
