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Legris Industries Group Completes Kyriba Implementation |
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Paris, France – March 7th, 2008 - Kyriba Corporation, the leader of web-based cash and treasury management solutions, today announced that Legris Industries Group, a multi-business industrial group, has completed its implementation of the Kyriba cash management solution.
Legris went through a typical RFP process prior to selecting Kyriba. Their main objective was to find a solution that would meet their needs globally, but could be implemented progressively by each of their subsidiaries. According to Didier Martin, President of Kyriba Semea, “The Kyriba solution provides Legris with immediate visibility over their consolidated banking and inter-company positions, in order to optimize their cash management operations at each subsidiary.
“The basic concept of the Software-as-a-Service (SaaS) model, which allows for an anytime / anywhere connection, played a central role in our decision making process. It is a solution that combines speed of implementation, effectiveness, and user-friendliness”, stated Annie Flaux, responsible for Treasury at Legris Industries.
“About 15 people are using the solution at Legris every day, and we have established a great deal of fluidity in information exchange. Moreover the automated reporting is a real time-saver for our users. Our French treasurers are very enthusiastic about their use of the platform, and we are looking forward to deploying Kyriba globally in 2008”, added Flaux.
“The Kyriba solution frees the treasury team from having to upgrade versions, manual processing, and following up on bank communications so they can devote their energies to the treasury business”, concludes Didier Martin.
About Legris Industries Group
Set up around family-owned Legris SA in 1987, the Legris Industries Group now brings together operations in different sectors of industry. They have a special focus on components for industrial fluid circuits and turnkey offerings with significant technology and service content.
For more information, visit www.legris-industries.com
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 130 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
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