Kyriba connects to your banks using a variety of communication methods, including host-to-host (e.g. FTP) or via SWIFT, automating the bank reporting process. Kyriba proactively monitors all bank connections for verification of report capture and data validity. Users can distribute banking information via e-mail through a variety of reports and can also make original bank files available to internal systems.Bank Reporting
Kyriba’s Cash Position Worksheet automates the preparation and reconciliation of your daily cash position. Kyriba dynamically combines bank balances and transactions with expected cash flows to ensure that at any point during the day, you have a real-time view of positions across banks, accounts, entities, and regions. Target balances can also be set in a hierarchical manner ensuring that recommended funding and drawdowns are predicted and automatically occur in combination with the Payments module. The cash position is fully integrated with all Kyriba modules eliminating any manual efforts to update throughout the day.
Kyriba provides a centralized tool to build and analyze your global cash forecasts by day, week, month, or year. Leveraging multiple sources of data – including recurring items, import of ERP data, integration withother modules, extrapolation of historical data – Kyriba clients can extend the accuracy and horizon of their cash forecasting. Powerful analytics allow comparison of forecast to actual for any time horizon to help you improve forecasting accuracy.
Learn how Cunningham Lindsey improved cash forecasting - download the success story.
Kyriba’s tracks in-house banking activity for internal cash pools. In-house banking allows users to view real-time intercompany positions for each participant within the in-house bank(s) or cash pool(s). Interest iscalculated based on fixed, market, or company interest schedules. Full reporting allows in-house bank activity and interest statements to be automatically generated and distributed. Integration with the Payments and GL Posting modules is seamless.
Kyriba helps you automate the GL entry process by generating dual- and multi-sided entries from bank and internal cash transactions within the system. Automated rules scan transaction characteristics in order to apply the appropriate GL accounts, creating a set of entries to be exported to the general ledger in any required format. Integration with the general ledger can be scheduled and fully automated. Kyriba also supports multicurrency and multiple charts of accounts for centralized or decentralized global implementations.
Kyriba supports the independent reconcilement of bank transactions to accounting entries. Imported bank transactions are matched against accounting entries imported from the General Ledger based on userdefined rules for a true bank-to-book reconciliation. The GL Reconciliation module produces regulatory reporting such as proof that bank activity is synchronized with the General Ledger bookings. A full segregation of duties is supported to separate the reconciliation process from the generation of general ledger entries.
Find out how Vivarte incorporated daily reporting into Kyriba as well as bank connectivity for global cash visibility - download the success story.
Kyriba provides a centralized tool to build and analyze global cash forecasts by day, week, month, or year. Leveraging multiple sources of data – including repetitive items, import of ERP data, integration with other modules, and extrapolation of historical data – Kyriba customers can extend the accuracy and horizon of their cash forecasting.
Kyriba’s Cash Position Worksheet provides you with a powerful, user-friendly solution to automate the preparation and reconciliation of your daily cash position.
Kyriba’s Intercompany module tracks In-House Banking Activity for internal cash pools. In-House Banking allows users to view real-time Intercompany positions for each participant within the In-House Bank(s) or Cash Pool(s) to help internal working capital management.