Kyriba’s Payments module offers a sophisticated dashboard-driven workflow to manage your internal payment approval and release procedures, leveraging Kyriba’s Bank Connectivity Hub. Kyriba connects host-to-host, via SWIFTNet, and through regional banking networks for transmission of payments in a secure and automated manner.
Third Party Payments
Kyriba’s Payments module offers a sophisticated workflow to manage your entire payment workflow, including connectivity to your banks. All types of payments are supported with acknowledgements received from the bank to ensure that your entire process can be managed within Kyriba. Payments can be initiated as freeform, by template, via import from ERP, or through integration with other Kyriba modules. Kyriba provides fully SEPA-compliant formats and mandates for credit transfers (SCT) and direct debit (SDD).
Kyriba’s Payments module fully supports the implementation of payment factories enabling organizations to centrally manage the Payment workflow and straight through processing to banks. With Kyriba, organizations can implement shared services ‘payments on behalf of’ (POBO) models for all payment types.
Learn how Kyriba provided IPG with payment factory support to manage all disbursement activity on a single platform - download the success story.
Kyriba’s Netting module optimizes intercompany and payment activity through multilateral payables-based or receivables-based invoice netting. Netting imports invoices from ERP or other sources and integrates with the Intercompany and Payments modules. Netting simulations can be executed allowing all participants to review and amend their respective positions, with disputes identified and managed via an approval workflow.
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.