Kyriba helps organizations improve controls, establish audit trails, introduce segregation of duties, and more easily meet internal and external compliance requirements.
- Improved Controls - Kyriba helps improve internal treasury controls by introduce a documented and structured workflow which reduces operational risks and minimizes the risk for error.
- Establish Audit Trails - Kyriba tracks all user activity within the system so that authorized users, management or auditors can track additions, deletions, and modifications to treasury transactions or events in the system.
- Segregation of duties - Organizations can properly implement roles and responsibilities for financial personnel within the system to separate duties eliminating opportunities for operational risks. All duties assignment and modification is subject to dual administration at the minimum. This is key for regulatory compliance including Sarbanes-Oxley.
- Compliance Requirements - Kyriba offers a wide range of automation and reporting that improve the visibility and dissemination of data required for treasury to meet internal and external compliance requirements - including domestic and international accounting standards (e.g. FASB regulations), payments requirements (e.g. SEPA) and/or federal agency reporting (e.g. FBAR).