Bank Reporting
Kyriba connects to your banks using a variety of communication methods including host-to-host (e.g. FTP), vand via SWIFT, eliminating the need to use any locally-deployed bank communication tool. Kyriba monitors all bank connections for verification of report capture and data validity related to bank accounts and transaction types. Users can distribute banking information via e-mail through a variety of reports and can also make original bank files available to internal systems.
Cash Positioning
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 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. Cash Pooling allows target balances to be set in a hierarchical manner ensuring that recommended funding and drawdowns are predicted and can automatically occur in combination with the Payments module. The Cash Position is fully integrated with other Kyriba modules eliminating any manual efforts to update throughout the day.
Cash Forecasting
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 with other modules, extrapolation of historical data – Kyriba customers 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. Users can also support working capital management by reconciling open receivables against cash receipts to report on A/R variances, calculate days of sales outstanding, and improve cash predictability.
Learn how Cunningham Lindsey increased cash forecasting - download the success story.
In-house Banking
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. Interest is calculated 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.
Cash Accounting
Kyriba helps you automate the GL entry process by generating dual- and multi-sided entries from bank and internal cash transactions within the system. Personalized “If… then…” Boolean logic rules automatically 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 multi-currency and multiple charts of accounts for centralized or decentralized global implementations.
Bank Reconciliation
Kyriba supports the independent reconcilement of bank transactions to accounting entries. Bank transactions imported each day are matched against accounting entries imported from the General Ledger based on user-defined 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 with the automated posting 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.
Other Resources
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Fact Sheet: Cash ForcastingKyriba 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. |
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Fact Sheet: Cash PositioningKyriba’s Cash Position Worksheet provides you with a powerful, user-friendly solution to automate the preparation and reconciliation of your daily cash position. |
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Fact Sheet: In-House BankingKyriba’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. |
