London’s iconic Science Museum proved an inspired venue for Kyriba Live! UK 2018. Hundreds of Kyriba users and partners joined up to experience the annual conference. Delegates walked through the “Making the Modern World” exhibition hall and through “Tomorrow’s World” before ascending to the conference in Europe’s largest IMAX theater. Only meters away from the Apollo 10 command module, Crick and Watson’s DNA model and the first Apple computer, current and future Kyriba users explored the trends that are shaping corporate treasury of tomorrow.
Throughout Kyriba Live!, data was a major theme. Industry experts and practitioners explored ways that treasurers can collate, visualize, process, disseminate, protect and derive value from data to address strategic challenges such as visibility and control over liquidity and risk, and the ongoing risk of fraud and cybercrime. This led to extensive discussions around data-as-a-service, cybersecurity and the growing potential for robotic processing automation (RPA) and artificial intelligence (AI).
Related reading: Cross-border Payments: What’s Next?
Both in conference sessions and in discussions around the exhibition hall, leading corporations shared their practical experiences of using Kyriba to meet operational and strategic treasury objectives and shape the treasury of the future.
“We needed a treasury management system to support a centralized treasury, which is connected closely with our ERP, banks and ancillary systems for automated processes, rich analysis and decision-making. With Kyriba, we can visualize cash at both an entity and group level using dashboards, support group funding needs, and increase both our responsibilities and value to the organisation.” -- Harmen Schuur, Treasury Project Manager, GrandVision
Finding value in payments automation
While many delegates attended the event to explore the trends and developments in treasury management, a growing number of clients recognize the value of Kyriba in centralized payment functions (payment factories) for payments automation, control and data management.
“We wanted to centralize payments in treasury to become a service provider to the company, but we needed to acquire a system to achieve this. With Kyriba, we can now take an enterprise-wide approach to payments, bank account management and hedging, and we have far better oversight over group activities.” -- Simon Nally, Head of Middle Office, Octopus Investments
Securing data and transactions is a major factor in companies’ decision to implement Kyriba for payments.
“Kyriba has a number of features for payments security, including embedded SWIFT connectivity for bank communications, dual factor authentication and new fraud detection and prevention tools.” -- Gerard Grady, Treasury Consultant, IHS Towers
Kyriba Live! fittingly concluded with the presentation of Kyriba’s Treasury Excellence Award to Spotify, recognising the way in which treasury has demonstrated best practices and driven value throughout the enterprise.
“Our goal was to create a solution-oriented, agile treasury to our ongoing business expansion. As a small team, we needed a secure, robust and scalable solution that integrated well with our systems, that allows us to innovate as a business, which we have achieved in partnership with Kyriba.” -- Kristina Möller, Treasury Director, Spotify
Kyriba Live! 2018 was a great setting for delegates from many organizations to discuss their experiences with Kyriba, and the current trends that are shaping the future of treasury. Topics ranged from data-as-a-service, to centralized payment functions and data management. Delegates were able to experience the conference from one of London’s most historic museums where they were able to talk finance and making tomorrow’s treasury world today.