We continue to be recognized as the leader in treasury management solutions. This time, we’re delighted to have been awarded one of Treasury Management International magazine’s 2015 Awards for Innovation & Excellence in Treasury & Risk Management.
Kyriba has been recognized as the “Best Cash Management Solution,” as a result of its contribution to best practices in corporate treasury, impact on client success and overall commitment to innvation. In particular, Kyriba was recognized for the launch of its advanced cash forecasting module.
Robin Page, Treasury Management International’s CEO & publisher, said “we are delighted to see Kyriba awarded Best Cash Management solution this year, which is richly deserved with their suite of solutions enabling treasurers to get a firm grip on their cash through added visibility and forecasting.”
Kyriba introduced the advanced forecasting module to its cloud treasury platform in 2015, delivering the innovation that made more accurate cash forecasting achievable for all CFOs and treasurers. Kyriba’s advanced forecasting built upon our existing cash management and cash forecasting solution to offer two key capabilities:
- Forecast modeling based on extrapolation of historical data
- Multi-period forecast variance analysis
Forecast modelling allows treasurers the ability to build forecasts using sophisticated scenarios and extensive calculations, not possible in spreadsheets or manual environments. Multi-period forecast variance analysis, the second key innovation offered by Kyriba as part of the advanced forecasting module, gave treasurers the ability to take ongoing snapshots of forecast scenarios (e.g. the six month forecast, summarized by week, as of January 1st) and compare multiple snapshots to measure forecast accuracy over time.
You can read the full press release here.