Averda Selects Kyriba for its Treasury Management Solution

August 16, 2015

Adds cloud-based cash management and bank account management to enable strategic growth


DUBAI, August 17, 2015: Kyriba Corp., the global leader in cloud-based Proactive Treasury Management, announced that Averda (averda™), the largest provider of integrated waste management solutions across the emerging world, has selected Kyriba for its treasury management software. Averda joins more than 1,000 organizations worldwide that trust Kyriba to optimize their cash, manage their risk, and work their capital.

Averda chose Kyriba’s cloud-based treasury management solution to support further strategic business growth by enhancing visibility into its cash flow and liquidity, and add rigor to its financial controls and bank account management.

“We brought on Kyriba, a progressive treasury management solution, to empower our treasury team with the most advanced tools we could find in the market,” said Maria Bavelaar, Averda Group Treasurer. “We are delighted to work with Kyriba’s cloud-based treasury solution.  Our company has offices in remote locations, manages diverse currencies, and with our rapid growth into new markets, we need to not only ensure full insight in our global cash but also be more aware of our potential liquidity and FX risk.”

“We are pleased to work with such an innovative company in the Middle East,” said Roger Baroutjian managing director of Kyriba Middle East FZ-LLC. “Kyriba’s technology is a great fit for Averda and will provide more strategic insight into company-wide financial decisions.”  

To learn more about Kyriba or Proactive Treasury Management solutions, visit kyriba.com, kyriba.com/blog and follow Kyriba on LinkedIn and Twitter. Kyriba can be found online at www.kyriba.ae.



About Kyriba

Kyriba Corp. is the global leader in cloud-based Proactive Treasury Management. CFOs, treasurers and finance leaders rely on Kyriba to optimize their cash, manage their risk, and work their capital. Our award-winning, secure, and scalable SaaS treasury, bank connectivity, risk management and supply chain finance solutions enable some of the world’s largest and most respected organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance. To learn how to be more proactive in your treasury management and drive business value, contact [email protected] or visit kyriba.ae.


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