BlackRock, Inc. and Kyriba Announce a Strategic Partnership to Help Optimize Liquidity Performance
March 5, 2018
Technology integration enables faster execution of cash investments for CFOs and Treasurers based on accurate, real-time visibility into global cash positions
NEW YORK, March 6, 2018 – Kyriba, the #1 global provider of cloud treasury and financial management solutions, and BlackRock, Inc. (NYSE: BLK), a global leader in investment management, risk management and advisory services, announce a strategic partnership that will leverage both firms’ technologies to simplify their clients’ cash management processes.
The partnership means faster and smarter execution of cash investments for CFOs and corporate treasurers. Kyriba’s technology provides its users with the real-time visibility and reporting they need to understand their portfolio and global cash positions. Clients can then seamlessly allocate cash to a variety of money market funds through BlackRock’s integrated trading platform.
“At BlackRock we are committed to leveraging technology to deliver better performance for our clients. This partnership is a natural next step in that strategy, leveraging technology enabled by Cachematrix, which we acquired last summer,” said Thomas Callahan, Global Head of Cash Management at BlackRock. “With Kyriba’s leading financial management solutions aligned to BlackRock’s portfolio of investment options, we will simplify the investing process for our clients and broaden the distribution of our cash funds.”
Kyriba’s innovative cash management solutions gives its clients clear visibility into their cash positions worldwide and enables greater confidence for CFOs and treasurers in their cash flow performance. Kyriba delivers the structure and control to access and mobilize intercompany cash balances toward investments that propel growth.
“Proper liquidity management optimization is now critical for modern CFOs who are looking to achieve aggressive performance goals in a highly volatile global market,” said Jean-Luc Robert, Chairman and CEO at Kyriba. “Our partnership with Blackrock, one of the largest and most respected asset management firms in the world, empowers senior finance executives to be more agile and efficient than ever before in executing the right investment decisions to drive growth. We look forward to delivering this joint solution to the market.”
“Kyriba’s partner ecosystem brings together leading solutions all on one platform in order to drive value for our clients,” said Karthik Manimozhi, EVP Worldwide Alliances and Channel Sales at Kyriba. “Our partnership with BlackRock provides a modern liquidity performance platform that enables our clients to see and then invest their cash.”
To learn more about Kyriba, visit www.kyriba.com.
About Kyriba Corp.
Kyriba is the #1 provider of cloud treasury and financial management solutions. Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100% SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. More than 1,800 companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of December 31, 2017, the firm managed approximately $6.288 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
Media Contact, Kyriba
Daniel Shaffer, [email protected], +1 (858)263-2218
Media Contact, BlackRock
Tara McDonnell, [email protected], +1 (212)810-5337