October 15, 2014
Industry analyst firm highlights strong demand for cloud-based treasury and Kyriba’s “focus on customers”
SAN DIEGO, OCTOBER 15, 2014: Kyriba, the global leader in cloud-based Proactive Treasury Management, has been identified as the fastest-growing treasury management system vendor in the IDC report Worldwide Treasury and Risk Management Applications 2014–2018 Forecast and 2013 Vendor Shares (doc #251539, September 2014). The report, which analyzed growth from 19 leading vendors, noted Kyriba’s 35 percent growth over the past year. The IDC forecast and vendor share report cited the company’s 98 percent client loyalty rate as “excellent” and noted that that this rate “speaks well for Kyriba’s focus on customers and their concerns, including security, service and scalability.”
“As the treasury management market continues to mature, and organizations move greater numbers of functions to the cloud, we are seeing much higher demand for SaaS-based treasury and risk management systems, and this is reflected in these vendors’ growth figures,” said Christine Dover, research director at International Data Corporation. “We also see a number of strategic capabilities that organizations look for in their choice of treasury system vendor, such as improved processes for customer engagement, information centralization and support of centralized payment operations. Any vendor that can satisfy these demands is well placed to take a significant share of the market.”
“Kyriba continues to make major investments in client success and product innovation, and I’m delighted that this effort is reflected in our growth in the industry,” said Jean-Luc Robert, chairman and CEO of Kyriba. “I am also happy to see that SaaS is validated as the deployment method of choice for forward-thinking treasury departments. Since our inception, we have been a 100 percent SaaS-based vendor. We see this as the most customer-friendly solution, as it enables us to deliver constant innovation to our more than 900 clients across the world.”
An excerpt of the report can be found on Kyriba’s website.
Kyriba 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.com.
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