World-Class Teams and Secure Cloud Technology Propel Innovation in Global Treasury
GENEVA, Sept. 25, 2018 — Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced that two of its clients have won awards at the 2018 EuroFinance Conference, the world's leading international treasury event, scheduled for Sept. 26-28 in Geneva. The judges in the 2018 Treasury Excellence Awards recognized both NH Hotel Group and OpenText for using treasury innovation and best practices to deliver bottom line value to their organization.
NH Hotel Group, an urban leader-operator with a multi-national network of more than 380 hotels in 30 countries across Europe, America and Africa, won in the category of digital transformation, while OpenText, a Canadian information management company, won for treasury re-engineering.
“We are honored to be recognized by EuroFinance for achieving a significant digital transformation with the help of our technology partners,” said Luis Martinez Jurado, SVP Financing & Treasury at NH Hotel Group. “This transformation is helping our teams to enhance business performance and deliver improved decision support across the organization.”
Challenged to incorporate nearly 1,500 bank accounts and 59 banks on a single cloud platform, NH Hotel Group leveraged SwiftNet and Kyriba’s ERP connectivity, cash management, pooling and advanced cash forecasting to completely transform its processes for managing debt and credit, accounts payable, cash forecasting and much more throughout Europe and Latin America. The hotel chain also relied on Altin Cash Management for their experience.
“It is exciting to see marquee clients get recognized and rewarded for their commitment to change and innovation,” said Jean-Luc Robert, Chairman and CEO at Kyriba. “With the help of Altin, NH Hotel Group orchestrated a meaningful transformation at their organization, delivering immediate returns to the bottom line.”
Kyriba teams will be onsite offering product demonstrations at stand L20 along with client presentations at the EuroFinance Conference, taking place Sept. 26-28 at the Palexpo facility in Geneva.
About Kyriba Corp.
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 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of 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. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. 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.
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