What is Kyriba Used for?
Kyriba is the global leader in cloud treasury and finance solutions, delivering Software-as-a-Service (SaaS) for CFOs and corporate treasurers with a full suite of products and solutions across cash and risk management, payments, and working capital.
The company was founded in 2000 and is currently headquartered in San Diego, with global offices in the Americas, Europe, Asia Pacific, and other major locations. More than 2000 clients in 100 countries trust Kyriba’s cloud treasury platform to empower and enable them to transform the way they access and leverage liquidity to build resilience, generate value, and unlock growth.
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Is Kyriba an ERP System?
Kyriba’s cloud treasury platform is a treasury management system (TMS) and it is not an Enterprise Resource Planning (ERP) system. The purposes of the two systems are different.
As Oracle defines it, ERPs are used to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps plan, budget, predict, and report on an organization’s financial results.
Usually ERP systems are either installed on-premises or implemented in the cloud. ERP platforms act like an information center for a company, enabling end-to-end workflow management and data analytics, by tracking all aspects of production, logistics, and financials.
A Treasury Management System (TMS) is a more special-purpose software that focuses on the business needs and workflows for treasury, which is a function under the Office of the CFO. A treasury management software allows companies to process cash flow, manage banking relationships, and enhance the value of their cash flow. It can also help companies manage their assets, liabilities, and bank accounts through automation and integration with third-party applications.
With modern API connectivity, ERP systems can easily be connected to any cloud treasury platform to exchange data in real-time. Kyriba has launched API connectors to SAP, Oracle, Microsoft Dynamics, and other major ERP providers to provide instant data flows, including event-based notifications. Kyriba can also push instant updates, like changes in payment status, to your ERP.
Why Choosing Kyriba’s Cloud Treasury Platform
Before You Become a Kyriba Client
There are many things to take into consideration when evaluating a software vendor. But it always starts with the business needs of your organization.
To help our clients better understand their needs especially when they decide for their first cloud treasury and finance solutions, Kyriba has developed an industry-leading value engineering framework for our prospects to identify the maturity of their current state and the future state they would like to achieve.
The Kyriba Value Engineering consultation and evaluation is complimentary for our prospects.
Kyriba also invests heavily into enterprise security, because we know that treasury and payments are mission critical processes that require the strictest security scrutiny and validation by our enterprise clients. Kyriba has always focused on compliance and security testing as well as maintaining security and other data related certifications as part of our commitment to our customers.
The platform is ISO 27001, SOC1/SOC2 compliant. It is also fully certified by SWIFT.
After You Become a Kyriba Client
Client experience is at the center of what we do. Our goal is to help companies implement strategic, automated processes to optimize their treasury operations. Kyriba offers an integrated approach to client success, ensuring customers are provided with the best implementation, training, and support resources available.
For example, in 2022 Kyriba launched its new Kyriba Academy to provide our clients with regular and high-quality training programs, either on-demand or on-site, in order for our clients to accelerate their deployment, learn about new use cases, and get the most out of the Kyriba solution they have purchased.
Every year Kyriba organizes client focused events for our client community to meet up and share their experience as Kyriba clients, the most famous one being KyribaLive.
This event is more than a user conference: It is a global industry-wide gathering of treasury and finance professionals looking to harness new ideas and new technologies to streamline their operations and accelerate business performance. In 2022, KyribaLive was held in Paris and in 2023 KyribaLive took place in Phoenix, USA.
Who Uses Kyriba’s Cloud SaaS Software?
Many global companies, including enterprises and mid-sized firms, choose to use Kyriba’s cloud treasury and finance solutions, including treasury, payments, risk management, and supply chain finance.
The over 2000 clients come from almost all industries, such as Retail, Insurance, Manufacturing, Healthcare, Real Estate, and Transportation. The Kyriba platform is also well recognized in Non-profit, and Financial Services.
25% of EURO STOXX 50 companies and 20% of Fortune 500 companies are Kyriba customers. Check Kyriba client success stories to find out more about how Kyriba supports our clients to achieve treasury excellence:
Kyriba also has a global network of partners to support its client base, who play a crucial role in our growth and success. Kyriba partners include local system integrators, ERP vendors, audit firms, and banks. Our partner program delivers an array of tools, resources, and benefits designed to deliver value to you and our customers.
To locate a Kyriba partner in your region, visit our partner page for more information. You are also welcome to visit our news channel to follow our latest partnership announcements to see how Kyriba invests constantly to drive open ecosystem innovation on its could treasury platform.
The Core Values of Kyriba
Kyriba promotes five core values that form the basis of our “iCare” value system. These values are designed to be carried out in our workplaces globally, and guide our daily decisions. It is also Kyriba’s commitment to our customers, our partners, and to each other. The “iCare” values are:
- Innovation: rewarding employees for their innovations to encourage process improvement
- Accountability: taking personal responsibility for our actions
- Client Success: understanding client needs and developing solutions to drive decision-making within their organizations
- Respect: appreciating each other’s ideas, efforts, and commitments; embracing our diverse cultures and points of view
- Excellence: striving for excellence through leadership, teamwork, transparency, and integrity
Diversity & Inclusion are also at the core of the Kyriba culture, rooted in our commitment to cultivating an inclusive environment that encourages, supports, and celebrates the diverse voices of our employees. The company employs over 1000 people globally.
As Kyriba continues to grow, we are dedicated to attracting, hiring, and developing underrepresented populations, and have established the following metrics to keep us on track:
- By 2023, 29% of our US employee base will consist of underrepresented populations.
- Women will represent at least 32% of our global employee base by 2023.
- By 2024, 40% of our management (Supervisory) positions will be held by women.
At Kyriba, we believe diversity is one of our greatest strengths, allowing us to better serve our clients, advance our cloud treasury platform, and transform the marketplace.