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Kyriba Lands New Deal with Saudi German Health
SAUDI – Kyriba, the global leader in liquidity performance, announced it signed the Saudi German Health (SGH), a leading healthcare group in the Middle East and North Africa (MENA) region as a new customer. Kyriba...
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August 14, 2024 NewsKyriba Lands New Deal with Saudi German HealthSAUDI – Kyriba, the global leader in liquidity performance, announced it signed the Saudi German Health (SGH), a leading healthcare group in the Middle East and North Africa (MENA) region as a new customer. Kyriba...read more
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August 05, 2024 NewsKyriba Appoints New Advisory Board Member to Help Foster Growth in APACCorporate Finance and Investment Banking Expert Paul Lai Joins Kyriba to Help the Company Drive Liquidity Performance and Support Growth in APAC SAN DIEGO, CA – Kyriba, a global leader in liquidity performance, announced that...read more
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June 23, 2024 NewsKyriba Releases Quarterly Currency Impact Report, Revealing a Sharp Increase in FX HeadwindsNorth American companies reported a $8.38 billion impact in Q1 2024, a 219% increase from Q4 2023. 19% of multinationals reported currency impacts with North American organizations experiencing the most negative impact in the...read more
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May 01, 2024 NewsKyriba Report Finds Corporate Liquidity Increases to $3.5 Trillion, a Year-Over-Year increase of $180 BillionThis first-of-its kind study provides greater transparency into the drivers of liquidity performance for corporate America Report finds Financials, Real Estate and IT have the greatest access to liquidity SAN DIEGO – MAY 1,...read more
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April 25, 2024 NewsKyriba’s Quarterly Currency Impact Report: Total Currency Impact for 2023 Reached $95 BillionSlowdown in FX volatility more than halves negative impacts in Q4 2023 for North American and European companies North American and European negative impact decreased 57.5% from Q3 2023; the Euro was the currency...read more
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April 09, 2024 NewsKyriba Expands Suite of Artificial Intelligence Features to Enhance Liquidity Performance for CFOsKyriba’s new AI functionality delivers improved cash forecasting, bank connectivity and custom reporting to empower finance teams with greater automation and data-driven decisions LAS VEGAS – April 9, 2024 – Kyriba, a global innovator...read more
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April 08, 2024 NewsKyriba Announces First of Its Kind Innovation with Onyx by J.P. Morgan and Expands Global Partner EcosystemKyriba and Onyx by J.P. Morgan (Onyx) introduce the power of blockchain to streamline cross-border payments Kyriba partners with Workday to embed global bank connectivity within Workday Financial Management Kyriba expands global partner...read more
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March 15, 2024 NewsKyribaLive Returns Bringing Together Financial Leaders & Treasury Experts to Explore the Latest Innovations in FintechThe annual conference will be held at The Wynn in Las Vegas from April 8-10 SAN DIEGO – March 4, 2024 – the global leader in liquidity performance, announced today that Kyriba Live returns...read more
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February 20, 2024 NewsSociété Générale and Kyriba join forces to streamline FX hedgingParis - February 20, 2024 -- Societe Generale and Kyriba announce the launch of connectivity between Kyriba's financial transaction management module and SG Markets, Societe Generale's BtoB platform. This API*-based connectivity between Kyriba and...read more
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February 15, 2024 NewsKyriba’s Quarterly Currency Impact Report: Currency Impact Reported by North American and European companies totaled $30 billionCurrency headwinds continued to prove challenging for European companies, especially for Europe, which reported FX-related impacts of $8.96 billion, about 56.6% greater than the previous quarter SAN DIEGO – February 15, 2024 -- Kyriba’s...read more
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November 30, 2023 NewsCFOs See Ongoing Pain From Foreign Exchange OscillationsThe U.S. dollar’s jolt higher this year caught companies by surprise. Now the currency is retracing some of that gain as Treasury rates slip.read more
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November 21, 2023 NewsEurope Inc. Nurses $5.7 Billion Loss in Worst FX Pain Since 2020European multinationals doing business abroad suffered the biggest hit to earnings from currency volatility in nearly three years, forcing corporate treasurers to be more vigilant in their hedging strategies.read more
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November 21, 2023 NewsKyriba’s Quarterly Currency Impact Report: FX Volatility Spikes to $29.14 Billion in Earnings ImpactsCFOs Struggle with Currency Risk Amid $6B Increase in Total FX Impacts from Previous Quarter; European Companies Lead Suffering as Headwinds Jump 349% SAN DIEGO – November 21, 2023 -- Kyriba’s latest Currency Impact...read more
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November 10, 2023 NewsImplied volatility keeps firms cool in FXCorporates are taking a big punt on markets remaining relatively benign, given their apparent lack of confidence in existing FX technology and systems.read more
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October 24, 2023 NewsTowards a Triple-A Global VisionThis article was first published in The Treasurer, Issue 3 2023. Find more at The Treasurer Magazine. By Bob Stark, Global Head of Market Strategy at Kyriba The future of treasury technology is visual,...read more
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October 05, 2023 NewsUnlocking the Future: AI in Treasury Management with Bob StarkIn today’s fast-evolving financial world, integrating AI into treasury functions and functions is revolutionizing the industry. Our exploration focuses on AI’s transformative role in treasury, particularly spotlighting the innovative strides made by Kyriba, a...read more
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October 05, 2023 NewsSibos: The Challenge of Instant TreasuryCorporate treasury expectations for on-demand financial information are yet to be addressed. The difficulty of gathering data from disparate systems should not be underestimated. One key topic at last week’s Sibos conference in Toronto...read more
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September 28, 2023 NewsArtificial Intelligence and Transaction Banking: Working SmarterDigital transformation is reshaping industries, and the treasury function is no exception. Once considered a bastion of rigid number-crunching and traditional finance processes, treasuries are now experiencing a revolution. The force behind the change...read more
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September 21, 2023 NewsKyriba To Provide RBC With Cloud-Based Payables and Receivables Finance Solution As the Bank Expands Supply Chain Finance Offerings for Canadian EnterprisesKyriba’s solution will be used by the bank to expand on its ability to provide its Canadian commercial clients with integrated and enhanced working capital solutions. SAN DIEGO - September 21, 2023 -- Kyriba,...read more
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September 05, 2023 NewsKyriba Appoints Visionary Leader Melissa Di Donato as New Chair and CEOTransformative Tech Executive to Usher in New Era of Innovation and Growth for Enterprise Liquidity Management SaaS Pioneer SAN DIEGO - September 5, 2023 -- Kyriba, the global leader of cloud-based finance and liquidity...read more
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August 30, 2023 NewsSimplifying the Complex World of FX Risk Management: Insights from Jeff GogginsUnderstanding the complex realm of FX risk management can often feel like navigating through a labyrinth with no clear exit. Technical terms like balance sheet re-measurement, hedging, and central bank interventions may seem daunting....read more
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August 18, 2023 NewsEuropean Corporates Lose Out on Currency Gains As FX Volatility PlummetsEuropean corporates have been the big losers from lower overall FX market volatility in the first half of 2023 as EUR/USD normalised while the yen and yuan continued to struggle.read more
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August 02, 2023 NewsIDC MarketScape Names Kyriba a Leader in Worldwide SaaS and Cloud-enabled Enterprise Treasury and Risk Management ApplicationsRecognized for Vision and Capabilities Helping CFOs, Treasury Teams Reduce Risk and Accelerate Growth SAN DIEGO - August 3, 2023 -- Kyriba, (“the Company”) a global leader of cloud-based finance and liquidity solutions, announced...read more
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July 27, 2023 NewsPreparing for FedNow Instant PaymentsPart 2 of 2: Now that FedNow is live, what should companies be doing to prepare to send and/or receive payments via the service? As the Federal Reserve poised to launch its FedNow instant-payment...read more
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July 25, 2023 NewsFX Turbulence Cost Global Firms $22.5 Billion in First QuarterForeign-exchange volatility cost North American and European companies $22.5 billion in the first quarter, when a weaker dollar proved beneficial to US multinationals.read more
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July 21, 2023 NewsRethinking currency risk management amid $22.52bn FX headwindsAndy Gage, senior VP of FX solutions at Kyriba, talks FX headwinds and solutions deployed by firms to mitigate currency risks.read more
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July 19, 2023 NewsNow’s the Time to Get Ready for FedNowWhat does the instant-payments landscape look like now, and how will it change when the Fed enters the market later this month? The Federal Reserve’s FedNow service has been in the works for years....read more
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July 18, 2023 NewsKyriba’s Currency Impact Report: Multinationals’ FX Headwinds Wipe Out $22B in RevenueJuly 2023 Report Reveals Inflationary Pressures Led to Fourth Largest Impact on Record; 45% Year Over Year Spike in Headwinds to North American Corporations SAN DIEGO – July 18, 2023 -- Kyriba’s Currency Impact...read more
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June 29, 2023 NewsKyriba Leads Real-Time Liquidity and Payments Surpassing 100 Million API CallsKyriba reaches milestones with API calls and connectors for instant payments, real-time bank statement reporting, payment fraud prevention and liquidity management SAN DIEGO - June 29, 2023 -- Kyriba, (“the Company”) a global leader...read more
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June 21, 2023 NewsHow Treasury Can Benefit from the Government Threatening to DefaultCorporate treasury teams can leverage the recent debt-ceiling standoff to improve their preparedness for future crises. One of the most important lessons learned from the recent debt-ceiling standoff is that the U.S. government is...read more
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May 29, 2023 NewsDebt deal welcomed by investors, though risks loomGlobal investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline....read more
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May 19, 2023 NewsCurrency Swings Shave $29 Billion off of ProfitsIn Q4/2022, global FX markets were costly for North American companies, but less so than in Q3/2022. Swings in global foreign exchange (FX) markets cost the companies about $28.9 billion in the last three...read more
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May 18, 2023 NewsWild Currency Swings Shaved $29 Billion Off of Corporate ProfitsFirms saw impact from euro, Canadian dollar in fourth quarter of 2022. Kyriba data shows that volatility in FX markets was a major factor in 2022.read more
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May 18, 2023 NewsCurrency Volatility Places CFOs in “Tenuous Position”: KyribaThe latest quarterly Kyriba Currency Impact Report finds that the currency impact in Q4 2022 on corporations in North America and Europe was the third highest since the company started tracking results at over...read more
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May 18, 2023 NewsCurrency fluctuations’ effect on North American companies fell in fourth quarter, report shows ReutersThe negative impact of currency fluctuations on North American companies' results fell in the fourth quarter of 2022 compared with the previous quarter, data from treasury and financial management firm Kyriba showed on Thursday.read more
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May 18, 2023 NewsKyriba’s Currency Impact Report: Multinational Corporations Quantify FX Impacts Totaling Near Record $32.21 BillionFX Volatility Leads to Third Largest Quantified Earnings Impact to Date as CFOs Continue to Struggle with Currency Risk SAN DIEGO – May 18, 2023 -- Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly...read more
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April 20, 2023 NewsInterview with Kyriba: Making Liquidity Planning Actionable in Real-timeOriginally posted on InvoiceFinance.com by John Goodden I recently sat down with Bob Stark, Global Head of Market Strategy at Kyriba. He was nice enough to answer a few of my questions about Kyriba’s...read more
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April 18, 2023 NewsWhat are the Key Steps for Selecting the Right ERP Software?Article By Steven Otwell, Director of Payments, Kyriba and originally published on https://erpnews.com Selecting the right ERP software is a critical and daunting task for any business leader who takes on the responsibility to...read more
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April 03, 2023 NewsFX volatility calls for stronger cash management strategies to reduce impact on earningsThis article was originally published on cfo.com. Currency risk management needs to be a priority for CFOs this year amid growing FX volatility, latest research from Kyriba concludes. Currency volatility continues to be a...read more
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March 29, 2023 NewsKyriba and U.S. Bank Accelerate Real-Time Payment Enablement for BusinessesSolution Allows Clients of Both Companies to Easily Send Faster Payments Within Their Existing Kyriba Dashboard San Diego and Minneapolis -- Kyriba, a global leader of cloud-based finance solutions, and U.S. Bank announced today...read more
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March 07, 2023 NewsKyribaLive Returns April 10-12 to Engage, Connect and Transform Treasury and FinanceAnnual Conference to be Held in Phoenix will Empower Treasury and Finance Leaders to Optimize Liquidity, Harness Data and Drive Growth Kyriba ("the Company"), a global leader of cloud-based finance and IT solutions, today...read more
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March 05, 2023 NewsRussia & China Likely to Fail in Attempt to Topple US DollarRussia's attempts to topple the US dollar are unlikely to work, even as the country partners with China on an alternative reserve currency.read more
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February 23, 2023 NewsTreasury’s Strategic Role in Liquidity PlanningThe time is right to evolve cash forecasting. By Thomas Gavaghan | VP of Global Presales, Kyriba Corporate treasury and finance teams are grappling with a number of crises—record-setting inflation, foreign exchange (FX) volatility,...read more
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February 14, 2023 NewsBest Digitisation Solution Winner: DT OneIn the past, this fast growth company faced significant operational risk issues and onerous banking processes with multiple bank accounts with multiple different banks due to its unique business model while lacking digital solutions...read more
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February 01, 2023 NewsDollar Strength Wipes Out Record $43 Billion of North American Firms’ ProfitsCurrency oscillations cost North American companies $43.2 billion in the July to September period — an all-time high since data tracking started a decade ago — according to Kyriba Corp. That’s a 26% spike...read more
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February 01, 2023 NewsPopular Tool to Cut Debt Costs Loses Luster as Global Central Banks Hike RatesFinance chiefs last year took advantage of relatively low rates in other countries by swapping their debt payments into different currencies. Those dynamics are shifting.read more
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February 01, 2023 NewsCorporates faced record FX headwinds last yearUS dollar volatility will have the biggest impact on APAC treasurers’ ability to predict cash flows and earnings in 2023, the Kyriba team believes.read more
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January 31, 2023 NewsCurrency fluctuations’ impact on N. American costs rose sharply in Q3The negative impact of currency fluctuations on North American companies' results rose sharply again in the third quarter of 2022, data from treasury and financial management firm Kyriba showed on Tuesday. The collective exchange-rate...read more
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January 31, 2023 NewsKyriba’s Currency Impact Report: Record $47 Billion in FX Headwinds for MultinationalsJanuary 2023 Report Shows FX as a Material Drag on Financial Results at North American and European Corporations with Total Impacts Reaching $64.22 Billion SAN DIEGO – January 31, 2023 -- Kyriba’s Currency Impact...read more
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January 18, 2023 NewsGlobal Finance Awards Kyriba Best Cloud FX Solution 2023Currency exchange risk and currency risk awareness are at a historical tipping point. As international trade continues to grow and global economies become more interconnected, managing currency risk has become a critical concern for...read more
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January 12, 2023 NewsGrowing Women Leaders in Treasury and FinanceSteps organizations and individuals can take to build confidence and reduce obstacles to treasury leadership. Confidently climbing the corporate ladder continues to be a struggle for many women in treasury and finance. Several factors—including...read more
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January 04, 2023 NewsKyriba on Claman Countdown: Stocks Fall in First Trading Day of 2023Liz Claman, Fox Business anchor, interviewed Wolfgang Koester, Chief Evangelist of Kyriba, live from Qualcomm in San Diego to discuss the first day of trading. Koester expects US dollar strength to continue, helping to...read more
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December 15, 2022 NewsTreasury Excellence: Alexander Hamilton Award Finalists, 2023The Alexander Hamilton awards recognize the most impressive 2023 treasury transformation projects! Every year Treasury & Risk hosts a prestigious competition for Treasury and Finance professionals. The Alexander Hamilton Awards recognize leaders who have...read more