
Kyriba News
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Debt deal welcomed by investors, though risks loom
Global 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....

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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 PressKyriba’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 PressKyriba 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 PressKyribaLive 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 PressKyriba Partners with Jiko to Enhance its Marketplace with Direct Access to T-Bills Through a New Investment ApplicationThe new offering gives corporate finance teams access to low-risk US Treasury bills for higher yield on liquid assets San Diego (USA) – February 23rd, 2023 – Kyriba Corp, a global leader in cloud-based...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 PressKyriba’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
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December 13, 2022 PressKyriba Launches New Receivables Finance Solution to Help Finance Teams Facing Higher Interest Rates and InflationKyriba Receivables Finance will Provide Companies with a Real-Time Tool to Accelerate the Cash Conversion of their Receivables with One Click, while Improving Visibility on Their Liquidity SAN DIEGO – 13 December, 2022 –...read more
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December 01, 2022 NewsKyriba on Fox Business Network: Importance of Cash Liquidity in 2023In an interview with Fox Business, Kyriba's Wolfgang Koester looks ahead to 2023 and emphasized the the importance of predicting cash flows and protecting corporate cash. According to Koester, CEOs are partnering with CFOs...read more
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November 29, 2022 PressKyriba and J.P. Morgan Payments Launch New Real-Time Treasury SolutionNew API Delivers US Real-Time Payments (RTP®), Payments Status and Bank Reporting Hunt Companies Sees Value from 375% Increase in Real-Time Payments SAN DIEGO – November 29, 2022 – Kyriba (“the Company”), a global...read more
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November 03, 2022 NewsFX Crisis Management: Dealing with Currency ShocksNo company that does business overseas is going to be surprised to hear that currencies are volatile right now and are impacting many multinationals’ bottom line. But Kyriba’s most recent “Currency Impact Report” puts...read more
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November 03, 2022 PressGoldman Sachs Asset Management Partners With KyribaThe partnership streamlines workflow for money market fluid investing between Kyriba’s digital Treasury Management Solutions and Mosaic, Goldman Sachs Asset Management's liquidity solutions portal New York – November 3, 2022 – Goldman Sachs Asset...read more
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October 24, 2022 NewsCompanies Focus On Constant – Currency Metrics to Soothe Investors’ NervesThe strong US dollar is trimming points off earnings but CFOs would prefer to highlight measures they control to investors. Companies are more frequently reporting in constant-currency figures to demonstrate the underlying business trend...read more
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October 24, 2022 PressKyriba Revolutionizes Cash Forecasting for CFOs with Liquidity Planning PlatformNew Solution Helps Predict and Reach Free Cash Flow Targets to Improve Financial Resilience Against Market Volatility SAN DIEGO – October 24, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and...read more
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October 18, 2022 NewsCurrency hit to N. American companies seen ‘bad’ after rough Q2 -reportA surging U.S. dollar is likely to weigh even more on North American companies' third-quarter results than in the prior quarter, when the currency impact was the worst since at least 2013, treasury and...read more
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October 18, 2022 PressWilliam Goodall appointed VP of Sales for Northern Europe of KyribaSAN DIEGO (US), LONDON (UK) – October 18, 2022 – Kyriba, one of the world leaders in treasury, payments and cloud finance solutions, has today announced the appointment of William Goodall as VP of...read more
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October 18, 2022 NewsWild Currency Swings Take $34 Billion Bite From Company ProfitsA surging dollar and weakness abroad whacked North American corporate profits by an unprecedented amount in the second quarter, foreshadowing an even worse hammering this earnings season. Currency volatility cost North American companies $34.3...read more
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October 18, 2022 PressKyriba’s Currency Impact Report: FX Impacts Rock Multinationals to Record-breaking $49 BillionQuarterly Report Reveals North American Corporations Struck By $34 Billion in FX Headwinds, Up 3,583% in Less Than a Year SAN DIEGO – October 18, 2022 – Kyriba’s Currency Impact Report (CIR), a comprehensive...read more
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October 03, 2022 NewsKyriba on CNBC: Strong Dollar’s Massive Impact to Corporate EarningsIn a recent interview on CNBC Worldwide Exchange with Dominic Chu, senior markets correspondent, Kyriba’s Senior Strategist Wolfgang Koester reacted to questions about the state of the market today for multinational CEOs and CFOs,...read more
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September 28, 2022 NewsSurging Dollar Threatens $60 Billion Hit to Corporate RevenueThe greenback’s strength is likely to reduce the profits of a third of the companies in the S&P 500 this quarter. The dollar’s precipitous ascent is about to become an even bigger headache for...read more
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September 27, 2022 NewsPodchaser Episode 191: Simplifying your Financials from Mounds of DataBob Stark, Global Head of Market Strategy at Kyriba is speaking on Simplifying your financials from mounds of data.read more
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September 27, 2022 PressKyriba Expands Risk Portfolio, Launches Commodities RiskNew FinTech Solution Optimizes Hedging Programs and Reduces Costs with Integrated Exposure Data, Analytics and Visibility within a Treasury Management Application SAN DIEGO – September 27, 2022 – Kyriba, (“the Company”), a global leader...read more
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September 20, 2022 NewsKyriba on Fox Business Network: How Rising Interest Rates Impact Cash Flow and Revenue ForecastsThe US dollar is stronger than almost every currency in the world. While this impacts trade by making it more expensive to buy US goods, it has the effect of increased foreign investments in...read more
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September 15, 2022 PressKyriba Launches AI-Driven Cash ManagementNew Solution Optimizes Enterprise Liquidity with AI Powered Cash Forecasting SAN DIEGO – September 15, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of...read more
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September 09, 2022 NewsTurning Data into Business Insight: Finance and IT ConvergingHamza Benamar, CFO at Kyriba, offers guidance to CFOs on the importance of working with CIOs to invest in the capacity to manage big data, and provides insights into why, with the current market...read more
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August 25, 2022 PressKyriba Recognized on the Inc. 5000 Annual List of America’s Fastest-Growing Private Companies for the Ninth TimeEnterprise Liquidity technology company consistently drives double digit growth, award winning product innovation, and client services SAN DIEGO – Aug. 25, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT...read more
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July 31, 2022 NewsCurrency weakness weighs heavily on ECBWhile the figure for European corporate FX losses is not massively out of line with previous quarters, what is notable is the continued impact of the weaker euro with the single currency being among...read more
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July 29, 2022 NewsKyriba on Fox Business: Currency Markets Leading Equity Markets amid Recession FearsKyriba senior strategist Wolfgang Koester joins Maria Bartiromo on Fox Business Network's "Mornings with Maria" to discuss currency exchange impacts to corporate earnings and safe investment strategies. Wolfgang Koester focused on earnings, the dollar,...read more
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July 25, 2022 NewsCentral Banks’ Interest-Rate Moves Complicate Companies’ Hedging StrategiesCentral banks’ diverging interest-rate moves are making it harder for U.S. companies to hedge against currency risks, as they create higher costs for some while benefiting others. The strong dollar is leading many businesses...read more
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July 22, 2022 NewsThe Super DollarMore cautionary FX tales: Global Finance reports how the "Super Dollar" and other market conditions heightens the challenge Risk Leaders face in managing currency exposures. This article concludes with concern, especially for emerging countries,...read more
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July 21, 2022 PressKyriba’s Currency Impact Report: Multinationals’ FX Impacts Surge to $24 BillionThe July 2022 Report Reveals $14+ Billion Hit in Q1 Headwinds to North American Corporations, More Than 200% Single Quarter Spike SAN DIEGO – July 21, 2022 -- Kyriba’s Currency Impact Report (CIR), a...read more
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July 20, 2022 NewsTreasurers scramble to navigate FX headwinds as greenback soarsCorporates are increasingly turning to VaR techniques to help them cope with FX challenges unleashed by the soaring US dollar.read more
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July 02, 2022 NewsUS multinationals grapple with soaring dollarThe rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities...read more
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June 22, 2022 PressKyriba Launches Portfolio VaR Analysis to Tackle Currency RiskNew Analytics Offer More Precise and Immediate Decision Support to FX Risk Managers, Optimizing Hedging Programs SAN DIEGO – June 22, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT...read more
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June 22, 2022 NewsCompanies Review Hedging Strategies as Strong Dollar Cuts ProfitsThe Wall Street Journal Coca-Cola, Microsoft and Salesforce are among the companies that have pointed out the negative effect of the strong dollar on their financial results Companies are reviewing their hedging strategies in...read more
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June 13, 2022 NewsRise in dollar to 20-year high costs US companies billions in earningsNorth American businesses’ foreign exchange losses estimated at $40bn in first half of year. Currency headwinds are on the rise with a number of companies including Microsoft, Salesforce and TJ Maxx increasing guidance on...read more
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June 09, 2022 NewsKyriba Named One of the World’s Most Innovative Financial Technology Companies of 2022Kyriba, a global leader of cloud-based finance and IT solutions, has been recognized by Global Finance Magazine as one of the five most innovative global financial technology companies of 2022. The Innovators Awards –...read more
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June 08, 2022 PressKyriba Named One of the World’s Most Innovative Financial Technology Companies of 2022Global Finance Magazine Recognizes Cloud-based Finance and IT Solutions Leader for Reimagining and Designing Finance Tools for Corporate Treasury Teams, Financial Institutions SAN DIEGO – June 8, 2022 – Kyriba, a global leader of...read more
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June 06, 2022 NewsStay Out of the Headlines: Reduce Payment FraudAccording to the 2022 AFP Payments Fraud and Control Survey, 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before. As payment fraud continues...read more
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June 03, 2022 NewsThe Innovators 2022: Global And Regional HonorsAs pandemic response continues to reshape human behaviors and attitudes, banks are strengthening in-house innovation teams and tapping broader networks to stimulate fresh ideation in financial services.read more
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May 18, 2022 NewsKyriba on Fox Business Network: Lowe’s Beat’s Estimates – What that Means for Investors and CFOsKyriba Chief Evangelist Wolfgang Koester joined Maria Bartiromo, Fox Business Network (FBN) Anchor, on "Mornings with Maria" along with FBN Financial Correspondent Jackie DeAngelis, Fox News Contributor Joe Concha and President of Through the...read more
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May 16, 2022 NewsThe Currency Winds Have ShiftedAfter Kyriba’s Q1/2022 “Currency Impact Report” showed FX boosting multinationals’ earnings by more than $9 billion, the Q2 report shows that currency headwinds reduced corporate profits by a total of $4.56 billion in North...read more
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May 16, 2022 NewsPress release: Kyriba: companies report $11.21bn in FX impactsThis quarter’s Currency Impact Report from Kyriba reveals North American multinational corporations lost $4.56 billion in the last quarter due to currency volatility, led by a surge in the Canadian dollar against the Euro...read more
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May 16, 2022 NewsCurrency risk set to double or triple – Kyriba reportA three-quarter trend of falling FX impacts came to an end in the final quarter of last year, as corporates surveyed by Kyriba reported a 390% increase in headwinds from currency volatility.read more
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May 13, 2022 NewsUS Corporates Suffer as Dollar Soars: More Pain to Come?The latest quarterly Currency Impact Report from Kyriba finds that US corporations saw a 390% increase in currency headwinds in the last quarter of 2021, compared to the previous quarter. Perhaps of more concern...read more
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May 12, 2022 PressSurvey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, EfficiencyAI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention Atlanta, GA – May 12, 2022 – Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey....read more
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May 12, 2022 NewsKyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted by $11.21 Billion in Total FX VolatilityKyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of...read more
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May 12, 2022 NewsKyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted by $11.21 Billion in Total FX VolatilityKyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of...read more
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May 12, 2022 PressKyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted By $11.21 Billion in Total FX VolatilityQuarterly Report Reveals North American Corporations Suffered $4.56 Billion in Headwinds SAN DIEGO – May 12, 2022 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange...read more
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May 12, 2022 NewsThe Morning Ledger: Hot Job Market, Strong Demand for CFOs Strain Due Diligence$4.56 billion: The amount of money that North American companies lost during the first quarter due to currency-related volatility, according to Kyriba, a treasury management software company.read more
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May 10, 2022 NewsAnalysis: Dollar’s surge spurs currency hedging by U.S. companiesU.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to multi-decade highs. The dollar has climbed about 15% against a basket of...read more
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May 06, 2022 NewsIs there an ideal structure for treasury teams?How should treasury teams best structure themselves to ensure they can cover each critical task? Sally Percy finds out Steve Jobs, the late founder of technology giant Apple, once said: “Great things in business...read more
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April 28, 2022 NewsTreasury Tech Update: Finastra, Kyriba, Microsoft and moreCloud treasury and finance solution provider Kyriba has announced 24 new ERP API solutions that enhance access to real-time payments, enterprise liquidity management and resiliency against global economic disruption.read more
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April 28, 2022 NewsKyriba and ICD Launch API to Power Automation, Liquidity Insight Across the Investment WorkflowKyriba Marketplace Offers Easy to Use, Self-serviceable API Development for Clients and Partners. Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced the launch of a new API connector with...read more
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April 28, 2022 PressKyriba and ICD Launch API to Power Automation, Liquidity Insight Across the Investment WorkflowKyriba Marketplace Offers Easy to Use, Self-serviceable API Development for Clients and Partners SAN DIEGO – April 28, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced...read more
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April 27, 2022 NewsCFO tech updates: PwC, Workday, Kyriba and moreOn April 14, Kyriba announced 24 new API connectors offering real-time connectivity and multiple bi-directional workflows to help finance teams accelerate liquidity management, eliminate fraud and support business continuity.read more
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April 26, 2022 NewsTrendspotting FX-Part 2: How CBDCs are evolving, and what companies should be doing to prepare.Kyriba’s “Currency Impact Report” released earlier this year found that in Q3/2021, North American businesses mostly experienced “tailwinds”—swings in foreign exchange (FX) that increased their earnings per share by 4 cents on average. Treasury...read more
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April 23, 2022 NewsKyriba Accelerates Access To Services In Real TimeKyriba, a global leader in cloud-based financial and IT solutions, has announced 24 new live and fully integrated API connectors with Kyriba’s cloud platform, accelerating access to real-time services, payments, business liquidity, and optimization....read more
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April 21, 2022 NewsTrendspotting FX-Part 1: Complacency emerges as a significant risk in Kyriba’s latest “Currency Impact Report.”Part 1: Complacency emerges as a significant risk in Kyriba’s latest “Currency Impact Report.” Kyriba’s latest “Currency Impact Report” estimates that North American companies experienced $9.32 billion in currency tailwinds late last year.read more
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April 20, 2022 NewsKyriba Announces 24 New ERP API ConnectorsKyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity...read more
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April 19, 2022 NewsSociete Generale Introduces Payment & Transaction Banking AcceleratorPayment & Transaction Banking Accelerator will support startups working on cash management and trade finance. The six-month incubation period will start in September 2022. In June last year, Societe Generale collaborated with Kyriba, a...read more
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April 19, 2022 NewsKyriba Announces 24 New ERP API Connectors to Accelerate Liquidity Management and Support Business ContinuityKyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity management...read more
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April 19, 2022 PressKyriba Announces 24 New ERP API Connectors to Accelerate Liquidity Management and Support Business ContinuityAPIs connect SAP, Oracle, and Microsoft ERP Customers to over 1,000 Banks for Real-Time Payments, Fraud Detection, Cash and Treasury Risk Management SAN DIEGO – April 19, 2022 – Kyriba, (“the Company”) a global...read more
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April 18, 2022 NewsKyriba Introduces a Range of API Connectors to Its Cloud PlatformThe cloud-based finance and IT solutions company Kyriba has launched 24 new API connectors within its platform, accelerating access to real-time payments, enterprise liquidity management and optimising resiliency against global economic disruption.read more
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April 18, 2022 NewsData key for treasurers as they focus on cash visibility and controlThe pandemic and ongoing volatility is testing treasurers as never before, but greater leveraging of their data can help them better navigate the turmoil. Treasurers need for visibility, optimised working capital and control over...read more
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April 05, 2022 NewsTreasuries Focused on TransformationAn IDC study shows why so many treasury organizations need transformational change, including rolling out a “unified liquidity management strategy.”read more
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March 28, 2022 NewsGlobal Survey Validates the Emergence of a New Practice Area in Enterprise IT Valued at $30 BillionKyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800 corporate finance executives validate...read more
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March 28, 2022 NewsA Guide to Digital Banking Trends for CFOs in 2022Today’s CFOs are facing increasing levels of market uncertainty that can have a major impact on their ability to stabilize or grow their business. Compounded by operating in a fast-evolving digital banking landscape, there...read more
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March 24, 2022 PressGlobal Survey Validates the Emergence of a New Practice Area in Enterprise IT Valued at $30 BillionCorporate Leaders are practicing Enterprise Liquidity Management to protect balance sheets, drive new post-pandemic growth opportunities SAN DIEGO – PARIS, March 24, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and...read more
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March 09, 2022 NewsRussia-Ukraine war highlights the need for strong FX risk managementThe Ukraine crisis has led to a surge in FX volatility following the strict economic sanctions placed on Russia from countries around the world, increasing the need for strong FX risk management for corporates...read more
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March 05, 2022 NewsVolatile FX markets aren’t going away, warns Kyriba’s latest reportThe Global Treasurer spoke with senior strategist at Kyriba, Wolfgang Koester, to discuss the key findings from the company’s latest Currency Impact Report and how corporates can manage $12bn in currency impacts to earnings...read more
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March 04, 2022 NewsBest Treasury and Cash Management Providers 2022: Systems And ServicesKyriba awarded BEST TREASURY MANAGEMENT SOFTWARE. As a pioneer in treasury SaaS, Kyriba challenged the naysayers who describe SaaS as a watered-down version of a fully fledged TMS.read more
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March 02, 2022 NewsHow treasurers can optimise FX risk management in 2022According to recent research from Kyriba, although the collective negative impact of foreign exchange exposures was down in Q3 of 2021 compared to the previous quarter, FX volatility is trending upwards again and is...read more
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February 28, 2022 PressKyriba Conference Elevates Enterprise Liquidity to Accelerate GrowthKyribaLive 2022 North American User Conference April 6-7 Reveals Client Success Stories, Client Awards and Product Intelligence San Diego - February 28, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and...read more
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February 16, 2022 NewsKyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management PlatformKyriba today announces that Barilla has selected the Kyriba enterprise liquidity management platform to support its treasury, risk management and supply chain finance.read more
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February 15, 2022 PressKyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management PlatformSan Diego, Milan (Italy) -February 15, 2022 – Kyriba, (“the Company”) a global leader in cloud treasury, payments and finance solutions today announced that Barilla, a leading global food company, has selected the Company's...read more
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February 14, 2022 NewsLow currency impact for corporates in recent quarters, but inflation loomsA recent Kyriba report found currency fluctuations to have a milder impact in 3Q21 compared to earlier quarters, but Asian ex-rates – especially the yuan – should be closely monitored, warns strategist.read more
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February 14, 2022 NewsKyriba’s Currency Report Released, $11.98 Billion Was the Total Impact from FX VolatilityCompanies reported $9.86 billion in tailwinds and $2.13 billion in headwinds. The Average Earnings per Share (EPS) of US companies rose to $0.04.read more
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February 12, 2022 NewsUS CFOs report supply chain and currency FX volatilityKyriba Currency Impact Report reveals nearly US$12bn foreign exchange volatility as supply chain disruption, currency volatility and inflation test CFOs.read more
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February 10, 2022 NewsFX Provides Revenue Boost for US CompaniesThe latest quarterly Kyriba Currency Impact Report, which details the impacts of FX exposures among 1,200 multinational companies based in North America and Europe, reveals $11.98 billion in total impacts to earnings from currency...read more
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February 10, 2022 NewsCurrency hit to North American companies in Q3 lowest since 2018The negative impact of currency fluctuations on North American companies' third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and...read more
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February 09, 2022 NewsDaily API RoundUp: KyribaKyriba is SaaS Treasury Management software. The Kyriba APITrack this API enables developers to connect to the Platform and integrate open banking services into their own applications. API methods are available to manage bank...read more
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February 09, 2022 PressKyriba’s Currency Impact Report Reveals $11.98 Billion in Total FX Volatility in Earnings for North American and European Multinational CorporationsQuarterly Report Identifies FX Vulnerability for North American Corporations Quantifying $9.32 Billion in Tailwinds San Diego – February 9, 2022 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts...read more
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February 08, 2022 NewsKyriba on Fox Business Network: Current Market Volatility Underscores the Importance of Managing Cash FlowsKyriba's Wolfgang Koester joined Maria Bartiromo on Fox Business Network providing his views on the importance of managing balance sheets and cash flows for CFO’s especially during times of market volatility and uncertainty.read more
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February 03, 2022 NewsFour Ways Data Drives Digital Transformation SuccessDigital Transformation quickly became one of the most popular buzzwords of the COVID era as leaders struggled to navigate the applications, virtualized experiences, and new practices required to enable and manage a remote workforce...read more
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January 28, 2022 NewsTreasury doesn’t have to lose out to FP&A on forecastingCFOs have been placing a higher priority on strategic cash forecasting over the last few years. But while one might assume this means treasury is becoming more involved in company strategy, we’ve been hearing...read more
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January 20, 2022 PressKyriba Awarded World’s Best Treasury Management Software and Open Banking Treasury Solution by Global Finance MagazineGlobal Leader of Cloud-based Finance and IT Solutions Recognized for innovation in cash and liquidity optimization, ability to drive resiliency, and unify data across the enterprise San Diego – January 20, 2021 – Kyriba...read more
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January 07, 2022 NewsThe Myths and Truths of Government Payment FraudPayment fraud continues to be a silent crisis for the public sector. In addition to the potential loss of taxpayer funds, government agencies are also facing the negative press, reputational damage, potential impact to...read more
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December 23, 2021 NewsKyriba on Fox Business Network: Central Banks Will Issue Their Own Electronic CurrencyKyriba's Wolfgang Koester joined Maria Bartiromo on Fox Business Network providing his views on volatile market conditions and the potential of a digital currency. CFOs who have access to data in real-time, and a...read more
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December 16, 2021 NewsA Treasure in Retail"When I joined Macy's, we as a treasury department implemented a treasury platform called Kyriba, which essentially consolidated all of our bank reporting and automated that into a single electronic platform," Douglas Brauch, Macy's...read more
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December 09, 2021 PressKyriba Announces the Appointment of an Executive Advisory BoardSan Diego – Dec. 9, 2021 – Kyriba Corp. ("the Company"), a global leader of cloud-based finance and IT solutions, announced today the creation of its Executive Advisory Board (“the Board”) comprised of globally...read more
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December 06, 2021 NewsToo Many Security Alerts? AI-driven Automation Can Ease the Burden and Keep Data SaferCompanies are turning to managed detection and response and automated threat defense tools to give their security teams some backup.read more
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December 06, 2021 News3 Ways Data Drives Digital Transformation SuccessForbes columnist Benjamin Laker published an interview with Jean-Luc that neatly presents his vision for the future of finance and the importance of enterprise liquidity management. The article identifies ROI, Automation and Intelligence as...read more
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December 03, 2021 PressKyriba Recognized by Global Finance Magazine’s Annual FX Tech Awards for Best TMS Provider with FX Module, Best Solution for FX Cash-Flow HedgingSan Diego – Dec. 3, 2021 – Kyriba Corp.Kyriba Corp. ("the Company"), a global leader of cloud-based finance and IT solutions, has been recognized for its FX Risk Management solution as ‘Best TMS Provider...read more
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November 30, 2021 NewsKyriba on Fox Business Network: Futures Down Over Omicron UncertaintyKyriba's Wolfgang Koester joined Maria Bartiromo on Fox Business Network to discuss how CFOs can mitigate any market volatility brought on by the Omicron variant. Koester believes companies need to assess how prepared they...read more
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November 13, 2021 NewsThe Fuel Powering DigitizationAPIs have been around for some time but their significance is growing in the asset servicing industry as experts say they are the fuel powering digitalisation.read more
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November 10, 2021 NewsCorporates on Both Sides of Atlantic Face Dollar DilemmasMultinationals are increasingly reluctant to reveal the precise impact of currency fluctuations on their bottom line.read more
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November 02, 2021 NewsTreasury tech update: EBA Clearing, Kyriba and moreThe Global Treasurer’s monthly round-up of treasury tech news, including new partnerships, product launches and people moves.read more
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November 01, 2021 NewsWhat The Pandemic Taught Us About LiquidityInformation security is among every company’s biggest concerns today. And according to Eric Adams, Chief Information Security Officer at Kyriba, a treasury management software company based in San Diego, California, one of the most...read more
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November 01, 2021 NewsImpact of FX volatility amounts to $27.87 billion in 2Q21A recently published report highlights the importance of quantifying currency exposure and minimising foreign exchange (FX) risk for corporate treasurers.read more
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October 27, 2021 NewsKyriba Leaps to the TF RescueKyriba – the cloud-based finance and IT solutions group – has launched Kyriba Working Capital Solutions as part of its effort to close the reported $3.4 trillion trade financing gap and help corporate buyers...read more
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October 27, 2021 NewsThe Morning Ledger: Corporate Minimum Tax Resurfaces as Democrats Hunt for MoneyCurrency fluctuations during the second quarter boosted 1,200 global companies' earnings by a collective $23.62 billion, the highest such amount in at least a decade, according to Kyriba Corp., a treasury management software firm.read more
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October 26, 2021 NewsCurrency hit to North American companies’ results dips in Q2The negative impact of currency fluctuations on corporate results for North American companies fell in the second quarter of this year from the previous quarter, data from treasury and financial management firm Kyriba showed...read more
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October 26, 2021 NewsKyriba on Fox Business Network: Inflation is an Increasing ProblemFox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester. He argues that inflation is "an increasing problem" and that it "will impact earnings, but not all negative" and points to the...read more
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October 26, 2021 PressKyriba’s Currency Impact Report Reveals $27.87 Billion in Total FX Volatility in Earnings for North American and European Multinational CorporationsThe October 2021 Report Shows Persistent FX Vulnerability for North American Corporations Reporting $22.93 Billion in Q2 Tailwinds San Diego – October 26, 2021 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report...read more
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October 16, 2021 NewsBanks Focus on Vendor Collaboration for Treasury ServicesSociete Generale’s decision to launch a joint treasury management solution with Kyriba is just the latest example of banks and technology vendors collaborating to offer more sophisticated treasury functionality.read more
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October 15, 2021 NewsKyriba Launches New Working Capital Solutions to Close $3.4T Trade Financing Gap“The pandemic has created unprecedented risk in global supply chains. Suppliers are being crushed financially as they wait the additional weeks and months it now takes to get products to market, said Jean-Luc Robert,...read more
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October 14, 2021 PressKyriba Launches New Working Capital Solutions to Close the $3.4 Trillion Trade Financing GapThe Company’s Investments Increase Access to Liquidity to End Supply Chain Risk San Diego – October 14, 2021 – Kyriba, (“The Company”) a global leader of cloud-based finance and IT solutions, announced the launch...read more
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October 05, 2021 PressKyriba Appoints New Chief Experience Officer to Lead Client Services TeamsSan Diego – October 5, 2021 – Kyriba ("the Company"), a global leader of cloud-based finance and IT solutions, announced the appointment of a new Chief Experience Officer, Andrew Snyder, to lead the company’s...read more
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October 01, 2021 NewsData is key to working capital improvements, say speakers at Working Capital ForumThe event has been welcomed by working capital and supply chain finance solution providers, 12 of which are supporting the day as sponsors and exhibitors, ranging from established fintechs such as Taulia, Kyriba and...read more
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September 28, 2021 PressKyriba Strengthens Board with the Appointment of Four Transformational LeadersSan Diego, CA – September 28, 2021 — Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, announced today the appointment of four new members to its Board of Directors: Mike...read more
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September 23, 2021 NewsKyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API PlatformKyriba’s Open API Platform streamlines the creation and connectivity of new applications for the company’s trusted network, which connects 1,000 banks, manages over a million bank accounts, and processes over 200 million payments worth...read more
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September 16, 2021 PressKyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API PlatformThe Company’s Newly Announced Developer Portal Streamlines Application Development and Access to Thousands of Global Corporates and Banks San Diego – September 22, 2021 — Kyriba, a global leader in cloud-based finance and IT...read more
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September 09, 2021 NewsKyriba on Fox Business Network: Futures Point to LossesFox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester about whether futures point to losses. Wolfgang relates continuing optimism for futures among investors and recommends looking for value in companies that...read more
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August 26, 2021 NewsKyriba And Openpay Offer Smarter Payments Experience For US Based ClientsKyriba, a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to...read more
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August 25, 2021 PressKyriba and Openpay Offer Smarter Payments Experience for US Based ClientsNew Partnership Gives Kyriba Clients New Customer-Centric Payment Capabilities San Diego, Melbourne – August 26, 2021 — Kyriba, a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. (ASX: OPY) (Openpay),...read more
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August 24, 2021 NewsHow To Protect Against Payments FraudInformation security is among every company’s biggest concerns today. And according to Eric Adams, Chief Information Security Officer at Kyriba, a treasury management software company based in San Diego, California, one of the most...read more
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August 20, 2021 NewsCrypto challenges shine light on CFOs’ fiat currency managementFinance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies.read more
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August 10, 2021 NewsTreasury management at SMEs – Still too neglected?Treasury management or more generally Supply Chain Finance management is still a neglected topic at many SMEs. ... Nonetheless in this globalized competitive market with fast moving cash, even SMEs are in need of...read more
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August 04, 2021 NewsBlackLine and Kyriba Partner to Streamline Digitization of the Office of the CFOJoint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers.read more
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July 27, 2021 NewsRise of Digital Yuan Brings New Challenges for China Tech GiantsFor the past decade, private companies in China have led the way in the digitization of money, with Tencent Holdings Ltd. and Ant Group Co. setting up enormous private payment networks and cryptocurrency-mining operations...read more
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July 21, 2021 PressKyriba Platform Selected by Thales for Payments ManagementParis – 21 of July 2021 — Kyriba, one of the global leaders in cloud treasury, payments and finance solutions, has announced that Thales, the technology group specializing in aerospace, digital identity & security,...read more
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July 20, 2021 NewsKyriba Partners with Blackline to Facilitate Bank ConnectivityThe partnership between BlackLine, the Woodland Hills accounting software developer, and Kyriba offers enhanced capabilities for mutual customers through integrated products that will accelerate bank connectivity, increase cash visibility and enable greater automation for...read more
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July 20, 2021 NewsKyriba and Blackline Partner to Accelerate Bank Connectivity and Improve Treasury ManagementAccounting automation software maker BlackLine said Tuesday (July 20) it is working with Kyriba, which provides cloud-based finance and IT solutions, to streamline digitization for chief financial officers and improve finance and treasury department...read more
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July 20, 2021 PressBlackLine and Kyriba Partner to Streamline Digitalization of the Office of the CFOJoint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers LOS ANGELES and SAN DIEGO, Calif. – July 20, 2021 — Accounting automation software leader BlackLine, Inc. (NASDAQ:...read more
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July 14, 2021 NewsU.S. Dollar Volatility / Stocks To Watch: NWL, CHD, HUBBFor investors, be diligent as to where the companies they invest in are doing business, says Wolfgang Keoster, Senior Strategy Officer at Kyriba. He discusses monitoring U.S. dollar (/DX) volatility and how investors should...read more
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July 14, 2021 NewsKyriba on Fox Business Network: Earnings Season Kicking OffFox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester about currency impacts to S&P 500 companies in the second quarter of 2021. Hear why being currency agnostic is the winning strategy...read more
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July 13, 2021 NewsKyriba on Bloomberg Radio: Currency Impact Report: Wolfgang KoesterWolfgang Koester, Senior Strategist at Kyriba, discusses currency volatility and the Kyriba Currency Impact Report. Hosted by Paul Sweeney and Matt Miller. (Taylor Riggs fills in for Matt Miller)read more
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July 13, 2021 NewsHealthcare Stocks Beyond The Covid Boom (Podcast)Wolfgang Koester, Senior Strategist at Kyriba, discusses currency volatility and the Kyriba Currency Impact Report. Hosted by Paul Sweeney and Matt Miller.read more
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July 13, 2021 NewsCurrency hit to North American companies rose in Q1, Kyriba saysThe negative impact of currency fluctuations on North American companies' results increased in the first quarter to the highest level since the second quarter of 2020, data from treasury and financial management firm Kyriba...read more
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July 13, 2021 NewsThe Morning Ledger: Finance Chiefs Weigh the Impact, and the Odds, of a Global Minimum TaxFinance executives at multinational companies are trying to assess the potential implications of a global minimum tax for their businesses, with many of them skeptical whether the plan will come to fruition anytime soon.read more
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July 13, 2021 NewsCurrency volatility sees multinationals lose almost US$10bn in Q1North American and European companies reported a combined US$9.54bn in quantified negative currency impacts in Q1 2021, up 55% from the previous quarter, according to Kyriba's Currency Impact Report for Q2021. European companies accounted...read more
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July 13, 2021 PressKyriba’s Currency Impact Report Reveals $9.5 Billion in Total Quarterly FX Headwinds for North American and European Multinational CorporationsSan Diego, CA – July 13, 2021 — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and...read more
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June 22, 2021 NewsKyriba on Fox Business Network: The Risk of Managing AltcoinsLiz Claman, anchor of the Fox Business Network show Countdown to the Closing Bell, interviewed Kyriba Chief Evangelist Wolfgang Koester to understand the risk of companies investing in cryptocurrencies. Is there room for central...read more
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June 22, 2021 PressStandard Chartered and Kyriba Partner to Transform the Cross-Currency Payments ExperienceThe Partnership Combines Standard Chartered’s Payment Network and FX Capabilities with Kyriba’s Payments Solution through a New API Connector 22 June 2021, Singapore, San Diego – Standard Chartered, a leading international banking group, and...read more
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June 21, 2021 NewsMarket strategist on which Bitcoin investors to watch, which to stay away fromKyriba senior strategy officer Wolfgang Koester advises investors to heed caution around companies like MicroStrategy and Tesla.read more
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June 14, 2021 NewsSociete Generale Taps Kyriba To Launch Treasury Management SolutionSociete Generale has announced a strategic partnership with cloud-based IT solutions provider Kyriba, to roll out a new treasury management solution. According to the announcement, the new service will offer fraud management functionality and...read more
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June 11, 2021 PressSociete Generale and Kyriba Join Forces to Create a Cloud Treasury Management SolutionSociete Generale’s clients will have access to a complete treasury management solution (monitoring, payments and fraud management) based on Kyriba’s global cloud platform London, San Diego, – June 11, 2021 – Societe Generale (the...read more
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June 10, 2021 NewsAutomate Your Business Intelligence with AIArticle by Bob Stark, Global Head of Market Strategy, Kyriba Productivity has always been a core goal for finance teams, investing in both enterprise resource planning (ERP) and integrated best-of-breed platforms to unlock efficiencies...read more
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June 08, 2021 PressKyriba Expands Footprint in South African Countries with Digiata PartnershipBrings Treasury, Payments and Enterprise Liquidity Management Solutions to Sub-Saharan African Region Expands and Enhances Localized Services and Support San Diego, South Africa – June 8, 2021 — Kyriba, a global leader of cloud...read more
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May 24, 2021 NewsKyriba on Fox Business Network: Crypto Currency’s Wild RideFox Business Network financial news anchor Maria Bartiromo interviewed Kyriba Chief Evangelist Wolfgang Koester on "Mornings with Maria" to get his analysis of plummeting Bitcoin values, the rise of central bank digital currencies (CBDC)...read more
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May 20, 2021 NewsTreasury must see data as priority for tech transformationWith effective cash and liquidity management so crucial to the continuity of a business, the pressure to get timely and accurate forecasts has intensified. However, forecasting is not the best descriptor of what is...read more
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May 18, 2021 PressTAKKT selects Kyriba’s Liquidity and Payment PlatformStuttgart, Frankfurt (Germany), - 18 May 2021 — Kyriba, the global leader in cloud treasury, payments and finance solutions today announces that TAKKT AG, the leading B2B distance seller for business equipment in Europe...read more
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May 13, 2021 NewsKyriba: The Lack of Transparency in Treasury Management is a CFO’s Biggest GripeHamza Benamar, CFO for Kyriba, a treasury management software company, recommended CFOs be involved in understanding the health of the banking relationship, or at least receive updates on banking scorecards and other metrics to...read more
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May 06, 2021 PressPayments Solutions from Kyriba Achieve SAP Certifications for Integration with SAP NetWeaver and SAP S/4HANACertifications Help Accelerate ERP Implementation and Reduce Risk with Access to 45,000 Payments Formats Out of the Box with AI-based Payments Fraud Protection for CFOs and IT Leaders Through Interoperability with SAP® Solutions San...read more
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May 03, 2021 NewsMaking The Cloud PaySamuel Guillon knows firsthand the pandemic challenges faced by corporate finance officers. He was working as CFO of Colas, a global road and transport construction group, in the early days of the pandemic, when...read more
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May 03, 2021 NewsKyriba on Bloomberg TV: Weak Dollar Good for North American Corp. in AsiaBloomberg TV interviewed Kyriba Chief Evangelist Wolfgang Koester about the $6.16B in reported negative currency impacts from North American and European corporates, according to the April Kyriba Currency Impact Report. Koester predicts an increase...read more
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April 27, 2021 PressKyriba’s Currency Impact Report Reveals North American and European Multinational Corporations Report $6.16 Billion in Total Quarterly FX HeadwindsSan Diego, CA – April 27, 2021 — Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe,...read more
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April 15, 2021 PressKyriba Receives Customer Satisfaction Award from IDC’s SaaS Treasury Management SurveyHighest Ratings from Customers in Global Survey Include Business Intelligence, Trusted Brand, Product Innovation, Customer Service, and Geographic Reach San Diego, CA – April 15, 2021 – Kyriba (“the Company”), a global leader of...read more
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April 08, 2021 PressKyriba Successfully Completes ISO 27001 Surveillance Review AuditsSan Diego, CA – April 8, 2021 – Kyriba (“the Company”), a global leader of cloud finance and IT solutions, today announced that the Company recently completed its ISO 27001 surveillance review audit with...read more
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March 29, 2021 NewsMultinationals reported $6.16B in negative forex exposure for Q4: studyDuring the first quarter the “strengthening of the dollar increased volatility,” he said. “Therefore I am 100% sure that the impacts on earnings of Q1 ending March 31 will be worse” than during the...read more
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March 28, 2021 NewsThe US$6.16bn cost of FX headwindsKyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, has revealed negative impact from currency volatility of...read more
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March 27, 2021 NewsThe Morning Ledger: The Big Number$6.61 Billion. The amount of money that companies lost due to negative currency effects in the fourth quarter of 2020, down from $8.90 billion in the prior-year period, according to Kyriba, a software firm.read more
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March 17, 2021 NewsWhen Technology Excellence Drives People and Process ImprovementsHCSC deployed a new treasury workstation and integrated it with the company’s forecasting solution, accounting software, platform for initiating wire and ACH transactions, and investment systems. This first phase of technology transformation resulted in...read more
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March 17, 2021 NewsEffective ways finance can navigate digital transformation post-pandemicAs vaccines become available, organisations expect an economic rebound while continuing their digital transformation journeys such as those in the finance function. How’d the finance function’s journey be different after the pandemic? How should...read more
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March 04, 2021 NewsBest Treasury & Cash Management Providers 2021: Systems & ServicesGlobal Finance’s best TCM suppliers in systems and services are focusing on niches and building more AI into offerings. Kyriba named "Best SaaS Treasury Management Solution" 2021.read more
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March 03, 2021 NewsActivate Your Liquidity to Manage Treasury Challenges in the New NormalThe Kyriba Global Summit explored how financial technologies can support active treasury management, smarter payments, as well as fraud and risk concerns and active working capital management for corporates. Here are the key takeaways...read more
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February 26, 2021 NewsCurrency Impacts: Now and into the FutureReleased last month, Kyriba’s latest “Currency Impact Report” covers Q3/2020 earnings calls of 1,200 organizations that derive at least 15 percent of their revenue from overseas. Its key finding is dramatic. Treasury & Risk...read more
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February 15, 2021 NewsKyriba on Fox Business Network: How Managing Liquidity Is Affecting Company RevenuesWith market volatility on the rise, 100% visibility into company cash and active liquidity is essential for CFOs through the pandemic recovery to protect shareholder value. As Kyriba's Senior Strategist Wolfgang Koester explained to...read more
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February 04, 2021 NewsWorld’s Best Supply Chain Finance Providers 2021Global Finance names the World’s Best Supply Chain Finance Providers for 2021, noting growth and innovation taking place in the long tail of SMEs.read more
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February 04, 2021 NewsIs it Time to Appoint a Chief Liquidity Officer?In the current trading environment, where companies really need to have both acute visibility over their financial assets, and the most effective plans to manage them, we ask if the time has finally come...read more
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January 20, 2021 NewsEuropean corporates bear the brunt of US$9.82bn FX losses“This quarter should be a wake-up call for corporations that haven’t taken the necessary steps to actively manage risks across the enterprise," said Wolfgang Koester, chief evangelist for Kyriba.read more
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January 19, 2021 NewsCurrency hit to North American companies dropped in third quarter: KyribaThe negative impact of currency fluctuations on North American company results fell sharply in 2020's third quarter, reversing an upward trend, according to data from treasury and financial management firm Kyriba released on Tuesday.read more
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January 19, 2021 NewsKyriba’s Currency Impact Report Reveals Total Quarterly FX Losses for Multinational CorporationsIn a stunning turnaround, Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures from the global leader of cloud finance, treasury and IT solutions, revealed European multinational...read more
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January 19, 2021 NewsThe Morning Ledger: More Finance Chiefs Resigned in 2020 Than in Previous YearsThe Big Number: $9.82 Billion : Amount that North American and European companies admitted to losing in the third quarter of 2020 due to currency volatility, according to Kyriba Corp., a corporate-finance software provider.read more
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January 19, 2021 PressKyriba’s Currency Impact Report Reveals $9.82 Billion in Total Quarterly FX Losses for European and North American Multinational CorporationsFX Impacts on European Companies Increased by 126 percent in Q3 2020; FX Impacts Decreased by 84 percent for North American Companies The U.S. Dollar Led the Euro and Brazilian Real as the Most...read more
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January 18, 2021 NewsKyriba on Bloomberg Daybreak Asia: Trends in Global Currency VolatilityVolatility is expected to increase. Global economic leaders are in turmoil, Holland, Russia, Germany, G10 leaders are unstable, and the U.S. Federal Covid19 stimulus package are clear indicators of more volatility to come. CFOs...read more
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January 12, 2021 NewsReflections on 2020: Two Treasurers Recall the ChallengesUS corporates Arrow Electronics and Cummins Inc explain how they prioritised liquidity, digitisation and looking after their employees in 2020, speaking in a roundtable hosted by ING and in partnership with The Treasury Management...read more
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January 07, 2021 NewsCorporate FX Awards 2021"Given the strains the pandemic has created, day-to-day operations—including cash flow—is commanding more direct involvement from the board, underscoring the need for better FX analysis, said Jean-Luc Robert, Chairman and CEO at Kyriba.read more
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December 28, 2020 NewsKyriba on ERP News: Exclusive Interview with Jean-Luc Robert, CEO of KyribaPinar Sengul, Managing Director of ERP News interviewed Jean-Luc Robert, CEO of Kyriba, at Kyriba Global Summit 2020. Jean-Luc Robert shared his thoughts on ERP cloud migration and bank connectivity, the future of treasury...read more
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December 23, 2020 NewsAnalysis-Investors bet weak dollar will keep risk rally going in 2021Record-low U.S. interest rates, massive financial stimulus and a growing appetite for risk are among the catalysts that contributed to the dollar’s 6% drop against a basket of its peers year-to-date, putting it on...read more
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December 22, 2020 NewsKyriba on TD Ameritrade: Outlook for the U.S. Dollar and Currency VolatilityKyriba Chief Evangelist Wolfgang Koester is interviewed by Nicole Petallides, TD Ameritrade host of “The Watch List with Nicole Petallides”, covering the outlook for the U.S. dollar, currency volatility, the impact on MNCs in...read more
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December 17, 2020 NewsHow Did CIOs Do With Their Business Continuity Plans in 2020?Eric Adams, chief information security officer at Kyriba, said the need to serve customers never stopped. The company’s global client base of more than 2,000 enterprise corporate and financial institutions demanded the ability to...read more
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December 07, 2020 NewsKyriba on Bloomberg Radio: Airbnb’s Currency Exposure Is A Big Red Flag: Koester (Radio)Wolfgang Koester, Senior Strategy Officer at Kyriba, joins Bloomberg Radio hosts Paul Sweeney and Vonnie Quinnon to discuss the weakening US dollar and Airbnb's liquidity challenge. Foreign currency exchange risk impacts impacted North American...read more
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December 03, 2020 NewsSecret CSO: Eric Adams, KyribaWhat is the worst current trend in cybersecurity? "The worst trend so far is relying on a ‘checklist’ to check the box on security controls and then assume the organisation is safe…"read more
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November 20, 2020 NewsKyriba on Fox Business: Ending Federal Loan Programs: Mnuchin Declines Extension, Will Expire Dec 31Kyriba Chief Evangelist Wolfgang Koester joined Maria Bartiromo on 'Mornings with Maria' to discuss the impact of United States Secretary of the Treasury, Steve Mnuchin's, decision to end federal loan programs. "We look at...read more
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November 18, 2020 PressIntesa Sanpaolo Strengthens Its Supply Chain Finance Program with an Innovative Dynamic Discounting Service Now Available to Businesses Thanks to the Agreement with KyribaLarge buyers with significant excess liquidity can now offer suppliers advanced payment of invoices with a discount on the price that has been previously agreed upon. This new capability opens opportunities to optimize excess...read more
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November 12, 2020 NewsRush to Repatriate FX Shows Dangers of Liquidity OpacityA recent report finds that during the height of the pandemic companies that didn’t have enough visibility of their liquidity were quick to pull their assets out of multiple locations and centralise them in...read more
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November 11, 2020 NewsHow to Survive and Prosper in Today’s Cash and Treasury Management EnvironmentKyriba’s Global Summit – a virtual event truly catering for most global languages (English, French and Japanese, with subtitled broadcasts available in Italian and Spanish) – was impressive: It just worked. Once I’d got...read more
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November 06, 2020 NewsKyriba Virtual Event Showcases Treasury Case StudiesThe Kyriba Global Summit is described as a customised virtual event, where attendees will hear real stories of success and transformation from finance and IT executives on how they are effectively managing through the...read more
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October 30, 2020 NewsIndustry Roundup: 30 October, 2020Kyriba has announced a partnership with Midis Group, a technology organisation comprising some 170 companies across 70 countries in the EMEA region.read more
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October 29, 2020 NewsThe Morning Ledger: Green-Energy Companies Hope for Renewal of Tax Credit, National Plan After ElectionThe Big Number: $14.16 Billion - $14.16 Billion The negative currency impact for North American companies in the second quarter, up from $21.01 billion in the prior-year period, according to a new report from...read more
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October 28, 2020 PressMultinational Corporations, Thwarted by COVID-19 Crisis and Currency Volatility, Suffer $17.5 Billion in FX Losses, According to Kyriba’s Q2 2020 Currency Impact ReportNegative Currency Impact Is Up 44 Percent in Recent Quarter Impact on European Companies Increased 134 Percent Brazilian Real Shocks Multinationals San Diego, CA - October 28, 2020 The impact of currency volatility soared...read more
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October 28, 2020 NewsKyriba on Bloomberg TV: FX Moves Slammed Companies in 2Q 2020Bloomberg interviews Kyriba Chief Evangelist Wolfgang Koester about the massive shifts in the currency markets, and the more than $17 billion in currency exchange losses in Q2 2020 reported by multinational companies in North...read more
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October 26, 2020 PressKyriba Chairman and CEO Jean-Luc Robert Honored Among 100 Most Intriguing Entrepreneurs at Goldman Sachs 2020 Builders + Innovators SummitSan Diego, CA - October 26, 2020 Goldman Sachs (NYSE:GS) recognized Kyriba Chairman and CEO Jean-Luc Robert as one of the 100 Most Intriguing Entrepreneurs of 2020 at its Builders + Innovators Summit. Goldman...read more
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October 22, 2020 NewsCovid, Cloud and Corporate Treasury: Kyriba’s New CFO Speaks to CTKyriba's Chief Financial Officer Hamza Benamar, a fintech veteran, speaks to CT about what’s next for the global leader in cloud finance and IT solutions.read more
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October 20, 2020 NewsWhat are the key steps for selecting the right ERP softwareOn pages 28-29 of the magazine ERP News, Steven Otwell, Director of Payments at Kyriba, shares his expert views on what to consider when selecting an ERP.read more
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September 25, 2020 NewsKyriba Appoints CFO Hamza Benamar and CMO Thomas ButtaKyriba, the global leader of cloud finance and IT solutions, today announced it has appointed Hamza Benamar as Chief Financial Officer (CFO) and Thomas Butta as Chief Marketing Officer (CMO).read more
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September 24, 2020 NewsExecutive Appointments Further Kyriba’s Ambitions to Innovate Value for the Modern CFOHamza operationalized a high-growth enterprise for Wolters Kluwer and helped execute a $5.1B acquisition of SunGard by FIS, and Thomas positioned SignalFx as the leader in real-time cloud performance monitoring, which culminated in a...read more
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September 24, 2020 PressKyriba Appoints CFO Hamza Benamar and CMO Thomas ButtaExecutive Appointments Further Kyriba’s Ambitions to Innovate Value for the Modern CFO San Diego, CA - September 24, 2020 - Kyriba®, the global leader of cloud finance and IT solutions, today announced it has...read more
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September 22, 2020 NewsKyriba on TD Ameritrade: How Currency Trends Impact the Overall MarketKyriba Chief Evangelist Wolfgang Koester is interviewed by Nicole Petallides, TD Ameritrade host of “The Watch List with Nicole Petallides”, to address how the market is being impacted by currency trends. CFOs and senior...read more
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September 08, 2020 NewsCompanies Brace for Profit Hit From Euro RallyCompanies with more than $250 million in earnings typically deal in 40 currencies with more than 200 cross currencies, said Wolfgang Koester, senior strategist at Kyriba, a financial software company.read more
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September 01, 2020 NewsHow CXOs are reconfiguring budgets in the new normal of increased remote workBusiness continuity plans at Kyriba were tested by the working-from-home (WFH) environment. Eric Adams, CISO of Kyriba, said, "Our team had a good and accurate understanding of the potential demand for secure interfaces to...read more
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August 31, 2020 PressKyriba CEO Jean-Luc Robert Named in Top 50 SaaS CEOs of 2020Recognized for SaaS Leadership for the Second Consecutive Year SAN DIEGO – August 31, 2020 Kyriba, the global leader in cloud treasury and finance solutions, announced today that its Chief Executive Officer and Chairman,...read more
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August 19, 2020 NewsTurning to Kyriba for Payments Helped One Treasury Centralize OperationsOne member of NeuGroup’s Global Cash and Banking Group recently shared the benefits of using Kyriba as a payment factory that handles about 85% of his company’s treasury payments. The advantages boil down to...read more
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August 13, 2020 NewsKyriba on Yahoo! Finance ~ Dollar volatility is ‘going to stay for a while’: strategistThe coronavirus pandemic and the ongoing stimulus talks have driven the value of the dollar down to recent lows. Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the details and discuss what this...read more
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August 03, 2020 NewsKyriba on Bloomberg TV: One Volatile GreenbackKyriba Senior Strategist and Chief Evangelist interviewed on Bloomberg TV to discuss how currency volatility is impacting multinational corporations. US corporations gain from a weaker dollar overseas in a budget war. Hear why Koester...read more
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July 28, 2020 NewsCurrency Hit to North American Companies’ Results Rises to $10.8 BillionThe negative impact of currency fluctuations on North American companies’ first-quarter results rose from the preceding quarter but was well below its year-ago level.read more
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July 28, 2020 NewsJump in Negative Currency Impact on EarningsToday Kyriba released its Q1/2020 “Currency Impact Report.” This latest iteration of the quarterly report is the first to reflect the effects of the Covid-19 economic crisis.read more
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July 28, 2020 NewsCurrency Volatility Costs Companies Nearly $12B in FX Losses, Concludes Kyriba’s Q1 2020 Currency Impact ReportAccording to Wolfgang Koester, Chief Evangelist at Kyriba, "payments fraud risk is also a significant challenge to corporate governance and balance sheets, and will only increase under the current economic climate."read more
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July 28, 2020 NewsKyriba on Fox Business Network: Wolfgang’s Weak Dollar Picks and PansKyriba senior strategy officer Wolfgang Koester and Prosper Trading Academy Scott Bauer explain how a weakened dollar can be an asset for certain stocks because it helps some U.S.-based companies price their exports more...read more
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July 28, 2020 PressCurrency Volatility Costs Companies Nearly $12B in FX Losses, Concludes Kyriba’s Q1 2020 Currency Impact ReportNegative Currency Impacts Up 37 Percent in Quarter Despite Global Economic Contraction Brazilian Real Shocks Multinationals as Currency War Causes Unexpected Moves Impact on European Companies Up 58 Percent Kyriba’s Global Finance Solutions Leader...read more
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July 01, 2020 NewsKeeping Employees Top-of-Mind | Jon Nguyen, CFO, KyribaHaving last year surpassed the milestone of $100 million in annual recurring revenue, technology company Kyriba entered 2020 prepared to open a new growth chapter—one that is expected to include both organic growth as...read more
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July 01, 2020 NewsAs The Pandemic Roars, CFOs Reveal Their Economic Scar TissueIn many ways, the economic ups and downs of the past two decades have played something of a supporting role in the careers of chief financial officers, who frequently enter office with at least...read more
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June 23, 2020 PressGlobal Finance Magazine Names Kyriba 2020’s Most Innovative Fintech Company in North AmericaKyriba’s Payments Network Listed as Most Innovative Payments Solution in 2020 Network Connects Systems, Applications and Data; Accelerates ERP Migration, Reduces Fraud with Machine Learning, Improves Corporate Financial Performance SAN DIEGO – June 22,...read more
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June 16, 2020 NewsIndustry roundup: 16 June – Kyriba expands footprint with Midis Group partnershipKyriba has announced a partnership with Midis Group, a technology organisation comprising some 170 companies across 70 countries in the EMEA region.read more
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June 15, 2020 NewsCash StressBanks and governments are trying to provide enough financial support to avoid economic collapse, but some businesses won’t make it.read more
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June 15, 2020 PressKyriba Expands Footprint in Middle East, Central Europe and Africa with Midis Group PartnershipKyriba Expands Footprint in Middle East, Central Europe and Africa with Midis Group Partnership Brings Needed International Finance, Cash & Liquidity and Payments Solutions to Emerging Markets Expands and Enhances Localized Services and Support...read more
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June 12, 2020 NewsThe Innovators 2020: PaymentsPayments automation, paired with machine learning, provides an additional level of detection, says Kyriba, by scanning a company’s payment history and screening for unusual payment behaviors. Payments Network is part of Kyriba’s active liquidity...read more
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June 12, 2020 NewsThe Innovators 2020: North America"Any company should always have lines of credit ready to be filled in the not-so-good times,” says Wolfgang Koester, senior strategist at Kyriba, a leading treasury-management software provider and our 2020 Most Innovative Fintech...read more
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June 12, 2020 NewsKyriba on Fox Business Network: Volatility Slams Market with Fears of a Surge in COVID-19 InfectionsWatch Fox Business Network "Mornings with Maria" to get deeper insights into why investors are looking at the way companies manage their liquidity. Hear from Senior Strategist at Kyriba Wolfgang Koester, Wall Street Senior...read more
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May 28, 2020 NewsA Treasurer’s Survival Guide: Covid-19 and BeyondWith the coronavirus pandemic impacting economies, businesses and individuals, TMI asks what treasurers can do to help their organisation weather the storm. In this no-nonsense guide, we take a pragmatic look at best practice...read more
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May 28, 2020 NewsWeakening of Foreign Currencies Opens Up Hedging OptionsWeak currencies and market fluctuations prompt some CFOs to re-evaluate currency exposure. Now, companies are seeing a hedging opportunity as several currencies have weakened against the U.S. dollar over the past few months. Added...read more
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May 28, 2020 NewsCurrency Volatility Is a Headache for Companies Reducing Reliance on ChinaMoving supply chains means handling more volatile FX: Investec. Virus hit accentuated trend spurred by U.S-China tariff wars. Executives looking to cut their reliance on China as tensions with the U.S. ramp up have...read more
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April 29, 2020 NewsKyriba on Fox Business Network: What Companies are Good at Watching Liquidity?Kyriba senior strategy officer Wolfgang Koester, RNC Genter Capital Management CEO Dan Genter and Mondrian Investment Partners CEO and Group CIO Clive Gillmore say the tech and health care sectors are doing well amid...read more
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April 24, 2020 NewsFX Impacts Expected to Grow SubstantiallyFX trading enters a volatile period as central bank turn on the financial spigot and uncertainty over how lockdowns will end.read more
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April 09, 2020 NewsForeign-Exchange Losses Expected to Increase in First QuarterCompanies’ foreign exchange losses are forecast to increase in the first quarter of 2020, according to Wolfgang Koester, senior strategy officer at Kyriba Corp., a treasury management company tracking these losses.read more
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April 09, 2020 PressThe Calm Before The Currency Storm: Global Headwinds Cost Companies nearly $9B in FX Losses in Latest Quarter, According to New Kyriba ReportThe Company Warns CFOs and Treasurers to Better Prepare for Increase in FX Impacts and Fraud Risk SAN DIEGO – April 9, 2020 – Currency volatility was responsible for significant impacts on the revenues of...read more
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April 01, 2020 NewsKyriba on Ameritrade: The Global Economy Shift from a Trade to Budget WarWolfgang Koester, Kyriba's Chief Evangelist, talks on TD Ameritrade Network about the current global economy shifting from a trade war to a budget war. He shares the importance of companies having daily visibility to...read more
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April 01, 2020 PressKyriba Announces Free Access to Enhanced Support and Targeted Training for ClientsSAN DIEGO – April 1, 2020 – Kyriba, the global leader in cloud treasury and finance solutions, today announced it is offering enhanced support and targeted training at no additional charge during the COVID-19 pandemic...read more
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March 27, 2020 NewsWall Street Braces for Dollar Demand to Spike at Quarter-EndCash hoarding, ‘horrible’ data to keep greenback demand intact.read more
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March 24, 2020 NewsCIOs Share Business Continuity Plans Amid COVID-19 PandemicEric Adams, chief information security officer at Kyriba, said ensuring the continuity of operations is operationally effective after his CEO activated the company’s Business Continuity Plan (BCP) to work remote is naturally top of...read more
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March 17, 2020 PressKyriba’s COVID-19 Pledge to Clients and PartnersLETTER FROM Kyriba CEO- Jean-Luc Robert Dear Finance Leader, We are experiencing unprecedented health and market conditions driven by the realities of a new pandemic virus, COVID-19. Our pledge to you and your global...read more
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March 07, 2020 NewsCTMcast – 5 March 2020: Review of key recent posts and Coronavirus crisisTopics discussed in this podcast include a Spike in 2019 SWIFT traffic, and How to manage the impact of COVID-19/Coronavirus crisis.read more
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March 06, 2020 NewsFX Risks Growing as Volatility Hits MarketsWhen speaking to The Global Treasurer during Kyriba Live in Las Vegas, Andrew Gage, VP FX Risk Management said that for treasurers based in the US, uncertainty looms with concerns over the spread of...read more
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March 03, 2020 NewsPayments Industry Applies Lessons of Brexit to Coronavirus CrisisThe virus has resulted in corporate treasuries building cash reserves, partly as a liquidity hedge and partly because having higher cash reserves protects against stock market selloffs, said Bob Stark, senior strategies at Kyriba,...read more
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March 03, 2020 NewsNew AI Skillset Required as Treasurers Look to Future“As AI becomes more important and more pervasive, there’s going to be a need for a new skillset for the treasurer. Being able to look under the hood, so to speak, and understand what...read more
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February 27, 2020 NewsKyriba on 13 Action News: Keeping Your Personal Data SafeKTNV - Las Vegas ABC affiliate interviewed Kyriba's Chief Information Security Officer Eric Adams during the 2020 Kyriba Live Treasury & Finance Summit in Las Vegas about the importance of data security. Watch this...read more
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February 25, 2020 NewsFX Topping Treasury Concerns“Big events are happening. Whether they’re events they we know about, like Brexit, or coronavirus, which is more surprising, last minute and emergency-oriented event,” said Bob Stark, Vice President of Strategy at Kyriba, speaking...read more
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February 24, 2020 NewsNew Corporate Payment Tricks For Old RailsThis week, Kyriba announced the debut of the Kyriba Payments Network, a solution designed for treasurers and CFOs to unify and streamline their payments activity in an effort to mitigate the risk of fraud.read more
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February 21, 2020 NewsKing Dollar Rules the FX Heap as Virus Threatens Global GrowthA powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus.read more
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February 19, 2020 NewsUnicorn News: Kyriba Unveils Payment Network That Fights FraudCIOs [chief information officers] are challenged with finding ways to accelerate ERP [enterprise resource planning] projects and reduce payments transformation costs against a larger backdrop of increasing payments fraud and keeping up with market...read more
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February 19, 2020 NewsKyriba Launches Payments Network for Global CFOs“Kyriba simplified bank connectivity and centralized payments processes during a significant treasury and finance transformation project,” said Janice Minter, Senior Treasury Analyst at Amway.read more
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February 19, 2020 NewsKyriba Payments Network Tackles CFO MandateGlobal cloud treasury and finance firm Kyriba has introduced the Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud.read more
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February 19, 2020 PressKyriba Launches Payments Network for Global CFOsDelivers Machine Learning Fraud Detection and Finance Controls Accelerates ERP Cloud Migrations Streamlines Global Bank Connectivity with Pre-Built Payments Formats SAN DIEGO, FEBRUARY 19, 2019, Kyriba, the global leader in cloud treasury and finance...read more
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January 28, 2020 PressKyriba Live 2020 Global Conference Series to Unite Financial Pioneers and InfluencersCFO and Treasury-Focused Gathering Starts in Las Vegas, February 24-26, to Introduce New Technologies and Ideas to Accelerate Business Performance San Diego – January 28, 2020 – Kyriba, a cloud-based finance software network for...read more
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January 24, 2020 PressWorld Economic Forum: Kyriba’s Wolfgang Koester on Day 4 at DavosDay 4 recap at the World Economic Forum from Kyriba Chief Evangelist Wolfgang Koester: Here at Davos we looked at sustainability, monetary systems, crypto-currencies, electronic currencies, and what is important to you. All of...read more
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January 23, 2020 PressWorld Economic Forum: Kyriba’s Wolfgang Koester on Day 3 at DavosDay 3 recap at the World Economic Forum from Kyriba Chief Evangelist Wolfgang Koester: There's a major shift in the understanding of monetary systems. What were referred to as e-currencies are being seriously considered...read more
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January 23, 2020 PressWorld Economic Forum: Kyriba’s Wolfgang Koester on Day 2 at DavosDay 2 of Davos brings discussions of economic stimulus, an outlook on sustainability and more. Hear Chief Evangelist, Wolfgang Koester's recap of day 2 at the World Economic Forum in Davos, Switzerland.read more
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January 23, 2020 PressWorld Economic Forum: Kyriba’s Wolfgang Koester on Sustainability & FinanceKyriba's Chief Evangelist Wolfgang Koester is reporting on sustainability and finance from Davos, Switzerland. Wolfgang is at the World Economic Forum to hear from and talk to global finance leaders about the impacts of...read more
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January 22, 2020 NewsAI Adoption: Key Advantages for TreasuryA key limitation of robotic process automation (RPA) is that it is not actually “intelligent.” RPA does what it is told. Artificial intelligence (AI), in contrast, uses machine learning so that it can essentially...read more
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January 21, 2020 NewsGlobal Headwinds Cost North American Companies More Than $11 Billion in FX Losses in Latest Quarter, According to New Kyriba ReportCurrency volatility was responsible for significant impacts on the revenues of U.S.-listed multinational corporations, costing them more than $11.5 billion in Q3 2019, according to the new Kyriba Currency Impact Report (CIR), a comprehensive...read more
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January 21, 2020 PressGlobal Headwinds Cost North American Companies More Than $11 Billion in FX Losses in Latest Quarter, According to New Kyriba ReportExtended Streak of Intense Currency Volatility Has Cost Companies $100 Billion in Last Five Quarters San Diego – January 21, 2020 – Currency volatility was responsible for significant impacts on the revenues of U.S.-listed multinational...read more
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January 17, 2020 NewsKyriba on CNBC: Kyriba’s Koester: “A strong Yuan is actually good for the US”Wolfgang Koester, senior strategy officer at Kyriba, talks the performance of currency markets amid US-China trade headlines on CNBC's "Trade Turmoil".read more
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January 14, 2020 PressKyriba Reports Major Chinese Clients Go Live in Past 12 MonthsRecent Development in Kyriba Infrastructure, Sales and Marketing Talent Expands Opportunity for New Business in China; Demand for Financial Risk Management Drives New Growth for Kyriba SHANGHAI, JANUARY 14, 2020 - Kyriba, the global...read more
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January 01, 2020 NewsLeveraging Technology to Climb Treasury MountainsGaining global insight into and control over treasury operations is a pipe dream for many treasurers. But two of Kyriba’s clients – Royal FrieslandCampina and Ingersoll Rand – have leveraged the vendor’s cloud offering...read more
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December 30, 2019 NewsKyriba on Fox Business Network: Wolfgang Koester Discusses US Dollar and Other Currencies and the Outlook for 2020read more
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December 27, 2019 NewsWhat are treasury management services?A deep dive into outsourcing treasury management services and points to be considered while selecting treasury management service providers. In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it...read more
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December 12, 2019 NewsPayments fraud – can AI help win the war?As cyber-criminals use ever-more sophisticated methods to defraud businesses, treasurers may feel that they are fighting a losing battle. But could artificial intelligence (AI) be coming to the rescue?read more
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December 11, 2019 NewsPractical Approaches to Strengthening CybersecurityAt AFP 2019, Stacy Rosenthal, senior vice president and head of payments product for Santander and Bob Stark, vice president of strategy for Kyriba, joined the AFP Conversations podcast to discuss practical approaches to...read more
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December 10, 2019 NewsKyriba on Yahoo Finance: Stocks Flat as Investors Digest Trade Developmentsread more
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December 05, 2019 PressKyriba and Scientist.com Improve Funding of Scientific Research through SciPay™Kyriba Supply Chain Finance Technology Helps Scientist.com Make Early Payment Options Available to All R&D Suppliers DECEMBER 5, 2019 – SAN DIEGO, Kyriba, the global leader in cloud treasury and finance solutions, today announced...read more
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December 05, 2019 NewsKyriba on Ameritade: Currency War Impact on Stocksread more
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December 05, 2019 NewsKyriba on Fox Business Network: A Volatile Currency Market in the Wake of Brexit & the Trade WarKyriba's resident currency expert appeared Fox Business 'The Claman Countdown' to discuss how investors should be looking at companies when it comes to a looming, hard Brexit and how a few "winning" companies are...read more
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December 05, 2019 PressKyriba on Fox Business Network: Trade War Winners and Losers“Mornings with Maria” on Fox Business Network interviewed Wolfgang Koester, Senior Strategist for Kyriba, to learn more about the winners and losers of the US-China trade war. Koester was joined by Benchmark managing partner...read more
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November 25, 2019 PressKyriba Announces New Client Growth in APAC Has Doubled in Past 12 MonthsMultinationals Like Isuzu Motors Adopt Kyriba’s Treasury & Liquidity Management Solution to Support International Growth Objectives November 25, 2019 – SINGAPORE Kyriba, the global leader in cloud treasury and finance solutions, today announced increased...read more
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November 23, 2019 NewsArtificial Intelligence for Treasury ManagementAI and ML have incredible potential for cash management and forecasting, particularly when reconciling prior day bank files with yesterday’s expected cash position. “This is one of the first cash management processes performed each...read more
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November 19, 2019 NewsFinding the Value in Disruptive TechnologyMuch of the talk at AFP 2019 was around digital disruption and how technologies like artificial intelligence (AI) and robotic process automation (RPA) are gradually infiltrating the corporate treasury and finance world. But one...read more
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November 13, 2019 NewsStreamlining Payments with Smart ContractsEnergy producers typically get paid more than 30 days after supplying electricity, and once it is used there’s nothing to go back and repossess. That risk has required producers to seek letters of credit...read more
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October 31, 2019 NewsManaging Foreign Exchange Amidst Continued Geopolitical UncertaintyForeign exchange (FX) volatility is a recurring problem affecting many multinational organizations. Unexpected, volatile movements in currency valuations can negatively impact the earnings of unsuspecting, and under-hedged, companies. And in the aftermath, treasury teams...read more
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October 31, 2019 NewsTechnology Is Time: The Case for FX AutomationSome companies implemented this technology in the recent past, while others will do so soon—as well as to the technology’s most valuable benefit: gaining more time for treasury staff to focus on other tasks.read more
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October 25, 2019 NewsWolfgang Koester on Mornings with MariaKyriba chief evangelist Wolfgang Koester discussed Amazon’s growth and strong corporate governance on Fox Business Network's Mornings with Maria.read more
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October 23, 2019 NewsCurrency volatility caused by trade wars and Brexit costing companies billionsKyriba's Currency Impact Report (CIR) shows that global headwinds cost North American and European companies $22.5bn in FX losses in Q2 2019, taking the total above $44bn for the year. The combination of the...read more
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October 23, 2019 NewsTreasury technology “approaching its watershed moment”At the recent AFP Conference in Boston, The Global Treasurer spoke to Martha Beard, Managing Director at J.P. Morgan to find out why treasury technology is reaching its watershed moment - and what this...read more
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October 21, 2019 NewsCurrency risks? U.S. corporates yawnAs the third-quarter earnings season gets underway investors should brace for U.S. companies to report sizeable negative impacts due to the stronger U.S. dollar, analysts warned. For those North American companies that quantify the...read more
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October 21, 2019 NewsExchange Rates Deal $22.56 Billion Blow to Companies’ EarningsUncertainty around tariff tensions, Britain’s exit from the European Union and the state of the global economy is expected to drive foreign currency-related losses at North American and European companies in the coming months,...read more
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October 17, 2019 NewsCurrency hit to North American companies’ results stays above $20 billionThe negative effect of currency fluctuations on North American companies’ second-quarter results eased slightly from the preceding quarter but remained at a historically elevated level, according to data from treasury and financial management firm...read more
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October 17, 2019 NewsWolfgang Koester: Brexit agreement reduces global uncertainty, helps US-recorded on CNBCWolfgang Koester, senior strategy officer at Kyriba talks the United Kingdom's Brexit agreement with the European Union.read more
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October 17, 2019 PressGlobal Headwinds Cost North American Companies $21 Billion in FX Losses in Latest Quarter According to New Kyriba ReportForeign exchange losses cost companies more than $44 billion in 2019 OCTOBER 17, 2019 – SAN DIEGO – Global currency swings were responsible for deep cuts into the revenues of U.S.-listed multinational corporations, costing...read more
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October 10, 2019 PressKyriba Honored as Best-In-Class Treasury Management Vendor by Aite GroupAite Matrix Evaluation Report Explores Major Trends, Key Players in Treasury Management OCTOBER 10, 2019 – SAN DIEGO, Kyriba, the global leader in cloud treasury and finance solutions, today announced the company’s recognition as...read more
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October 03, 2019 NewsLeaked transcripts: Facebook’s Zuckerberg anticipated Libra’s rocky start in JulyKyriba’s Chief Evangelist, Wolfgang Koester talked to anchor Akiko Fujita on Yahoo! Finance -The Ticker. At .37 in the video playback, Wolfgang points out that governments will create their own currencies - faster payments...read more
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October 02, 2019 NewsU.S. Should Develop Its Own Digital Currency, Kyriba SaysWolfgang Koester, senior strategy officer at Kyriba, discusses how the volatility in currency markets are affecting global businesses.read more
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October 01, 2019 NewsKyriba Hires EY Exec as Chief Client Officer“It’s a critical time for digital transformation in the finance organization. CFOs and treasury leaders are looking for innovation to help them unlock idle cash and reach growth targets while mitigating risk of loss...read more
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October 01, 2019 PressKyriba Appoints Paul Bramwell as New Chief Client OfficerKyriba Taps EY Treasury Executive to Lead Client Interactions Amidst Strong Global Growth OCTOBER 1, 2019 – SAN DIEGO, Kyriba, the global leader in cloud treasury and finance solutions, today announced the appointment of...read more
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September 27, 2019 NewsWall Street Week Ahead: Data will show damage of tariffs, strong dollar on U.S. goods exportersIt’s no longer a probability, it’s a reality: the escalating U.S.-China trade war and the strengthening dollar appear to be inflicting measurable damage on U.S. goods makers that rely on global markets.read more
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September 16, 2019 NewsCompanies Need a Chief Liquidity OfficerAccording to Chairman and CEO of Kyriba Jean-Luc Robert; The risk-and-reward formula for a company’s financial health has changed. Economies of scale are global, and even regional economies have massively expanded. The ability to...read more
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September 10, 2019 NewsBringing the deal home: treasury’s vital role in M&A successIn a globalised world where value-creation counts, M&A deals are big news. Opportunities abound yet they are potentially complex and resource-intensive, with no guarantee of success. “The biggest test in this respect is whether...read more
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September 02, 2019 NewsTUHF Leverages Kyriba for Mission-Critical Debt ManagementWe chose Kyriba for its secure, cloud-based cash management solution and flexibility to integrate with our existing IT infrastructure,” explains TUHF Chief Financial Officer Ilona Roodt.read more
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August 15, 2019 NewsChina vows to retaliate against new US tariffsKyriba Senior Strategy Officer Wolfgang Koester argues winners of the China trade war will be companies that diversify their supply chain resources.read more
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August 15, 2019 NewsChanging It Up: Key Benefits of Greater TMS FunctionalityTreasurers are always looking for ways to refine cash forecasting; that’s why every year at the AFP annual conference, there are multiple sessions on the topic. “It’s not typically a technology issue; the technology...read more
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July 29, 2019 NewsFX Volatility Bears Down Corporate Bottom Linesn a new report from corporate treasury technology company Kyriba, analysts discovered that North American corporates lost billions of dollars in the first quarter of 2019 as a result of foreign exchange volatility. The firm’s...read more
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July 26, 2019 NewsWhat’s the deal with the U.S. dollar?From presidential tweets to corporate earnings reports, the U.S. dollar has been getting a lot of mentions recently. “I think that there’s two things to really be highlighted in the last few quarters that look...read more
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July 26, 2019 NewsFX trading in London hits record highForeign exchange trading volumes in London achieved a new record in April, rising 12% since October 2018 to book an average of $2.858 trillion worth of trades a day and solidifying the City’s position as...read more
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July 26, 2019 NewsBoJo and Trade – What are Business Leaders saying?Boris Johnson has now formally accepted the Queen’s invitation to form a government. TFG heard from leaders in trade, treasury, export and finance. “The pressure is on for the new Prime Minister to successfully...read more
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July 26, 2019 NewsCurrency Volatility Hits Corporate EarningsTrade tensions, Brexit uncertainty and geopolitical events in the Middle East and elsewhere are driving a sharp increase in currency value losses at corporations and are having a major impact on earnings. In the...read more
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July 17, 2019 NewsKyriba on CNBC: Why this Expert Expects a lot more VolatilityWolfgang Koester, senior strategy officer at Kyriba, joins “Squawk on the Street” to discuss volatility in the market, the strength of the dollar and more.read more
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July 17, 2019 NewsKyriba, the first French-American Fintech unicornSUCCÈS L'écosystème fintech français est foisonnant mais peine à faire émerger des entreprises valorisées plus d'un milliard. A l'exception de Kyriba, une américaine aux liens très étroits avec la France. SUCCESS: The French Fintech...read more
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July 17, 2019 NewsManaging Treasury Through a SpinIn this latest treasurer interview, we talk to Mike Cassidy, Treasury Director at Wyndham Destinations, about how he’s navigating his treasury team through a spin and restructure – and how technology fits in with...read more
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July 17, 2019 NewsNaval Group uses Swift’s GPI for cross-border payments via KyribaNaval, a client of cloud treasury and finance software provider Kyriba, is using the GPI system for corporations and combining it with Kyriba's payment solutions.read more
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July 17, 2019 NewsWhy Treasury Teams Miss Out on Key TMS FunctionalityMany treasury professionals miss out on a lot of the functionality that their treasury systems offer because they tend to have a narrow focus during implementation. Typically, a treasury department will invest in a...read more
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July 17, 2019 NewsMarket volatility widens FX losses for North American companiesOngoing market volatility caused by Brexit, trade wars, and other supply chain disruptions resulted in US$23.39 billion in foreign exchange (FX) losses for publicly traded North American companies over the first quarter of 2019,...read more
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July 17, 2019 NewsThe Morning Ledger: CFO Retirements Climb as Good Times Roll OnForeign Exchange Losses at North American, European Firms Rise. Public companies in North America booked $23.39 billion in foreign-exchange losses during the first quarter due to ongoing market volatility, a report by cash management...read more
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July 17, 2019 NewsIt is the Business of the Future to be DangerousTreasury Today features Kyriba VP of Strategy Bob Stark along with a banker and a treasurer to discuss when and why to introduce new technology to future proof your treasury.read more
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July 17, 2019 NewsSan Diego biotech bounces back — and tech climbs higher — in second-quarter venture capitalKyriba named among San Diego VC deals increasing by 20 percent in 2019. Read the full story here.read more
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July 15, 2019 PressGlobal Headwinds Drive $23 Billion in Cumulative FX Losses for North American Companies, According to New Kyriba ReportForeign exchange losses increase for fourth consecutive quarter for public companies that are not adequately protecting against currency exposures JULY 16, 2019 – SAN DIEGO –Ongoing market volatility stemming from Brexit, trade wars, and...read more
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June 26, 2019 PressKyriba Client Naval Group Goes Live with SWIFT gpi for CorporatesNaval Group Executes First Cross-Border Payment Through SWIFT’s Early Adopter Program June 27, 2019 (SAN DIEGO) – Kyriba, the global leader in cloud treasury and finance solutions, today announced that one of its clients,...read more
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June 07, 2019 NewsAs Fraudsters Target Corporate Cash, CIOs Demand Grows for Payment HubsToday, many CFOs alongside CIOs are implementing payment hubs to protect corporate cash through better payment controls. While inefficient payment processes inhibit supply chains, cash flow and profitability, they also create a ripe opportunity for fraudsters. Payment hubs have emerged as the preferred solution of many treasury...read more
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June 07, 2019 NewsJPMorgan, Kyriba turn to open development for real-time corporate paymentsCloud-based treasury software provider Kyriba is partnering with JPMorgan Chase to launch a real-time payments API integration for its mutual corporate finance clients. San Diego-based Kyriba says it is the first treasury management platform...read more
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June 07, 2019 NewsHow Trek Bicycles enhanced its global operations while mitigating payment fraudAt this year’s Kyriba Live event in Las Vegas, Jennifer Tomaloff, International Treasury Manager at Trek Bicycle Corporation, shared her thoughts on how the rapidly growing global organization mitigated payment fraud by implementing a...read more
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June 07, 2019 NewsBusiness Report: Watch Out, Netflix! Apple Dives Into World Of StreamingSan Diego Gets Another Unicorn A unicorn is a privately held startup company valued at more than $1 billion. San Diego-based Kyriba is set to become the city’s latest unicorn thanks to a $160 million investment....read more
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June 07, 2019 NewsUnnecessary currency value losses soar in US organisations“The impact of North American headwinds represents the most significant currency hit to top-line revenue in the last 12 quarters,” said Wolfgang Koester, Kyriba’s chief evangelist. “As this is the second quarter in a...read more
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June 07, 2019 NewsThe Daily Shot: Labor Costs Show no Sign of Wage-Driven Inflationary PressuresHow much of concern is the rising dollar? Some firms have already been negatively impacted in the second half of last year.read more
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June 07, 2019 NewsLogistics Scores Another Unicorn For B2B StartupsThe $160 million investment in corporate treasury firm Kyriba means private equity firm Bridgepoint will secure a majority stake in the firm. According to a press release, the investment values Kyriba at $1.2 billion, and will be...read more
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June 07, 2019 NewsKyriba Loops Treasurers Into Real-Time PaymentsTreasury management technology firm Kyriba is connecting its corporate clients to real-time payments via a JPMorgan API. In a press release issued this week, Kyriba said joint customers of Kyriba and JPMorgan will have access to real-time payments...read more
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June 07, 2019 NewsCorporate currency hedging slows as FX volatility slumpsThe striking calm in foreign exchange markets in recent months has led some U.S. multinational companies to scale back on guarding against currency gyrations, potentially leaving them vulnerable if volatility rebounds from near five-year...read more
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June 07, 2019 NewsTreasury needs to evolve now to reap the rewards of digitalFinancial organizations, and treasurers in particular, need to embrace digital treasury if they are to tackle the ever-competitive and uncertain environment. At the treasury led finance transformation debate at Kyriba Live 2019 in Las Vegas,...read more
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June 07, 2019 NewsKyriba, J.P. Morgan Partner for Real-Time PaymentsKyriba and J.P. Morgan are partnering to offer real-time payment capabilities to the treasury cloud and finance provider’s clients.read more
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June 07, 2019 NewsKyriba ties up API link with JP Morgan for domestic paymentsAfter announcing a global partnership with Citi in February, Kyriba’s cloud treasury platform is enhancing its API link with yet another heavyweight in the US banking sector.read more
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June 07, 2019 NewsHow APIs are being used at Citi, BBVA and other leading banksFor most of computing history, “application programming interface” has been a term used only by geeks to describe a mechanism by which applications integrate with one another. But in the past few years, APIs...read more
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June 07, 2019 NewsKyriba is first treasury platform to offer corporates RTP through JP MorganSan Diego-based cloud treasury and finance solution provider Kyriba can now offer real-time payments (RTP) to joint corporate clients through JP Morgan’s API, reports Jane Connolly. Kyriba clients that are also JP Morgan clients...read more
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June 07, 2019 NewsKyriba to offer real-time payments through J.P. Morgan’s APICloud treasury and finance solutions provider, Kyriba, has launched a real-time payments (RTP) service through J.P. Morgan’s API. The new service will enable Kyriba’s and J.P.Morgan’s clients to send real-time payments in the U.S. through...read more
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June 07, 2019 NewsThis $1.2 billion San Diego fintech unicorn backed by Bridgepoint says its new payments partnership with JPMorgan is a ‘game-changer’"CFOs are predominantly concerned about access to cash and asset protection in the form of interest rates and FX hedging, alongside compliance and security, and we can offer that," said Kyriba's CEO Jean-Luc Robert,...read more
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June 07, 2019 NewsCentralizing Payments Across 100 Markets Around the WorldAs the company deployed the new ERP system, treasury rolled out a Kyriba treasury management system and undertook a bank rationalization project that ultimately reduced the company’s payment banks by about 50 percent. The...read more
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June 07, 2019 NewsCalmer FX markets sees fewer US multinationals hedgeRelatively calm conditions in the foreign exchange markets over recent months and the robust performance of the US dollar have persuaded some American multinationals to scale back their hedging activities for guarding against currency...read more
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June 06, 2019 PressCFOs Can Avoid Significant Currency Losses Using Kyriba’s Advanced FX Management SolutionJune 6, 2019 (SAN DIEGO, CA) – Kyriba, the global leader in cloud treasury and finance solutions, today announced that its FX management technology has been proven to help its publicly traded clients manage earnings per...read more
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June 06, 2019 NewsUnicorns, Record-breaking Quarter for Tech Investment Kick Off 2019Through the first quarter of 2019, two new unicorns (private companies valued at more than $1 billion) launched in San Diego. TuSimple, a U.S.-Chinese startup focused on autonomous long-haul semi-trucks, raised another $95 million...read more
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June 06, 2019 NewsA strong dollar is weighing on earnings, report saysMultinational companies based in North America reported a collective $20.8 billion currency value loss in the fourth quarter of 2018. That’s according to a new report from Kyriba on currency losses quantified during quarterly...read more
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June 06, 2019 NewsKyriba Finishes an Eventful 1Q19 with Funding and Acquisition AnnouncementsThis event follows a very eventful 1Q19 for Kyriba in terms of M&A activity, growth, and the company's user event, Kyriba Live.read more
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June 06, 2019 NewsKyriba Keeps TRM Humming With New Funding, FiREapps AcquisitionThe rise of Kyriba validates the upside potential of the Cloud applications market, especially for nimble players that can outrun their competition.read more
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June 06, 2019 NewsPayments & fraud keeping CFOs awake at nightThe Kyriba sponsored AFP 2018 Payments Fraud Survey showed that 70% of respondents are much more worried about fraud than a year ago. Their concerns are shown by their responses to the question of...read more
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June 06, 2019 NewsPrivate Equity Firm Closes Acquisition of Kyriba with $160M InvestmentPrivate equity firm Bridgepoint Capital closed on its planned acquisition of San Diego financial software firm Kyriba on April 11. The firm’s $160 million investment round gave it a majority stake in the company,...read more
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June 06, 2019 News10 Cloud Computing-Related Firms That Raised Funding In The Past MonthThese 10 cloud-related companies all secured investments ranging from $1.5 million to $160 million in the last month to help spur their growth.read more
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May 22, 2019 PressKyriba Launches Real-Time Payments Integration through J.P. Morgan APIKyriba is the First Treasury Platform to Offer Real-time Payments through J.P. Morgan to Corporate Clients May 22, 2019 (SAN DIEGO, CA) – Kyriba, the global leader in cloud treasury and finance solutions, today...read more
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April 30, 2019 PressNew Kyriba Report Reveals North American Companies Hit Hard by Unnecessary Currency Value LossesGeopolitical events and dollar strength drive $20.84 billion in aggregated foreign exchange impacts on earnings May 1, 2019 (SAN DIEGO, CA) – Reaching levels not seen since 2015, publicly traded North American companies reported...read more
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April 16, 2019 PressKyriba Empowers CFOs to Better Manage Growing Foreign Exchange Losses with Closing of FiREapps AcquisitionVisibility and Validation of Currency Impacts on Earnings Per Share Can Save CFOs Billions SAN DIEGO – April 17, 2019 — Kyriba, the global leader in cloud treasury and finance solutions, today announced that it...read more
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April 11, 2019 PressKyriba Closes $160 Million Growth Round Led by Bridgepoint to Fuel Enterprise Platform Innovation and Global ExpansionApril 11, 2019 (SAN DIEGO, CA) — Kyriba, the global leader in cloud treasury and finance solutions, today announced that it has closed a $160 million growth investment round led by Bridgepoint, an international private equity...read more
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April 03, 2019 NewsBenefits & ROI of a Treasury Management SystemAccurately identifying the benefits of treasury management systems has grown complicated—more difficult, in many cases, than determining the ROI on other types of information systems— due to evolving IT capabilities at banks, ongoing advances...read more
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April 03, 2019 NewsKyriba Aims for Global Expansion with Bridgepoint-led Growth RoundFinancial software provider Kyriba is in talks with private equity firm Bridgepoint for a US$160mn investment round as it seeks to boost its product offering and expand around the world. Kyriba is a cloud treasury...read more
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April 03, 2019 NewsAll Aboard? Trade & Supply ChainA smooth supplier onboarding process can play an important part in determining the success of a supply chain finance programme. Where are the possible pitfalls, how can these be avoided – and how do...read more
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April 01, 2019 NewsSpoilt for Choice: Making Sense of Cash Flow Forecasting Options in 2019There’s an almost overwhelming variety of cash flow forecasting solutions on the market, and some will be better suited to your needs than others. Nash Riggins explores what you should you bear in mind...read more
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April 01, 2019 NewsSix Bold Treasury Predictions for 2019With 2019 shaping up to be a year of continued disruption across treasury, Bob Stark, VP of strategy at Kyriba, looks at six areas – from interest rates and APIs to robotics and blockchain...read more
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April 01, 2019 NewsKyriba, WorldFirst ink cross-border payments partnershipFinancial management and cloud treasury solutions provider Kyriba has tapped WorldFirst to streamline its payment processes. Under the agreement, WorldFirst technology will be deployed directly into the Kyriba platform. The collaboration is said to accelerate the way...read more
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April 01, 2019 NewsConnectivity – the essential lifeblood of corporate treasuryThe recent AFP guide to “Best practices in treasury connectivity”, underwritten by Kyriba, is for corporate treasury departments. It is a useful starting point for corporate treasury departments. Bob Stark, VP as Kyriba, believes that,...read more
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April 01, 2019 NewsKyriba Nets $160 Million Investment, Pushing Software Firm’s Valuation Above $1 BillionSan Diego fintech software firm Kyriba expects to soon complete a $160 million funding round as part of a capital restructuring that values the company at $1.2 billion. With the new funding round, Kyriba...read more
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April 01, 2019 NewsNouvelle licorne franco-américaine, Kyriba lève 160 millions de dollars (New Franco-American Unicorn, Kyriba Raises $ 160 Million)La startup de gestion de trésorerie dans le cloud est valorisée 1,2 milliard de dollars par ce tour de table mené par le fonds Bridgepoint qui deviendra majoritaire. Bpifrance sort du capital, Iris reste...read more
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April 01, 2019 NewsBridgepoint in Talks to Invest $160 mln in KyribaKyriba said March 27 that it is in advanced talks with Bridgepoint to invest $160 million. Bridgepoint, a U.K. private equity firm, would have a majority stake in Kyriba, which would be valued at $1.2 billion. Kyriba,...read more
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April 01, 2019 NewsBridgepoint Leads $160m Growth Round for US Fintech KyribaGlobal buyout house Bridgepoint has led a $160m growth round for Kyriba, giving the US-based fintech business a $1.2bn valuation.read more
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April 01, 2019 NewsLa nouvelle licorne française de la Fintech s’appelle Kyriba (The New French Unicorn of Fintech is Named Kyriba)La pépite de la gestion de trésorerie passe sous le contrôle de Bridgepoint et son management pour 1,2 milliard de dollars. Quelques jours seulement après la mainmise de BlackRock sur eFront pour 1,3 milliard. (The nugget...read more
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April 01, 2019 NewsKyriba to Get $160M in Majority Stake Sale to Private Equity Firm“We’re addressing a problem that has been around for a while, but maybe wasn’t given the full, 100 percent attention of companies and CFOs, because the treasury function has historically been seen, perhaps, as...read more
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April 01, 2019 NewsEnhancing Treasury Through Digital TransformationHow can digital treasury transformation deliver benefits to an organization and help treasurers deal with the changing financial landscape? We share some of the thoughts from the Q&A session at Kyriba Live 2019 on...read more
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April 01, 2019 News17 Ways Treasury Can Improve the CFO RelationshipAt the recent Kyriba Live 2019 event in Las Vegas, a panel discussion aimed to address this issue by discussing what CFOs expect of treasury and how treasury can become trusted advisors to CFOs....read more
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April 01, 2019 NewsTreasury Needs to ‘Keep Up in the Digital Skills Race’Speaking at Kyriba Live 2019, Jim Kaitz, President & CEO, Association of Finance Professionals urges treasurers to embrace new digital skills if they are to achieve the goal of treasury-led finance transformation.read more
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April 01, 2019 NewsKyriba Links Treasurers To Citi Accounts Via APICorporate treasury and cash management solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi. Kyriba noted that its global connectivity hub, which connects treasurers to those financial systems, currently...read more
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April 01, 2019 NewsKyriba Joins Citi for Faster Payments Via API Integration"APIs represent the next generation of bank connectivity and offer robust advantages over traditional file transfer technologies,” [said] Kyriba’s Bob Stark, VP of strategy. "We are excited to provide this new API integration with...read more
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April 01, 2019 NewsU.S. Fintech Kyriba Partners With Citi to Launch New API Integration For Fast Payment EnablingU.S. fintech startup Kyriba Corp. announced on Tuesday it has formed a partnership with Citi to launch a new API integration that gives clients access to faster payments, more transparency and better standardization in more than...read more
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April 01, 2019 NewsKyriba Moves HQ Back to San DiegoFinancial software company Kyriba Corp. is moving its headquarters back to San Diego. The company has its roots in America’s Finest City; It was founded in 2000 by CEO Jean-Luc Robert. It offers a...read more
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April 01, 2019 NewsFintech Firm Kyriba Brings Corporate Headquarters Back to San Diego, Hits $110 Million in RevenueKyriba makes cloud-based financial management software that helps large companies manage their cash in far-flung global bank accounts. It expects to move into a new, 50,000-square-foot corporate office in June that will more than...read more
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April 01, 2019 NewsCurrency Volatility Drags on EarningsNorth American businesses faced stiff currency headwinds during the third quarter of last year as geopolitical uncertainty prompted foreign-exchange volatility, according to an analysis of the earnings calls of 1,200 companies. The total dollar...read more
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April 01, 2019 NewsKyriba Acquires Currency Management Vendor FiREappsU.S. fintech firm Kyriba announced it agreed to buy enterprise currency management provider FiREapps. The deal creates a solution for managing global foreign exchange (FX) risk, with data gathering and consolidation, reporting, and analytics.read more
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April 01, 2019 NewsFortune Term Sheet – March 28Kyriba, a San Diego, Calif.-based treasury management technology firm, is in advanced talks to raise $160 million from Bridgepoint. The deal would value Kyriba at $1.2 billion.read more
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April 01, 2019 NewsBrian Sommer’s Month in Brief – January 2019Kyriba, a solid cloud treasury management solution, is acquiring FiREapps. This brings a foreign exchange (FX) risk technology to Kyriba’s product mix. I like this deal. According to the announcement: “The agreement will combine...read more
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April 01, 2019 NewsKyriba Purchases FIREapps to Create New Solution for Global FX RiskKyriba has had a meteoric rise over the last decade, investing heavily (raising over over $100M) and now has over 2000 clients and 65,000 users in 100 countries. It recently announced it is on...read more
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April 01, 2019 NewsInterest rates: Part Four of Our In-depth Focus on the Six Bold Treasury Predictions for 2019At the end of 2018, Kyriba VP Bob Stark walked The Global Treasurer through six key treasury areas in which he was expecting profound changes to occur over the course of 2019. In this...read more
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April 01, 2019 NewsKyriba to Acquire FiREappsTreasury management system vendor Kyriba announced this morning that it has reached an agreement to acquire currency risk management software provider FiREapps.read more
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April 01, 2019 NewsAPIs: Part Two of Our In-depth Focus on the Six Bold Treasury Predictions for 2019At the end of 2018, Kyriba VP Bob Stark walked The Global Treasurer through six key treasury areas in which he was expecting profound changes to occur over the course of 2019. In this...read more
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April 01, 2019 NewsBusiness groups raise no-deal fears after government routThe UK’s leading business groups, including the CBI, ABI and UK Finance have registered concerns that the possibility of the economy being imperilled by having to trade on World Trade Organisation terms may have...read more
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April 01, 2019 NewsPayments Update: Stable Digital Currency; Card Merchants; InstantsPayment hubs are being promoted by TMS providers as a way to improve efficiency and reduce fraud, for example, Kyriba’s 15-minute Guide to Payment Hubs summarises the arguments:read more
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March 27, 2019 PressKyriba Announces Planned $160M Growth Round Led by BridgepointNew capital will be used to fuel further product innovation, enhance customer support and expand open partner ecosystem March 27, 2019 (SAN DIEGO, CA) – Kyriba, the global leader in cloud treasury and finance solutions,...read more
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February 25, 2019 PressKyriba and Citi Announce New API Integration to Enable Faster PaymentsFebruary 26, 2019 – SAN DIEGO, Kyriba, the global leader in cloud treasury and finance solutions, today announced a new API integration with Citi that gives Kyriba clients access to faster payments, more transparency and better...read more
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February 06, 2019 PressKyriba Surpasses $110M in Revenue in 2018, Anticipates 40% Growth This YearProduct Innovation, Expanded Leadership Team and Open Ecosystem Fuels Global Growth San Diego, Feb. 7, 2019 – Kyriba, the global leader in cloud treasury and finance solutions, today announced it surpassed $110M in revenue...read more
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January 30, 2019 PressKyriba Announces Agenda, Headliners for Kyriba Live Treasury & Finance Summit, March 4-8 in Las VegasBest-Selling Author and Futurist Daniel Burrus Will Join Experts from AFP, The Hackett Group, a Leading Analyst Firm and Major Global Brands to Discuss Keys to Digital Transformation New York, Jan. 31, 2019 —...read more
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January 23, 2019 PressKyriba Purchases FiREapps to Create Most Robust End-to-End Solution for Helping CFOs and Treasury Executives Better Manage Global FX RiskThe inability to easily manage wild currency fluctuations costs global corporations at least $39B during the first half of 2018, highlighting the need for a single-vendor solution. New York, Jan. 23, 2019 — Kyriba,...read more
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December 03, 2018 NewsThree Minimum Security Requirements Finance Leaders Should Expect from FinTech PartnersDespite the proliferation and rapid adoption of financial technology solutions by global organisations from all industries, solution providers should not escape scrutiny in one key area: security. Read 3 minimum security requirements any vendor...read more
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December 03, 2018 NewsTreasurers Understand-But Aren’t Living Up To-Rising CFO ExpectationsTreasurers and chief financial officers may both have their sights set on corporate coffers, but their roles are not one and the same. Still, collaboration is increasingly important between the treasurer and CFO, as...read more
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December 03, 2018 NewsKyriba Launches New Business Intelligence SolutionIt’s all very well having the data on your liquidty position, cashflows, exposures, but unless you can take strategic decisions based on the data, all your effort has been wasted. Many systems and services...read more
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December 03, 2018 NewsMaking Treasury Even More IntelligentToday's businesses do not look or act like the leading firms of even a decade ago. These companies evolve faster thanks to innovations in fintech that provide performance-based analyses and intelligent processes. Companies are...read more
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December 03, 2018 NewsPayments at a Price: The True Cost of In-House Bank ConnectivityWhile technological advances are improving the global payments landscape in many respects, organizations relying on internal IT and in-house connectivity solutions are missing the opportunity to modernize payment strategies, increase value and reduce payment...read more
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December 03, 2018 NewsCFOs: Treasurers Need to Get Their Facts RightAccording to a new survey of CFOs from Kyriba, treasurers need to offer more accurate information and be more in touch with the rest of the business if they are to become more strategic....read more
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December 03, 2018 NewsKyriba Debuts New Business Intelligence Solution for CFOsKyriba, which makes cloud treasury and financial management solutions, has released Business Intelligence (BI), a new software module fully integrated with its existing financial management platform.read more
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December 03, 2018 NewsData Visualisation Service for Finance Specialists Launched by KyribaRead how Kyriba's new Business Intelligence module helps finance executives manage the threat of ‘data overload’.read more
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December 03, 2018 NewsUS CFOs Admit That They Are Not Prioritising Treasury ManagementA CFO Research Services survey - in conjunction with their sponsor Kyriba - of 150 senior financial executives in the USA found that treasury can be more strategic in key areas.read more
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December 03, 2018 NewsThe Fintech 250: The Top Fintech Startups Of 2018Kyriba named among the top Fintech 250 for the second year in a row.read more
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November 30, 2018 PressKyriba Continues to Expand its #1 Global Solutions Ecosystem with New WorldFirst PartnershipNew FX Integration Will Enable Kyriba Clients to Streamline Cross-Border Payments and Increase Transparency to Help Reduce Anxiety over Hidden Fees NEW YORK, December 3, 2018 – Kyriba, the #1 provider of cloud treasury and financial...read more
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November 04, 2018 PressKyriba Launches New Business Intelligence Solution to Arm CFOs and Treasurers with Strategic, Actionable InsightsIn a New Era of Information Overload, Kyriba Business Intelligence Transforms Mountains of Financial Data into Visual Dashboards to Help Executives Make Smarter Global Business Decisions Chicago, Nov. 5, 2018 — Kyriba, the #1 provider...read more
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October 30, 2018 PressCFOs Identify Three Key Areas Where Treasurers Need to Be More StrategicRisk Management, Cash Management and Working Capital Optimization Cited as Key Areas for Improvement, According to New CFO Publishing Survey NEW YORK, Oct. 31, 2018 — Kyriba, the #1 provider of cloud treasury and financial management...read more
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October 22, 2018 PressKyriba Named to the 2018 CB Insights Fintech 250 List of Fastest-Growing Fintech StartupsKyriba Honored for Innovation in Cloud-Based Treasury and Finance Management NEW YORK, Oct. 23, 2018 -- CB Insights today named Kyriba, the #1 provider of cloud treasury and financial management solutions, to the second annual Fintech...read more
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October 09, 2018 NewsBusiness Continuity Planning: 4 Tips for TreasurersA recent Treasury in Practice Guide, underwritten by Kyriba, provides tips on how treasury departments can implement successful business continuity plans, so that the next time disaster strikes, you’ll be ready.read more
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October 09, 2018 NewsBrian’s The Month in BriefKyriba & New Lease Accounting Requirements – Over the years, I’ve written about Kyriba’s treasury software solutions. The solution continues to expand with functionality for hedge accounting, fraud detection and more.read more
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October 09, 2018 NewsImplications of Brexit for corporate treasury in the UKTreasury functions will play a key role in enabling companies to weather the Brexit storm, says Greg Person, VP of Sales, UK & Ireland at treasury solutions provider Kyriba.read more
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September 27, 2018 NewsDigital Transformation at NH Hotel Group: Checking in to the Future of TreasuryThis article was originally published on TMI.com. Spanish-based hotel group, NH Hotel Group, was operating a manual, decentralised treasury structure, which was hampering cash visibility and control. Here, Luis Martínez Jurado, SVP Financing &...read more
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September 24, 2018 PressKyriba Clients Take Major EuroFinance AwardsWorld-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...read more
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September 19, 2018 NewsWhy Does Treasury Care About Lease Accounting?TMI features news from Kyriba's VP of Strategy Bob Stark about the challenges facing treasurers who are not prepared for IFRS 16 lease accounting compliance. Adoption of lease accounting standards such as IFRS 16 is...read more
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September 18, 2018 PressKyriba Sees Rapid Expansion in APAC with Addition of Grab, Danone and Other MultinationalsGlobal FinTech Leader Counts More Than 100 Clients in Asia Pacific including Japan SINGAPORE, Sept. 19, 2018 — Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced that Grab, Southeast Asia’s leading...read more
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September 14, 2018 NewsKyriba releases new lease accounting softwareKyriba, which makes cloud treasury and financial management software, has released a new lease accounting solution. The tool centralizes all corporate leases and offers consolidation of lease data, auditable workflows and automated calculations.read more
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September 14, 2018 NewsKyriba simplifies lease accounting for CFOsKyriba has launched a lease accounting module for its treasury management platform, offering centralised lease tracking and providing improved risk mitigation for financial executives. According to the firm, a provider of cloud solutions for...read more
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September 14, 2018 NewsKyriba launches centralised tracking technology for corporate leases as IFRS 16 deadline loomsKyriba, a global provider of cloud treasury and financial management services, has launched a new lease accounting solution with centralised tracking of all corporate leases. Read why this is important for treasurers, according to...read more
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September 14, 2018 NewsKyriba deals out more cash to the channelKyriba, the cloud financial management solutions provider, says it is giving millions of dollars more to the channel in major markets and selling exclusively through it in other countries.read more
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September 10, 2018 PressKyriba Launches New Lease Accounting Solution to Help CFOs Simplify Compliance with Global RegulationsCloud Leader Becomes First Treasury Management Vendor to Offer Integrated Lease Accounting Functionality to Accelerate Compliance with International Standards Such as IFRS 16 LONDON, September 11, 2018 — Kyriba, the #1 global provider of cloud treasury...read more
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September 06, 2018 NewsThe Future of Real-Time Global PaymentsRead Bob Stark's, VP of Strategy at Kyriba, newest thought leadership on the future of payments in Treasury & Risk. Real-time payments are coming.read more
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August 31, 2018 NewsIn an age of inflation, managing working capital is kingLow inflation and interest rates have led to lax management of working capital, but as commodity prices rise some belts may tighten and affect actors across the supply chain.read more
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August 31, 2018 NewsPSD2: Real-time processing? Not so fastIndustry experts observe that while the revised Payment Services Directive (PSD2) represents an opportunity for corporate treasury to take advantage of real-time payment processing, it will take some time for the full benefits to...read more
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August 31, 2018 NewsNYU Moves from Excel to a Treasury System to Improve EfficiencyRead how the treasury department at New York University decided to move from Excel to a TMS in an AFP article with Tim Hesler, CTP, assistant treasurer, global banking, cash management and treasury operations.read more
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August 28, 2018 PressKyriba CEO Jean-Luc Robert Named a 2018 Top 50 SaaS CEONEW YORK, August 29, 2018 — Kyriba, the #1 cloud treasury and financial management platform, today announced that Kyriba CEO Jean-Luc Robert has been named a 2018 Top 50 SaaS CEO by The SaaS Report...read more
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July 26, 2018 NewsAdam Smith Awards : Sri Lanka’s Sean De Silva felicitatedSean De Silva awarded for best in its class treasury solution Middle East at the Adam Smith Awards 2018. Sean’s work resulted in the Government of Sharjah embracing HSBC’s digital transaction banking solutions with Kyriba, a...read more
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July 25, 2018 NewsTreasury Teams Wasting Almost 5,000 Hours Per Year on SpreadsheetsGlobal treasury teams are wasting an average of 4,812 hours per year using traditional spreadsheets to manage their cash, payments and accounting operations, according to a new survey from Kyriba of treasury professionals at...read more
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July 25, 2018 NewsFintech Software Outfit Kyriba on Track to Hit $100 Million Revenue MilestoneFintech software firm Kyriba said this week that sales have increased by 48 percent during the first half of this year – putting the company on pace to reach $100 million in revenue by...read more
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July 25, 2018 NewsFinance Execs Find Digital Transformation Harder Than They ThoughtThe latest research adds new chapters to this story, highlighting the continuing struggles of technological adoption while, at the same time, showcasing the progress the enterprise has made.read more
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July 24, 2018 NewsExcel Fingered as Biggest Time-waster for Global Treasury OpsGlobal treasury teams are wasting an average of 4,812 hours per year using traditional spreadsheets to manage their cash, payments and accounting operations, according to a new Kyriba survey of 100 plus major brands...read more
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July 24, 2018 NewsHow a TMS put Tan Chong’s Treasurer in the Driving SeatGroup treasurer Wan Chun Shong took CT on a spin through the Malaysian auto giant's new Kyriba system at our CTCFO Malaysia event. Here's what we learned.read more
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July 24, 2018 NewsTreasury Platform Kyriba on Track to Surpass $100m RevenueIncreasing demand from CFOs has led to revenue growth for cloud-based treasury and risk management platform Kyriba. “Continuing to manage the critical operations of the finance and treasury department through antiquated technologies such as spreadsheets or on-premise...read more
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July 24, 2018 NewsTreasurers Wasting Thousands Of Hours On Spreadsheet Cash ManagementCorporate treasurers in the U.S. and Europe are wasting thousands of hours a year relying on manual spreadsheets to manage cash, according to a new survey from Kyriba. The company said in its official blog that...read more
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July 24, 2018 News3 Questions with Jean-Luc Robert of KyribaFinTekNews interviews Jean-Luc Robert, chairman and CEO of Kyriba, a leading provider of cloud treasury and financial management solutions. Read his forecast for the company, innovations in the next five years for fintech and...read more
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July 24, 2018 NewsAround the World in 15 PlatformsFinbarr Bermingham speaks to Kyriba and some of the world’s primary invoice financing platforms to provide a guide to those operating in the space.read more
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July 24, 2018 NewsChoose Wisely: Selecting the Right Treasury SystemThe latest Treasury in Practice Guide, underwritten by Kyriba, explores the ins and outs of selecting a TMS. Treasury professionals share their stories about selecting new systems, and provide best practices about the RFP process,...read more
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July 23, 2018 PressKyriba Announces 48% First-Half Bookings Growth, Now on Track to Surpass $100 Million in Revenue in 2018NEW YORK, July 24, 2018 — Kyriba, the #1 cloud treasury and financial management platform, today announced that it grew year-over-year sales bookings by 48 percent during the first half of the year, benefiting from...read more
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July 02, 2018 NewsKyriba, to Guarantee the Financial Security of the CompanyEdi Poloniato, global head of working capital solutions at Kyriba, reviews Kyriba's positioning as a pioneer in offering a SaaS solution in the field of financial managment.read more
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June 28, 2018 NewsHow Pimkie paid faster: French fashion label supports suppliersSCF Briefing, the global source for news and analysis of the supply chain finance sector, features a massive story about how the Kyriba client, Pimkie, a French fast fashion label for women gains working...read more
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June 28, 2018 NewsBlackRock and Kyriba Announce Strategic Partnership to Help Optimize Liquidity PerformanceBlackrock, Inc. and Kyriba announce a strategic partnership to help optimize liquidity performance.read more
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June 28, 2018 NewsBurn those spreadsheets – and 4 other ways that treasurers can help their CFOs sleep betterYou really don’t need those spreadsheets anymore. In fact, not only do you not need them, by continuing to use them as a primary treasury solution, you are exposing your organization to serious risk,...read more