Kyriba Expands Risk Portfolio, Launches Commodities Risk
New 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 of cloud-based finance and IT solutions, announced today the launch of Commodities Risk, which is an expansion of the Company’s portfolio of risk applications. The new solution helps treasury and risk managers mitigate rising commodity costs with integrated data, analytics and connectivity into Kyriba Treasury and Risk Management. The expanded offering gives companies the ability to optimize hedging programs, reduce price risk and protect their bottom-line from the impacts of commodity, FX and interest rate volatility.
“Kyriba launched Commodities Risk to support hedging programs, simplify buying and price setting processes and to deliver a more complete liquidity picture,” said Bob Stark, Global Head of Market Strategy at Kyriba. “It is important for our clients to have Commodities, FX, Payments and Treasury functionality in a single platform to optimize hedging and reduce costs, especially while navigating a volatile market.”
Key Benefits of Kyriba Commodities Risk solution features several key benefits that will aid global multinational corporations and other organizations seeking a more comprehensive understanding of liquidity:
- Commodity Tracking Features: Exposure management, trade capture and flexible forward-curve modeling.
- Financial and Hedge Accounting: Valuations and hedge accounting entries are automated and connect to all general ledgers.
- A Single Risk Management Platform: Commodities, FX and Interest Rate Risk are fully integrated with liquidity planning, automated settlements and bank reconciliations.
Commodities Risk expands Kyriba’s platform to further support corporate treasurers and risk managers to mitigate the impact of rising commodity prices and offer greater defense against pricing headwinds. The Company recently launched its Portfolio VaR Analysis to help companies better tackle currency risk.
For more information on Commodities Risk, read our fact sheet.
About Kyriba Corp.:
Kyriba empowers CFOs and their teams to transform the way they activate liquidity as a real-time, dynamic vehicle to grow and create business value, while protecting against financial risk.
With 2,500 customers worldwide, 20% of which are Fortune 500 companies, and 25 million payments processed daily, Kyriba’s platform connects internal treasury, risk, payment and working capital applications to vital external sources such as banks, ERPs, trading platforms and market data providers. Based on a secure and scalable SaaS platform that uses artificial intelligence, Kyriba enables thousands of businesses around the world to maximize growth opportunities, protect against losses from fraud and financial risk, and reduce costs through advanced automation.
Kyriba is headquartered in San Diego, with offices globally. For more information, visit www.kyriba.com.
Kyriba Media Contacts:
+33 633 372 920