Kyriba Sees Rapid Expansion in APAC with Addition of Grab, Danone and Other Multinationals
Global 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 online-to-offline (O2O) mobile platform is leveraging the use of Kyriba to optimize its treasury operations including improving cash visibility and automation opportunities that better position the company for accelerated growth and expansion; and Danone Asia PTE. LTD., one of the largest food and beverage companies in the world, has selected Kyriba to centralize, automate and secure global treasury operations. Kyriba now has more than 100 clients in the Asia-Pacific region, including Japan, as the company continues to see strong demand for its enterprise platform worldwide. This summer, Kyriba announced a 48 percent increase in global sales booking in the first half of 2018 compared to the last year.
The International Monetary Fund’s “Regional Economic Outlook: Asia Pacific”recently reported an improvement in the already favorable outlook for the region in 2018, despite continued market volatility. “Asia is expected to grow by around five and a half percent this year,” according to the report.
Grab and Danone join major industry leaders in APAC who are switching to Kyriba to accelerate growth opportunities, protect against loss, and enhance fraud protection and compliance. They include CWT, LIXIL, TransferTo, Tan Chong Motor Holdings, Konica Minolta, JVCKENWOOD, Yokohoma, Nissin, and many others.
“We were looking for a modern treasury and finance platform to manage our business units across Asia Pacific in collaboration with our regional center in Singapore,” said Calvin Lee, Regional Treasurer Asia Pacific at Danone. “Kyriba brings us the technological solution to secure our workflows and control points in a fast-changing environment.”
“Kyriba enables treasury and finance leaders at fast-growth companies in the Asia Pacific region to capitalize on their surging economy,” said Jean-Luc Robert, Chairman and CEO at Kyriba. “Kyriba serves as a catalyst for digital finance transformation at many organizations, where automation, centralization, visibility and secure controls give CFOs and their treasury teams a compelling advantage over the competition”.
For more information or to contact Kyriba in Asia Pacific, Kyriba teams will be onsite at the ACT Asia Treasury Leader’s Forum 2018 at the Hong Kong Convention & Exhibition Centre in Hong Kong, 19 September, and at ACTS & ATC Treasury Forum 2018, 20 September, at the Marina Bay Sands in Singapore.
About Kyriba Corp.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
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Daniel Shaffer, [email protected], +1 (858)263-2218