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Kyriba’s Cash Management, Liquidity Planning and Liquidity Analytics modules offer a complete solution to predict cash and liquidity requirements and make data-driven liquidity decisions. The practice of cash forecasting has changed post-pandemic. CFOs and...

Kyriba’s Cash Management, Liquidity Planning and Liquidity Analytics modules offer a complete solution to predict cash and liquidity requirements and make data-driven liquidity decisions. The practice of cash forecasting has changed post-pandemic. CFOs and boards demand increased free cash flow necessitating greater precision in forecasting and planning. Liquidity planning has emerged as a new practice that extends beyond cash forecasting to make more informed and efficient decisions to increase the generation and preservation of cash on the balance sheet and to support the CFO plan for growth, expansion, acquisitions, and EBITDA improvement. The Kyriba platform supports integrated cash and liquidity practices: Key Features Cash Management – for daily cash positioning and reconciliation of prior day bank transactions, including bank reporting, bank transaction tagging, and target balancing of accounts. Kyriba module: Cash Management Cash Forecasting – projecting cash surpluses and requirements days/weeks/months into the future. Forecast data is captured from internal and external sources with the ability to model simultaneous forecasts in parallel and stress-test against multiple business scenarios. Kyriba module: Liquidity Planning Liquidity Planning and Liquidity Analytics – surrounding the forecasting with investment and borrowing data to make more informed liquidity decisions. The Liquidity Plan makes the cash forecast actionable, demonstrating the impact of investing, and borrowing decisions with real-time data insights. Kyriba modules: Liquidity Planning and Liquidity Analytics The combination of Kyriba’s Cash Management, Liquidity Planning and Liquidity Analytics modules give treasury teams and finance leaders in treasury, FP&A, finance, procurement and accounting the platform they need to proactively manage the cash lifecycle end-to-end. The Liquidity Planning module supports cash forecasting while the Liquidity Analytics module surrounds Liquidity Planning with data and insights to make data-driven liquidity decisions. Clear identification of target liquidity levels and flexibility in reporting: To learn more about Kyriba’s Liquidity Planning and Liquidity Analytics modules, visit www.kyriba.com

This CFO Podcast discusses free cash flow strategies and business leadership with Dan Gardner, CFO at DT One.

*Accepting cookies will allow the podcast player to be displayed. Free Cash Flow Strategies and Business Leadership This CFO Podcast features an interview with Dan Gardner, Group CFO at DT One, an international network of non-cash micropayments and digital pre-pay partners that delivers digital connectivity solutions.   Editor's Note In this episode, Dan explains the importance of cash forecasting, or liquidity planning, how to drive value across the organization through empowering teams, and data driven business leadership. Financial technology and AI solutions are empowering finance leaders to increase efficiency and optimize growth with new data analytics. He explains how to monetize insights from data and minimize risk. When it comes to business leadership, Dan says that embracing technology unlocks results, especially for finance teams and streamlining treasury processes. “Give them the tools and the resources and the courage to be challenged by it,” he says, to “better the environment, the decision making, [and] create value for the enterprise.” Dan has a 12-year track record of creating enterprise value as a CFO. At DT One, he’s responsible for the global oversight of all finance, treasury, risk and compliance functions. He’s built smart, agile finance organizations and transforms core data into revenue generating intelligence. This CFO podcast is an excellent guide for finance leaders and CFOs who embrace thought leadership from their peers. Listen to examples of how other CFOs manage risk, drive growth, and take-on the expanding, strategic role of the CFO.

2022 Treasury Technology Analyst Report: The Definitive Guide to Treasury Technology Solutions This special edition provides an exclusive look at the solution set offered by Kyriba.

2022 Treasury Technology Analyst Report: The Definitive Guide to Treasury Technology Solutions This special edition provides an exclusive look at the solution set offered by Kyriba.

Modernizing Cash Forecasting and Liquidity Planning Cash forecasting has changed post-pandemic, with new practices emerging to predict free cash flow and liquidity more accurately and at greater speed. Kyriba has responded with a completely...

Modernizing Cash Forecasting and Liquidity Planning Cash forecasting has changed post-pandemic, with new practices emerging to predict free cash flow and liquidity more accurately and at greater speed. Kyriba has responded with a completely modernized solution to confidently extend forecasting horizons and support data-driven liquidity decisions. Reduce Reliance on Spreadsheets Treasury teams have often turned to spreadsheets for their forecasting needs to model both simple and complex reports and scenarios. Kyriba’s Liquidity Planning module is designed to be as easy as a spreadsheet with the flexibility to model forecasting complexity. Kyriba Delivers Flexibility and Precision Kyriba Liquidity Planning is a new cash forecasting module to help treasury and finance make more accurate decisions for days, weeks, months and years in the future. Liquidity Planning supports cash forecasting and – when combined with Liquidity Analytics – also support liquidity planning practices. KEY FEATURES Flexibility and Configurability Model forecasts the way you want with as many iterations as you like, including top down or bottom-up presentations to support different types of forecasting in your organization. Formula-based Construction Include or exclude the data you want in each line item and summary total. Multiple, Parallel Forecasts Run multiple cash forecast cycles at once, designed with different data and assumptions. What-if Scenarios Model forecasts against various liquidity and risk scenarios. Excel-like Entry On-demand single click editing and copy/paste directly into the forecast. Submission and Review Workflow Collaborate with other users including notifications and comments. Variance Analysis Combine with Cash Analytics for detailed and drill-down on forecast variances. Load Data from anywhere Unify forecast data from ERP, spreadsheets, data lakes and other sources via API or file interface. AI-Enhanced Cash Flows Combine with Cash Management AI or other AI apps to include data-driven forecasts as part of your cash flow planning. Liquidity Analytics The Liquidity Planning module combines with Kyriba’s Liquidity Analytics module to fully support liquidity planning practices. Liquidity Analytics surrounds the cash forecast with liquidity data from the Investments and Debt modules in Kyriba, presenting through pre-built dashboards to make your forecast actionable. Together, the Liquidity Planning and Liquidity Analytics modules unify cash and liquidity data, so you have the data and insight to optimize liquidity decisions.

"Align Technology, along with Kyriba and Refinitiv FXall, has created a simplified hedging program with rock solid analytics. Senior Management is again confident with the FX hedging program." Laura Fisher, Financial Risk Management Challenges...

"Align Technology, along with Kyriba and Refinitiv FXall, has created a simplified hedging program with rock solid analytics. Senior Management is again confident with the FX hedging program." Laura Fisher, Financial Risk Management Challenges Data visibility, collection, and analysis were very difficult Daily Rate Environment caused complexity in analyzing results Regionalized approach resulted in multiple iterations of accounting principles and platforms, preventing visibility into FX exposures FX trades done manually over the phone, leading to rate loss and non-competitive bids Solution Moved from a daily rate to a monthly rate environment for the FX Program Integrated Kyriba FX with SAP ERP and implemented Data Integrity Analysis to validate exposure and identify inconsistencies Began scorecards for regional accountability based on actual vs. forecasted analysis Introduced trading partner FXall to provide market-best rates for trades Outcomes Streamlined data flow endto-end and gained confidence in data, decision-making, and the FX hedging program Monthly Rate Environment with refined forecast methodology and visibility into true exposures Eliminated spreadsheets and manual input with automation and ERP integration Reduced overall cost of hedging with best-rate availability

Kyriba is a fully SWIFT-certified Application for Cash Management and Payments, offering multi-bank Connectivity-as-a-Service integrated within Kyriba’s leading liquidity management cloud platform for treasurers and CFOs. SWIFT Alliance Lite2 for Corporates Kyriba has fully...

Kyriba is a fully SWIFT-certified Application for Cash Management and Payments, offering multi-bank Connectivity-as-a-Service integrated within Kyriba’s leading liquidity management cloud platform for treasurers and CFOs. SWIFT Alliance Lite2 for Corporates Kyriba has fully integrated SWIFT Alliance Lite2 with Kyriba’s cloud platform, enabling complete automation and straight-through processing for corporate payments. No internal IT effort is required for bank reporting, payments and other SWIFT messaging. Who Should Consider this Service? Clients who wish to maintain the administration of BICs, users and RMA keys, but also want to outsource bank format transformation and maintenance, as well as the monitoring of bank connections. SWIFT Service Bureau With Kyriba’s SWIFT Service Bureau, clients have their own SWIFT BIC fully managed by Kyriba. While the initial investment may be slightly higher on a monthly basis than Alliance Lite2, the total cost of ownership may be much lower, depending on your connectivity profile. Kyriba also provides a unique service for corporates to migrate from any other vendor to Kyriba’s SWIFT Service Bureau. Who Should Consider this Service? Clients with higher volumes of banks, transactions, payments, and bank accounts Clients who want a complete managed SWIFT service 22% of SWIFT Corporate BICs are managed by Kyriba 25% of Kyriba clients are using SWIFTNet Kyriba’s MT Concentrator Service For clients who want to have a quick start with SWIFT bank reporting, Kyriba’s MT Concentrator service allows organizations to utilize a SWIFT BIC11 specifically provisioned for Kyriba clients. The service is priced per account, offering flexibility, cost benefits and quick onboarding for bank reporting with potential access to all SWIFT member banks. A few hundred Kyriba clients have already signed up for this service. SWIFT gpi for Corporates* SWIFT gpi improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking. Hundreds of thousands of cross-border payments, are sent every day using the new gpi standard. Kyriba is certified for SWIFT gpi for corporates. Reduce Payment Investigations With end-to-end tracking and confirmation of credit, SWIFT gpi gives you full visibility into the journey of a payment. Improve Supplier Relationships By attaching the unique tracking reference to each payment, you can provide transparency on payments and keeping the flow of trade moving. Speed Up Invoice Reconciliation Payment data carried via SWIFT gpi is unaltered, making reconciliation much easier. Achieve Greater Capital Efficiencies With money moving faster and with greater transparency, you can improve your cash forecasting and optimize your liquidity. *Source: SWIFT “Naval Group is committed to maintaining the highest standards in compliance, and the new Kyriba SWIFT gpi offering helps our team to strengthen payments transparency and traceability so we can expand our position as the European leader in naval defense.” David Livi — Vice President of Treasury and Financing at Naval Group

Kyriba gives the mortgage industry the technology solutions to realize greater centralized cash visibility, real-time treasury reporting, improved audit results, and regulatory compliance and control. Current Industry Challenges Cash & Capacity Finance & Treasury...

Kyriba gives the mortgage industry the technology solutions to realize greater centralized cash visibility, real-time treasury reporting, improved audit results, and regulatory compliance and control. Current Industry Challenges Cash & Capacity Finance & Treasury departments in the mortgage sector depend upon multiple banking relationships and data metrics in order to operate – those for warehouse capacity, warehouse cash, servicing lockboxes, escrow deposits, etc. This typically involves manually logging into multiple banking sites to gather reports, reconcile loan activity, compile a cash position and determine cash concentration. Market Opportunities Treasury and Capital Markets must be tactical partners in the organization and need to be prepared at all times to shift strategies and “pivot on a dime” as market opportunities or risks arise. This requires real time data that can be quickly analyzed, something that is lacking in a manual environment. Loan Level Cash & Accounting At any time, there are likely tens of thousands of loans to monitor, between funding, settlements and the servicing portfolio. Each of these loans have the potential of multiple different cash transactions – each transaction breaking down into multiple parts requiring separate journal entries. Deadlines Whether you are working against lock expirations, borrowers receiving keys for their new property, month-end timelines or bank cutoff times, there are multiple varying deadlines that need to be met on a daily, weekly and monthly basis. These deadlines need to be integrated in order to successfully maintain adequate customer service levels while also minimizing unnecessary interest expense or banking fees. Regulation The mortgage industry is highly regulated. Multiple audits can likely occur at a single time between warehouse renewals, investor due diligence, state audits and regulatory examinations. The ability to quickly reference archived data, authority levels, etc. is imperative in conducting an efficient audit. How Kyriba Can Help Kyriba empowers Mortgage Industry organizations, including several Fortune 500 companies, with the capabilities to optimize cash and liquidity, reduce operational regulatory risk, and streamline management reporting to capitalize on market opportunities. Cash/Capacity/Deadlines Kyriba provides centralized, real-time visibility into cash, as well as detailed transactional activity across all bank relationships in a single, secure platform. This enables effortless cash positioning and concentration decisions, intraday and across any time horizon. Streamlined Accounting Processes Kyriba automates cash and loan-level accounting across many levels, simplifying generation of journal entries, while introducing structured, reportable audit and controls to the accounting process. This saves countless hours and offers a single source of record for accounting inquiry, as well as seamless journal posting into any underlying ERP/accounting platform. Regulations Kyriba’s standard controls and workflows concerning entitlement and authorizations are configurable based on internal customer policies and guidelines. Kyriba provides the ability to enforce, as well as fully report on, any modifications. Time stamps, transaction-level documentary attachment, and fully reportable audit trails enable the ability to reference current state as well as historical information. Kyriba Analytics for KPI Reporting Kyriba provides a fully integrated business intelligence solution to ensure on-demand, drill-around, data visualization to find meaningful insights within high data volumes, while delivering on KPI reporting needs.

“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith,Assistant Director of Finance, Delaware Life...

“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith,Assistant Director of Finance, Delaware Life Before Kyriba • Legacy TMS provider riddled with many problems• Limited support, heavily manual Kyriba Modules Adopted: • Cash Accounting • Payments • Cash Forecasting • Bank Analysis Positive Business Outcomes: • Reports that used to take 15-20 minutes a day to generate - out of each bank portal - now are instantaneous • Roughly 50 reports per day are now automated, saving multiple analysts hours of work • Hundreds of transactions per day are now auto reconciled “One of the best things about Kyriba is the customer service. Every time I get on the phone, somebody picks up, and immediately we get attention. I can't stress how important that is for us. In treasury, everything is right now. If you have an issue, you need it done in an hour. We can 100% count on Kyriba to be there.” Joel Smith,Assistant Director of Finance, Delaware Life ABOUT DELAWARE LIFE Founded in 2013, Delaware Life Insurance Company is a member of Group One Thousand One, LLC ("Group1001"): a dynamic network of businesses making insurance more useful, logical, and accessible for everyone. As of March 31, 2022, the company had assets of $43.3 billion and liabilities of $41.2 billion (does not include Delaware Life Insurance Company of New York) with more than 320,000 active annuity and life insurance policies.

Kyriba Receivables Finance The speed with which you as a seller convert receivables into cash is critical for your organization. Accelerate a cash injection into your company with Receivables Finance—Kyriba’s new working capital solution....

Kyriba Receivables Finance The speed with which you as a seller convert receivables into cash is critical for your organization. Accelerate a cash injection into your company with Receivables Finance—Kyriba’s new working capital solution. Turn Accounts Receivable into Cashflow Kyriba’s Receivables Finance is natively integrated with all other Kyriba Working Capital solutions, like Dynamic Discounting and Supply Chain Finance. Receivables Finance enables CFOs to unlock funds tied up in outstanding accounts receivable (AR), converting those assets into cash quickly. Sellers can centralize and simplify all receivables finance programs into one portal, without having to change online funding providers in order to draw down from their credit facilities. This receivable solution allows you to remain in control of the utilization and availability of receivables finance programs, yet obtain the most efficient funding sources for your receivables on a single, funder agnostic platform. How Does AR Financing Work? Kyriba provides companies with greater cash visibility, as well as the capability to finance AR in an easy, fast, and scalable manner via a multi-funders platform. Using APIs, the platform automates connectivity with the seller’s ERP system via certified ERP connectors, providing analytics on AR. The platform allows sellers to sell the receivable automatically to the associate funders and finance automatically or manually selected receivables through a direct connection with a multi-banking approach. How Does Kyriba Integrate Data? Kyriba does not aim to substitute any banks or funders into the receivables finance program from a funding perspective. Instead, we facilitate integration of data from your ERP to multiple funders’ backends, making those programs scalable. This approach aggregates all sellers’ programs into one single platform and provides our customers with a single dashboard to help them make better decisions based on their real-time positions. Full Visibility into Working Capital Management Kyriba’s dashboards provide you with a bird’s eye view of your Receivables Finance results and performance. Additionally, they can simultaneously provide you with visibility into any other discounting or trade payables programs (Dynamic Discounting, Supply Chain Finance, Confirming, etc.) managed within Kyriba. Receivables Finance Key Features Kyriba’s Receivables Finance technology supports both pool financing and selective invoice financing programs. Companies can manage the end-to-end journey of the program, including extraction of relevant information, updating the ERP and providing detailed reporting to manage risk. The following is a breakdown of the key features of Kyriba Receivables Finance: Program set-up: Set-up is quick and painless. Receivables Finance easily adds sellers, funders and debtors, as well as credit limits, payment rules, and pricing profile. Ledger data upload/validation: Using APIs, Receivables Finance connects to the seller’s ERP to upload documents (e.g., invoices, credit notes) and update status in real time. Eligibility check and early payment processing: Receivables Finance can perform eligibility and limit checks prior to processing documents or early payment requests towards the funders. Kyriba completes the workflow by connecting to the funders and retrieving status from the drawdown requests. Payment and reconciliation: Once reconciliation of the collections is completed, Kyriba can automatically settle payments to the funder on due date, based on new ledger data. Dashboards, reports and advices: Receivables Finance features a landing page widget that makes drawdowns, early payment status, collections, limits and other functions readily available. Users can also quickly access reports and receive advice and notifications on demand or automatically, through emails or Kyriba dashboards. Seamless Integration Kyriba’s Receivables Finance solution is natively integrated with all other Kyriba Working Capital modules, as well as Kyriba Treasury, Payments, Risk Management and Connectivity. Kyriba’s Working Capital solutions provide you with access to business intelligence and reporting dashboards to drive quick and easy deep analysis of your overall financing programs.

Over the past 20 years, Kyriba has become the market leader in treasury management systems (TMS) with a platform and network that are unparalleled in size and scope. In today’s uncertain economy, CFOs and...

Over the past 20 years, Kyriba has become the market leader in treasury management systems (TMS) with a platform and network that are unparalleled in size and scope. In today’s uncertain economy, CFOs and Treasurers need reliable and innovative partners to deliver treasury resilience and liquidity certainty.

Kyriba empowers insurance firms with a scalable payments and connectivity solution to tackle back-office system complexity, lack of workflow unification and increased fraud risk. Insurance companies are traditionally challenged by a high volume of...

Kyriba empowers insurance firms with a scalable payments and connectivity solution to tackle back-office system complexity, lack of workflow unification and increased fraud risk. Insurance companies are traditionally challenged by a high volume of payment activities and complex liquidity pooling structures. Such complexity becomes more challenging over time when the business expands with international or domestic mergers and acquisitions. Despite payments (including claims and accounts payable) being such a business-critical process, payment processing remains inefficient, often due to siloed and obsolete home-grown back-office systems. Imagine a Typical Payment Scenario of an Insurance Firm A payment request is initiated in System A It is sent to System B for review and approval Next, it is sent to System C to be further processed Finally, it is uploaded to a banking portal to be executed Payment confirmation and bank statements are to be downloaded and manually transferred to multiple systems of record The Invoice Selector module is Kyriba’s latest innovation for corporates to expand value and realize payment optimization. The module is fully integrated with Kyriba’s Cash Management, Payments Hub, and our early payment program, Dynamic Discounting. Finance Users have multiple workflows for selected invoices: Outdated back-office payment systems requiring extensive and costly IT support Unavoidable payment errors and oversights Potential money loss from undiscovered duplicate payments Increased operational risks due to potential fraud and non-compliant payments Lack of unified cash and account visibility with high bank fees Missed cost-saving opportunities due to reliance on wires instead of lower-cost payment services Missed yield-generating opportunities from idle cash Unable to leverage faster payment rails (e.g., RTP®) or other nascent payment methods (e.g., Zelle) to support customers’ evolving payments needs Kyriba’s Answer to Your Challenges Kyriba is the preferred treasury and payments solution provider by some of the largest insurance companies in the United States, including AIG, MetLife and Brighthouse Financial. Kyriba has designed a modern solution with the features insurance companies require to address their growing business needs. SOLUTION PRODUCT FEATURES HIGHLIGHTS Payment Factory One centralized payments hub to manage payment workflows across all your back-office systems End-to-end integration with all your banking partners Straight-through processing, payment fraud detection (AI-powered), smart payment routing Bank API and real-time payments ready Bank Connectivity-as-a-Service Over 1,000 pre-built bank connectors, eliminating the need for IT to build, test or maintain bank connections A payment format library with over 45,000 payment scenarios ready for use API-Ready System Integration Kyriba Developer Portal with API catalogue and use cases Pre-built ERP and other real-time connectors Curated Marketplace Apps, e.g., ICD for investment, Copper for digital assets Cash Visibility and Mobility Bank account management (BAM), bank fee analysis, in-house bank/netting Cash forecasting with AI capability Interactive business intelligence dashboards A Future-proof Solution Kyriba’s awarding winning solution centralizes payment activity, automates manual tasks, enhances controls, and connects back-office systems to banks to create real-time cash visibility. To learn more, please contact us or request a demo. Our experts are ready to show you how Kyriba's solution is the right one for insurance firms.

This episode features an interview with Ravi Narula, Chief Financial Officer of FinancialForce.

*Accepting cookies will allow the podcast player to be displayed. A CFO's Guide to Building Business Goals, Relationships, and Managing Risk This episode features an interview with Ravi Narula, Chief Financial Officer of FinancialForce, a cloud-based applications platform that accelerates business growth with customer-centric ERP, Professional Services Automation (PSA), and Customer Success solutions. Ravi has over 20 years of CFO experience, and he's helped turn several technology startups into large, mature, public companies. On this episode, Ravi describes the growing role of the CFO, company risk management, and the future of AI technology.   Editor's Note Our guest, Ravi Narula describes the growing strategic role of the CFO, how to be a better business partner to his peers, how he tackles risk management, and the future of AI technology, especially during today’s volatile economic times. Ravi’s growth mindset is simple: connect actions to goals. “Having a clear line of sight to what our long-term goals are and then connecting our short term actions to long-term goals becomes very critical,” he said. Ravi sees the value of technology adoption as a critical enabler to his finance team, and reveals the rigor behind technology investments. It’s not just about showing the value at the time of purchase, it’s also having a clear business case and roadmap to show ROI across multiple milestones for the business in the future. Ravi said, “How do we justify technology adoption and get some real hard ROI and benefits out of it? It's important that we connect some of these actions and data we get. And not only at the time of decision making, but after implementation. [We should] do an annual assessment [to look at] what can we do differently to adopt this thing even more? And not only looking at technology that is live. How many users are using it? How well accepted within the organization?” Ravi has over 20 years of CFO experience, and he’s helped turn several technology startups into large, mature, public companies. On this episode, Ravi describes the growing role of the CFO, company risk management, and the future of AI technology. This CFO podcast is an excellent guide for finance leaders and CFOs who embrace thought leadership from their peers, and who are looking for examples of how others CFOs are managing risk, driving growth, navigating the complex and expanding role of the CFO.

Kyriba is pleased to offer Platinum Support for our Treasury, Payments and Supply Chain Finance clients in need of our most advanced level of support, designed for companies that require a more tailored approach...

Kyriba is pleased to offer Platinum Support for our Treasury, Payments and Supply Chain Finance clients in need of our most advanced level of support, designed for companies that require a more tailored approach based on size, complexity and geographical footprint. Kyriba Platinum Support offers everything clients can expect from a platinum service package, including access to our Client Support Portal, a designated support account manager (SAM), monthly review meetings, and access to Kyriba’s global support centers with support provided in multiple languages. In addition, a selection of highly tailored services are offered, including dedicated advanced monitoring, functional assistance and user training, twice-a-year onsite visits, and a yearly Platform Utilization Study (PLUS) session. Enhanced Support And Case Management Kyriba Platinum Support subscribers benefit from a designated Support Account Manager (SAM), an experienced and highly-trained resource with advanced knowledge of the Kyriba application and the client’s individual Kyriba environment and processes. Every SAM provides: • A higher level of proactive monitoring of their environment, including the Kyriba platform and the delivery of bank statements and payments • Monitoring and proactive management of all support requests, coordinating case escalations to ensure the quickest possible resolution (cases are simultaneously submitted to the SAM and Kyriba’s general support queue for fastest possible resolution) • Comprehensive KPI reports and a yearly overview of new features and enhancements Dedicated Advanced Monitoring Kyriba Platinum Support provides subscribers an invaluable service for companies wishing to outsource their monitoring functions and optimize internal resources. Dedicated Advanced Monitoring includes: • Monitoring the delivery of bank statements, bank connection status and cash balance variances • Payment monitoring to ensure that payments are sent and processed successfully by the banks • Customized Inbound and Outbound file monitoring from/to ERPs (payments, currency exchange rates, etc.) • Personalized monitoring schedule, adapted for each organization, providing proactive alerts each time a potential issue is detected, with comprehensive investigation and recommended resolutions Functional Assistance / User Training Platinum support comes with up to eight hours a month of functional assistance and/or user training, making this package particularly valuable for companies that regularly add new users. Options include: • training sessions delivered via conference sharing • same-day training for high-priority issues • consultation via setup assistance and process documentation • optimization of existing functionalities or module Bank Calls When facing issues with bank statements, Kyriba Platinum Support will call the banks on behalf of the clients and accelerate resolution (subject to thirdparty agreements). Onsite Visits Platinum support includes two onsite visits per year. These include a recap meeting and discussions of any changes required. Platform Utilization Study (PLUS): Kyriba Platinum Support includes an annual PLUS session to address your organization’s evolving structure and needs. Kyriba product experts analyzes the company’s existing configuration and provide specific recommendations to create additional workflow efficiencies. The PLUS session includes: • Preliminary Q&A conference call • Onsite meeting to examine current use case and any associated pain points, noting touch points with other departments and systems • Detailed reporting of with findings and recommendations Why Kyriba Platinum Support? Kyriba Platinum Support addresses the specific needs of companies using Kyriba for our award-winningTreasury, Payments and Supply Chain Financing solutions, and looking for a more tailored support package, from customized monitoring and user training to an in-depth evaluation of the existing configuration: • Obtain tailored support to suit the company’s specific requirements • Outsource monitoring functions and optimize internal resources • Access functional assistance and/or user training, ensuring that new users are fully equipped to use Kyriba effectively • Benefit from recap meetings and personalized presentation of new release notes • Receive annual recommendations to improve the existing configuration and increase workflow efficiency

Wednesday, November 30 | 9:00am PST | 12:00pm EST | 2022 and forecasts for 2023 reflect continued, pervasive threats to profitability and overall financial performance. The effects of higher prices, rising operating costs and...

Wednesday, November 30 | 9:00am PST | 12:00pm EST | 2022 and forecasts for 2023 reflect continued, pervasive threats to profitability and overall financial performance. The effects of higher prices, rising operating costs and FX volatility are impacting profits and the financial health of companies of all sizes and industries. Finance leaders need insights and confidence in developing mid and longer term forecasts that are more accurate, allow greater collaboration, and more flexible scenario analysis. Join Kyriba’s Thomas Gavaghan for a demonstration of Kyriba’s new, revolutionary Liquidity Forecasting solution.

Nearly every company doing business beyond its own borders faces the challenge of cost-effectively managing currency risk, and each year corporations incur billions of dollars in currency-related losses due to volatility. In many cases,...

Nearly every company doing business beyond its own borders faces the challenge of cost-effectively managing currency risk, and each year corporations incur billions of dollars in currency-related losses due to volatility. In many cases, these losses are attributable to manual, spreadsheet-based currency risk management programs and processes. Regardless of the sophistication or complexity of an organization, every corporation can benefit from automated FX risk management.

Kyriba’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...

Kyriba’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 their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

This episode features an interview with Manish Sarin, CFO at Sprinklr.

*Accepting cookies will allow the podcast player to be displayed. The Holy Grail of Finance: Real Time Data, Sustainable Growth and a Solid Bottom Line Manish brings to the table more than 20 years working with high-growth technology and cybersecurity companies. Previously, he was CFO at Exabeam, EVP of Finance at ProofPoint, and led Software Strategy and Corporate Development at Hewlett-Packard. On this episode, Manish talks about collecting unstructured data from Twitter, Facebook and Reddit to grasp the public narrative around Sprinklr, using AI to predict what will happen in the quarter, and achieving the holy grail of finance, of real time data, sustainable growth, and a solid bottom line.

As market volatility and economic uncertainty continue, corporate treasurers are forced to write a new playbook for 2022 and beyond. Strong currency headwinds, continued interest rate increases, unabating inflation, a highly mobile labor market,...

As market volatility and economic uncertainty continue, corporate treasurers are forced to write a new playbook for 2022 and beyond. Strong currency headwinds, continued interest rate increases, unabating inflation, a highly mobile labor market, and the threat of supply chain disruptions are driving an unprecedented set of risk scenarios for treasury teams to manage.

This episode features an interview with Nitesh Sharan, CFO at SoundHound.

*Accepting cookies will allow the podcast player to be displayed. How to Design a Growth Narrative with AI, Technology and Talent This episode features an interview with Nitesh Sharan, CFO at SoundHound. Soundhound is the innovator in voice-enabled AI and conversational intelligence technologies. Nitesh has over 25 years of experience in financial leadership roles. He spent nearly 15 of those at Hewlett Packard where he rose to be Vice President and Assistant Treasurer. And prior to Soundhound, Nitesh served as Nike’s CFO of Global Operations and Technology. On this episode, Nitesh discusses the preparation for going public during the pandemic, how to protect your company’s finances during uncertain times, and how conversational voice AI will play a transformative role in everything from education to the food industry and more.

Clear Need for Better Control over FX Exposures and Fees Wahl Clipper saw the opportunity to expand the value of their Microsoft Dynamics 365 ERP investment by integrating with Kyriba to support more complex...

Clear Need for Better Control over FX Exposures and Fees Wahl Clipper saw the opportunity to expand the value of their Microsoft Dynamics 365 ERP investment by integrating with Kyriba to support more complex treasury functions. With the guidance and help of RSM US, Wahl implemented Kyriba and 360T’s FX trading solutions to provide critical insight into FX spreads and trades. “Using Kyriba’s BCaaS allowed Wahl to consolidate global cash visibility into a single platform and gain control of regional cash balances previously unavailable. This provided the backbone for implementing Wahl’s physical cash settlement processing for their multilateral netting centers.”Logan Wacker, Director of RSM US “Centralizing FX at HQ has allowed us to get improved spread compression and leverage larger, fewer FX trades. The former decentralized process did not provide cost transparency resulting in additional spread, time, and other costs equating to a very inefficient process.”Director of Treasury and FP&A, Wahl Clipper Multiple Goals Increased Efficiency: Provide structure and automation to lessen time spent on manual tasks, leaving more time for strategic work. Accelerated Netting: Automate multilateral netting to reduce disconnected FX settlement processes and deliver significant visibility gains to management. Robust Controls: Strict roles and responsibilities, segregation of duties, and IT general controls to reduce errors and fraud. Lower Processing Costs: Centralizing the buying/selling of currency globally reduces trade execution price and bank fees and consolidates FX exposure reporting into a single platform. “It’s like going from a horse and carriage to a rocket ship. The key is getting buy-in. We took baby steps, and the more management sees it working, the more they are willing to scale.”Director of Treasury and FP&A, Wahl Clipper   The Solution Multilateral Netting and Treasury Automation With multilateral netting in place, Wahl business units have agreements with other business units that allow for intercompany transactions. Once these transactions are booked and exist within a regional ERP application, that’s when the netting process begins with Kyriba. On a mid-month basis, intercompany payables and receivables are collected from each business unit and matched and settled, and disputes are resolved. It is then reported - exactly what is needed to buy, exactly what is needed to sell, and what the overall currency needs are across the globe for those participants. “The visibility that Kyriba provides senior management at Wahl for making decisions on our global cash position is phenomenal. Each sub updates their cash forecast via Kyriba on a weekly basis. HQ can make timely decisions to accelerate collections, delay disbursements, and better manage cash as a corporate resource.” What’s New at Wahl Clipper Cash Forecasting Fall 2022: Launched a 13 week global rolling cash forecast through Kyriba. The data is made available from Kyriba into PowerBI, which is used by Wahl Headquarters to make strategic decisions on balances, collections and disbursements. About Wahl Clipper A world leader in professional and personal hair clipping products, Wahl does business in 165 countries and operates six manufacturing facilities and 11 sales offices around the world.

Wednesday, November 9nd | 9:00am PT | 12:00pm ET | FX volatility has hit major global currencies, rather than just a handful of emerging markets, which is resulting in the largest magnitude of FX...

Wednesday, November 9nd | 9:00am PT | 12:00pm ET | FX volatility has hit major global currencies, rather than just a handful of emerging markets, which is resulting in the largest magnitude of FX related headwinds ever seen since global FX impact data has been tracked.

“As a health IT company, we go through extreme efforts to be in compliance and protected. Upgrading and maintaining our own SWIFT BIC would be a continuous drain on IT resources, and our executives...

“As a health IT company, we go through extreme efforts to be in compliance and protected. Upgrading and maintaining our own SWIFT BIC would be a continuous drain on IT resources, and our executives quickly approved the Kyriba solution.” Leonard Nick, Assistant Treasurer Out of Compliance and Running Out of Time Cerner’s Treasury built an in-house, custom solution to manage the company’s large data volumes, and they implemented SWIFT Alliance Lite2 to support all bank communications, including prior and current-day bank statements, payroll, and vendor/expense payments. Late in 2021, Cerner Treasury uncovered that their IT infrastructure was out of compliance with SWIFT’s Customer Security Control framework. Financial systems were at risk, with the large M&A deal with Oracle, Cerner Treasury needed a reliable and efficient solution to move global payments. Key Challenges Immediate and urgent need to comply with SWIFT standards and reduce reputational risk and threats of financial impact and loss; costs of maintaining SWIFT AL2 would drain IT resources 410 hours per year on maintenance, token management and the lengthy certificate renewal process $4B Payments bottleneck with a lack of a scalable, payments hub for the extensive network of partner banks Limited capabilities for enhanced bank reporting and accelerated visibility to cash Heavily manual and redundant tasks with more costly operations, creating potential challenges to M&A activities, Day 1 readiness, and the Oracle acquisition closing Solution Migrate to Kyriba Service Bureau & Transform Treasury’s Role The Cerner SWIFT BIC was migrated to the Kyriba Service Bureau, and the Cerner Treasury team focused on creating a unified Treasury and Finance Liquidity reporting environment with: Faster bank connectivity through Open APIs. A Payments Hub to consolidate and create a consistent and automated file and payment instruction pathway. ERP integration for reporting to and from related systems. SWIFT BIC/Kyriba automation facilitates bank communication via the Service Bureau while having the full BIC functionality option to expand to additional bank transactions, vendor and client real-time secure communication. In this new, fully connected environment, full SWIFT AllianceLite2 use and continuous automation is still available and not sacrificed while data flows from ERP, Payroll, HR and Treasury solutions. All integration points established with Cerner’s ERP are still in place, facilitating the current payment automation and new investment capabilities. Productivity Gains of 930 Hours and ROI Payback in less than 9 Months Positive business outcomes expected from this project: Protected and continued $4B/350k in annual payments value/volume with capacity to grow Protect free cash flows and low operational costs, key to Oracle acquisition 5 year ROI and IRR is 31.9% and 70.3% respectively, payback in less than 9 months 930 IT hours saved annually (410 hours of AL2 maintenance, 520 hours of bank connectivity maintenance) About Oracle Cerner For 40+ years, Cerner, a leading Electronic Health Record platform, worked at the intersection of healthcare and information technology to connect people and systems around the world, using the latest technology to create solutions that let communities and people engage in their own health. In June of 2022, Oracle Corporate acquired Cerner for $28B to further couple technology and healthcare innovation.

Global Economic and Geo-Political uncertainty brings new risks to business continuity. We can qualify by known risks and unknown risk. There is no task more challenging than planning for the unknown. Business continuity can...

Global Economic and Geo-Political uncertainty brings new risks to business continuity. We can qualify by known risks and unknown risk. There is no task more challenging than planning for the unknown. Business continuity can be impacted by several challenges from personnel to cash-flow and credit worthiness. As finance professionals, being able to measure the risk can help strengthen your scenarios as you navigate through uncertainty.

Discover new technology solutions and strategies designed to help you be more cash-smart. Given the growing enterprise exposure to inflation and potential recession, rising interest rates, and skyrocketing currency volatility and hedging costs, CFOs...

Discover new technology solutions and strategies designed to help you be more cash-smart. Given the growing enterprise exposure to inflation and potential recession, rising interest rates, and skyrocketing currency volatility and hedging costs, CFOs and their treasury teams are rethinking strategies to optimize their finances. And treasurers in particular are experiencing new challenges when it comes to managing cash and liquidity as once again ‘Cash is King’.

Kyriba supports derivative and hedge accounting for ASC and IFRS compliance, including mark-to-market for valuations and automated posting of derivative & hedge accounting entries to your ERP.

Kyriba supports derivative and hedge accounting for ASC and IFRS compliance, including mark-to-market for valuations and automated posting of derivative & hedge accounting entries to your ERP.

Wednesday October 19th | 9:00am PT | 12:00pm ET | After the announced divestiture, Exelon and Constellation Energy each required a modernized Treasury Management System to run their businesses autonomously, reduce cost and transform...

Wednesday October 19th | 9:00am PT | 12:00pm ET | After the announced divestiture, Exelon and Constellation Energy each required a modernized Treasury Management System to run their businesses autonomously, reduce cost and transform operations.

Constantly challenged with new data and reporting requirements to support the business, treasury organizations are turning to modern technologies for greater visibility, accuracy, and speed. By leveraging Kyriba’s API, ICD creates a seamless, end-to-end...

Constantly challenged with new data and reporting requirements to support the business, treasury organizations are turning to modern technologies for greater visibility, accuracy, and speed. By leveraging Kyriba’s API, ICD creates a seamless, end-to-end workflow for clients to gain control over their liquidity management and investment processes. “Ensuring efficiency, security and streamlined workflows have been the cornerstone of ICD’s commitment to our clients. With single sign-on and deep integration with Kyriba, our joint clients limit risk and add efficiencies to their cash and liquidity management processes.” Sebastian Ramos EVP, Global Trading and Products, ICD Key Challenges to Treasury Multiple platforms and logins to manage investments Lack of unified view of cash positions Separate reporting and analysis based on unsynchronized data Operational risks from manual trade and payment processes Manual processes to fix issues “With ICD and Kyriba bringing real-time treasury to the next level, our organization is able to make investment decisions based on up-to-date account data, fund availability and market data. From one platform we can then complete fund transfer to any accounts, creating efficiency like never before.” David Miller Treasurer & SVP, Hunt Companies Real-time Benefits SSO connectivity from Kyriba’s workflow map as part of treasurer’s day to day Enhanced decision making with real time data Automated trade settlement to reduce manual processes Reduced operational and financial risks through process automation Daily automated sweeps to maximize return on surplus cash ICD is treasury’s trusted, independent portal provider of money market funds and other short-term Investments. Its exceptional service and intuitive technology makes it easy for organizations to access and participate in the money markets. To find out more, visit here to learn more about the ICD and Kyriba integration.

Kyriba’s clients in the oil and natural gas industries range from production equipment manufacturing, exploration, and extraction to pipeline transportation. We help these companies through our industry expertise and leading solutions. While no two...

Kyriba’s clients in the oil and natural gas industries range from production equipment manufacturing, exploration, and extraction to pipeline transportation. We help these companies through our industry expertise and leading solutions. While no two companies are the same, many of our clients in the sector share many common treasury and finance requirements. Kyriba provides the capabilities to effectively manage liquidity, debt, investment, cash, payments, and FX risk, enabling executives to make more informed decisions. Enterprise Liquidity Oil and gas companies need comprehensive views of their liquidity. Kyriba enables clients to achieve 100% cash visibility and reduce reliance on borrowing, transforming liquidity into a strategic asset. Managing Multiple Entities Kyriba’s oil and gas clients commonly have multiple subsidiaries and business lines across the globe, often in emerging markets with limited banking infrastructure. This drives cash pooling, netting, in-house banking, and intercompany requirements. Kyriba fully supports multi-entity businesses, offering a host of services for parent and subsidiary treasury management. Our clients seamlessly connect automatically to their relationship banks, ERPs, and other systems, eliminating file uploads and manually-generated reporting and reconciliations. Cash Flow Forecasting Increasing cash forecasting horizons and improving accuracy is a key requirement in the oil and gas sector. With typically tight profit margins and volatility across many areas, minimizing idle cash and getting the surplus invested or available has become increasingly important. Kyriba consolidates forecast data and measures forecast accuracy to increase confidence in your cash projections. FX Risk Management Operating in many different countries means handling many currencies. Kyriba’s FX Risk Management, creates confidence in expanding identification and aggregation of FX exposures and risk mitigation capabilities to manage impacts to earnings. Kyriba gives support to a full end-to-end solution for exposures, trading and post-trade activities. Global Payments Commanding so many operations also places a heavy burden on oil and gas treasury departments in terms of payments. Kyriba’s Payments Hub manages AP and AR payments, while maintaining robust format transformation for communication with banks and other institutions. Debt and Interest Rate Hedging Higher debt loads are common in the industry. With interest rates on the rise, treasury teams must enable effective interest rate hedging programs. Kyriba supports debt and interest rate derivative position keeping, automates mark to market, and delivers regulatory compliance including hedge accounting support. Efficiency and Productivity As with other industries, CFOs and treasurers in oil and gas are focused on improving the efficiency and productivity of the treasury function. From optimizing bank accounts, to bank relationship management, and through automation of manual tasks to improve operational controls, Kyriba delivers productivity to the financial team, enabling less time spent on treasury and more time allocated to business intelligence and strategic insight.

Kyriba clients and Liquidity Excellence Award winners tell all, and it is clear: Organizations around the world have experienced a revolutionary transformation with Kyriba, constantly evolving and modernizing treasury processes and systems. And we...

Kyriba clients and Liquidity Excellence Award winners tell all, and it is clear: Organizations around the world have experienced a revolutionary transformation with Kyriba, constantly evolving and modernizing treasury processes and systems. And we are not close to being done.

For companies with complex funding, procurement, FX, or cash and liquidity management activities, managing these without technology is challenging to say the least. Kyriba’s In-House Banking (IHB) platform gives organizations the control to create...

For companies with complex funding, procurement, FX, or cash and liquidity management activities, managing these without technology is challenging to say the least. Kyriba’s In-House Banking (IHB) platform gives organizations the control to create optimal concentration, pooling, intercompany, and netting arrangements to access more liquidity faster and more cost-effectively. With Kyriba’ IHB capabilities, you are able to provide internal banking services to all your business units. Our flexible data structure allows you to customize your accounts, entities, structures, and workflows based on your business needs. We give our clients efficient cash concentration, cash pooling with support for multi-currency pools, regulated and non-regulated structures, and multi-tier netting hierarchies. IHB Features and Benefits Kyriba allows you to increase cash visibility and control with a full-featured In-House Banking module that creates greater access to cash pools and reduces costs overall in the procurement and receivables cycles. Our clients transition from point-in-time and end-of-month balances to real-time visibility into liquidity. This allows for better forecasting and more informed decision-making. Our IHB solution delivers efficiency through reductions in physical bank accounts and consolidated reporting across regional treasury or finance transactional centers. Whether your pooling or cash concentration is managed directly by the bank or in-house, Kyriba’s application automatically posts and tracks IHB movements from physical and notional pooling structures. Key features include: Pooling and Concentration Our capabilities increase visibility and benefits of centralized cash in real-time, creating a streamlined, efficient dashboard with views into all your global cash. IHB transactions are created from cash or non-cash transactions. POBO (payments-on-behalf-of) Arrangements The IHB executes makes payments for operating companies and debits to those companies’ intercompany accounts. ROBO (receipt-on-behalf-of) Arrangements The IHB’s bank account receives payments for operating companies and credits to their intercompany accounts. Real-time Reporting and Tracking View all IHB balances by subsidiary and currency pair, when applicable. Affiliates can inquire on their internal and external balances, account and interest statements, and internal deals.

You're invited to attend How Can Companies Prepare for Economic Volatility?, a free webinar hosted by the Financial Times, in partnership with Kyriba. This virtual panel will bring together the following business leaders and...

You're invited to attend How Can Companies Prepare for Economic Volatility?, a free webinar hosted by the Financial Times, in partnership with Kyriba. This virtual panel will bring together the following business leaders and speakers to explore how companies can reduce exposure, optimise financial operations, and utilise technology to prepare for a potential recession: Lena Komileva, Chief Economist and Managing Director, (g+)economics Lorne Vary, Chief Financial and Business Development Officer, Brompton Bicycles Ltd Samuel Guillon, Senior Vice President, Strategy, Kyriba Moderated by the Financial Times' US Investment and Industry Editor, Brooke Masters, our panel of experts will discuss the following topics: What are the biggest concerns for businesses regarding today’s challenging economic outlook? What can corporate finance professionals learn from these challenges? Why is it critical for companies to better manage their liquidity flows across their ecosystems? How can this be achieved? How has the role of the Chief Financial Officer (CFO) and treasurer changed in recent years? How can they help to better manage enterprise liquidity flows? How do they anticipate their role developing in light of the economic uncertainty ahead? How are companies leveraging new technologies to enhance their financial performance and navigate regulatory changes? More details on the programme can be found at www.economic-volatility.live.ft.com. This webinar is free to attend.

Kyriba delivers the industry’s most advanced currency risk management solutions with extensive business intelligence capabilities for easy identification and understanding of foreign exchange (FX) risk.

Delivering on-demand interactivity with Oracle applications, Kyriba for Oracle is a cloud-based solution that reduces the risk of foreign currency volatility to earnings per share and corporate value.

Kyriba’s Commodities Risk Management solution gives finance organizations the ability to track, value and generate accounting entries for commodities exposures and transactions, alongside FX and interest rate positions already supported in the platform. Kyriba...

Kyriba’s Commodities Risk Management solution gives finance organizations the ability to track, value and generate accounting entries for commodities exposures and transactions, alongside FX and interest rate positions already supported in the platform. Kyriba supports a full end-to-end workflow with Position Keeping, Market Valuations and Hedge Accounting. Position Keeping Kyriba supports position keeping for spot, forward and swap commodity instruments —and includes the ability to split swaps into forward strips for both manual and automatic hedge designations. Structured swap schedules, Asian fixings methods and approval workflows are also supported for commodities instruments. Kyriba Commodity Risk Value-driven Features Kyriba’s Position Keeping features include using Business Intelligence to create views of exposure forecasts and related hedges. Fixing application and approval, in addition to cash settlement approval with payment generation are supported. Forward curves are provided for valuations, mark to market and position reporting. Kyriba offers automatic hedge designation features, including support for partial-hedging. Kyriba supports market data integration from within the solution or from outside sources. Valuations Kyriba supports automatic mark to market valuations, calculated from integrated market data within the solution, or imported from outside sources. Market Data Kyriba supports a variety of market rates and curves in partnership with Refinitiv. Commodity curves include futures strips and optional spot points. Interest rate curves are used to discount future flows. Commodity fixings, spot and futures rates are also used for calculation of settlement amounts and forecasting of future settlement amounts to support cash forecasting. Redistribution of contributed rates from Refinitiv can be optionally subscribed. Hedge Accounting Kyriba supports derivative and hedge accounting for IFRS9 and ASC 815, with automated automated postings to your ERP or general ledger. Commodity hedges can be assessed and designated at a macro level—or using Kyriba’s new partial-term hedging feature. Users have the option of manual designation or have the system automatically match exposure items with deliveries within the strips of the derivative hedging transactions. This supports the assessment and management of hedge assignments at a granular level while allowing tracking of derivatives at the strip level by front office users. Business Intelligence and Dashboard Reporting Flexible and easy-to-customize reporting and visual dashboards deliver end-to-end insight about exposures and designated hedge activity and performance.   Learn more about Kyriba's solutions for commodities, valuation, and hedging. REQUEST A DEMO

This episode features an interview with David Quinn, CFO at BlueVine.

*Accepting cookies will allow the podcast player to be displayed. Untrap Your Liquidity Through Data and Technology This episode features an interview with David Quinn, CFO at BlueVine. BlueVine provides small and medium-sized business owners with the working capital they need to run and grow their businesses. David has more than 25 years of global experience in banking and finance. Prior to BlueVine, David served as Commercial Bank Chief Financial Officer at Silicon Valley Bank. He also served as Executive Vice President and Consumer Bank Chief Financial Officer at Bank of the West. David has held senior leadership positions at Citibank, Morgan Stanley, and Lehman Brothers in the UK. On this episode, David discusses modernizing your technology to work for you, the benefits of using third party software instead of building in-house, and making your business unattractive to fraudsters.

In the current environment of rising interest rates and inflation, treasurers are increasingly focused on cost reduction. Learn how Walker & Dunlop reduced payment costs and improved productivity through their payment hub. Get first-hand...

In the current environment of rising interest rates and inflation, treasurers are increasingly focused on cost reduction. Learn how Walker & Dunlop reduced payment costs and improved productivity through their payment hub. Get first-hand tips from Walker & Dunlop who figured out how to maximize the benefits of the payment hub and rapidly implement a solution with minimal disruption to legacy payment infrastructure. 3PO Consulting will also offer strategies that will help you design and optimize a payment hub to channel payments through a single point of access with all partners from initial design to go live sign-off.

Kyriba’s FX Advisory Services delivers customized solutions to implement and optimize global FX risk management programs. From execution to accounting, FX risk management is a complex, ever-shifting responsibility, which is difficult for organizations to...

Kyriba’s FX Advisory Services delivers customized solutions to implement and optimize global FX risk management programs. From execution to accounting, FX risk management is a complex, ever-shifting responsibility, which is difficult for organizations to fully staff the necessary level of in-house expertise. Lack of FX business intelligence leads to costly mistakes due to currency and market volatility. Whether your company has been hedging foreign currency risks for decades, or feeling material impacts from FX volatility for the first time, Kyriba’s FX Risk Advisory Services will design the best path forward to create, or revitalize your FX risk management program. We can serve as an extension of your team or take the lead managing projects. FX Advisory Services Differentiating Benefits Broad Based FX Expertise Kyriba’s FX team carries a wide range of experience with backgrounds in corporate treasury, FX risk software, financial institutions & traders, and public accounting firms. We will bring our breadth of experiences to you. Large and Diverse Client Kyriba Base Kyriba’s growth and diverse client base ensures that the FX Advisory Services team is continuously learning. We get exposed to and have a hand in developing best practices in the market. Bridge Between Treasury & Accounting We have backgrounds focused on treasury and accounting and will find solutions that delivers the economics for treasury while ensuring accounting is cared for with efficient processes, accurate entries, and compliance. Project Management Approach We will drive projects from start to finish, keeping key milestones on track. Flexible Solutions Every company has unique challenges and circumstances, along with endless variables in the world of FX. We strive to find a customized best-fit solution for all clients and will not box companies into a one-size fits all recoomendation. Detail Focused The devil is in the details when it comes to FX transactional risk and derivative accounting. We advise clients on designing proccesses that yield the most effective results, which requires digging in deep from multiple angles. FX ADVISORY SERVICES MATRIX FX RISK ADVISORY SERVICES DESCRIPTION OF SERVICES & ACTIVITIES REPRESENTATIVE DELIVERABLES FX Strategy Discovery Sessions Working sessions led by FX Advisory to conduct deep dives into current hedge objectives, risks, and hedging strategies to consider. Kyriba develops summary reports and roadmaps of suggested next steps and opportunities for optimization: • Recommendations report • FX Risk Management Roadmap and Strategic Plan FX Risk/Exposure Analysis Deep assessment and analysis on risk and exposures. Kyriba Advisory Services aggregates exposure data, validates data, quantitatively analyzes risk, assesses key timing aspects of transactional exposures, and discusses opportunities for natural or operational hedging. Management presentation summarizing FX risks, which includes: • Summary of independent and aggregated exposure positions • Detailed overview of key risks and timing • Quantitative analytics on FX risks • Identified natural or operational netting/hedging opportunities FX Hedge Program Implementation Services The Hedge Program Implementation package gives Kyriba clients the expertise and support required to start a new hedge program from scratch. Kyriba Advisory Services is an extension of your team to identify risks, develop the most appropriate risk management objectives and design a custom hedge program. Designed hedge strategies are prepared to go-live with: • Draft FX Risk Management Policy (operational policy) • FX Hedging Procedures Document • Summary document of hedge strategies • Draft Hedge Accounting Policy • Draft designation documentation and quantitative effectiveness assessments FX Program Review & Revitalization Kyriba Advisory Services designs customized work plans, tailored to review existing policies and practices, and diagnose issues. Clients will be left with insight to what is driving ineffectiveness in their hedge program and actionable ideas to make improvements. Variable, and customized for each engagement. Commonly involving a scorecard analysis of existing processes with go forward recommendations. Custom Consulting Commonly used to review client/existing hedge programs, review functional currency determination, review rate setting methodology, conduct peer analysis, M&A due diligence and integration. Confirmations/recommendations of reviewed processes. Can have customized deliverables agreed upon with client/prospect. Examples include: • FX hedging strategy design and blueprinting, policies and procedures, hedge documentation, disclosure review • Analysis of functional currency, FX exposures, hedge results • Review of underlying FX transaction accounting • Effectiveness testing guidance and setup • M&A due diligence and hedge strategy integration • Benchmarking of FX hedging approaches or results Learn how to transform FX Risk Management processes to deliver more predictable and effective results with Kyriba’s leading FX Risk Management solution and our FX Advisory Team today. Reach out to our team of FX Risk Management professionals at: [email protected]

Adobe is experiencing substantial growth with a goal of creating a world-class treasury organization and to build a platform that would sustain it throughout the next decade. “This was a very open-minded collaboration where...

Adobe is experiencing substantial growth with a goal of creating a world-class treasury organization and to build a platform that would sustain it throughout the next decade. “This was a very open-minded collaboration where we said, ‛let’s not think about what we have been doing for the past 15 years, but let’s think about what is absolutely needed and how can we design it to be the best system.’” Susan ChanDirector of Treasury Operations for Adobe Key Challenges Before Kyriba With no TMS in place, Adobe managed Treasury —$5.5B in cash through 138 bank accounts —through spreadsheets 125 global users manually logging into 10+ banking portals daily Digital and hard token logins created a heavy administrative and security burden Reporting entailed downloads in varied formats and manual customized reporting Treasury Transformation Objectives One-stop shop for all banking activities with a full cash and liquidity view Centralized payments platform fully integrated into ERP (SAP) Scalable solution that is able to absorb new businesses and scope Secure system that provides full audit trails “We embarked on a journey to look for a TMS, and we ended up selecting Kyriba because it met our requirements… and it has a user-friendly UI, as well as a robust product roadmap. Having one, centralized system for everyone—for all the bank accounts especially—is quite a dream.” Susan ChanDirector of Treasury Operations for Adobe Adobe Treasury Wins with Kyriba Positive Business Outcomes 12 Functional Teams at Adobe Engaged Throughout the Project Liquidity Management Retired Accelerate workbook and automated daily management reports Created a consolidated view for 100% visibility into global cash and liquidity Eliminated manual tracking and settlement process of investments and debts Automated Intercompany funding process for time saving and enhanced control 180 bank and investment account balances integrated ICD Integration for money market trades and settlements details SAP integration for daily FX and AP forecasting Payments Achieved payment processing via one system Real-time fraud detection applied to payments processed in Kyriba 5 banks connected for a secure, automated process for ad-hoc payments Ad-hoc wire requests routed from ServiceNow ticketing workflow 300+ payment scenarios globally tested and live 50 SSIs and 116 repetitive payment templates maintained Accounting Reduced risk of errors by replacing most of BOT and wire forms with Kyriba daily GL export Increased number of accounts reconciled through Blackline integration, with bank statement forwarding from Kyriba Centralized and streamlined the process for Treasury transactions accounting entries Month-end accounting entries for investment and debt are auto-generated and sent to SAP Bank Account Management Centralized repository of 24 signers tracked and 8 bank letter templates maintained 4 Banks connected for bank fee statement reporting and proactive fee management FBAR reporting information generated from Kyriba

ELM is one of the most critical areas for any organization. It spans Cash & Liquidity Management, Capital Markets & Risk Management, Payments & Fraud, and Working Capital, all of which are paramount to organizational vitality.

ELM is one of the most critical areas for any organization. It spans Cash & Liquidity Management, Capital Markets & Risk Management, Payments & Fraud, and Working Capital, all of which are paramount to organizational vitality. As such, and given the mounting uncertainty, rising inflation, global pandemics, and geo-political instability, it should be benchmarked regularly. Initiating a comprehensive and rigorous liquidity benchmarking evaluation would not only help to identify internal gaps, but also, help an organization garner and adopt industry best practices to weather the storm and even thrive. We believe that enabling organizations to objectively take necessary steps to benchmark their performance would improve organizational resilience and boost efforts to drive enhanced competitiveness and value creation.  Gathering the required information from scratch can be a monumental task, especially if there is no benchmarking foundation, established methodologies, long data history and peer comparison groups across both leading and lagging indicators.   The dilemma many organizations face is acknowledging the importance of the insights that can be derived from benchmarking yet recognizing the daunting task of building a practice by themselves. This often leads to deferring benchmarking initiatives. To overcome this challenge, organizations partner with liquidity management and industry experts/advisors to perform this critical strategic step.   Here at Kyriba, we made the decision five years ago to build performance benchmarking to support our clients and prospective customers need to assess themselves against peer groups to determine 1- what’s working well, and 2- what needs to be improved upon.   The Kyriba benchmarking database has 1,600 organizations across multiple industries, sectors, revenue sizes and geographies, making it the largest ELM benchmarking repository in the world. The database is also growing at 500 to 600 per year.  With the only dedicated practice around ELM benchmarking, Kyriba uses finance and treasury practitioners and executives to conduct client assessments. Furthermore, to streamline the process and make it efficient, the Kyriba Value Engineering Team uses collaboration tools to collect, validate and refine the data it collects from clients. Client organizations are critical to the success of the program. The Kyriba team collaborates with our clients to identify the right improvement opportunities they need to pursue based on factual empirical data. We use our benchmarking findings as a blueprint for value creation, monitoring, and realization. This full value lifecycle approach allows clients and Kyriba to forge a value-based, outcome-focused partnership.  ABOUT OUR TEAM Kyriba’s Value Engineering team has assisted over 1,600 companies, across all sectors, revenue sizes and geographies, to perform the right process diagnostics, develop iron-clad, board-ready value assessment, and provide risk and threat profiles with implications and mitigation strategies. To conduct this level of analysis, the Kyriba Value Engineering team has recruited the best in the business. Each Value Engineer has over 15 years of field, treasury and finance experience, and hundreds of assessments under her/his belt, and are relentlessly focused on client satisfaction. Each Value Engineer will collaborate with your team to create the compelling case you need to secure the required investment to support your treasury transformation. Should you want to learn more about how Kyriba Value Engineering can help you, please contact the Value Engineering team at [email protected] or your Kyriba Sales representative or visit www.kyriba.com.

Xcel Energy had outdated legacy treasury and reconciliation systems that challenged the organization to keep pace with its regulated electric and natural gas delivery business needs. With Kyriba as the catalyst, Xcel Energy embarked...

Xcel Energy had outdated legacy treasury and reconciliation systems that challenged the organization to keep pace with its regulated electric and natural gas delivery business needs. With Kyriba as the catalyst, Xcel Energy embarked on a full treasury transformation spanning 15 integrations to drive consolidation across three legacy finance systems, dozens of legal entities, and seven user groups.

Digital transformation continues to occupy front and center stage across all areas of finance and banking. The pandemic and geopolitical shocks have amplified the need for real-time insights enabling confidence in financial decisions, especially as they relate to liquidity.

Establishing a Compelling Value Proposition: What, Why and Why Now? Digital transformation continues to occupy front and center stage across all areas of finance and banking. The pandemic and geopolitical shocks have amplified the need for real-time insights enabling confidence in financial decisions, especially as they relate to liquidity. These events have caused companies to adapt their business models, ensure the availability of sufficient liquidity even in the worst-case scenarios and further accelerated existing digital transformation initiatives. Treasury and finance organizations are being called upon to provide more reliable and timely insights in support of executive strategic decisions.  However, for those organizations with existing legacy manual processes and tools providing such real-time insights to executive boards proves quite challenging. We find that organizations across all sectors in the treasury space are looking for digital solutions to help improve the maturity of their processes and elevate treasury to a more prominent role in the organization.   Chief financial officers typically receive requests from multiple departments for project funding. The challenge is that they can only approve a fraction of these projects. Funding is scarce. Projects are approved based on meaningful, measurable, and provable business outcomes.  When building a case for change, Kyriba Value Engineering has identified three best practices to secure funding for any technology-led initiative. Properly articulating the business outcomes and value of a technology investment will structure an appealing and credible value proposition and greatly improve the chances that a project gets approval from the executive team. Here is what we believe to be your must do list: Process Analysis: Understand what processes are working well and what processes offer an opportunity for improvement. Solves for the “What” question. Build a financial business case that will provide a meaningful and actionable return for the enterprise. Takes care of the “Why” question. Perform a Risk Assessment to understand the vulnerabilities and threats from the existing status quo, identify impact and develop mitigation strategies. While this return is hard to quantify, the impact can be very detrimental to an organization. Addresses the “Why Now” question.  The Kyriba Value Engineering team has assisted over 1600 companies, across all sectors, revenue sizes and geographies, to perform the right process diagnostics, develop ironclad, board-ready value assessment, and provide risk and threat profiles with implications and mitigation strategies. To conduct this level of analysis, the Kyriba Value Engineering team has recruited the best in the business. Each Value Engineer has over 15 years of field, treasury and finance experience, and hundreds of assessments under her/his belt, and are relentlessly focuses on client satisfaction. Each Value Engineer will collaborate with your team to create the compelling case you need to secure the required investment to support your treasury transformation.  See Where Your Organization Stands Compared to Industry Leaders GET YOUR ASSESSMENT

Every organization talks about cash forecasting more effectively, but few allocate sufficient people, time and technology to build an effective program. Understanding the importance of an accurate cash forecast that can be relied upon...

Every organization talks about cash forecasting more effectively, but few allocate sufficient people, time and technology to build an effective program. Understanding the importance of an accurate cash forecast that can be relied upon for key financial decisions is critical to making the right investments in forecasting.

Artificial intelligence and machine learning have gradually worked their way into everyday life in treasury and finance. But while some organizations are currently using these technologies, we’ve only scratched the surface of their potential.

Artificial intelligence and machine learning have gradually worked their way into everyday life in treasury and finance. But while some organizations are currently using these technologies, we’ve only scratched the surface of their potential.

Cash flow hedge programs are generally longer term in nature. Positions due to mature were locked months or years ago, and new positions may not impact the P&L for months or years down the road. Despite the longer time horizons, there are still opportunities to make your hedge program more effective when volatility strikes.

Kyriba FX Advisory Brief – Cash Flow Hedging in Volatile Markets Cash flow hedge programs are generally longer term in nature. Positions due to mature were locked months or years ago, and new positions may not impact the P&L for months or years down the road. Despite the longer time horizons, there are still opportunities to make your hedge program more effective when volatility strikes. Kyriba Cash Flow Hedging Best Practices Cash Flow Program Action Focus on Forecasting Improvements Missing hedge targets restricts the program from achieving stated objectives and targeted effectiveness, even if positions are underhedged and not at risk of losing hedge accounting treatment. Forecast inaccuracy does not directly show in FX Gain/Loss like with balance sheet hedging, but that does not mean it should be overlooked. Treat forecasting with the same rigor as balance sheet hedging. Track variances and work to perfect forecasting. Improve forecasting processes and standards, so that hedge targets are more consistently achieved. The hedge program was established to provide economic protection in a specific way, and this benefit cannot be delivered with poor forecasting. Revisit OCI Timing and Allocation Assumptions The high-level objective of all cash flow hedge programs is to align hedge results with the same P&L timing and GL geography as the underlying exposure. Many practical expedients are made to ease the administration of this. During less volatile times, a company can live with looser assumptions, but these mismatches can get amplified in volatile markets.Release and allocate hedge results more precisely by analyzing data monthly rather than quarterly or annually. Hedge results will then more effectively align with the intended protection of the documented hedged item and assist all business segments. This will improve hitting hedge program objectives. Develop Robust and Clear KPIs Improving a hedge program requires analysis to pinpoint the areas that command the most attention. Consistently meeting hedge program objectives requires establishing performance reporting metrics.Create an objective-based performance reporting package every month and quarter. There are not one size fits all reports. Whether the objective is locking into budget, protecting margin, fixing project expenses, or smoothing rates, there are ways to report hedge results. Once established create feedback channels to make improvements. Incorporate VaR and Cost of Hedging Efficient frontier concepts can be used effectively for balance sheet hedging as a short-term portfolio decision making tool. Cash flow hedging is more nuanced due to the objectives and the P&L timing variances between different transaction types. Analysis suited for nimble repositioning is not always a fit for long term cash flow hedging. But when cost of hedging is high, it can be a good time to use quantitative analysis as a guide to adjust layering strategies. Conduct VaR and Cost of Carry analysis on cash flow forecasts. A thorough analysis helps make intelligent, rather than emotional, decisions outside of the normal routine policy. If cost of hedging certain currencies is unusually high and analysis shows those currencies have natural economic offsets, there could be an opportunity to temporarily shift policy while not exposing the company to exurbanite economic risk. React to Metrics, not Emotions Nobody can predict with certainty where the market is heading. Today may not look like the best time to lock into EUR revenue hedges, but what if you shutter the hedge program doors completely and EUR goes well below parity? It may be time to add flexibility to hedge targets based on quantitative analysis, but overreactions could derail a hedge program and lead to poor long-term decisions.Treasury can steer discussions back to objectives and reduce the emotional or knee jerk reactions that senior management may have in volatile markets. Proactively prepare analysis to support ideas that prudently adjust to market conditions. This prevents the c-suite from making short sighted decisions based entirely on “taking a view” on the markets. In lieu of analysis and thought leadership from Treasury, temporary emotions from the top will completely hijack the program. Kyriba’s FX Advisory team helps multi-national companies optimize hedge programs and evaluate FX risk holistically to complement a full end to end FX Risk Management solution. Reach out today to our FX Advisory team to learn more. Also, visit https://www.kyriba.com/products/risk-management/ to view more on our FX Risk Products or schedule a demo with the team.

Treasury organizations and CFOs have the dual objective of managing risk to an acceptable level while also containing the cost of hedging across their portfolio of currencies. Several best practices stand out that separate the hedge programs that show cracks (or fall apart) under stress, from the best performing hedge programs.

Kyriba FX Advisory Brief – Balance Sheet Hedging in Volatile Markets Treasury organizations and CFOs have the dual objective of managing risk to an acceptable level while also containing the cost of hedging across their portfolio of currencies. Several best practices stand out that separate the hedge programs that show cracks (or fall apart) under stress, from the best performing hedge programs. Kyriba Balance Sheet Hedge Program Best Practices Balance Sheet Program Activity Automate Exposure Capture with Dynamic Queries Companies using static queries to capture exposures commonly miss new exposure activity, and only catch it after it becomes a P&L problem.Capture data using automated dynamic queries. If dynamic, any new monetary asset/liability activity in the source data will get reported from the start. Monitor Exposures with Increased Frequency Waiting for month-end actual exposure data just once a month (and usually several days delayed) may not cut it during volatile times, where the market is less forgiving on unhedged and over-hedged positions.Leverage technology to monitor positions daily (especially, but not limited to companies in daily rate ERP environments). Monitor weekly, if daily is not possible. Monthly is not enough. Revisit Hedge Adjustment Thresholds Higher thresholds reduce administrative burdens of a hedge program, but leave more risk exposed. The cost-benefit equation of threshold levels changes during volatile markets and should not be static.FX policies are drafted such that the thresholds express the mandated max level but leave flexibility for discretionary adjustments at lower levels. Adjust levels during volatile periods, or on a per currency basis. Reconcile FX Gain/Loss Remeasurement Reconciliation highlights any exposure visibility issues or underlying transactional accounting issues that may have developed since last time it was thoroughly reviewed.Reconcile remeasurement results daily to monthly and quickly work with accounting on potential issues. Kyriba clients leverage our Daily FX Gain/loss Analytics tool, to accomplish this even in daily rate environments. Analyze Hedge Performance Further analyzes FX Gain/Loss as it pertains to hedge program P&L impacts. Highlighting the key drivers or FX noise, whether that be forecasting issues, execution timing, or cost of hedging.Derive clear explanations of the key drivers to hedge program noise as quickly as possible each month end. Leading companies can pinpoint issues and address them before they repeat themselves in subsequent periods and distribute performance KPI reports. Clean-up Exposures Erroneous material exposure positions on the GL are common. Intercompany balances, incorrect manual JEs and phantom balances can skew exposure reports and remeasurement results.Continuously identify and monitor growing intercompany balances and opportunities to net exposure positions or naturally hedge. All outlier transactions creating FX exposures are understood. Make Cost-Effective Decisions with Portfolio VaR or Aggregation Various levels of sophistication exist to make hedge coverage decisions more efficient and cost effective. Forward point markets are currently costing companies significantly more money than months ago, and this shows in the FX Gain/Loss line.The rising trend is incorporating portfolio VaR with Cost of Carry to make portfolio-based hedge decisions. At a minimum, companies must be capable of aggregating exposure positions globally to minimize numbers of trades required. Evaluate Back-to-Back Hedging A spin-off of efficiently aggregating hedge positions is formally pushing down internal hedges to subsidiaries. This can improve internal reporting or can assist in keeping subsidiaries accountable for their hedge results.When it makes sense from accounting and tax perspectives, back-to-back hedging is a common balance sheet hedging approach as an extension of making efficient aggregated topside hedge decisions. Kyriba’s FX Advisory team helps multi-national companies optimize hedge programs and evaluate FX risk holistically to complement a full end to end FX Risk Management solution. Reach out today to our FX Advisory team to learn more. Also, visit https://www.kyriba.com/products/risk-management/ to view more on our FX Risk Products or schedule a demo with the team.

This is a special episode featuring Kyriba’s Senior Vice President of FX Sales and Advisory Services, Andy Gage.

*Accepting cookies will allow the podcast player to be displayed. How To Optimize Your FX Risk Management Program and Stay Ahead of the Curve This is a special episode featuring Kyriba’s Senior Vice President of FX Sales and Advisory Services, Andy Gage. For nearly 20 years, Andy has been helping multinational companies automate and optimize their currency risk management programs. Prior to his current role, Andy served as VP of FX Risk Management Solutions at Kyriba. On this episode, Andy discusses how to harness automation and smart analytics to run an effective corporate risk management program, the effects of inflation on markets globally, and being better prepared for the next crisis.

Inefficient payment processes inhibit supply chains, cash flow and profitability. The need to optimize cash and working capital, combined with the increasing threat of cybercrime and payments fraud, amplifies the need to centralize and...

Inefficient payment processes inhibit supply chains, cash flow and profitability. The need to optimize cash and working capital, combined with the increasing threat of cybercrime and payments fraud, amplifies the need to centralize and standardize corporate payments. A payments hub consolidates payment streams from ERPs, finance, treasury, legal, capital markets, and decentralized teams, transforming disaggregated processes into a single source of record for all outgoing payments. Kyriba’s Payments Hub centralizes payment activity, automating unnecessary tasks, enhancing controls through superior fraud detection and error handling, all while giving finance full control and visibility into the status of AP, treasury and other ad hoc payments. "It was simply unsustainable to continue logging in to each individual e-banking platform in order to approve payments. Kyriba offers us a single, consolidated point of access across all our bank accounts, [giving us] the ability to set up payments, define different payment types and to receive notification of pending approvals." — Andrew Nicholson, Graff Diamonds Benefits of a Payments Hub Implementing a payments hub delivers a wide range of value, simplifying and streamlining payment processes so treasury and finance leaders can focus on other strategic initiatives. The following examples are just a few of the benefits that a robust payments hub can offer treasury and finance teams: Controls & Visibility Centralizing payments enables complete visibility of outgoing cash flows so treasury can optimize cash balances and effectively deploy cash and manage liquidity. Enhanced Security Payments hubs can ensure a standardized set of controls, extra layers of authentication, audit trails and payment status reports. A payments hub can also offer AI-enabled, real-time screening. Format Transformation Via automation, payments are reformatted based on bank channel, payment type or receiving location. Cost Reducing the number of systems that connect to a bank eliminates substantial bank service fees and software costs. Global Bank Connectivity Payments hubs connect to all global banks with choices for communication protocols, including direct connection, country banking networks and SWIFT. Payment Routing When routing payments, flexibility matters. Payments hubs can support blind routing of preapproved, preformatted payments, and intelligent routing for payments that require additional approvals or format transformation. The Future of Payments Multi-channel payments hubs are the way of the future, with corporates soon to be presented with greater choice in B2B and B2P payment technologies. Kyriba’s is pushing the envelope with its Payments Hub, offering users all the latest capabilities: Payment workflow and controls to ensure that manual payments activities align to the organization’s payment policy and controls. APIs that require no files to be downloaded, enabling instant data transmission, including real-time payments and screening/fraud detection. A pre-built format library to meet the needs of every global bank, which require thousands of format variations. Integrated global bank connectivity to deliver out-of-the-box, API, SFTP/H2H and proprietary connections. Kyriba embeds our SWIFT Service Bureau capabilities in our banking connectivity. Two-way communication to include the receipt of payment status reports, acknowledgements, payment tracking, and bank statement reporting for status reporting and payment visibility. Payments intelligence reporting and easy, user-friendly dashboards to give you analytics, status, and data visualization for all payments. AI-driven Payments Fraud Detection to automate and digitize payment processes and detect anomalous transactions

Corporate treasury groups are being challenged with unprecedented scrutiny when it comes to the accuracy and quality of their forecasts. In this session, you will learn about many of the difficulties that organizations are...

Corporate treasury groups are being challenged with unprecedented scrutiny when it comes to the accuracy and quality of their forecasts. In this session, you will learn about many of the difficulties that organizations are facing both internally with process and data constraints, and externally with current market conditions and volatility.

Benchmarking is critical to evaluate and improve financial position and gain a competitive advantage. But many leaders don’t have a clear picture of where they stand - often due to time and resources constraints,...

Benchmarking is critical to evaluate and improve financial position and gain a competitive advantage. But many leaders don’t have a clear picture of where they stand - often due to time and resources constraints, or simply not knowing where to begin.

This episode features an interview with Alex Song, Head of Finance and Capital Markets at Ramp, a finance automation platform offering corporate cards and expense management so companies save time and money with every click.

*Accepting cookies will allow the podcast player to be displayed. Liquidity and Metrics that Matter to CFOs This episode features an interview with Alex Song, Head of Finance and Capital Markets at Ramp, a finance automation platform offering corporate cards and expense management so companies save time and money with every click. Alex is a Stanford engineer with an MBA from Harvard who has more than 10 years of experience as a hedge fund investor in structured credit, special situations, specialty finance, and fintech. Prior to Ramp, Alex worked in private credit and structured credit investing at Sculptor Capital Management and as Vice President of Crayhill Capital Management. On this episode, Alex discusses how Ramp identified their target market, risk management as a credit card issuer, and what it takes to be an efficient allocator of both financial and human capital.

The Kyriba July 2022 Currency Impact Report Reveals FX Impacts Surge to $24 Billion for Multinationals. ​North American corporations experienced a $14+ billion hit to their earnings, more than 200% single quarter spike in...

The Kyriba July 2022 Currency Impact Report Reveals FX Impacts Surge to $24 Billion for Multinationals. ​North American corporations experienced a $14+ billion hit to their earnings, more than 200% single quarter spike in headwinds. Download the CIR now to gain insights that will allow CFOs and risk managers to benchmark exposure and inform decision-making.

This episode features an interview with Sinohe Terrero, CFO at Envoy speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba.

*Accepting cookies will allow the podcast player to be displayed. A Fresh Perspective on Owning the Number and Driving Growth This episode features an interview with Sinohe Terrero, CFO at Envoy speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Sinohe discusses his #1 indispensable tech tool, how he identified and filled gaps in his resume to land him his current role as CFO, and how just because you have money doesn’t mean you have liquidity.

Enterprise Liquidity Management (ELM) has emerged as a new practice area within the CFO’s and treasury professional’s remit to manage and execute the entire lifecycle of corporate liquidity—a specialized capability traditional Treasury Management Systems...

Enterprise Liquidity Management (ELM) has emerged as a new practice area within the CFO’s and treasury professional’s remit to manage and execute the entire lifecycle of corporate liquidity—a specialized capability traditional Treasury Management Systems and ERPs are not able to deliver. The ELM concept a purpose-built, dedicated Enterprise Liquidity Platform has emerged as the software solution suite required to do so.

Global multinationals are experiencing sensitivity to currency headwinds and rising interest rates, causing market conditions that have not been seen in a lifetime. Uncertainty can leave companies feeling vulnerable and looking for expert analysis to help them navigate through the abyss.

Global multinationals are experiencing sensitivity to currency headwinds and rising interest rates, causing market conditions that have not been seen in a lifetime. Uncertainty can leave companies feeling vulnerable and looking for expert analysis to help them navigate through the abyss.

Leverage Artificial Intelligence to increase cash forecasting confidence and accuracy Kyriba Cash Management AI empowers treasurers and finance leaders to make smarter business decisions by improving cash flow forecasts with artificial intelligence. Cash Management...

Leverage Artificial Intelligence to increase cash forecasting confidence and accuracy Kyriba Cash Management AI empowers treasurers and finance leaders to make smarter business decisions by improving cash flow forecasts with artificial intelligence. Cash Management AI organizes and leverages data so organizations can make forecasting decisions faster, easier, more accurately, and more consistently. Automated Forecasting Organizations can expect to increase the accuracy of their short-term forecasts due to Kyriba Cash Management AI’s artificial intelligence and confidence adjustment features: • The module will automatically learn from the history of cash flows stored in the Kyriba platform to continuously improve inflow projections over time • Users can adjust and optimize the cash cushion to minimize the expected cost of liquidity based on organizational risk policies Powered by Business Intelligence The Cash Management AI offers a set of clear visual cash forecasting dashboards that can be customized for your organization’s needs. Features include the following: • Calculated cash budget and forecasted cash balance over the considered time horizon • Predicted inflows and confirmed outflows reporting • Data filters, e.g. country and currency, to focus the forecasting exercise User-Selected Confidence Level The Cash Management AI offers a simple slider control for users to make real-time forecast adjustments selecting the right confidence level based on the organization’s risk profile and policy. A backtesting report allows the treasurer to continuously control the effective accuracy of predictions. Seamless Integration The Cash Management AI uses predictive analytics that leverage cash data already available within the Kyriba platform. The calculation of the cash budget with a high level of confidence empowers the Treasurer to make safe business decisions on invoice payments, credit facility drawdowns and investment of cash reserves. Liquidity Innovation With artificial intelligence and machine learning at the heart of the solution, Kyriba Cash Management AI uses historical data stored within the Kyriba platform to make predictions. Predictive power increases as the machine learning algorithm is trained and learns from new data and information patterns. Kyriba Cash Management AI harnesses data and modernizes forecasting technology to increase forecasting accuracy, reduce financial costs, and optimize liquidity to drive financial growth.

Kyriba's cloud platform delivers treasury, risk management, payments and working capital solutions supported by real-time connectivity. Watch this video to see an overview of how our products support our 2,000+ corporate customers manage their...

Kyriba's cloud platform delivers treasury, risk management, payments and working capital solutions supported by real-time connectivity. Watch this video to see an overview of how our products support our 2,000+ corporate customers manage their liquidity and unlock value.

From inflation to supply chain disruptions to payments fraud, CFOs face many challenges. Kyriba provides finance chiefs with enterprise visibility, efficiency and security. That's why 65,000 users put their trust in Kyriba. We prepare...

From inflation to supply chain disruptions to payments fraud, CFOs face many challenges. Kyriba provides finance chiefs with enterprise visibility, efficiency and security. That's why 65,000 users put their trust in Kyriba. We prepare you for change.

Join Kyriba's Brian Blihovde as he leads a panel discussion with Cenveo's Ben Seal and CoreSpace's Alex Basto, both of who delivered positive results by expanding Treasury's roles as a business advisor to the...

Join Kyriba's Brian Blihovde as he leads a panel discussion with Cenveo's Ben Seal and CoreSpace's Alex Basto, both of who delivered positive results by expanding Treasury's roles as a business advisor to the finance function.

Join Bank of America's Alex Yang and Kyriba's Bob Stark for a lively discussion on connected banking, API's and the future of banking integration for corporates.

Join Bank of America's Alex Yang and Kyriba's Bob Stark for a lively discussion on connected banking, API's and the future of banking integration for corporates.

Join Christopher Lynn from Lifespace Communities and Ken Cavazzi and Peter Simpson from KyribaLive Platinum Sponsor, Nitor.

Join Christopher Lynn from Lifespace Communities and Ken Cavazzi and Peter Simpson from KyribaLive Platinum Sponsor, Nitor.

Due to currency volatility and an internal drive for greater efficiency, Wahl Clipper recognized an opportunity to reduce currency risk and eliminate costs from their FX programs with an intercompany netting program.

Due to currency volatility and an internal drive for greater efficiency, Wahl Clipper recognized an opportunity to reduce currency risk and eliminate costs from their FX programs with an intercompany netting program.

Join 2021 AFP Pinnacle Award Winner HCSC to discuss how and why they transformed to become a data-driven treasury operation to support an overall business transformation.

Join 2021 AFP Pinnacle Award Winner HCSC to discuss how and why they transformed to become a data-driven treasury operation to support an overall business transformation.

Join Treasury leaders as they discuss and answer questions related to driving impactful decision-making that creates value and positive results for the overall finance function.

Join Treasury leaders as they discuss and answer questions related to driving impactful decision-making that creates value and positive results for the overall finance function.

Learn how Koch, one of America’s largest privately held companies, put technology to work to centralize Treasury functions and achieve strategic level maturity.

Learn how Koch, one of America’s largest privately held companies, put technology to work to centralize Treasury functions and achieve strategic level maturity.

Meg Waters, Editor in Chief of Treasury & Risk, a go-to source for senior finance executives for in-depth reporting and analysis, will discuss best practices with two award-winning treasurers from Sisecam and Cenveo Worldwide.

Meg Waters, Editor in Chief of Treasury & Risk, a go-to source for senior finance executives for in-depth reporting and analysis, will discuss best practices with two award-winning treasurers from Sisecam and Cenveo Worldwide.

Waste Management is the leading provider of comprehensive waste and environmental services in North America, headquartered in Houston, Texas.

Waste Management is the leading provider of comprehensive waste and environmental services in North America, headquartered in Houston, Texas.

Join the team at Spencer Stuart International (SSI) as they share their transformation journey using Kyriba as the cornerstone for a technical landscape involving global payments across 20 countries and full Workday integration.

Join the team at Spencer Stuart International (SSI) as they share their transformation journey using Kyriba as the cornerstone for a technical landscape involving global payments across 20 countries and full Workday integration.

Bojan Belejkovski, Director of Treasury at Ilitch Holdings, shares insight from his extensive experience in treasury and the importance of getting the fundamentals right, from best in class cash management to risk avoidance and...

Bojan Belejkovski, Director of Treasury at Ilitch Holdings, shares insight from his extensive experience in treasury and the importance of getting the fundamentals right, from best in class cash management to risk avoidance and working capital optimization.

Technology, regulation and the global business environment have resulted in a deeper look at banking structures surrounding the movement of intercompany cash and FX exposures culminating in a driving need for in-house banks (IHB).

Technology, regulation and the global business environment have resulted in a deeper look at banking structures surrounding the movement of intercompany cash and FX exposures culminating in a driving need for in-house banks (IHB).

This session will focus on how Adobe transformed their Treasury by implementing Kyriba and the critical role Deloitte played as implementation partner.

This session will focus on how Adobe transformed their Treasury by implementing Kyriba and the critical role Deloitte played as implementation partner.

In a recent survey, 73% of treasury professionals had to update cash forecasting models due to supply chain impacts. Over half of them were forced to manage new liquidity scenarios.

In a recent survey, 73% of treasury professionals had to update cash forecasting models due to supply chain impacts. Over half of them were forced to manage new liquidity scenarios.

From hybrid work and cybersecurity to enabling new business models and managing new reporting requirements Finance and IT leaders have a long list of priorities placing significant demands on their departments.

From hybrid work and cybersecurity to enabling new business models and managing new reporting requirements Finance and IT leaders have a long list of priorities placing significant demands on their departments.

Treasury is constantly in a state of flux as teams work to support the business in a dynamic market environment.

Treasury is constantly in a state of flux as teams work to support the business in a dynamic market environment.

Bray International found itself in spreadsheet chaos, with limited visibility into global cash positions, resulting in inefficient processes and needless borrowing.

Bray International found itself in spreadsheet chaos, with limited visibility into global cash positions, resulting in inefficient processes and needless borrowing.

Join us for the Launch of our New Offering “Kyriba Client Academy” and understand the nature of the services we will be providing for you to become a True Kyriba Champion and Subject Matter...

Join us for the Launch of our New Offering “Kyriba Client Academy” and understand the nature of the services we will be providing for you to become a True Kyriba Champion and Subject Matter Expert.

Join Treasury leaders from WeWork and Hunt Companies in a discussion on how new technology is continually being promoted to CFOs and Treasurers as the path to digital transformation, hyper-automation, and real-time business intelligence.

Join Treasury leaders from WeWork and Hunt Companies in a discussion on how new technology is continually being promoted to CFOs and Treasurers as the path to digital transformation, hyper-automation, and real-time business intelligence.

Giangaddo Prati, CFO and CIO of Barilla, discuses the evolving role of the CFO and Treasury in today's market with Andrea Delvo, Managing Director of Kyriba Italy. Prati shares his views on the unique...

Giangaddo Prati, CFO and CIO of Barilla, discuses the evolving role of the CFO and Treasury in today's market with Andrea Delvo, Managing Director of Kyriba Italy. Prati shares his views on the unique challenges of the food industry during supply chain disruptions, how Barilla is approaching the "new normal," and the factors behind choosing Kyriba to assist in managing their treasury needs. "Certainly the fact that Kyriba is an integrated platform for treasury, finance and service bureau solutions was a main factor driving our choice." Giangaddo PratiCFO and CIO, Barilla

Kelkoo Group, a leading e-commerce company, gained full control of their cash management and forecasting by utilising Kyriba's Active Liquidity Network. Here are some of the challenges Hilary Heah, Treasury Manager, was facing: Having...

Kelkoo Group, a leading e-commerce company, gained full control of their cash management and forecasting by utilising Kyriba's Active Liquidity Network. Here are some of the challenges Hilary Heah, Treasury Manager, was facing: Having to log into different banking portals Extracting and gathering the information manually risking inaccuracies Kyriba's tailored solutions allowed their treasury team to: Log into one platform to get a consolidated view Get better analysis of daily transactions and consolidated statements Get accurate cash forecasting allowing them to make better-informed decisions Watch the video to learn more.

Emerging technologies are changing the way finance functions operate, opening up new opportunities for treasury and enabling teams to deliver increased value to the organization. As a new decade emerges, executives are looking to...

Emerging technologies are changing the way finance functions operate, opening up new opportunities for treasury and enabling teams to deliver increased value to the organization. As a new decade emerges, executives are looking to artificial intelligence and machine learning as a means for enhancing overall operations.

Payables Financing Kyriba delivers ways for small and mid-size (SME) company buyers and their suppliers to mutually enhance and strengthen their supply chains and financial performance with payables financing that gives flexibility and faster...

Payables Financing Kyriba delivers ways for small and mid-size (SME) company buyers and their suppliers to mutually enhance and strengthen their supply chains and financial performance with payables financing that gives flexibility and faster access to inbound liquidity while often extending payment timelines for the buyer. Supply Chain Finance Kyriba has partnered with innovative funders who cater to SMEs in order to offer you Supply Chain Finance: an online, low-cost invoice financing solution for early payment to your suppliers. Kyriba recognizes there is a strong need for midsized businesses to improve working capital through increasing its days payable outstanding. Yet, in the current economic environment, many suppliers find it difficult to wait 45, 60 or even 90+ days to be paid on invoices when they need working capital to fulfill new orders. Realizing an increase in suppliers’ payment terms could jeopardize supply chain stability, Kyriba works to help mid-sized buyers improve their days payable outstanding, without putting financial strain on suppliers, via Supply Chain Financing, which is an arrangement through which the buyer can generate free cash flow while simultaneously helping the supplier with theirs as well.

Manufacturers are especially sensitive to currency headwinds and rising interest rates due to the complex nature of their operations. These shifting variables create uncertainty and can leave companies feeling vulnerable. Visibility into your complete...

Manufacturers are especially sensitive to currency headwinds and rising interest rates due to the complex nature of their operations. These shifting variables create uncertainty and can leave companies feeling vulnerable. Visibility into your complete financial position can help propel your business forward.

This episode features an interview with Paolo Tonucci, CFO at Marex speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba.

*Accepting cookies will allow the podcast player to be displayed. Practicing Defensive Finance Strategies This episode features an interview with Paolo Tonucci, CFO at Marex speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Paolo discusses how to reduce your vulnerability to currency hedging, staying on top of the latest and greatest in fintech platforms, and how to effectively secure accounts against emerging cyber threats. Return to The Invisible Vault

Kyriba Delivers Enhanced Insights into Your Exposure Management and Hedging Programs with Correlated VaR Analysis Kyriba’s FX Hedging with Correlated VaR provides corporate FX risk managers with analytics and decision support tools designed to...

Kyriba Delivers Enhanced Insights into Your Exposure Management and Hedging Programs with Correlated VaR Analysis Kyriba’s FX Hedging with Correlated VaR provides corporate FX risk managers with analytics and decision support tools designed to help optimize hedging programs to continuously hit portfolio VaR targets in the most cost-effective way. This is really a very handy tool. It is really what we currently ask the bank to do for us, which, and my preference would be, to be able to do it ourselves.” Finance Leader, FX Risk Advanced Correlated VaR Analytics and Decision Support Kyriba’s Correlated VaR Analytics builds and expands upon Kyriba’s award-winning Exposure Management Solutions which automate the aggregation and calculation of our customer’s FX exposures. Now, Correlated VaR Analytics provides push-button insights into correlated Value at Risk across the currency pairs within your portfolio of exposures. With these expanded and greater insights, our customers make cost-conscious decisions on the specific currency pairs to hedge to achieve and meet portfolio risk targets. Kyriba’s FX Exposure and Risk Management solutions put control and insight at your fingertips with dashboards clearly showing your exposures and hedging opportunities across various risk parameters. Portfolio VaR Analysis – Create portfolio views or dive into targeted gross/net exposures while considering the cost of a hedge across specific currency pairs, portfolios 1,000 simulations are automatically run, to determine the top ten hedging scenarios that Risk Managers can analyze to determine what currency pairs to hedge and what the resulting net exposure and portfolio VaR will be Identify strategies to reduce costs and improve the efficiency of your exposure management and hedging programs Decision Management – User-defined parameters and filters enable you to apply different criteria to define how you want to manage to trade various currency pairs allowing you to support multiple exposure management and hedging strategies Trade – Enter & execute FX trades to deliver on your planned actions using Kyriba’s ability to automatically push trades to trading platforms such as FXall, 360T and Bloomberg Extensive reporting of exposure and balance components through detail & pivot reports All information contained herein is provided “as is” without a warranty of any kind and for promotional or informational purposes only. The information is not to be relied upon as a professional opinion in any manner whatsoever. The information contained in this fact sheet shall not be construed as professional advice and is not guaranteed to be accurate, complete, reliable, current or error-free. You accept and agree that following any information or recommendations provided within this fact sheet is at your own risk. Benefits at Your Fingertips • Advanced Correlated VaR Analytics brought in-house for more cost-effective hedging management & control • VaR correlations help optimize costs of your hedging program • Understand & lower your cost of hedging through better self-identification of opportunities • Optimize cost effectiveness of your hedging program • Increased competition across your banking / service providers • Optimize currency pairs to hedge, reduce trade volume • Multiple system-provided options for selecting hedging levels, confidence levels • Enter trades directly from the FX Risk Analysis menu set

In 2020, Cooke Aquaculture introduced Cooke Bank as a concept for centralizing its global liquidity and FX exposure. Between October 2020 and April 2021, a multi-layered, fully tax and transfer pricing compliant In-house Bank...

In 2020, Cooke Aquaculture introduced Cooke Bank as a concept for centralizing its global liquidity and FX exposure. Between October 2020 and April 2021, a multi-layered, fully tax and transfer pricing compliant In-house Bank (IHB) Solution was configured in Kyriba with a fully automated current-account relationship between treasury and operating units. “The primary goal of the in-house bank model was to internalize as many transactions as possible using the resources available in order to unlock liquidity.” Onaolapo Badejoko Treasury Risk Manager, Cooke Aquaculture Inc. Cooke Aquaculture has a robust growth strategy, including acquisitions and ongoing strategic search for development opportunities. The company’s global operations journey resulted in the need for Cooke to develop a Treasury function that would make cash a corporate resource across the enterprise and unlock liquidity. “Our in-house bank success story has led to a lot of cost savings. In terms of the payment factory rollout where all payments flow into one location, we now have control over when and how to pay, as well as over who gets paid. This has led to economies of scale, payment process efficiency, and full control over liquidity, group-wide.” Onaolapo Badejoko Treasury Risk Manager, Cooke Aquaculture Inc. Key Challenges with Legacy Processes: • Decentralized Cash Management • Decentralized & manual payment processing • Poor access to surplus cash balances • Complex, manual processing of intercompany liabilities • Multi-layered fiscal structure • Decentralized FX Management Objectives of In-house Bank Project • Implement tax compliant, multi-layered in‑house bank structure • Unlock otherwise trapped liquidity • Reduce number of cash management banks and bank accounts • Real-time, multi-currency liquidity management • Reduction in transaction costs / external money flows • Integration with ERP to support payments • Centralization of FX exposure management • Robust management and tax reporting “Cooke’s in-house bank promotes centralization and standardization of payment processes while enhancing controls. Their streamlined payment process reduced costs, improved cash liquidity and visibility, and minimized risk while increasing productivity.” Craig Chapman Senior Manager, Actualize Consulting Key Take-aways for successful in-house bank implementation Timing » Engaged early with internal accounting, tax and legal teams » Sequencing workflow efficiently was critical for Cooke’s successful implementation Standardization » Simple structures from an implementation, adoption and performance standpoint resulted in 100% accurate and automated accounting and reconciliation » Implemented a standardized process across all entities Clarity » Established clear project roles and responsibilities » Set a roadmap, project plan and stuck to deadlines and due dates Integration » ERP integration eliminated excessive manual input » Unlocked 20% of full-time employees in the financial shared service center for more strategiclevel work Successful in-house bank and payment factory implementation delivers multiple benefits In-House Banking • Administration of intercompany (cash) liabilities • Cooke Bank is the liquidity provider of the whole group Payment Factory • Payment process efficiency • Control over WHEN and HOW to pay or get paid Additional Synergies • Cooke Bank becomes the perferred “banking partner” of affiliates • Reduced bank fees   About Cooke Aquaculture Cooke Aquaculture Inc. is a vertically-integrated family company based in Blacks Harbour, New Brunswick, Canada with salmon farming operations in Atlantic Canada, the United States (Maine and Washington), Chile and Scotland, as well as seabass and seabream farming operations in Spain.

At KyribaLive 2022, David Deranek presented the following business case review that resulted in HCSC’s Technology Transformation and being awarded the 2021 AFP Pinnacle Award Grand Prize. “By elevating all these data proficiencies, treasury...

At KyribaLive 2022, David Deranek presented the following business case review that resulted in HCSC’s Technology Transformation and being awarded the 2021 AFP Pinnacle Award Grand Prize. “By elevating all these data proficiencies, treasury would be better able to make strategic decisions, using data to analyze the effectiveness of financial decision making. This would give treasury a bigger influence in the business enterprise, therefore making our treasury organization a true and dynamic strategic partner to the business.” David Deranek, Director of Treasury, HCSC The Mission: Use Data to Become an Agent of Change In 2018, HCSC’s treasury team embarked on a multi-year project and began operating under a new organizational mandate to provide an elevated level of strategic guidance to the CFO, Treasurer and Board of Directors. Treasury was given the opportunity to become an agent of change and an integral part in running the company’s operations by leading an enterprisewide transformation project: Deliver real-time BI analysis and unlock idle liquidity to better prepare the company to take action when a crisis hits. In order to do this, treasury initiaited a digital transformation project to unlock efficiencies and drive the business to profitability. The objectives were: Increase productivity Become more data-driven Increase business value “We realized every single aspect of the business was swimming in data, so as an organization we began asking “how can we think better with this data and how can we make better decisions as treasury professionals with this data” David Deranek, Director of Treasury, HCSC Become More Data-Driven by Upgrading Skills, Process Efficiencies, and Automation Technology In 2016, Kyriba’s TMS was implemented to centralize treasury functions. This first phase resulted in a more effective and productive treasury, but multiple independent financial platforms outside the TMS still existed, and data was siloed. HCSC knew they needed to unify these platforms to harnass all the data and drive more informed decisions. The Three Year Plan With Treasury’s mission in mind—to deliver strategic financial guidance , improve decision making, and increase agility to respond to new crises — HCSC set into motion a three year plan for data transformation. Year One Engage leadership with their teams and make recommendations for opportunities Maximize use of an in-house developed Treasury Enterprise Analytics & Reporting (TEAR) System Reallocate and repurpose staff resources for new strategic treasury functions Year Two Develop a maturity & capability scorecard Find production, process, and automation efficiencies Turn HCSC’s Treasury function into a true strategic consultancy Year Three Platform Optimization of TMS and interconnectivity to satellite treasury systems Bringing It All Together: Data Unification The Project to drive business intelligence and data-driven decision making was all connected into a home-grown tool called TEAR (Treasury Enterprise & Analytics Reporting) A data warehouse, consolidating data from disparate treasury system platforms API-enabled framework to integrate and unify external data sources Business intelligence & visualization solution, taking existing reporting framework from a system of record to a system of insight A treasury network (internal and external) to support treasury, forecasting, investment, accounting, actuarial, and corporate strategy teams Positive Business Outcomes Reduced VaR by Over 50 Percent in One Year Despite Significant Market Volatility. 97 Percent Real-time Visibility of Group Exposures. Visibility — 100% of enterprise cash, liquidity, financial exposures Investments — Unlocked $9B in investable capital for $40M/$155M in returns (doubling investment income) Forecasting — Reduced Tier 1 idle cash from $4.0B to $25M (90%) Responsiveness — Provided the ability to quickly pivot as Covid pressures required Productivity — Repurposed positions to assignments supporting new strategic functions. Technology did not eliminate jobs but gave people better ones!   The $320M Result Driving increased work satisfaction and career improvement for treasury personnel, Treasury directly added over $320 Million of value to HCSC’s bottom line. ABOUT HCSC HCSC is the 5th largest healthcare insurer in the U.S., operating as Blue Cross Blue Shield in Illinois, Texas, Montana, Oklahoma, and New Mexico in addition to 30+ operating subsidiaries, with 16 million health plan members and 24,000 employees.

“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith, Assistant Director of Finance, Delaware...

“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith, Assistant Director of Finance, Delaware Life Before Kyriba • Legacy TMS provider riddled with many problems • Limited support, heavily manual Kyriba Modules Adopted: • Cash Accounting • Payments • Cash Forecasting • Bank Analysis Positive Business Outcomes: • Reports that used to take 15-20 minutes a day to generate - out of each bank portal - now are instantaneous • Roughly 50 reports per day are now automated, saving multiple analysts hours of work • Hundreds of transactions per day are now auto reconciled “One of the best things about Kyriba is the customer service. Every time I get on the phone, somebody picks up, and immediately we get attention. I can't stress how important that is for us. In treasury, everything is right now. If you have an issue, you need it done in an hour. We can 100% count on Kyriba to be there.” Joel Smith Assistant Director of Finance, Delaware Life

APIs are one of the most talked about technologies in 2022, as finance leaders look to make their treasury and payments operations more real-time and responsive to market volatility. APIs are critical to the...

APIs are one of the most talked about technologies in 2022, as finance leaders look to make their treasury and payments operations more real-time and responsive to market volatility. APIs are critical to the future of bank connectivity, yet they offer significantly more value than connecting treasury and ERPs to banks.

Currency volatility, rising inflation, increasing interest rates and the strong USD are causing a lot of headaches for Corporate Risk Managers.

Currency volatility, rising inflation, increasing interest rates and the strong USD are causing a lot of headaches for Corporate Risk Managers.

Kyriba now provides a flexible and seamless way to purchase professional service hours in bundled packages, providing cost savings and efficiency to accelerate time-to-value of consulting engagements. Ideal For: Organizations with ambitious treasury digitalization...

Kyriba now provides a flexible and seamless way to purchase professional service hours in bundled packages, providing cost savings and efficiency to accelerate time-to-value of consulting engagements. Ideal For: Organizations with ambitious treasury digitalization roadmaps, or foresee organizational growth Treasury and Finance Departments with a strict, predefined budget Resource-constrained organizations Companies who have high or immediate demands for Professional Service hours where time-to-delivery is crucial VAS Packages are more flexible and can be used towards projects such as: Implementation of new modules or new bank connections New payment connections or additional payment scenarios Customized 1:1 training for existing or new users Customized report creation Complex configuration changes in existing set-up or live modules Process reviews and workflow optimization Much more! Request to Resource Assignment in Just 72 Hours Typical Change Orders can take 3-4 weeks to flow through legal and finance teams before a Professional Services resource is assigned, and they often expire before work is completed. VAS Packages eliminate the need for Change Orders and provide near-immediate engagement without billing or contractual hurdles. Speak to your Account Manager for rates. 12 Months to initiate service request; 15 months to complete service delivery. No rollover of hours. Hours consumed in 30 minute increments. No customization of packages available & no discounting of rates within packages. Fixed Fee with 100% due upon signature. Read more Budget Once. Pay Once. Use Anytime. VAS Packages are an alternative path to Change Orders, giving customers greater flexibility in budgeting and resource allocations, and will accelerate time-to-value of consulting engagements. They DO NOT replace Kyriba Support.

Kyriba has established a structured Value Engineering approach as part of its client engagement methodology to ensure customers have a clear path to successful business outcomes. The Value Engineering process starts at the initiative...

Kyriba has established a structured Value Engineering approach as part of its client engagement methodology to ensure customers have a clear path to successful business outcomes. The Value Engineering process starts at the initiative evaluation phase and remains active throughout its lifecycle to ensure clients are realising the full potential and return of their Kyriba investment. The Value Engineering process is designed to help client organizations identify, understand, justify and realize business value from key cash and treasury management processes digitally enabled by Kyriba solutions. Value Engineering is offered to select customers on a complimentary basis as a way to ensure agreed to business outcomes are achieved. The Kyriba Value Engineering team deploys over 200 customized client engagements annually. The three phases of the Kyriba Value Engineering methodology are: Value Discovery, Value Monitoring and Value Realization. The Kyriba Value Engineering Lifecycle Value Discovery Conducted early in the evaluation process. During this phase, Kyriba Value Engineering will work collaboratively with client teams, including an executive sponsor and key cash and treasury stakeholders, to identify key challenges, select and prioritize improvement opportunities, design the optimal solution, and develop a case for change, including financial returns, investment requirements and strategic benefits the organization can expect. Value Monitoring Post implementation, Kyriba will work with clients to define key success criteria, including leading and lagging indicators, adoption best practices to ensure they are achieving the business benefits they have agreed to during the Value Discovery phase. Value Monitoring engagements are designed to be short in duration and typically deployed once or twice a year, depending on customer preferences. Monitoring cadence typically takes place quarterly or semi-annually, depending on organizational preferences. Value Realization This phase is designed to help Kyriba clients evaluate success achieved, document best practices and business benefits, and identify the next cash and treasury management opportunities that need to be pursued to accelerate value creation. Read more To ensure each Value Engineering engagement is executed efficiently, Kyriba has invested in expert resources with deep management consulting, business process transformation, industry, finance, and treasury management experience. The team also uses state-of-the-art tools and processes to ensure relevant content, including financial benchmarks and industry best practices, is leveraged during each phase of the Value Engineering lifecycle.

CFOs, Treasurers, Risk Managers, alike “don’t know what they don’t know” about their foreign currency exposure data.

CFOs, Treasurers, Risk Managers, alike “don’t know what they don’t know” about their foreign currency exposure data.

Real-Time Payments accelerate liquidity, improve security and optimize costs for finance teams. Real-time payments are a game changer for corporate finance teams who require more choices in how they optimize payments and liquidity. What...

Real-Time Payments accelerate liquidity, improve security and optimize costs for finance teams. Real-time payments are a game changer for corporate finance teams who require more choices in how they optimize payments and liquidity. What Are Real-Time Payments or Instant Payments? The terms “fast”, “faster”, “real-time” and “instant” are often used interchangeably to describe new payment options. These terms generally apply to payments using modern payment infrastructures in which the transmission of the payment message and the availability of ‘final’ funds to the payee occur in real time or near-real time as near to a 24/7 basis as possible*. Payment infrastructures supporting these options are generally domestic and sometimes regional in nature. Corporates can access these payment options via APIs or FTPs. One or more of following payment formats are available to support real-time payments: • JSON • ISO 20022 XML • Fixed formats • CSV formats Kyriba’s Global Support for Real-Time Payments As of Q2 2022, Kyriba customers globally are initiating real-time payments from 35 countries to over 90 destination countries. Thanks to Kyriba’s industry leading APIs and flexible format library with 50,000 formats, customers have multiple options to access real-time payment infrastructures without the need to worry about integration complexity. Kyriba is being actively used by customers for real-time payments across all major markets: • Americas (USA, Canada, Brazil, Mexico) • SEPA countries (over 25 countries supported) • Asia (Singapore, Japan, Thailand, Australia, Hong Kong) Real Business Use Cases Bring Tangible Benefits Time-sensitive payments such as emergency payroll, disaster relief, and AP exception payments are executed by Kyriba clients in industries such as distribution and logistics. These payments often replace more expensive Wire payments resulting in material operational cost reduction. Intercompany transfers are low risk and a common use case. Several Kyriba customers have enabled efficient deployment of working capital across their subsidiaries using the domestic/regional real-time payment option. Instant insurance claims disbursement is a typical example of improving customer experience with real-time payments, where clients are focusing on enabling service innovations via real-time payments instead of focusing just on cost reduction. Requesting real-time payments is also becoming more common, where suppliers embed real-time payment instructions within an email to simplify the invoicing process, either to encourage early payment or to accelerate late payments. What Kyriba Clients Use Real-Time Payments For Working Capital Optimization • Intercompany Transfers • Delay Payments (as late as possible) • Request for Payment Risk Reduction • Payroll Exception Payments • Emergency Supplier Payment • Disaster Relief Payments Cost Reduction • Wire, Card Displacement • Check Displacement • Straight-Through Processing Industry Specific Use Cases • Insurance Claims Disbursements • Instant Returns Processing • Request for Payment Real-time payments will become the standard for domestic and cross-border payments, accelerating liquidity globally for finance teams and their value chains. Kyriba will help you navigate through the real-time payments use cases that you can most benefit from: www.kyriba.com Read more  The Benefits of Adopting Real-Time Payments • Improved supplier relationships • Control over working capital • Increased security • Improved ROI • Immediate settlements • Non-repudiation * Committee on Payment and Settlement Systems (2016)

Hunt Companies is at the forefront of the Real-Time Payments (RTP) movement. Adopting the technology to lower bank wire fees and reducing the time spent correcting rejected payments has already provided significant gains in...

Hunt Companies is at the forefront of the Real-Time Payments (RTP) movement. Adopting the technology to lower bank wire fees and reducing the time spent correcting rejected payments has already provided significant gains in both hard and soft savings. “I am very happy to be pioneering Real-Time Payments with Hunt Companies, as I want us to be there when it is widely accepted by more banks and not have to play catch up. It benefits every business line across the organization as we can reduce bank fees substantially on payments.” David Miller, Treasurer & Sr. Vice President, Hunt Companies Key Challenges: The volume of payments processed by Hunt Companies monthly resulted in significant bank fees. With wire transfers, often the rejection notification of the payment would come hours – even days – after the payment was shown as complete. Significant time was spent by the department to research and resend failed payments. Real-Time Benefits of Real-Time Payments Reduces bank fees from $6 on average for a wire transfer to less than $1 for RTP, with a potential for much greater savings as more banks are added An impactful number of productivity hours gained per month by Hunt’s finance team no longer needing to research and re-issue failed wire payments In just 3 months, Hunt Companies has seen a 375% increase in number of payments using RTP month-over-month, a number expected to grow exponentially as more banks are added and transaction size limits are increased. While currently less than 10% of Hunt’s payments are made using RTP, transaction size limits were only recently raised to $1M, already making an impact for Hunt. David Miller, Hunt’s Treasurer & Sr. Vice President, is eager to see the transaction limit continue to increase and more banks adopt RTP. The Hunt® trademark is registered to its respective holder and use of the trademark does not imply any affiliation with Kyriba or Real-Time Payments (RTP). To the best of our knowledge, the information contained herein is accurate and reliable; however, we do not assume any liability whatsoever for the accuracy and completeness of the above information and make no warranties which extend beyond the description contained herein. Any information given in this statement does not constitute any warranty of merchantability or fitness for a particular use.

“During our implementation, we took the Big Bang approach of replacing our previous TMS, Payment Factory and many home-grown tools all at once. On Day 1 of “Go Live” we were successful in connecting...

“During our implementation, we took the Big Bang approach of replacing our previous TMS, Payment Factory and many home-grown tools all at once. On Day 1 of “Go Live” we were successful in connecting to our banks and making payments in over 20 currencies, with more than 250 users trained in 18 countries.” Scott PaulyTreasury Manager and Implementation Lead, Ingram Micro Inc. Day 1 Implementation Success Bank connections and payments in over 20 currencies Cash Management and Forecasting modules deployed for real time cash positioning and In-House Banking structure FX transactions seamlessly feeding from trading application Loan facilities and investment trading All data feeding upstream to financial reporting applications for enterprisewide visibility 250 users in 18 countries trained and operational at Go-Live for enterprisewide visibility   “Ingram Micro won the Implementation of the Year award for making the FX lifecycle into something that takes minutes per day instead of hours, and for making this highly complex and error prone process into something that runs like clockwork.” Leslie SlaterFounding Principal, 3PO Consulting, LLC

Hear first-hand from Kyriba clients how treasury transformation was realized through Kyriba’s innovation, technology and support. Treasury leaders at Specialized Bicycle Components, HealthCare Services Corporation, Cenveo Worldwide, Koch Industries, and LifeSpace Communities share their...

Hear first-hand from Kyriba clients how treasury transformation was realized through Kyriba’s innovation, technology and support. Treasury leaders at Specialized Bicycle Components, HealthCare Services Corporation, Cenveo Worldwide, Koch Industries, and LifeSpace Communities share their key challenges prior to implementing Kyriba, and highlight positive business results achieved with Kyriba.

In this session you will learn the importance of giving suppliers access to liquidity on a consistent basis, particularly when we’re seeing constant disruption in the supply chain. While Dynamic Discounting can be a...

In this session you will learn the importance of giving suppliers access to liquidity on a consistent basis, particularly when we’re seeing constant disruption in the supply chain. While Dynamic Discounting can be a good solution, historically it’s been buyer focused and on again, off again, which is not always friendly to suppliers.

In this session you will learn how to supercharge your bank onboarding experience with our speakers providing input from the Client, Implementation and Technology sides of the puzzle. Learn how to leverage Kyriba’s capabilities...

In this session you will learn how to supercharge your bank onboarding experience with our speakers providing input from the Client, Implementation and Technology sides of the puzzle. Learn how to leverage Kyriba’s capabilities and scale to quickly access bank reporting and complete payment testing.

This is a special episode focused on payments. We’re getting inside the minds of top CFOs and Treasurers to find out how they’re handling payments in this ever-changing financial landscape. We’ll hear from Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Katherine Edenbach, CFO at Emburse, Benjamin Seal, Vice President of Treasury Services at Cenveo, and more, including some bonus content from Michelle Richardson, SVP and CFO at Plaza Home Mortgages.

*Accepting cookies will allow the podcast player to be displayed. The Impacts of Faster Payments in Finance This is a special episode focused on payments. We’re getting inside the minds of top CFOs and Treasurers to find out how they’re handling payments in this ever-changing financial landscape. We’ll hear from Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Katherine Edenbach, CFO at Emburse, Benjamin Seal, Vice President of Treasury Services at Cenveo, and more, including some bonus content from Michelle Richardson, SVP and CFO at Plaza Home Mortgages. Return to The Invisible Vault

Kyriba Premium Support provides a more advanced level support for Kyriba clients looking to further enhance the user experience and receive proactive response to support issues. The primary features of Premium Support is the...

Kyriba Premium Support provides a more advanced level support for Kyriba clients looking to further enhance the user experience and receive proactive response to support issues. The primary features of Premium Support is the assignment of a designated Support Account Manager as well as a comprehensive dedicated monitoring approach. Kyriba Premium Support provides a level of personalization that matches each client’s individual needs, providing access to the right information at the right time, a more optimized use of Kyriba, and time and resource savings through proactive monitoring Kyriba Premium Support Key Features: • 24/5 support access in Asia, Europe and North America • Designated Support Account Manager (SAM) • Regular service review meetings with the SAM • Proactive monitoring and alerts of bank connection status, payments and variances • Comprehensive KPI reports • Yearly overview of the new features delivered by Kyriba • Priority call Extended Support Coverage Kyriba Premium Support provides extended support coverages, giving access to all of Kyriba’s global support centers across North America, EMEA and Asia. This enables: • 24×5 support, eliminating the need to submit tickets in the organization’s primary market. • 24×7 Client Support Portal access that includes the ability to manage cases. • Access to the support knowledge base. Enhanced Support And Case Management Kyriba Premium Support subscribers benefit from a designated Support Account Manager (SAM), an experienced and highly-trained resource with advanced knowledge of the Kyriba application and the client’s individual Kyriba environment and processes. The SAM provides proactive management of all support requests, coordinating case escalations to ensure the quickest possible resolution. Cases are simultaneously submitted to the SAM and Kyriba’s general support queue for greater visibility and speed to solution. Dedicated Monitoring Kyriba Premium Support provides subscribers an invaluable service for companies wishing to outsource their monitoring functions and optimize internal resources. Dedicated Monitoring includes: • Monitoring the delivery of bank statements, bank connection status and cash balance variances • Payment monitoring to ensure that payments are sent and processed successfully by the banks • Personalized monitoring schedule, adapted for each client, providing proactive alerts each time a potential issue is detected Why Kyriba Premium Support? Kyriba Premium Support addresses the needs of companies using Kyriba for our award-winning Treasury, Payments and Supply Chain Financing solutions, and looking for a more advanced support package that includes: • Assignment of a designated Support Account Manager for dedicated support and a point of escalation • Proactive monitoring and alerts of bank connection status, payments and variances

*Accepting cookies will allow the podcast player to be displayed. CFOs as Agents of Change This episode features an interview with Aneal Vallurupalli, CFO at Airbase, talking to The Invisible Vault host Daniel Shaffer,...

*Accepting cookies will allow the podcast player to be displayed. CFOs as Agents of Change This episode features an interview with Aneal Vallurupalli, CFO at Airbase, talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Aneal addresses the impact that the pandemic had on the finance world, the importance of holistic data in finance, as well as how the current role of the CFO is changing. Return to The Invisible Vault

State and local government entities, as well as governmental agencies across the country, are experiencing a drastic increase in payments fraud, which has resulted in millions of dollars in losses. For government offices looking...

State and local government entities, as well as governmental agencies across the country, are experiencing a drastic increase in payments fraud, which has resulted in millions of dollars in losses. For government offices looking to streamline their payments, prevent fraud and stay out of headlines, the need for a robust cybersecurity strategy is imperative. Government entities at all levels must realize without adequate payment fraud controls, banks and cybersecurity insurance may not cover losses and related litigation. Governments who are experiencing payments fraud are seeing a number of different deception tactics from cybercriminals to gain access to their liquidity. Often posing as an internal employee or an external vendor, fraudsters are deploying threats such as: Social Engineering The use of deception to manipulate individuals into divulging confidential or personal information that may be used for fraudulent purposes. Impersonation Fraudulent cybercriminal(s) pretending to be a vendor, manager or executive to make a payment request or to change banking instructions. Business Email Compromise (BEC): A request made via email to send, change or update payment instructions. Deepfake When a cybercriminal uses video, photo, audio or voice to alter their identity and impersonate a company employee to send payments. Public sector treasury departments have a lot at stake when a payments fraud attempt is successful. From the loss of funds to reputational risk and unfavorable press to banks viewing them as highrisk clients, fraud can do massive damage to a government agency. Furthermore, organizations don’t have as much protection as they might think. Banks are under no obligation to cover any client losses unless the bank itself was breached. And cyber insurance doesn’t always cover payments fraud, as some recent cases have shown. As for technology, treasury and accounts payable teams often do not have end-to-end fraud prevention tools in place to standardize their payments policies and procedures. When building payment workflows, it is important to consider how internal processes will actively work to mitigate payments fraud and fraudulent invoicing to prevent examples of payment control breakdowns that lead to fraud like the following: As cybercriminals continue to target government entities with seemingly high success rates of payments fraud, organizations should look to leverage robust, end-to-end payment and fraud prevention modules to automate and solidify their payments fraud strategy. Kyriba provides governmental agencies the ability to centralize and detect potential fraud in real time, stopping suspicious payments in their tracks. The module utilizes a rule-based, machine learning model to comply with internal policies, and provide alerts and anti-fraud controls for users to immediately detect possible fraudulent payments for investigation, based on identified anomalies compared to payment history and fraud patterns. For more insights. Visit Kyriba’s public sector or payments page.

On-Demand, On Your Time. Kyriba has elevated technology for CFO’s and Treasurers around the world. Join us for a deep dive into the NEW Kyriba Treasury, Payments & Risk Platform. With brand new User...

On-Demand, On Your Time. Kyriba has elevated technology for CFO’s and Treasurers around the world. Join us for a deep dive into the NEW Kyriba Treasury, Payments & Risk Platform. With brand new User Experiences, embedded analytics and visualizations and next wave connectivity strategy with Award Winning API’s, Kyriba is helping customers realize real-time liquidity.

Up to 90% of CFOs and CIOs report payments and financial fraud attempts, and cyber threats are growing more complex with intelligent technology. That makes proactive fraud detection and response programs a top priority...

Up to 90% of CFOs and CIOs report payments and financial fraud attempts, and cyber threats are growing more complex with intelligent technology. That makes proactive fraud detection and response programs a top priority for CEOs and their boards.

Dana Farber Cancer Institute implemented Kyriba after years of operating cash management and accounting in an ad hoc manner: Doing what was necessary but relying on significant manual processes and disparate systems. Behind their...

Dana Farber Cancer Institute implemented Kyriba after years of operating cash management and accounting in an ad hoc manner: Doing what was necessary but relying on significant manual processes and disparate systems. Behind their industry peers in process maturity, Dana Farber worked with Kyriba to quickly change all that. “In all these areas we've grown from all manual based to full automation, providing 100% visibility for strategic decision making. We are looking at realtime and on-demand cash visibility for a strategic cash forecast we can continually fine-tune.” Gerry DiStefano, Director of Treasury, Dana Farber Cancer Institute Key Challenges: Heavy manual, excel-based model resulted in excessive, unstructured and disparate functions in Treasury and Accounting. Limited visibility into cash positioning within their ERP and across the organization, as updates were only done at the end of the month. Strategic decision-making was near impossible without real-time cash positioning and forecasts. Positive Business Outcomes from Kyriba: Fully automated, insight-driven processes resulting in 228 hours per month saved - an 83% productivity improvement across the organization. Kyriba is capturing 98.4% of accounting activities, with 82% of accounting rules mapped. $925K in annual value realized in cash optimization and productivity Value Realization: 228 Hours Per Month Kyriba’s Value Realization Assessment (VRA) enabled Dana Farber Cancer Institute to provide the current state review post Kyriba deployment, resulting in 83% productivity improvement, including but not limited to: Cash Accounting & Reconciliation: 121 hours saved per month (81% improvement), plus 100% productivity improvement on reporting and posting inter-company cash transactions, financial transactions and month-end market valuations Daily Cash Positioning: 58 hours saved per month; 92% improvement Short and Long Term Cash Forecasting: 49 hours saved per month; 82% improvement “It’s nice to be in the strategic performance sector with benefits realized across the organization.” Gerry DiStefano, Director of Treasury, Dana Farber Cancer Institute Annual Hard Savings of $652K Increased interest income by nearly $215,000 annually Improved strategic business investment to $437,500 annually

Currency headwinds grew by 215% to nearly $7 billion in Q4 2021 according to the latest Currency Impact Report (CIR), which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based...

Currency headwinds grew by 215% to nearly $7 billion in Q4 2021 according to the latest Currency Impact Report (CIR), which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe.

“I am awed by how much my company is benefiting from Kyriba and how much we have accomplished since going live. Kyriba’s ability to automatically load our BAI files directly from the banks has...

“I am awed by how much my company is benefiting from Kyriba and how much we have accomplished since going live. Kyriba’s ability to automatically load our BAI files directly from the banks has saved countless hours from needing to login to banks each day for balances and transactions. We have a significant number of bank accounts and daily transactions, and the ability to apply budget codes automatically, forecast, and slice and dice the data has truly been a game-changer for treasury.” Stephen Kincaid, Assistant Treasurer and Vice President of Treasury, Walker & Dunlop Walker & Dunlop has extensively leveraged the value of Kyriba as an integral part of their financial framework and vision. Their extensive use of Kyriba dashboards allows them to find critical data very quickly and action those items for better strategic decision-making. 2021 Payments Factory Project 1.5 year large scale project with their loan servicing system Payment formatting, approval workflows, and remittance through Kyriba Day 1 of go-live, successfully processed $3 Billion in funds “We look forward to continuing to automate and enhance our treasury processes with the help of Kyriba and their expanding technology.”

*Accepting cookies will allow the podcast player to be displayed. Creating Impact with AI, Automation and Empowerment This episode features an interview with Maarika Paul, Executive Vice President and Chief Financial and Operations Officer...

*Accepting cookies will allow the podcast player to be displayed. Creating Impact with AI, Automation and Empowerment This episode features an interview with Maarika Paul, Executive Vice President and Chief Financial and Operations Officer at Caisse de Dépôt et Placement du Québec (CDPQ), talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Maarika addresses overcoming adversity as a woman in finance, deploying new investment strategies for CDPQ with net assets totalling over CA$365.5 billion, and discusses the implementation of AI and augmentation for financial analyses in the future. Return to The Invisible Vault

For nearly a century, Baxter has been at the critical intersection of saving and sustaining lives, driven by innovation to transform global healthcare. With global operations in over 35 countries, Baxter put Kyriba to...

For nearly a century, Baxter has been at the critical intersection of saving and sustaining lives, driven by innovation to transform global healthcare. With global operations in over 35 countries, Baxter put Kyriba to work to centralize visibility, develop global standardized cash management processes and centralize payments into one portal globally for tens of thousands of payments each month. “Our implementation of Kyriba has been a key driver in our digital global banking strategy. Digitizing our end-to-end banking environment through the Kyriba platform pushed the project forward and moved the needle.” Elizabeth Ecsy, Director Treasury Operations, Baxter Positive Outcomes with Kyriba 100 banks connected for instant global visibility 9 payment banks sending payments across 150 unique country/currency combinations 4000+ daily cash transactions monitored across 4 regions, uniquely using Kyriba’s cash position worksheets to view transactions categorized by payment and collection type

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and generate free cash flow. Kyriba offers CFOs two compelling benefits: the ability to improve working capital, as well as the opportunity to increase net income.

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and generate free cash flow. Kyriba offers CFOs two compelling benefits: the ability to improve working capital, as well as the opportunity to increase net income. Kyriba Delivers Multiple Early Payment Programs Kyriba offers both dynamic discounting and supply chain finance programs to improve financial performance. Dynamic discounting programs reduce cost of goods sold through the direct discounts earned from suppliers, increasing net income while simultaneously improving the return on excess cash liquidity. Supply Chain Finance, also referred to as reverse factoring, facilitates term extension on payables, preserving cash for longer on the balance sheet and increasing free cash flow. Kyriba’s Working Capital solutions allow suppliers to be paid early in exchange for a discount or financing fee at a lower cost of funding than they can achieve on their own. Reduce Risk in the Supply Chain With many organizations under pressure to extend DPO by paying suppliers later, Kyriba’s Working Capital solutions allow suppliers to be paid early in exchange for a discount or financing fee at a lower cost of funding than they can achieve on their own. Early payment programs supported by Kyriba’s cloud platform allow an organization’s suppliers to improve their own working capital to increase production efficiencies and drive growth. What Is Important in a Supply Chain Finance Solution? To deliver successful global supplier financing programs, there are five key requirements: Expert TeamsSupply chain finance solutions are as much a service as a platform. The vendor should help design the right program to meet specific KPIs, analyze spend and build a business case. Multi-Funder PlatformPayables financing programs require diversification across lenders to deliver the required liquidity to the global supply chain and to support regional specialization. Program FlexibilityThe solution must support both dynamic discounting and supply chain finance programs, with the flexibility to modify business rules on the fly to meet the KPIs of an organization. Complete WorkflowA comprehensive program must also include cash visibility, forecasting, payments and pre-built ERP integration. Supplier OnboardingTo maximize supplier participation, the supplier portal must be easy to understand, in the language of their choice, and feature intuitive reporting dashboards.

Kyriba for Midsize Companies is a scalable solution for companies looking to eliminate their manual and errorprone spreadsheet-based cash management program and replace it with an automated, easy-to-use system. With a cost-controlled approach and...

Kyriba for Midsize Companies is a scalable solution for companies looking to eliminate their manual and errorprone spreadsheet-based cash management program and replace it with an automated, easy-to-use system. With a cost-controlled approach and easy go live, Kyriba for Midsize Companies’ cash and liquidity capabilities can be up and running quickly, giving more time back to your team for value-add initiatives. OPTIMIZE YOUR CASH Answering fundamental questions about the organization’s cash position, such as location, currency and liquidity position, can be a seemingly monumental task. It can require multiple employees to spend many hours using disparate tools and data sources. Having clarity and visibility into the organization’s cash is a fundamental and vital requirement for any treasury department to support critical financial decisions and strategic business objectives. Kyriba cash and liquidity management module provides that visibility. Kyriba is recognized as the market-leading global cash management solution, providing comprehensive capabilities in an intuitive and easy-to-use solution. Kyriba delivers timely and accurate global cash visibility, across all banks, in all regions, and enables treasury teams to create accurate forecasts that deliver confidence throughout the organization. Kyriba’s solution benefits organizations by allowing treasury departments to spend more time on value-add tasks, and supporting decision-making activities, rather than spending countless hours on less valuable activities. Kyriba’s cash and liquidity management benefits organizations by allowing treasury departments to spend more time on value-add tasks, and supporting strategic decision making, rather than spending countless hours on less valuable activities. CASH MANAGEMENT AND FORECASTING Kyriba’s cash management and forecasting capabilities automate the preparation and reconciliation of the organization’s daily cash position before the business day begins. Starting with the cash position worksheet, Kyriba’s clients have a powerful and intuitive way to visualize cash positions through the combination of bank balances and transactions with expected cash flows. This ensures that clients always have up-to-date and realtime insights into positions across banks, accounts, entities and regions. With an accurate and up-to-date cash position as the starting point, clients can use Kyriba’s cash forecasting capabilities to build and analyze global cash forecasts by day, week, month or year by leveraging multiple sources of data, including repetitive items, import of ERP data, integration with other Kyriba modules, and extrapolation of historical data. The use of powerful cash forecasting analytics allows organizations to compare forecasts to actuals for any horizon to help improve forecast accuracy. Kyriba’s solution benefits organizations by allowing treasury departments to spend more time on value-add tasks, and supporting decision-making activities, rather than spending countless hours on less valuable activities. CASH MANAGEMENT KEY CAPABILITIES Dynamic Reporting Personalized cash position worksheets and period-based views provide the summary of balances and their evolution over time, while the daily view provides a categorized summary of the actual and forecasted cash movements of the day. Global Positioning Cash position can be viewed by region and/or by currency. Foreign currencies can be viewed based upon exchange rates or positions can be viewed in their native currency. Liquidity Analyze total liquidity by incorporating desired investment and credit data from the Debt and Investment modules. A dedicated liquidity report aggregates and sums data. Multi-Entity View position by the individual entity or analyze corporate-wide cash position configurable to each client’s requirements. Full drill-down allows viewing the summary as well as supporting detail. Seamless Integration The cash position is updated continuously in real-time, so any changes made to a forecast – including from other Kyriba modules – will be automatically available on a client’s worksheet(s). Target Balances Cash pooling allows target balances to be set in a hierarchical manner, ensuring that recommended funding and drawdowns are predicted, and can automatically occur in combination with the Kyriba Payments solution.

Kyriba helps companies manage their liquidity, through a unified set of innovative products across treasury, risk, payments, working capital and connectivity. The Kyriba Marketplace is an API-driven global liquidity network offering apps, data and...

Kyriba helps companies manage their liquidity, through a unified set of innovative products across treasury, risk, payments, working capital and connectivity. The Kyriba Marketplace is an API-driven global liquidity network offering apps, data and connectivity to our customers, partners and developers. Developer Portal The Kyriba Developer Portal is the hub for both clients and developer partners to access tools and guides in order to build or integrate new applications on Kyriba. Registration is free of charge with immediate access to: API catalogue API documentation via Swagger API samples on Postman Change logs Use case examples Forum, news and support App publishing on Marketplace App Marketplace Kyriba’s App Marketplace offers a quick path to expand and extend on a platform’s capabilities. With a deep understanding of financial leaders’ business needs, Kyriba forms partnerships with best-in-class fintech solution providers to innovate and enhance the Kyriba offering with new apps that shorten time to market. Examples of apps include: Connectivity Funding and Investments FP&A E-invoicing Supply Chain and Inventory Payroll The Kyriba Open API Platform The launch of the Developer Portal marked Kyriba’s first step towards its vision to create a marketplace, where Fintech partners, enterprise clients, and global banks are brought together to create a brand new experience for corporate finance, fully integrated on one open platform. While other providers may offer APIs as additional features, Kyriba has taken an API-first approach. Fintechs who join this rapidly expanding open liquidity network have over 2500 global enterprises as potential clients. Given the extensiveness of corporate finance use cases, including treasury and risk, payments, supply chain finance and connectivity, there are unlimited opportunities to monetize innovation. API Enabled Experience For corporate CFOs and CIOs, APIs enable the interconnection of multiple financial applications, workflows and datasets to make composable financial systems a reality. Examples of use cases enabled by API: AML and compliance Cash optimization Investment or trade management Supplier onboarding User and account orchestration Multi-ERP integration Fraud detection and security enhancement And many others

BASF creates chemisty for a sustainable future. They combine economic success with environmental protection and social responsibility. “With Kyriba, we implemented a tool that helped us achieve visibility into our global currency risk and...

BASF creates chemisty for a sustainable future. They combine economic success with environmental protection and social responsibility. “With Kyriba, we implemented a tool that helped us achieve visibility into our global currency risk and FX position with the touch of a button.” Roland Heisecke, Director Treasury Risk Management, BASF SE   The BASF Challenge BASF’s former FX Management process was based on a regional, decentralized approach to exposure reporting and risk transfer to HQ, making it nearly impossible for treasury to accurately calculate and mitigate FX risk on a global perspective. Identifying the Right Solution Kyriba Risk Management provided BASF with the opportunity to implement a streamlined, automated and universal FX management process across every region. An Automated FX Risk Transfer (ART) tool was also developed to analyze the FX risk positions of BASF’s subsidiaries and automatically generate hedge deals to transfer risk from the entity to HQ. Measuring Success » Significant reduction of manual effort » Increased transparency - daily updated overview of FX risks » Aggregation of FX risks reduced hedging costs  

Payments fraud continues to be a top concern for organizations. Fully 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before, according to the...

Payments fraud continues to be a top concern for organizations. Fully 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before, according to the Association for Financial Professionals (AFP). CFOs and treasurers clearly require a more complete set of payments controls to stop fraud altogether. Kyriba’s Payments Fraud Detection module extends the effectiveness of standard payments controls to include realtime detection to stop suspicious payments in their tracks. The module, the first of its kind in the industry, includes customized scoring, centralized alerts, complete resolution workflow management, and data visualization through a drilldown KPI dashboard. Fraud Detection Scenarios Kyriba’s Payments Fraud Detection capabilities allow users to set predefined detection rules to screen for suspicious payments requiring further attention, such as: Transfer to a beneficiary’s bank account located in a blacklisted country or a country not on the whitelist International payment made to a country where the company has no known supplier or operations Multiple payments that, in combination, exceed a soft or hard payment limit Changes to a payment that was imported from an ERP The first payment to a bank account for an existing vendor Payments inconsistent with the amounts or dates of the payment history Payments to one bank account used by several vendors Kyriba’s Payments Fraud Detection module extends the effectiveness of standard payments controls to include real-time detection to stop suspicious payments in their tracks.  

Kyriba offers multiple early payment programs to improve financial performance. Dynamic Discounting reduces cost of goods sold through the direct discounts earned from suppliers, increasing net income while simultaneously improving the return on excess...

Kyriba offers multiple early payment programs to improve financial performance. Dynamic Discounting reduces cost of goods sold through the direct discounts earned from suppliers, increasing net income while simultaneously improving the return on excess cash liquidity. Supply Chain Finance facilitates term extension on payables, preserving cash for longer on the balance sheet and increasing free cash flow. Receivables Finance, currently in the final stages of development, optimizes cash flow by allowing sellers to be paid early for unpaid receivables from customers. Kyriba’s Working Capital solutions allow suppliers to be paid early in exchange for a discount or financing fee at a lower cost of funding than they can achieve on their own. Reduce Risk in the Supply Chain With many organizations under pressure to extend DPO by paying suppliers later, Kyriba’s Working Capital solutions allow suppliers to be paid early in exchange for a discount or financing fee at a lower cost of funding than they can achieve on their own. Early payment programs supported by Kyriba’s cloud platform allow an organization’s suppliers to improve their own working capital to increase production efficiencies and drive growth.

Having clarity and visibility into cash and liquidity is a fundamental requirement for any treasury department. Without that, it is nearly impossible to support critical financial decisions and strategic business objectives. Kyriba delivers timely...

Having clarity and visibility into cash and liquidity is a fundamental requirement for any treasury department. Without that, it is nearly impossible to support critical financial decisions and strategic business objectives. Kyriba delivers timely and accurate global cash visibility, enabling treasury teams to create accurate forecasts that deliver confidence throughout the organization.

*Accepting cookies will allow the podcast player to be displayed. How Advanced Technologies are Driving Business Resiliency This episode features an interview with Kevin Permenter, Research Director at IDC, talking to The Invisible Vault...

*Accepting cookies will allow the podcast player to be displayed. How Advanced Technologies are Driving Business Resiliency This episode features an interview with Kevin Permenter, Research Director at IDC, talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Kevin discusses improving the efficiency of data management, getting actionable insights at near real time, and building resiliency of your business. Return to The Invisible Vault

Modern payment fraud threats are innovative and constantly evolving. To confront these threats, organizations need to deploy the most up‑to-date detection and prevention solutions.

Modern payment fraud threats are innovative and constantly evolving. To confront these threats, organizations need to deploy the most up‑to-date detection and prevention solutions.

Kyriba Academy Programs The Kyriba client certification program is available both on demand and in person. 4 Different Paths Designed to Support Different Needs. New to Treasury Designed for users new to the treasury...

Kyriba Academy Programs The Kyriba client certification program is available both on demand and in person. 4 Different Paths Designed to Support Different Needs. New to Treasury Designed for users new to the treasury space who want to increase their basic treasury knowledge End User Knowledge Provides a basic understanding of how to leverage and effectively use the Kyriba Application daily Deep Dives Designed for all Kyriba users who would like a deeper understanding on specific Kyriba workflows Kyriba Expert Users who want to significantly increase their Kyriba knowledge and focuses on the setup and implementation of a specific module on the Kyriba solution. Kyriba certification available at the end of each session Kyriba is committed to providing clients with the knowledge, skills and best practices to maximize their Kyriba educational experience. Kyriba Client Academy offers a series of different training courses that allow users the flexibility to customize their own learning journey. Obtaining certification demonstrates a client’s commitment to corporate treasury excellence. These certification courses will help clients become a subject matter expert in the Kyriba application, helping maintain and enhance their overall experience. Kyriba users will develop the skills needed to efficiently administer, enhance, and expand their Kyriba deployment, leveraging best practices methodology. Kyriba selects the most advanced trainers and subject matter experts for its training and certification program. These trainers have vast knowledge of the Kyriba platform and bring realworld experience along with on-the-job experience as former members of our implementation teams. Our objective is to provide different paths for different learning needs.

Technology platform is key to support rapid growth in the PRC The Challenge Statements of more than 130 bank accounts required manual download from excel. The cash account types had to be manually marked...

Technology platform is key to support rapid growth in the PRC The Challenge Statements of more than 130 bank accounts required manual download from excel. The cash account types had to be manually marked on bank transactions details. It took 15 days to convert a cash flow report and the accuracy of the reports varied based on human coding errors. Cash management was fragmented and there was no cash planning with a lack of visibility on the global cash position. "By mastering cash flow trends of each business unit and combining actual business needs, we now have intelligent cash forecasting and variance analysis data to equip the team to maintain stable cash flow." An Shuang Head of Treasury Aihuishou International Co Ltd   The Solution The company determined it needed to invest in its treasury team, improve its processes and implement a modern treasury solution. Initial requirements included the ability to centralise all bank accounts onto a single platform to reduce manual errors, gain time and efficiency, and the ability to improve cash management with real-time visibility of cash positions and balances and support expanding business overseas. Best Practice and Innovation The team required real-time, accurate data reporting for cash forecasting and positioning. Partnering with Kyriba empowered the team with a centralised cash management solution that delivered a daily cash report with regional and group level analyses. ESG is crucial to Aihuishou as it has two main businesses – mobile phone recycling and recycling of recyclable waste of residential life, which have made great contributions to environmental protection in China and around the world. Faced with the challenge from investors of financing ESG programmes with heavy fixed assets investment (CNY1bn), the treasury team solved this problem with lease financing. It reduced the big investment on fixed assets and strengthened their business and financial structure at the same time. Aihuishou has taken giant steps in the PRC with its technology platform partner. Its next step is to connect network payments (eg Alipay, WeChat payments and other third-party payments) to the platform to enable a large amount of transaction funds out of bank accounts into the payments hub to gain more financial control, advanced fraud protection and intelligent management of payments. While bottom line value is clearly a priority for Aihuishou, evidenced by the valuation the market placed on its initial public offering (IPO), the treasury team also prioritises ESG as a function of their treasury culture and ambition to build value across the enterprise. "Kyriba is very happy to congratulate our client, Aihuishou International Company, for being recognised as a best in class treasury solution in the People’s Republic of China. Kyriba is honoured to support Aihuishou’s global treasury operations and help modernise their cash, liquidity and treasury processes. By centralising visibility and optimising liquidity, the Aihuishou team has transformed into a world class treasury and is an example for others to follow, as treasury improves visibility, controls and productivity to unlock liquidity and drive business value across their organisations. Congratulations to the entire Aihuishou treasury team on your success.” Bob Stark Global Head of Market Strategy Kyriba   200+ domestic and overseas bank accounts centralised and managed on the platform, enabling real-time visibility into daily cash positions and balances. 400% improvement in cash flow reporting time from 15 to three days. Stabilised cash flow from intelligent cash forecasting and analyses that generated multiple ‘what if’ cash flow scenarios. Secured six months of cash stability with reliable cash positioning – gained valuable recognition from investors and capital markets. A fair, transparent, and secure supply chain finance (SCF) system has been established to support the enterprise’s vast e-business. CNY1bn reduction of fixed assets through a financial leasing method to support the enterprise’s light internet business.  

Kyriba has elevated technology for CFO's and Treasurers around the world. Join us for a deep dive into the NEW Kyriba Treasury, Payments & Risk Platform. With brand new User Experiences, embedded analyitcs and...

Kyriba has elevated technology for CFO's and Treasurers around the world. Join us for a deep dive into the NEW Kyriba Treasury, Payments & Risk Platform. With brand new User Experiences, embedded analyitcs and visualizations and next wave connectivity strategy with Award Winning API's, Kyriba is helping customers realize real-time liquidity. Learn how Kyriba can help your treasury and finance teams optimize corporate cash and working capital, manage financial risk, and ultimately drive strategic growth and value by activating enterprise-wide liquidity.

Utilities in North America are undergoing a period of rapid change that is presenting new challenges and opportunities. As utilities’ needs evolve, so too must traditionally labor-intensive treasury and cash management processes. With advancements...

Utilities in North America are undergoing a period of rapid change that is presenting new challenges and opportunities. As utilities’ needs evolve, so too must traditionally labor-intensive treasury and cash management processes. With advancements in technology and growing investment in decarbonization, electrification, and green energy, utilities are reimagining their approaches to providing services. At the same time, utilities also need to contend with strict regulations, changing customer demands, outside risks, and complex ownership structures that can make treasury and finance operations challenging. With Kyriba, utilities can keep ahead of finance technology demands during these challenging times. Kyriba automates many routine tasks, allowing treasury and finance to focus on important strategic activities Cash Management (Intracompany Lending and Liquidity Pooling) Larger regulated utilities nearly always operate across multiple jurisdictions with their own sets of regulations, making liquidity pooling and intracompany lending extremely complex. Kyriba manages the complexities of working across differing jurisdictions, maintaining the regulatory firewall between the holding company and the operating companies. Kyriba’s dashboard and pooling capabilities allow you to track and report intercompany transactions to internally pool and lend cash safely and efficiently. Automation Regulated utilities are required to manage key ratios for statutory compliance. If ratios are off when treasury reports financials to Public Utilities Commissions, utilities can incur hefty fines. With Kyriba’s advanced prediction and analytics capabilities, you can now safely and confidently manage debt and equity ratios to guarantee statutory compliance while simultaneously delivering the KPIs needed to manage your complex business. Connectivity As utilities move away from in-house systems and into the cloud, you will require robust connections between your banks and your ERP systems. Kyriba offers connectivity to Oracle, SAP and Microsoft Dynamics 365, the most prevalent ERPs used by utilities. Kyriba’s APIs can easily connect to your ERP, and beyond. Cybersecurity (NERC-CIP) Protecting your critical infrastructure is vitally important. Moreover, it is mandated. Kyriba’s NERC-CIP compliant SaaS software and secure solution infrastructure provides the framework for your utility to meet its obligations. Advanced Cash Forecasting One challenge that utility treasury groups routinely report is their difficulty in creating meaningful cash forecasts. That worry can be behind you. Routinely named one of the world’s best cash forecasting solutions, Kyriba adds flexibility, visibility and power to your cash positions, organized by bank, entity, cash flow category, transaction status, etc. Bank Account and Bank Fee Management Kyriba’s Bank Account and Bank Fee Management modules offer workflows to track all details of your bank accounts and banking fees. You’ll have complete review and approval workflows to manage signature authorities while being assured that you are only paying those fees that have been contracted.

Kyriba Business Intelligence delivers integrated visual dashboards and pre-built analytics for Kyriba Cash, Payments, Risk Management, Compliance and Supply Chain Finance modules and data. Business Intelligence goes beyond traditional reporting by offering on-demand drill...

Kyriba Business Intelligence delivers integrated visual dashboards and pre-built analytics for Kyriba Cash, Payments, Risk Management, Compliance and Supply Chain Finance modules and data. Business Intelligence goes beyond traditional reporting by offering on-demand drill down, dashboard editing, and a transformed visual experience for presentation-ready information sharing. According to a survey by CFO.com, data visualization and reporting are key areas where CFOs say treasury needs to improve its technology solutions to match industry best practices. What Is Business Intelligence Business intelligence is more than reporting data – it is about visualizing critical financial information that enables CFOs and treasurers to make faster, more effective global business decisions. While standard reporting is suitable for routine, activity-based metrics, business intelligence is designed for performancebased metrics and KPIs. For example, Kyriba Business Intelligence users can get instant insight into strategic questions such as: Do I have enough cash? How long will my liquidity last? What is the value of my different financial asset? What is my risk exposure across all asset classes? What Is Business Intelligence  Tracking ReportingBusiness Intelligence Advanced data visualization Self-service dashboard creation Data drill-down Variable change on-the-fly Large data volume handling Empower better collaboration across the organization

The IDC White Paper commissioned by Kyriba validates the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working capital optimization.

The IDC White Paper commissioned by Kyriba validates the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working capital optimization.

*Accepting cookies will allow the podcast player to be displayed. How to Build a Strategic Technology Solution for Modern Finance Leaders This is a special episode featuring an interview with Thomas Gavaghan, the Vice...

*Accepting cookies will allow the podcast player to be displayed. How to Build a Strategic Technology Solution for Modern Finance Leaders This is a special episode featuring an interview with Thomas Gavaghan, the Vice President of Global Pre-Sales at Kyriba talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Tom and host Daniel Shaffer discuss two key topics: Payments and Visibility. Together, they look back at what previous guests have said about the topics, including Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Laurie Krebs, SVP and CFO at Red Hat, Danielle Murcray, CFO at AttackIQ, and Benjamin Seal, VP of Treasury Services at Cenveo. Return to The Invisible Vault

Throughout the COVID-19 pandemic, treasury teams have found themselves heavily focused on short-term forecasting in an effort to maintain cash flow. As companies now extend their planning horizons, they are relying on longer-term, strategic...

Throughout the COVID-19 pandemic, treasury teams have found themselves heavily focused on short-term forecasting in an effort to maintain cash flow. As companies now extend their planning horizons, they are relying on longer-term, strategic forecasting, which is traditionally developed by FP&A.

How We Support Your Organization With a proven track record over more than 20 years in Treasury and Finance SaaS solutions, our extensive, advanced protection for your data, security, controls, and your operational processes...

How We Support Your Organization With a proven track record over more than 20 years in Treasury and Finance SaaS solutions, our extensive, advanced protection for your data, security, controls, and your operational processes will keep your firm protected. Kyriba’s Cyber Defense Center Kyriba’s Cyber Defense Center, staffed with experienced professionals provides 24/7, global, follow the sun support. The goal of the Cyber Defense Center and Security Incident Response Team (CSIRT) is to detect and react to computer security incidents, determine their scope and risk, respond appropriately to the incident, communicate the results and risk to all stakeholders, and reduce the impact and likelihood of the incident from reoccurring. At the heart of the CDC, Kyriba runs Splunk as our Security Information and Event Management (SIEM) system. Threat Intelligence Dark Web scanning for compromised credentials, which includes email addresses, usernames and passwords Bolsters our ability to defend against ransomware, credential theft, brand abuse, and other malicious activities both cyber and physical Leveraging industry sources which deliver relevant cyber threat insights in real time Data Loss Prevention (DLP) DLP focuses on detecting and preventing the leakage, loss or misuse of data whether it’s through breaches, exfiltration, or unauthorized use. Kyriba’s approach to DLP covers our endpoints and is an effective tool for us to protect our customers’ data.

Modern treasurers face numerous challenges due to the evolving financial landscape and the ongoing pandemic. Disruptions such as global supply chain issues, staffing shortages and fraud attacks have caused organizations to re-evaluate their processes...

Modern treasurers face numerous challenges due to the evolving financial landscape and the ongoing pandemic. Disruptions such as global supply chain issues, staffing shortages and fraud attacks have caused organizations to re-evaluate their processes to be able to survive and continue to operate as efficiently as possible.

Treasury and Payment Management for Government Agencies Kyriba empowers government agencies to achieve 100% daily cash visibility, accurate and flexible cash forecasting, debt & investment management, business intelligence, fully-managed bank connectivity, and fraud detection...

Treasury and Payment Management for Government Agencies Kyriba empowers government agencies to achieve 100% daily cash visibility, accurate and flexible cash forecasting, debt & investment management, business intelligence, fully-managed bank connectivity, and fraud detection through our cloud-based cybersecurity and financial software solution. “We saw massive attempts of attempted fraud – organizations trying to sell items they didn’t have. Technology is extremely critical in this environment.“ Bruno Fernandes, Deputy CFO & Treasurer, Government of District of Columbia   Kyriba is trusted by government agencies at the Federal, State, and Local level, providing a safe and secure tool to protect and save cash when it matters more than ever. How can we help you? Provide Accurate Budgetary Forecasts. Kyriba offers flexible, real-time cash forecasting with visual reporting for senior leadership. Save up to 80% in Cost and Time for bank file and payment connectivity projects; typically part of financial transformation projects. Investment & Debt Management through our fully integrated solution, enabling deal capture, reporting, and financial accounting to your GL. Protect Millions in Cash. Prevent fraudulent payments from being sent out through our secure and AI-based Fraud Detection solution. Business Continuity. Kyriba’s cloud-based solution provides business continuity to ensure cash management, and associated investment and debt activity can continue, no matter the crisis. Kyriba empowers government agencies to optimize cash and liquidity, reduce operational risk and support budget saving initiatives.   Security and Compliance Kyriba’s solutions are unmatched from a security and compliance perspective, including hosting in a Government Cloud instance, SOC 1 and 2 compliance, disaster-recovery protocols, and in-process FedRamp certification. Key Benefits Kyriba empowers government agencies to optimize cash and liquidity, reduce operational risk and support budget saving initiatives. Benefits include: 100% Cash Visibility Kyriba delivers automated bank reporting across all bank accounts, driving 100% cash visibility and enabling transparency of bank data into your ERP system. Cash Forecasting Kyriba enables more sophisticated cash forecasting, while simplifying the aggregation of forecast data across systems and agencies. Kyriba also provides detailed forecast variance analysis and forecasting business intelligence, ensuring that forecasts are accurate and can be confidently relied upon to improve investment returns.

Lack of visibility and insight into your company's full cash and liquidity leaves treasury and the greater finance function in the dark. From small domestics to MNCs with complex banking structures and a sprawling...

Lack of visibility and insight into your company's full cash and liquidity leaves treasury and the greater finance function in the dark. From small domestics to MNCs with complex banking structures and a sprawling geographic footprint, cash and liquidity is still king, particularly in today's economic and operating environment.

Remote Treasury Management System (TMS) implementations are a large and complex undertaking. However, with proper planning, organization, and understanding, collaborating teams are able to streamline operations and deliver a plethora of benefits to treasury...

Remote Treasury Management System (TMS) implementations are a large and complex undertaking. However, with proper planning, organization, and understanding, collaborating teams are able to streamline operations and deliver a plethora of benefits to treasury departments that decide on a remote implementation.

Crucial Role of Small and Medium Size Enterprises (SMEs) for Global Economic Development With Supply Chain issues creating shortages across the globe, it is more and more evident that SMEs impact economic development for...

Crucial Role of Small and Medium Size Enterprises (SMEs) for Global Economic Development With Supply Chain issues creating shortages across the globe, it is more and more evident that SMEs impact economic development for a broad spectrum of countries. "There has been a clear and decisive global shift to trade on open account terms. This shift is led by larger corporations and well accepted by SMEs because of lower costs, less processing time and its enhanced attractiveness to buyers.11"   Role of Small and Medium Businesses in Economy and Development Small and medium enterprises (SMEs) are the backbone of economies and societies. They play a crucial role in a country’s overall production and are core to sustainable socioeconomic development. All over the world, there is growing evidence of the significant impact of SMEs in both developed and developing countries. Small and medium-sized businesses are important contributors to employment creation, value creation, poverty alleviation and income generation. They represent about 90 percent of registered businesses worldwide, contributing to more than 50 percent of employment globally (World Bank1). In Organization for Economic Cooperation and Development (OECD) member countries, SMEs are the predominant form of enterprise, accounting for approximately 99 percent of all firms and about 70 percent of jobs on average, and are major contributors to value creation, generating between 50 percent and 60 percent of value added on average (Figure 1). Figure 1: SMEs account for the bulk of employment in the most affected sectors According to the World Trade Organization2, which draws its finding from empirical studies and data sources, and the European Commission, the median GDP contribution of small and medium-sized businesses is 45 percent (55 percent in developed countries, 35 percent in developing countries). SMEs also feature prominently in the UN Sustainable Development Goals, which encourage the growth of these businesses in order to promote inclusive and sustainable growth, full and productive employment, and reputable work for all. "Globally more than half of the requests made by SMEs for trade finance are rejected, compared to only 7 percent for multinational companies."   Support Needed for SMEs Most SMEs, including new, innovative and fast-growing firms, remain heavily reliant on internal resources and traditional bank debt. According to a study by the World Trade Organization10, globally, more than half of the requests made by SMEs for trade finance are rejected, compared to only 7 percent for multinational companies. All of these facts signal the need to support SMEs with solutions beyond the traditional policies and stimulus support that governments and development banks have been providing. This call to action beyond traditional measures is even more essential in today’s COVID-shaken world that is being forced to adapt to a “new normal.” "According to the ICC Global Survey, supply chain finance is one of the innovations most likely to change the trade finance industry.12"   Supply Chain Finance Traditional bank-guaranteed trade finance solutions such as letters of credit and guarantees have been used extensively in the past. However, these solutions are criticized because of required tedious and cumbersome administrative processes as well as significant stress on balance sheets. One of the rising stars in the open account universe is payable supply chain finance, also known as reverse factoring. This solution helps to liberate capital tied in the working capital cycle of buyers and suppliers by enabling suppliers to be paid early while allowing the buyer to maintain, or extend, its payment terms. A supplier usually has to invest upfront capital to purchase raw materials, manufactured goods and deliver goods to the buyer before receiving the payment at the negotiated payment timing. As we discovered earlier, the state of access and cost of this capital for SME suppliers is inequitable. A payable supply chain finance (SCF) solution helps suppliers gain access to capital – most likely at a much lower rate – without waiting for buyers to make payments on invoices. An SCF program is established by a buyer for its suppliers with the help of financial institutions and SCF technology providers. Depending on its own corporate objectives and payment terms benchmarked against market standards, the buyer optimizes its payment terms with suppliers. In order to prevent any negative impact of the new payment terms on its supplier, the buyer makes the approved invoices of the goods and services it purchased available for financing on the SCF platform. The suppliers are then able to “sell” approved invoices of the buyer to the financial institutions partnered by the buyer on the platform. This way, the supplier gets paid right away on the invoices they select on the SCF platform rather than waiting for payment terms to mature. When the invoice comes to its optimized full term, the buyer pays the full amount to the financial institution that now owns the invoice. The invoices are financed at a discounted rate that is based on the credit risk of the buyer instead of that of the supplier. Generally, this discount rate is much cheaper than what a supplier could get on their own from banks, especially if the supplier is an SME or in a developing market. This is why, even with extended terms, suppliers are more likely to have lesser financing costs than they might have to incur with existing payments and their own credit profile. In addition to payment term optimization, buyers leverage SCF programs to achieve other objectives such as strengthening relationships, supporting suppliers and incentivizing suppliers to support sustainability.

Bank Connectivity and Balance Monitoring in One Powerful Dashboard Finance teams rely upon critical daily banking information for insight into cash and liquidity. Yet monitoring bank connection status, variance troubleshooting and reconciliations between bank/cash...

Bank Connectivity and Balance Monitoring in One Powerful Dashboard Finance teams rely upon critical daily banking information for insight into cash and liquidity. Yet monitoring bank connection status, variance troubleshooting and reconciliations between bank/cash balances across multiple banks can be burdensome. As the market leader in bank connectivity, Kyriba gives its customers a powerful new tool: Bank Connectivity Cockpit. Value for Treasury and Finance Bank reporting information in the form of bank statements impacts your liquidity outlook every day. With the Bank Connectivity Cockpit, Kyriba provides an easy way to spot anomalies both for end-of-day bank statements and intraday bank statements, because the solution compares expected and actual communications. It lowers the total cost of bank connectivity monitoring, delivers successful cash positioning, and streamlines business execution. With increased accuracy of cash positions, clients are ready to take decisions on balancing, investing, and funding. Solution for Information Technology For new or existing customers, the Kyriba Bank Connectivity Cockpit is part of our holistic, integrated Bank Connectivity solution and strengthens an already leading Connectivity as a Service product with easy to use, automated and clear monitoring of a critical part of the finance information reporting system. Isolate and display exceptions only One page to monitor all bank connectivity in real time User-defined alerts Bank and account-level reports Global coverage for prior-day and intraday reports Easy to establish, reporting and automated notifications Consolidated dashboard designed to make critical liquidity information readily available to the entire Finance organization Investigate details through drill down capabilities

“Kyriba provided a great tool that allowed us to delever nearly 30% just by knowing where our cash was, where it was needed, and getting it there in the most efficient manner, eliminating needless...

“Kyriba provided a great tool that allowed us to delever nearly 30% just by knowing where our cash was, where it was needed, and getting it there in the most efficient manner, eliminating needless borrowing. We are a very satisfied client. We utilize Kyriba every day. Kyriba is one of the easiest and most robust applications I have ever used.” Morty Mandel, Director of Finance Operating in over 25 countries, Bray International found themselves in spreadsheet chaos, with limited visibility into global cash positions, resulting in inefficient processes and needless borrowing. With Kyriba, they saw immediate deleverage results and value realization in global visibility and standardized forecasting, with significant gains in productivity. Before Kyriba Decentralized processes using multiple Excel spreadsheets Limited cash visibility resulting in needless borrowing. Non-standard cash forecasting Cumbersome and loss of confidentiality in payments Positive Outcomes with Kyriba Global and centralized visibility into cash positions Standardized cash forecasting Better utilization of cash to service debt Drastically reduced error rate Robust security and confidentiality Improved GL Reconciliation speed and accuracy Modules Implemented Cash Management Cash Forecasting Cash Accounting Financial Transactions Payments GL Reconciliation What’s Next Payment Factory FX Risk Management » 97% productivity gains in reconciliation processes » 30% deleverage even through Covid

Kyriba’s Financial Transactions modules support the tracking and management of debt, foreign exchange, interest rate and investment transactions through a centralized dashboard available to the treasury team and other departments. Kyriba’s Financial Transactions modules,...

Kyriba’s Financial Transactions modules support the tracking and management of debt, foreign exchange, interest rate and investment transactions through a centralized dashboard available to the treasury team and other departments. Kyriba’s Financial Transactions modules, as part of Kyriba’s Treasury Management System, provide complete workflows and flexible reporting capabilities across all transaction types, meeting your organization’s specific needs both today and into the future. Kyriba offers a centralized dashboard of all financial transactions managed by the treasury team to provide 100% visibility and the productivity tools to improve the efficiency of deal tracking, portfolio management, settlements, accounting and reporting.   The lack of visibility into an organization’s investing and borrowing can leave the treasury department feeling exposed to risk and possible fraud, so it is imperative that the process of tracking and managing the organization’s financial transactions facilitate simple and automated workflows to not burden the productivity of an already busy staff. Financial transaction activities should also be integrated with other functions, such as cash position, cash forecasts and payments in order to have complete, timely and accurate visibility. Key Capabilities: Debt, FX, IR derivatives, investment transaction tracking and management Kyriba Market Data option via SIX Telekurs Seamless integration with Kyriba modules Multi-currency translation Document attachment and audit trails Powerful reporting capabilities Security: ISO27001 Certification SOC 1 and SOC 2 compliant Redundant disaster recovery Encryption, authentication and administration Audit trails Reporting: Modifiable dashboards with hundreds of pre-delivered and configurable reports Automated report delivery PDF, Excel and HTML formats Distribute reports via email Kyriba’s Financial Transactions modules deliver a comprehensive set of capabilities that enables clients to easily manage and track a broad set of financial transactions. Kyriba delivers the control that treasury departments require, with tracking, management and valuation – all seamlessly integrated with accounting and other treasury functions through Kyriba’s leading cloud platform. Kyriba’s Financial Transactions modules provide visibility into the investing, borrowing, trading, hedging and intercompany activities that are required to make better decisions, gain control and improve financial processes and reporting.

“Where we have already seen a significant time-savings has been the payments module. In just a few months, having all the feeds into the system from various banks and ERPs, and automatically creating reports...

“Where we have already seen a significant time-savings has been the payments module. In just a few months, having all the feeds into the system from various banks and ERPs, and automatically creating reports and payments from those reports has shown incredible value to our organization. It has been night and day from where we were before.” Christopher Lynn, Cash Analyst   As Lifespace looks to grow their number of communities nationwide, while maintaining best practices and efficiencies in Treasury, Kyriba has been able to adapt to their scale and size, tailoring the modules to accommodate budget while creating value. Before Kyriba Excel-based Daily Funding Multiple reports from multiple different sources Main Drivers to Kyriba Instant visibility into cash positioning Automation of payments process Adaptability to the smaller enterprise Modules Implemented Payments Cash Accounting What’s Next Cash Forecasting Debt & Investment Automated Reconciliation

Tuesday, May 10 | 9:00am PT | 12:00pm ET | DTMidstream, a midwest-based operator and developer of natural gas and midstream interstate pipelines, carved out a treasury business unit along with two major hurdles:...

Tuesday, May 10 | 9:00am PT | 12:00pm ET | DTMidstream, a midwest-based operator and developer of natural gas and midstream interstate pipelines, carved out a treasury business unit along with two major hurdles: standing up a treasury management system in a six month timeframe & working in parallel to an ERP implementation to meet all deadlines and interface dependencies.

Greater Integration, Connectivity and Reporting with Kyriba and BlackLine Kyriba and BlackLine are partners delivering customers greater cash visibility and reporting capabilities from the bank all the way to the general ledger. Our customers...

Greater Integration, Connectivity and Reporting with Kyriba and BlackLine Kyriba and BlackLine are partners delivering customers greater cash visibility and reporting capabilities from the bank all the way to the general ledger. Our customers benefit from this partnership through enhanced, automated bank and treasury reporting delivering access to better information. Kyriba connects BlackLine customers directly to over 1,000 banks via leading technology to include an award-winning Open API platform. Visibility to connectivity, bank reporting and status reports are all easy to access via our dashboards and widely used Connectivity Cockpit. Regardless of industry, size or geographic scale, Kyriba and BlackLine integrations help organizations of all sizes streamline and speed projects for cash visibility, bank reporting and ERP upgrades or migrations. The Kyriba-BlackLine partnership and collaboration helps our customers adapt and respond to the changing bank landscape through the latest technology and integrations for cash and liquidity reporting. Cost Reductions, Value for Your Organization The traditional treasury environment is very IT dependent with highly customized code bases which are not only costly, but also difficult to scale. Kyriba’s multi-bank, connectivity-as-a-service offers extensive bank connectivity as a managed service (Connectivity as a Service) with great reductions in implementation and ongoing IT costs. In fact, Kyriba’s capabilities around payments has, on average, saved customers over 120 hours per month.  

*Accepting cookies will allow the podcast player to be displayed. Optimizing Liquidity through Digital Transformation This episode features an interview with Benjamin Seal, Vice President of Treasury Services at Cenveo talking to The Invisible...

*Accepting cookies will allow the podcast player to be displayed. Optimizing Liquidity through Digital Transformation This episode features an interview with Benjamin Seal, Vice President of Treasury Services at Cenveo talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Benjamin discusses how he uses digital approaches within treasury to become a strategic business partner across an organization at all levels and being able to stay forward focused at ensuring Cenveo has the capital needed to manage day to day operations. Return to The Invisible Vault

How one of America’s largest privately held companies put Kyriba technology to work to centralize Treasury functions and achieve strategic level maturity. In 2018, Koch Industries worked with Kyriba’s Value Engineering team to perform...

How one of America’s largest privately held companies put Kyriba technology to work to centralize Treasury functions and achieve strategic level maturity. In 2018, Koch Industries worked with Kyriba’s Value Engineering team to perform a process maturity assessment for their treasury and finance functions. What they uncovered was a definitive need for a TMS to assist in realigning and improving internal processes. Key Challenges Lack of real-time visibility across their global banking landscape. Excessive labor intensity and process disparity in cash management and payment workflows. Ad-hoc bank account management due to sheer volume of banks worldwide. Journey to Digital Transformation While Koch was structured to operate in an Excel environment, their needs had outgrown the limited tools and capabilities Excel offered. Post implementation of Kyriba, Koch Treasury was able to: Achieve 90% on-demand cash visibility into global cash balances, standardizing systematic workflows. Become a better partner for finance and increased collaboration across the organization with centralized information and reporting. Establish themselves as a strategic operation, with best practices in place for operational efficiencies. “Kyriba has enabled us to achieve 90% on-demand cash visibility which meets our needs for daily liquidity management. Having insight as to where cash is and what our balances are globally and in real time, is a HUGE benefit from Kyriba. We never came close to the level of accuracy and efficiency we have now.” Mark Waggoner, Assistant Treasurer at Koch Industries   Value Realization: Global Cash Visibility Prior to Kyriba, Koch’s entities operated independently when it came to cash management. When they made the strategic decision to bring all cash and bank management under one platform, they achieved full confidence in their daily cash positioning worldwide. They were also able to centralize treasury operations into one, global treasury team. “We now have a centralized tool that everyone uses globally to standardize how we manage cash and that has created efficiencies in our operating model.” Chris Mitchell, Treasury Director at Koch Industries   Modernizing Payment Processes The project wasn’t to simply push all payments to Kyriba. It was a true exercise in modernizing the entire Koch infrastructure while still controlling costs. Kyriba’s payment libraries and standardized workflows improved: Connectivity as a Service through bank formatting and management. Payment visibility through a payments hub. Multiple ERPs connected for seamless workflows. Financial security through better system access controls. “Our payment processes were pretty antiquated before this project. We saw the opportunity with Kyriba to bring those up to more modern standards. It gives us a good platform moving forward to continue to modernize our payment platforms.” Mark Waggoner, Assistant Treasurer at Koch Industries  

With lease accounting standards fast approaching, treasury and accounting teams are faced with significant manual effort to identify, track, account for, and audit leases to meet international accounting standards like IFRS16. Kyriba can help...

With lease accounting standards fast approaching, treasury and accounting teams are faced with significant manual effort to identify, track, account for, and audit leases to meet international accounting standards like IFRS16. Kyriba can help overcome the pain of lease accounting compliance by offering a centralized cloud portal to consolidate lease reporting, classify leases according to the new accounting rules, calculate the value of lease components, and accurately book journal entries to balance sheet accounts. Kyriba gives finance teams an easy, one-stop solution for seamlessly managing lease accounting compliance.   Kyriba’s Lease Accounting module can be subscribed to alongside solutions for cash & liquidity, payments, risk management and working capital, or implemented as a standalone solution in the cloud. As corporate finance teams begin evaluating the scope of IFRS16 compliance, they are finding that the project to centralize, value, and account for the sheer magnitude of lease contracts held by their organization and its subsidiaries will take many months to complete. Kyriba gives finance teams an easy, one-stop solution for seamlessly managing lease accounting compliance.

As bank clients continue to invest heavily in state-of-the-art enterprise resource planning (ERP) systems, integration with those systems has never been more imperative. Unfortunately, the assimilation process is typically very labor-intensive for both banks...

As bank clients continue to invest heavily in state-of-the-art enterprise resource planning (ERP) systems, integration with those systems has never been more imperative. Unfortunately, the assimilation process is typically very labor-intensive for both banks and corporates with integration projects often lasting 6-12+ months… But there is a better way. Kyriba can reduce time spent on connecting to your clients’ ERPs by more than 90 percent. Kyriba delivers real-time connections using application programming interfaces (APIs), robotic process automation, artificial intelligence, machine learning, and distributed ledger technology.   Introducing Kyriba’s Bank Connectivity as a Service (BCaaS) for financial institutions. Kyriba is offering and expanding our market-leading, proven solution directly to our banking partners. Using Kyriba’s combined ERP APIs and Payment Format Library, your customers can be routing payments files directly from their ERP to your banking platform in matter of weeks.   Kyriba’s BCaaS expedites the integration of your customers’ ERP systems into your payment infrastructure. By embedding the bank in your clients’ ERP, their user experience will remain in the ERP for instant access of bank reports and the outflow of payment files. Your clients will never have to log into Kyriba or even be aware of the transformation being managed by our platform. This unique, groundbreaking solution will reduce your implementation costs in the form of efficiency, while delivering value to your customers. Bank Benefits Kryiba’s BCaaS delivers a world-class corporate-to-bank connectivity solution within our cloud platform and our prebuilt connections to leading ERP vendors, including SAP, Oracle, NetSuite and Microsoft Dynamics 365. Application programming interface (API) connectivity enables automatic access to data in real time, avoiding the need for IT to generate files. Kyriba also has proven experience with other source systems for bank statement reporting, payments, trading portals, cloud platforms and marketing information systems. Speeding Your Client Connections Kyriba can reduce time spent on connecting to your clients’ ERPs by more than 90 percent. Kyriba delivers real-time connections using application programming interfaces (APIs), robotic process automation, artificial intelligence, machine learning, and distributed ledger technology. Electronic File Formatting, Transmission We offer pre-defined formats for payments, payment status reports and bank reports, and access to new payment rails. Furthermore, Kyriba takes the onus off you and your clients by providing customized payment fraud management, using detection rules coupled with machine learning. And we monitor connectivity through 24/7 support centers. For 20 years, Kyriba has been building and maintaining payment format variations across the globe in our shared architecture, eliminating the need for our clients to build and test their own formats within their existing ERPs. On the other end of connectivity, Kyriba has been building APIs to the market leading ERPs, streaming the interfaces to quickly pull files into our platform. Your own technical and project resources will have access to our solution to setup customers under the single data base to manage all payment file integrations regardless of source system (ERP or otherwise). Client Benefits Getting a solid foundation of liquidity visibility is the starting foundation for a successful treasury or liquidity project. Borrowing and investment decisions should be made quickly, efficiently, and as early in the day as possible. Alongside connectivity, payments to business partners, vendors, and counterparties is a crucial next step in streamlining and reducing costs in the form of long preparations, approvals or logging into multiple systems. Taking full advantage of Kyriba’s leading practice solutions delivers opportunities to consolidate your clients’ connections and allow them to make accurate and timely payments. Additionally, it can take corporate IT departments six months or more to develop and test custom payments files from ERPs or purchasing systems. Using Kyriba’s combined ERP APIs and Payment Format Library of over 45,000 pre-built and tested global payment formats, your customers can be routing payments files directly from their ERP to your banking platform in matter of weeks. Your customers will realize faster implementation timelines, less rework and greater confidence in your bank’s capabilities through our connectivity, thus delivering value and better retention. A Win-Win With Kyriba’s BCaaS, you’ll never again have to worry about remaking or modifying your own systems to suit your clients’ needs. And your clients also won’t have to make any adjustments. Instead, you’ll have a single version of the truth, with Kyriba continuing the maintenance of formats to comply with ISO standards and clearing system modifications. Embedded bank connectivity by Kyriba delivers a win-win for financial institutions and their corporate customers, providing better implementation experiences, a superior user interface, and a platform that strengthens bank/client relationships.

Unleash the Power of Liquidity Management with Oracle NetSuite & Kyriba Why NetSuite Certification Matters Kyriba, certified by Oracle as “Built for NetSuite,” uses NetSuite Web Services APIs to give confidence to Oracle customers...

Unleash the Power of Liquidity Management with Oracle NetSuite & Kyriba Why NetSuite Certification Matters Kyriba, certified by Oracle as “Built for NetSuite,” uses NetSuite Web Services APIs to give confidence to Oracle customers that together we can deliver successful outcomes. Kyriba’s certified Oracle NetSuite partnership is a natural evolution of the longstanding relationship between two technology leaders, connecting Oracle’s NetSuite ERP solution with Kyriba’s Connectivity-as-aService (CaaS) to harness the power of both organisations. Kyriba’s certified Oracle NetSuite partnership connects Oracle’s NetSuite ERP solution with Kyriba’s Connectivity-as-a-Service (CaaS) to harness the power of both organisations.   Thousands of corporations rely on Kyriba to streamline key financial processes, reduce global financial and operational risk and accelerate growth through improved decision-making support. Kyriba’s centralized, cloud-based platform along with our CaaS solutions delivers integration capabilities between banks, ERPs, Financial Supply Chain components. All of which deliver better information and strategic decision-making capabilities for CFOs and their teams. Bank requirements for unique, or proprietary direct connections and regional clearing system-specific, payment formats can extend the time needed to connect some systems to your banking partners to over a year. When addressing multiple bank connections, the challenge becomes more complex and therefore requires significant effort and experience. The combination of Oracle and Kyriba unlocks unrivalled power to meet today’s biggest challenge for CFO’s and Treasurers: Enterprise Liquidity Management.   Kyriba’s proven bank connectivity accelerates this process, and relieves potential development and maintenance burdens on IT, as it already provides over 2,000 clients with out-of-the-box bank connectivity. This is supported by an extensive library of predeveloped and tested payment formats to an unparalleled network of global banks. The integration between NetSuite and Kyriba allows clients to submit and monitor payments and direct debits using NetSuite for automated integration into Kyriba Solutions.   Unparalleled Connectivity The cloud-based nature of both technologies means businesses can also leverage Oracle’s NetSuite Cloud Platform to simplify the secure connection of third-party software and provide ready access to Kyriba’s proven and unparalleled bank connectivity network. Given Kyriba’s history of Oracle NetSuite integrations, experienced teams deliver process for your IT team to efficiently export your data to Kyriba. We further simplify that improved connectivity using interfaces that support APIs and SFTPs and provide the parameters to construct an IDoc extract to allow us to manage the subsequent mapping. A single payment file from NetSuite is all that is then required to cover all banks, payment types and formats. The all-payment file runs through the Kyriba transformation engine and the required banking format is submitted to the bank, with confirmation automatically and seamlessly delivered back to the sender. The Benefits of Certification Automated Integration The integration between NetSuite and Kyriba allows clients to submit and monitor payments and direct debits using NetSuite for automated integration into Kyriba Solutions, which in turn are linked to continued processing and submissions to banks. The integration uses a standardized payment file format and relevant fields are automatically mapped to the payment files from NetSuite. Security In order to maintain security and data integrity, all vendor and customer details are only managed in NetSuite. The payee details are considered as a “one-time” third party in Kyriba, so details are not stored outside of the individual payments. This also means that invoices and receipts are created in NetSuite following the standard Payables and Receivables processes. The NetSuite platform transmits payment files to Kyriba Hub using SOAP API. Files are retrieved by the Kyriba Application and integrated into the Payment Module following the standard process. The set up in Module Data Exchange enables mapping flexibility.

Simplify Oracle Payments Kyriba Payments Network accelerates Oracle payments and bank connectivity projects, eliminating project risk and drastically reducing connectivity costs. Supporting 1,000+ Oracle customers, Kyriba centralizes payment activity, fully manages bank connectivity and...

Simplify Oracle Payments Kyriba Payments Network accelerates Oracle payments and bank connectivity projects, eliminating project risk and drastically reducing connectivity costs. Supporting 1,000+ Oracle customers, Kyriba centralizes payment activity, fully manages bank connectivity and delivers superior fraud detection and visibility to de-risk Oracle payment projects. CIOs increasingly report that new fraud prevention safeguards, generating XMLISO20022 payment format variations, building to new bank APIs and updated SWIFT gpi standards are causing significant project delays and cost overruns. Kyriba can help. Pre-built Bank Connectivity Kyriba supports more than 40,000 bank payment scenarios for more than 1,000 banks. Connectivity options include SWIFTNet through Alliance Lite2 and Kyriba’s SWIFT Service Bureau, APIs, FTP, EBICS, BACS, Editran, CBI, Zengin and other regional protocols. With the widest range of pre-built connectivity, Kyriba will connect Oracle to any bank, for any format, in any country, and manage future connectivity and format changes while monitoring connectivity performance 24/7. Protect Against Payments Fraud 88 percent of CFOs and treasury teams report internal and external attacks on their payment workflows. Kyriba Payments Network digitizes payment workflows, standardizing payment controls to comply with internal payment policies, approval procedures and limits so that only authorized payments are executed. Real-time fraud detection screens payments against government sanction lists, corporate payment policies and historical data patterns to automatically quarantine suspicious and non-compliant payments for threat assessment. Digital Payments Transformation Standardizing digital payments transformation broadens visibility and straight-through payment processing. With a user-driven interface and workflow for payments initiated outside of Oracle, along with smart payment building features, Kyriba’s Payment Hub extends security and controls for manual payments. Digital audit trails and system documented controls ensure all payment workflows are standardized with centralized visibility and control. Benefits of Oracle Payments Digital Transformation Reduce Costs and Time to Market Pre-built format library supports 800 bank format variations and 40,000 bank testing scenarios globally for 1,000 global banks, with the ability to reach up to 11,000 institutions via SWIFT Integrated global bank connectivity delivers out-of-the-box connectivity, including APIs and SWIFTNet Fraud Detection and Compliance Benefits of Oracle Payments Digital Transformation Real-time fraud detection automatically quarantines suspicious payments and anomalies for further review and digital approval Sanction list screening is fully integrated to flag problem payments, reducing false positives Payment controls ensure that all payments activity, including manual payments, are governed by digitally-enforced payment policies and standardized controls Innovation and Intelligence Payment tracking gives full visibility including SWIFT gpi compliance CFOs can easily add/change banks to reduce bank fees, simplify cross-border payments, and innovate with real-time payments Ensure new payment services, formats and standards are fully managed by Kyriba with no internal IT support or programming required Business intelligence provides finance with real-time data visualization and payment analytics to optimize payment decisions Mobile dashboard allows for access and approvals by remote users

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, revealed $12 billion in total impacts to earnings...

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, revealed $12 billion in total impacts to earnings from currency volatility.

Kyriba offers a global pre-connected, multi-bank payments network delivering accelerated payments, bank and ERP connectivity projects, mitigating fraud risk and increasing flexibility and agility for organizations of all sizes. The Kyriba Payments Network centralizes...

Kyriba offers a global pre-connected, multi-bank payments network delivering accelerated payments, bank and ERP connectivity projects, mitigating fraud risk and increasing flexibility and agility for organizations of all sizes. The Kyriba Payments Network centralizes payment activity within one Payments Hub, automating unnecessary tasks, enhancing controls through superior fraud detection and error handling, while giving customers visibility to a complete status cockpit. Kyriba Payments Network delivers our customers an enterprise-wide payment hub and the ability to centralize payment workflows. While maintaining control of cash movements in and out of the organization, the Kyriba Payments Network provides CFOs and their teams with established connectivity to the widest network of global banks, and the ability to manage payments between multiple internal systems such as ERP, Payroll, and Treasury. Kyriba Payments Network is part of an Enterprise Liquidity platform, delivering to our customers a solution with leading practices in centralizing payments workflows, reducing the risk of fraud, holistic payments governance, and optimizing the management of liquidity. Kyriba offers pre-configured connections to your banks and can consolidate payments across your enterprise using leading, flexible and scalable technology solutions. In addition to our global capabilities with long-proven FTP and SWIFT connectivity, Kyriba offers our Open API Platform which acts as a conduit between disparate teams and systems, allowing for real-time data and services across all key workflows. The Open API Platform gives organizations access to new products and services that are accessible through Kyriba’s Developer Portal, which connects FinTech developers to Kyriba’s 2,000+ global corporate clients who have integrated Kyriba into their treasury processes, enterprise payments systems, and ERP platforms. Kyriba also offers standardized payment controls with complete security and separation of duties, alongside real-time payments fraud prevention, compliance and anomaly detection, and sanctions list payment screening.

*Accepting cookies will allow the podcast player to be displayed. Assessing Risk Through Data-Driven Insights This episode features an interview with Danielle Murcray, CFO at AttackIQ talking to The Invisible Vault host Daniel Shaffer,...

*Accepting cookies will allow the podcast player to be displayed. Assessing Risk Through Data-Driven Insights This episode features an interview with Danielle Murcray, CFO at AttackIQ talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Danielle addresses building relationships with CEOs, tackling cybersecurity and fraud, as well as assessing and managing risk as a CFO in a pandemic world. Return to The Invisible Vault

Real-Time, Instant and Faster Payments are taking shape and are being adopted by corporate treasurers and revamping their business models. Discover the benefits of use cases and adoption, innovation unlocked through messaging and data...

Real-Time, Instant and Faster Payments are taking shape and are being adopted by corporate treasurers and revamping their business models. Discover the benefits of use cases and adoption, innovation unlocked through messaging and data standards, and how real-time are an insurance contingency play for corporate treasurers.

Unbeknownst to the majority of IT & technology teams migrating to Oracle Cloud, bank connectivity looms as the most difficult part of the migration, according to 91% of IT leaders that have (Pulse survey).

Unbeknownst to the majority of IT & technology teams migrating to Oracle Cloud, bank connectivity looms as the most difficult part of the migration, according to 91% of IT leaders that have (Pulse survey).

Very often, treasurers and members of the finance organization are overly relying on spreadsheets. While spreadsheets will always have a place and purpose in all areas of an enterprise, Kyriba has numerated the return...

Very often, treasurers and members of the finance organization are overly relying on spreadsheets. While spreadsheets will always have a place and purpose in all areas of an enterprise, Kyriba has numerated the return on investment for treasurers that have upgraded to a treasury management system.

Few industries reflect the economic picture like the real estate sector. This particular industry relies on its treasury and finance teams and technology to handle challenging scenarios with typically smaller teams. Companies like DigitalBridge...

Few industries reflect the economic picture like the real estate sector. This particular industry relies on its treasury and finance teams and technology to handle challenging scenarios with typically smaller teams. Companies like DigitalBridge (DBRG:NYSE), require a robust but user-friendly platform for controlled bank connectivity, secure banking payments and fraud prevention, and full visibility into cash & liquidity.

*Accepting cookies will allow the podcast player to be displayed. How CFOs Drive Strategy and Manage Uncertainty This episode features an interview with Laurie Krebs, CFO at Red Hat talking to The Invisible Vault...

*Accepting cookies will allow the podcast player to be displayed. How CFOs Drive Strategy and Manage Uncertainty This episode features an interview with Laurie Krebs, CFO at Red Hat talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Laurie discusses supporting other women in finance, developing a business continuity plan, and working to lead the world in the way of the hybrid cloud. Return to The Invisible Vault

As Supply Chain Finance Evolves and Grows, Stay Ahead of the Curve Now more than ever, CFOs and senior finance leaders are turning to Supply Chain Finance to stabilize their supply chains and minimize...

As Supply Chain Finance Evolves and Grows, Stay Ahead of the Curve Now more than ever, CFOs and senior finance leaders are turning to Supply Chain Finance to stabilize their supply chains and minimize risk of disruption. Demand for working capital solutions continues to grow, and so do the market options. To compete more effectively, FI’s can partner with a technology provider who will help them elevate and differentiate their offering – now and over the long term. As a global provider of corporate treasury, payment and liquidity solutions, Kyriba is an ideal partner. Our cloud technology serves more than 2,500 corporate CFOs and treasurers including one quarter of the Fortune 500. Kyriba is a name your customers know and trust. Kyriba Working Capital Solutions Kyriba supports both dynamic discounting and approved payables financing (supplier finance), including a special hybrid of both. FIs can enable customers to self-fund their suppliers and then seamlessly switch to bank funded SCF as needed to ensure continuity. Receivables Financing is in pilot phase and Purchase Order Financing will be supported in 2023. Kyriba’s SCF solutions prioritize the customer experience - from supplier onboarding to ERP integration to funding requests and reporting. System users enjoy a seamless experience, keeping informed and engaged without sacrificing convenience. Accolades and Awards Kyriba’s been recognized as “best in class” by Aite Group and was awarded “Best Supplier Engagement”, “Best Dynamic Discounting”, and “Best Open Banking” by Global Finance Magazine. Kyriba Supply Chain Finance – Leading Technology, Security and Support Corporate ERP Connectivity Experts At Kyriba we know ERP connectivity with extensive integration experience across our global customer footprint. We support both API and host to host options for SCF and beyond. Strong White Labeling Functionality Kyriba makes it easy to deliver a fully integrated product that can be customized and branded to proper specifications. This includes marketing and web site content, translations, URLs, privacy notices, email templates, and branded web portals. Quick Time to Market Financial institutions can get up and running quickly with Kyriba thanks to proven SaaS infrastructure and a design team that helps to set up and model the SCF program. Flexible Backend Integration Kyriba’s SCF solutions are designed to interface with a wide variety of third-party banking applications – including trade finance, payment and core banking systems. Bank Level Security and Data Protection Financial institutions and their clients require the highest levels of security. Kyriba delivers across four pillars of security: physical security, vendor security, application security and process security, including SOC 1 Type II and Soc 2 Type II certification. Finance data is also secured with ISO 27001 certification. A Proven Global Approach Kyriba enables SCF anywhere and everywhere with support for 23 languages, global implementation capabilities, global onboarding teams and a “follow the sun” support service approach. Why Partner with Kyriba for Supply Chain Finance Customer facing and focused solutions – address the most critical differentiators Fully integrated SCF and TMS solutions can be white labeled together for maximum benefit Modular solutions – only white label what you need Supplier Onboarding can be used independently and leveraged bank wide We don’t fund. We support rather than compete with our FI partners Our Partnership extends beyond technology, we will work with your FI to Aite ensure mutual success!

Real-time payments are a game changer for many corporate finance teams who require more choices in how they send payments. It provides finance executives with more payment choices, easier reconciliation of transactions and greater...

Real-time payments are a game changer for many corporate finance teams who require more choices in how they send payments. It provides finance executives with more payment choices, easier reconciliation of transactions and greater visibility into payments. Watch this 15-minute bitesize webinar with a leading Kyriba payments specialist.

Now more than ever, it is easy and achievable for companies of all sizes to roll out successful supply chain finance programs. Historically, this has not been the case, as buyers had to be...

Now more than ever, it is easy and achievable for companies of all sizes to roll out successful supply chain finance programs. Historically, this has not been the case, as buyers had to be investment grade and suppliers were only onboarded if there was $1M minimum spend, due to onerous onboarding and KYC processes.

Visibility, transparency, and details of data that can be shared with the CFO, and greater finance organization, are critical for foreign exchange risk management, particularly in the unpredictable currency markets corporate risk managers must...

Visibility, transparency, and details of data that can be shared with the CFO, and greater finance organization, are critical for foreign exchange risk management, particularly in the unpredictable currency markets corporate risk managers must contend with today.

Join Kyriba’s Bob Stark and Strategic Treasurer’s Craig Jeffery as they discuss a range of ongoing trends and future predictions. What is happening with technology adoption (AI, ML, API, RPA)? How will compliance change...

Join Kyriba’s Bob Stark and Strategic Treasurer’s Craig Jeffery as they discuss a range of ongoing trends and future predictions. What is happening with technology adoption (AI, ML, API, RPA)? How will compliance change in 2022 (payments, KYC)? What hot trends will slow and which will accelerate (real-time, technologies)? What are the drivers of these changes (macro economic, management, risk)? Polling questions will supplement the dialog and debate in order to capture the audience views in real-time.

Kyriba Exposure Reporting is a cloud-based currency exposure management platform that enables treasury professionals to measure, monitor and manage currency exposure and the associated risk from their balance sheet. Streamline and automate your end-to-end...

Kyriba Exposure Reporting is a cloud-based currency exposure management platform that enables treasury professionals to measure, monitor and manage currency exposure and the associated risk from their balance sheet. Streamline and automate your end-to-end FX program with the data you need to measure, monitor and manage currency exposure and the associated risk from your balance sheet.   Data Collection and Consolidation Comprehensive data extraction directly from your ERP Flexible data integration allows uploading of data from additional custom sources On-demand data aggregation, mapping and derivation Data quality assessments with posting and clearing process Systematically consolidate all exposures into a single view Comprehensive Exposure Analysis and Reporting Drill down into underlying account data from any level View changes in balances and exposures over time with detailed trend reporting Conduct in-depth scenario testing, rate change impact, intercompany relationship, FX gain/loss and data integrity analyses Graphically model exposure and risk with userdefined reporting preferences Better Data Means Better Decisions Organically reduce exposure and risk with rate scenario testing and currency modeling, VaR analysis, exposure netting, cash conversions and intercompany settlements Technology enabled automatic hedge recommendations reflect FX policy thresholds and minimum hedge amounts Extend the value of treasury management systems (TMS) and trading platform technologies End-to-End Automated Data Collection through Trade Execution Complete data and exposure reporting on an automated or ad-hoc basis Secure data transfer protocols from major ERP systems using SFTP and HTTPS Automated trade preparation for secure transmission to trading platforms Secure exposure data transfer to TMS For treasury teams to effectively understand and manage corporate risk, they must have access to accurate, complete and timely data. Kyriba provides tools to facilitate quick data mining from major ERP systems and ensure data accuracy and automate data collection.  

Expand Your Banking Products and Services for Treasury, Payments, Connectivity, and Working Capital. Trusted by more than 2,500 customers, Kyriba White-label Services for Banks delivers value and expanded product coverage for cash and liquidity,...

Expand Your Banking Products and Services for Treasury, Payments, Connectivity, and Working Capital. Trusted by more than 2,500 customers, Kyriba White-label Services for Banks delivers value and expanded product coverage for cash and liquidity, payments, connectivity, financial transactions, risk management and working capital to your corporate customers and prospects. Whether your bank is a full-service provider of cash and treasury services, limited in services or using a proprietary customer portal, add value through partnering with Kyriba. Banks recognize the importance of being close to decisions around core underlying payments, investment, and financing flows that their corporate customers are making.1 — www.mckinsey.com   Kyriba’s delivers seamless integration with your core banking systems to include your administrative functions, single-sign-on (SSO), user maintenance allowing your bank systems full integration and control. Provides your bank faster and more comprehensive access to your customers’ ERPs and related information reporting through proven, existing, API connectors. Grow, solidify, and instantly expand your products and service portfolio with Kyriba’s platform of 50+ pre-built modules, used by tens of thousands of users every day. Quick, easy ‘Time to Value’ for your customers with easy-to-use functionality, Kyriba gives you integrated workflow and features they need now. Kyriba Transaction Banking - Solution Overview Connectivity, cash management and forecasting offers a suite of functions with full API integration into your bank platform to provide corporate clients with modern, innovative apps to complement their treasury workflows. Access to money market funds via APIs integration of your bank-provided and Kyriba’s Investment services enables corporate clients to seamlessly allocate cash to a variety of investments offered by your bank. Centralized payment and approvals improve your customers’ domestic and cross-border payment journey through an end-to-end integrated workflow. Smooth, correctly priced workflows improve efficiency, transparency and controlling for all manner of nuisance payments. Currency exposure calculator, analytics and position keeping strengthen treasury professionals’ tools to understand foreign currency exposures, perform analysis and determine the hedges necessary to comply with risk management policies. Kyriba’s FX Exposure Management solution has been crafted to meet these needs, extract and aggregate FX Exposures from customer systems and help in making risk management decisions. ERP connectivity leverages Kyriba’s pre-built inventory of ERP connectors to eliminate weeks and months of custom integration and payment format development. Kyriba’s bank account management solution remedies the administrative burden of BAM with improved centralized controls. Extend eBAM workflow to your customers and add value around automation the most time consuming and manually intensive processes.

Kyriba Delivers Quick and Easy Connectivity and Integration for Your Systems Kyriba’s in-house, leading Enterprise Connectivity as a Service gives our customers a complete connectivity solution encompassing ERPs, internal financial systems, third party providers,...

Kyriba Delivers Quick and Easy Connectivity and Integration for Your Systems Kyriba’s in-house, leading Enterprise Connectivity as a Service gives our customers a complete connectivity solution encompassing ERPs, internal financial systems, third party providers, and over 1,000 out-of-the-box, pre-configured, pre-tested connections with financial institutions across the globe. Kyriba’s solution includes application processing interfaces (APIs) delivering real-time integration, payments and reporting. Kyriba Connects to 1,000 Banks Globally. Connectivity Options for ERPs, Finance Systems, and Your Banks Bank Connectivity Open API Direct bank (FTP) connections SWIFT Connectivity (gpi compliant) Extensive coverage of networks (ACH, Fedwire, EBICS, BACs, EDITRAN) SWIFT Service Bureau SWIFT Alliance Lite2 Statement Concentrator Regional and Country Protocols Bank Format Transformation Enterprise Connectivity Fast, ready, connectivity for SAP, S/4HANA, Oracle ERP Cloud, Workday, MS Dynamics, NetSuite Real-time integration: cash, forecasting, payments, reporting Real-time integrations for new bank reporting Master data and GL synchronizations Eliminates batch processing Kyriba Connectivity We give organizations of all sizes global connectivity potential through leading API and direct connections across your banks, internal systems and 3rd parties. Open API Connectivity Kyriba’s Open API hub enables treasury, finance and IT teams to transform the way they access and consume information. With its API-first approach, Kyriba is building a marketplace of real-time connections to apps, data, and new products and services that inject data-driven decision-making into every financial operation. Kyriba has extended its APIs to cover all key workflows required by customers, such as reference data management, payments, liquidity, and supply chain financing to offer full accessibility and a great experience for our customers and development partners. SWIFT Connectivity SWIFT is the gold standard when it comes to connecting to banks globally. Kyriba offers multiple SWIFT connectivity options: Kyriba’s SWIFT Service Bureau offers clients their own SWIFT BIC, which includes SWIFT membership and enables unlimited volumes of payments and statements. SWIFT Alliance Lite2 has all the advantages of the Service Bureau but at a lower cost for those with reduced payment volume needs. Kyriba’s MT Concentrator service allows organizations to utilize a SWIFT BIC11 specifically provisioned for Kyriba clients, without the requirement (or cost) of becoming a SWIFT member. ERP Connectivity Kyriba provides critical connectivity for corporations to their internal ERP systems with connectivity to all major ERPs, including SAP, S/4HANA, Workday, Oracle, NetSuite, Microsoft Dynamics, as well as others. Our certified connectors accelerate implementations, while also reducing IT costs. Our connectivity to ERPs uses APIs, where possible, to access data in real time and return automatically as soon as ready, avoiding the need for IT to generate files.

Growing companies with often small treasury teams are still lagging behind the rest of the finance department, managing cash & liquidity on spreadsheets or treasury workstations. These treasury teams are not only losing productivity...

Growing companies with often small treasury teams are still lagging behind the rest of the finance department, managing cash & liquidity on spreadsheets or treasury workstations. These treasury teams are not only losing productivity due to very manual processes, the mistakes and errors that inevitably come as a result of spreadsheets are detrimental to companies’ earnings and security.

Transform how you pay foreign currency payments for greater transparency and control. Kyriba and Standard Chartered Bank transform how their customers make cross-border payments. A unified, robust payments process provides greater visibility of transaction...

Transform how you pay foreign currency payments for greater transparency and control. Kyriba and Standard Chartered Bank transform how their customers make cross-border payments. A unified, robust payments process provides greater visibility of transaction costs, enhanced controls and potential cost savings through process automation. The new API connector built together by Kyriba and Standard Chartered Bank enhances connectivity and delivers a real-time payments experience. Resilient payment processes Kyriba Cross-Border Payments allows customers to consolidate cross-border payments into a single, automated process and reduce the need for multiple bank processes, helping achieve a simpler operational infrastructure. This in turn reduces operational risk and costs. Furthermore, our customers benefit from Kyriba’s robust centralized approval workflow helping embed operational risk controls into your core processes. Improved transparency Kyriba Cross-Border Payments provides access to efficient and transparent crosscurrency payments provided by Standard Chartered Bank. The FX spread payable on the Standard Chartered Bank interbank FX rates is disclosed upfront so you always know how much you are charged for your cross-border payments. The final FX rate is confirmed upon payment authorisation and the available balance on your Standard Chartered Bank account is updated immediately to reflect the transaction. Wide currency coverage Kyriba and Standard Chartered provide payments in 27 different currencies using a single, robust process in your Kyriba platform. Seamless execution through Kyriba Using Kyriba, send as many as 100 cross-border payment instructions and Standard Chartered Bank will process them, ensuring that all payments meet local clearing system requirements. Any single payment issues do not cause a failure for the remaining payments within the batch. Automated reconciliations Payments are automatically reconciled during the day, reducing manual processes, to provide comfort in Kyriba Cross-Border Payments that payments have been processed as expected. Get up and running quickly Kyriba Cross-Border Payments is designed to be quick and easy for you to start benefiting from the service. No changes to your existing processes or systems are required and there are no upfront costs. It’s simply a case of using the new Cross-Border Payments module to initiate and transmit payments from your Standard Chartered Bank or RBS account rather than old, existing bank modules. Live Payment Tracking Kyriba offers live tracking of cross-border payments providing status monitoring and reporting on all cross-border flows. Identify any failed payments quickly and easily by monitoring them in real-time.

Some tenors of LIBOR will continue to be produced on an unrepresentative, ‘synthetic’ basis, however, contractually, fallback rates will still apply. The new fallback rate may be higher or lower than LIBOR and may...

Some tenors of LIBOR will continue to be produced on an unrepresentative, ‘synthetic’ basis, however, contractually, fallback rates will still apply. The new fallback rate may be higher or lower than LIBOR and may result in a transfer of value, either to your company or your counterparty. For that reason, rather than relying on fallback rates, many treasurers have instead already negotiated their migration to Risk Free Rates (RFRs), such as below: USD: SOFR, SOFR term EUR: ESTR, EURIBOR GBP: SONIA CHF: SARON JPY: TONA, TORF, TIBOR Obtaining Fallback Rates ISDA and the ARRC have selected official fallback providers to publish fallback rates, however, a significant charge applies to corporates wishing to obtain and use these rates. Other vendors are also likely to redistribute the official fallback rates but treasurers should pay attention to the cost and terms under which such rates are provided. Kyriba has begun providing the facility to calculate compounded rates from RFRs following ISDA’s fallback methodology. It is included at no additional cost within Kyriba’s risk module. Problems with Published Fallbacks Unlike LIBOR, fallback rates are calculated from RFRs, and so, publishers only release the rate at the end of the payment period (e.g., the fallback rate rate for “3M GBP LIBOR as of the March 1, 2022” will be published on June 1, 2022). This will likely cause corporate treasurers two issues: Payments based on fallback rates can only be calculated just before settlement. Accounting accrual cannot be calculated as no rate exists before the end of the period. To solve these issues, Kyriba will: Automate the payment process, allowing for earlier calculation and approval of payment reconciliations against banks. Provide “partial” rates based on the available RFR data, to allow for accurate accounting accrual calculations. As 2021 ends, LIBOR will also start ending. The repercussions are complex and your treasury department may not be in a position to predict the impact on your organization and its investments. Fortunately, Kyriba is here to help. Please see our LIBOR Transition Guide within Kyriba for more information on the LIBOR transition. If interested in Kyriba’s risk module then please contact your account manager or Kyriba sales at [email protected] Further Information on Migrating to Fallback Rates Be aware that using Kyriba’s functionality to generate fallback rates requires setup, as the inputs to the calculation, such as the RFRs, calendars and static data need to be provided. Once Kyriba has generated the fallback rate and used it to calculate the expected payment, a user can check these against the counterparty’s payment notice. To assist this reconciliation, Kyriba also provides a breakdown of the fallback rate calculation. Also be aware that with LIBOR ending, LIBOR interest rate curves will either cease to exist or become unreliable. These curves are used in valuation to predict LIBOR in the future and discount expected payments to the valuation date. Such interest rate curves need to be replaced with RFR interest rate curves in systems to continue producing mark-to-market (MTM) for transactions linked to fallback rates, as well as for transactions directly migrated to RFRs. Changing the interest rate curves will cause a change in the value of the MTM on the day of the change. That said, current valuations must be somewhat theoretical given that they are based on prediction of future LIBOR rates in a world where LIBOR no longer exists. The change in MTM can be reduced by not relying on fallback rates and negotiating a spread with the counterparty over RFRs.

On January 1st 2022, many tenors of LIBOR will cease and banks will likely start providing updated payment notices. Any new lending is not expected to be on LIBOR, even where LIBOR has been...

On January 1st 2022, many tenors of LIBOR will cease and banks will likely start providing updated payment notices. Any new lending is not expected to be on LIBOR, even where LIBOR has been extended. Has your organization made preparations?

It is particularly difficult in the healthcare industry, from hospitals to managed health services, to complete digital transformation, due to the unique issues of cash forecasting, data visualization & reporting, management of debt instruments,...

It is particularly difficult in the healthcare industry, from hospitals to managed health services, to complete digital transformation, due to the unique issues of cash forecasting, data visualization & reporting, management of debt instruments, streamlining banking relationships, and security.

Each party to a financial transaction needs to know with whom it is doing business. As scrutiny of these transactions increases, know-your-customer (KYC) compliance has only gotten more difficult to navigate.

Each party to a financial transaction needs to know with whom it is doing business. As scrutiny of these transactions increases, know-your-customer (KYC) compliance has only gotten more difficult to navigate.

Last year saw a tsunami of change in payment processes around the world. However, this change in payments and connectivity doesn’t come without its challenges. Managing risk from execution, technology and payments, the cost...

Last year saw a tsunami of change in payment processes around the world. However, this change in payments and connectivity doesn’t come without its challenges. Managing risk from execution, technology and payments, the cost of FX, the cost of error, international payments, fraud, and ensuring the compliance of managing multiple payment streams, are just some examples of potential hurdles.

2021 has delivered a new risk for CFOs and Treasurers to manage: Supply Chain Disruption. From wrong turns in the Suez canal to the Covid-impact on seaports to weather impacts on rail and trucking...

2021 has delivered a new risk for CFOs and Treasurers to manage: Supply Chain Disruption. From wrong turns in the Suez canal to the Covid-impact on seaports to weather impacts on rail and trucking links, we are seeing a domino effect of product shortages and inflation spanning the economy. Even Santa Claus is not immune to the effects!

Payments remain a constant focus for CFOs, CIOs, controllers, purchasing managers, and treasurers, as inefficient payment processes can inhibit supply chains, cash flow and profitability. The recent push to optimize cash and working capital,...

Payments remain a constant focus for CFOs, CIOs, controllers, purchasing managers, and treasurers, as inefficient payment processes can inhibit supply chains, cash flow and profitability. The recent push to optimize cash and working capital, combined with the increasing threat of cybercrime and payments fraud, amplify the need to centralize and standardize corporate payments. Further, secure and efficient payments are a result of connectivity to your banks and ERP systems.

Applying Principles of Quality and Efficiency from the Manufacturing World to Treasury and Finance to Achieve More Efficient FX Risk Management One of the principal tenets of Lean is a focus on customer value....

Applying Principles of Quality and Efficiency from the Manufacturing World to Treasury and Finance to Achieve More Efficient FX Risk Management One of the principal tenets of Lean is a focus on customer value. Activities that do not have a direct bearing on the value of the product or end result are targeted for elimination. Our customers, using our platform and Lean principles work to transition their foreign currency related systems and processes to create greater automation and efficiency.

Optimise your payment and reconciliation activities with an extension to Microsoft Dynamics 365 - Finance & Operations (Axapta). In this webinar, turn complex cash management tasks into simple processes by integrating a Treasury extension...

Optimise your payment and reconciliation activities with an extension to Microsoft Dynamics 365 - Finance & Operations (Axapta). In this webinar, turn complex cash management tasks into simple processes by integrating a Treasury extension to your Microsoft Dynamics 365 FO. Be inspired on how to optimise cash management processes by using an advanced add-on to your Microsoft ERP, being able to easily execute payments globally and reconcile transactions with proper governance setup. The number of solutions for Microsoft Dynamics 365 FO are enormous and by participating in this webinar, you will gain insights on the most advanced solutions on the market selected by PwC.

Both growing and established companies struggle with managing the same priorities: liquidity and risk management and reporting. Globalization Partners, a company that helps other organizations grow their global workforces, strengthened cash, liquidity and risk...

Both growing and established companies struggle with managing the same priorities: liquidity and risk management and reporting. Globalization Partners, a company that helps other organizations grow their global workforces, strengthened cash, liquidity and risk management by selecting two best-of-breed technology providers, ICD and Kyriba. Similarly, American Honda put their cash and investment workflow on cruise control following a seamless integration between ICD and Kyriba.

*Accepting cookies will allow the podcast player to be displayed. The Future of Easy, Secure, Instant Payments This episode features an interview with Reed Luhtanen, Executive Director of the U.S. Faster Payments Council talking...

*Accepting cookies will allow the podcast player to be displayed. The Future of Easy, Secure, Instant Payments This episode features an interview with Reed Luhtanen, Executive Director of the U.S. Faster Payments Council talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Reed talks about facilitating seamless transactions across a network of systems, exceeding user expectations of instant transactions, and protecting against fraud or inadvertent payments. Return to The Invisible Vault

Kyriba’s Enterprise Liquidity Management Platform offers Connectivity, Payments, Treasury, Risk and Working Capital solutions delivering visibility, controls, productivity and data-driven decision making for CFOs and their teams. Delivered through our open API developer platform...

Kyriba’s Enterprise Liquidity Management Platform offers Connectivity, Payments, Treasury, Risk and Working Capital solutions delivering visibility, controls, productivity and data-driven decision making for CFOs and their teams. Delivered through our open API developer platform and Marketplace, finance gains access to new products and services coupled with enterprise-wide integrations with banks, ERPs, third party systems, and internal data sets. With Kyriba, CFOs can see, protect, grow, and move liquidity with unprecedented velocity, precision, and efficiency. Products Treasury and Risk Management Connectivity Payments Working Capital Solutions Coverage Enterprise Organizations Mid-Sized Companies Industry Verticals Domestic and Global Organizations Solutions Coverage Developer Portal API-Driven BI and Data Visualization SOC2/ISO27001 Certified Kyriba combines these leading products to deliver a proven, holistic Enterprise Liquidity Management platform with open end-to-end connectivity across your systems and banking partners. TREASURY & RISK MANAGEMENT Kyriba provides CFOs and treasurers with the visibility and reporting they need to optimize cash returns, control bank accounts, drive reporting and compliance, and manage liquidity. CONNECTIVITY Kyriba’s in-house developed, leading Enterprise Connectivity as a Service gives our customers a complete connectivity solution for ERPs, internal financial systems and a large global selection of over 600+ ‘out of the box’ pre-configured, pre-tested connections with financial institutions across the globe. Kyriba’s solution includes application processing interfaces (APIs) delivering real-time integration, payments and reporting. Kyriba delivers the largest global banking network, multi-ERP connectivity, omni-channel payments experience, and real-time connections using robotic process automation, artificial intelligence, and distributed ledger technology. PAYMENTS Kyriba offers a global, real-time payments solution through pre-connected, multi-bank payments hub solutions along with instant fraud detection for enterprise payments processes including treasury or ad hoc payments. WORKING CAPITAL Kyriba delivers a best in class technology solution, giving CFOs tools and programs to boost free cash flow and improve financial results with early payment financing solutions that support payables term extension or improved return on cash.

Although many CFOs think of application programming interfaces (APIs) as an expedited pathway for bank connectivity, bank connections are just the tip of the iceberg. APIs open integration to a variety of systems, introducing...

Although many CFOs think of application programming interfaces (APIs) as an expedited pathway for bank connectivity, bank connections are just the tip of the iceberg. APIs open integration to a variety of systems, introducing capabilities and process automation that had not previously been possible. APIs offer an information and processing gateway to realizing digital transformation.

Are you a treasury professional working in or planning to expand into the Asia-Pacific region? With 12 chapters on topics such as liquidity management, short-term borrowing and financial risk management, this handbook gives guidance...

Are you a treasury professional working in or planning to expand into the Asia-Pacific region? With 12 chapters on topics such as liquidity management, short-term borrowing and financial risk management, this handbook gives guidance on the core tasks of a regional treasury center and explores the topics and emerging trends that shape the Asia-Pacific region.

In AFP’s 2021 Payments Fraud and Control Report, 75% of organizations across all areas were targeted for payment fraud. Moreover, due to public purchasing information, the data is hinting that number to be 95%...

In AFP’s 2021 Payments Fraud and Control Report, 75% of organizations across all areas were targeted for payment fraud. Moreover, due to public purchasing information, the data is hinting that number to be 95% among government entities at the state, local, and agency level, making them perfect targets for payment fraudsters.

As the pace of payments continues to increase, treasury professionals need technology that can keep up. Real-time or instant payments initiatives are proliferating all over the world, and these new platforms are made possible...

As the pace of payments continues to increase, treasury professionals need technology that can keep up. Real-time or instant payments initiatives are proliferating all over the world, and these new platforms are made possible through application programming interfaces (APIs). APIs enable the development and use of faster, pre-built connectors to reduce implementation times and facilitate real-time payments and security.

729 hours per month. That was the amount of time that the treasury and finance team at Cenveo - a world-leader in commercial printing - was spending to manage their cash and liquidity. This...

729 hours per month. That was the amount of time that the treasury and finance team at Cenveo - a world-leader in commercial printing - was spending to manage their cash and liquidity. This excessively labor intensive and disparate process prompted Cenveo’s CFO and director of treasury services to request a more efficient and actionable cash and liquidity management solution to help the company.

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, revealed $27.87 billion in total impacts to earnings...

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, revealed $27.87 billion in total impacts to earnings from currency volatility.

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and free cash flow. Kyriba offers CFOs three compelling benefits: the ability to improve working capital, the...

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and free cash flow. Kyriba offers CFOs three compelling benefits: the ability to improve working capital, the opportunity to increase net income, and the capacity to optimize cash flows. Kyriba offers multiple early payment programs to improve financial performance. Dynamic Discounting reduces cost of goods sold through the direct discounts earned from suppliers, increasing net income while simultaneously improving the return on excess cash liquidity. Supply Chain Finance facilitates term extension on payables, preserving cash for longer on the balance sheet and increasing free cash flow. Receivables Finance, currently in the final stages of development, optimizes cash flow by allowing sellers to be paid early for unpaid receivables from customers. Reduce Risk in the Supply Chain With many organizations under pressure to extend DPO by paying suppliers later, Kyriba’s Working Capital solutions allow suppliers to be paid early in exchange for a discount or financing fee at a lower cost of funding than they can achieve on their own. Early payment programs supported by Kyriba’s cloud platform allow an organization’s suppliers to improve their own working capital to increase production efficiencies and drive growth. Dynamic Discounting Dynamic Discounting programs are best suited for organizations that have excess cash and liquidity and are looking for an alternative to low-yield, short-term investments to earn risk-free returns on cash. With Kyriba, buyers can structure early payment programs in return for dynamically calculated discounts. » Suppliers can request early payment from buyers in exchange for an invoice discount on a stated day for a specific amount. Supply Chain Finance Kyriba’s Supply Chain Finance (SCF) platform is ideal for organizations looking for term extensions on their payables to improve cash flow performance. SCF, also known as reverse factoring, allows buyers to offer suppliers the ability to receive early payment of a receivable owed by the buyer associated with goods and services provided. » Suppliers can access lower financing costs by discounting receivables using the buyer’s superior credit rating at no cost to the buyer. Receivables Finance With Kyriba’s Receivables Finance solution, sellers can centralize and simplify all receivables finance programs into one portal, but without having to change funding providers. It allows the corporate to remain in control of obtaining the most efficient funding sources for its receivables and yet manage the program on a single funder agnostic platform. » Corporate customers can manage the end-toend journey of a receivables finance program with funders, including extraction of relevant information, updating the ERP and providing detailed reporting to manage risk. Integration and Reporting in a Single Platform Kyriba delivers CFO decision making, analysis and performance management tools in a single cloud portal. Kyriba’s all-in-one Working Capital and Payments solution is available through our Enterprise Liquidity Network. Kyriba Working Capital gives you access to business intelligence and reporting dashboards to drive quick and easy analysis of your overall program financing. Gain access to your program statistics, such as top financing arrangements, invoice statistics, overall financing information, and locations of your suppliers.

Real-time or instant payments initiatives are proliferating all over the globe, but corporate adoption has lagged thus far. To justify investment in real-time payments finance and treasury departments need to define clear use cases...

Real-time or instant payments initiatives are proliferating all over the globe, but corporate adoption has lagged thus far. To justify investment in real-time payments finance and treasury departments need to define clear use cases for them. This new eBook, Making Real-Time Payments a Reality for Finance and Treasury, explores the recent push for real-time payments around the world, as well as the potential that these payments have for businesses.

Enterprise Liquidity Management results in $490K value in less than 3 months Cenveo needed a way to improve visibility into overall liquidity and provide management on-demand insights into the performance of their strategic liquidity...

Enterprise Liquidity Management results in $490K value in less than 3 months Cenveo needed a way to improve visibility into overall liquidity and provide management on-demand insights into the performance of their strategic liquidity objectives. Their digital transformation in Enterprise Liquidity Management through Kyriba saw immediate, impactful results. Key Challenges Executive leadership needed reliable, real-time, actionable liquidity insights and on-demand scenario analysis. Disparate, labor intensive, and inconsistent treasury processes consumed 729 hours/month across a small team. Excessive labor intensity and process disparity in Cash Management, Cash Forecasting and Payment Workflows required more than seven hours a day to manage. Journey to Digital Transformation Consulting firm Clearsulting executed a wholistic evaluation of people, systems, and processes, highlighting the need for liquidity management software. Once the requirements were understood, Clearsulting helped improve the invoice approval and payment process, optimized cash forecasting and cash accounting processes, and led the implementation of Cenveo's Kyriba solutions. Cenveo leveraged Kyriba Value Engineering’s Collaborative Value Assessment (CVA) to help evaluate what to change, why change it, and why now. “Kyriba’s Enterprise Liquidity Management platform achieved the CFO’s objective or reliable timely liquidity insights and enabled my team’s transformation from tactical to strategic business partner.” Benjamin Seal, VP Treasury   Value Realization: 657 Hours Per Month The Value Realization Assessment (VRA) enabled Cenveo to provide the current state review post Kyriba deployment, resulting in 90% productivity improvement, including but not limited to: Cash Management: 100% real-time liquidity visibility, 95 hours per month productivity gain. Cash Forecasting: 43% liquidity forecast accuracy improvement, 113 hours per month productivity gain. Liquidity Payment Optimization: Increases in data integrity and workflow controls ensured no loss of discounts, 137 hours per month productivity gain. “The most critical step in our solution evaluation process included leveraging Kyriba’s Value Engineering service that helped us document what we need, why we need it, and why now is the time to execute.” Benjamin Seal, VP Treasury   Cenveo & Kyriba: Strategic Business Partnership Supply Chain Financing: Evaluating upside potential of $17.7M in cash flow benefit. Business Interruption Claims: Beginning the process of filing for an estimated $1M benefit.

Finance transformation cannot be completed without safe, secure, and adaptive connectivity, linking your ever growing and complex technologies and banks. Seated at the crossroad between the greater finance organization and IT, connectivity is a...

Finance transformation cannot be completed without safe, secure, and adaptive connectivity, linking your ever growing and complex technologies and banks. Seated at the crossroad between the greater finance organization and IT, connectivity is a cornerstone to corporates’ decision-making ability, real-time liquidity, and retaining of bank relationships during ERP migrations to SAP S/4HANA or Oracle Cloud.

*Accepting cookies will allow the podcast player to be displayed. 10 CFOs and Senior Leaders This episode features highlights from our first ten episodes focusing on the importance of data. We hear from Ann...

*Accepting cookies will allow the podcast player to be displayed. 10 CFOs and Senior Leaders This episode features highlights from our first ten episodes focusing on the importance of data. We hear from Ann Dennison, CFO of Nasdaq, Jaye Connolly-Labelle, Chairman and CEO of RippleNami, Hamza Benamar, CFO of Kyriba, and more. Together, they bring you the most relevant insights to help you unlock the power of data in your own organization’s finance department. Eric Ball, Co-Founder & General Partner at tImpact Venture Capital Jennifer Ceran, former CFO at Smartsheet Michael Dinkins, President and CEO at Dinkins Financial Jaye Connolly-Labelle, Chairman and CEO at RippleNami Niklas Bergentoft, Principal in Global Treasury Advisory Services at Deloitte & Touche, LLC Katherine Edenbach, CAO at Emburse Wolfgang Koester, Chief Evangelist Kyriba Ann Dennison, CFO at Nasdaq Hamza Benamar, CFO at Kyriba Ross Tennenbaum, CFO at Avalara Return to The Invisible Vault

Many Treasurers and their respective CFOs are faced with a mandate from the board to provide more timely and reliable insights into liquidity in both the short and long term. In a recent CFO.com...

Many Treasurers and their respective CFOs are faced with a mandate from the board to provide more timely and reliable insights into liquidity in both the short and long term. In a recent CFO.com survey, nearly half of CFOs mentioned “unreliable cash forecasts (and visibility)” in their top three areas that are causing concern.

Blossoming companies using Microsoft Dynamics 365 are running into a needing-to-be-solved obstacle: Payments & Bank Connectivity with the complexities of file formats, currencies, in multiple geographies through many payment systems. On top of that,...

Blossoming companies using Microsoft Dynamics 365 are running into a needing-to-be-solved obstacle: Payments & Bank Connectivity with the complexities of file formats, currencies, in multiple geographies through many payment systems. On top of that, these payments need to be secure and fraud resistant, while also being simple and friendly for business user groups in the finance organization. Enter Kyriba Payments for Microsoft Dynamics 365.

Payment errors and compliance violations cause significant losses for businesses of all sizes. Fraud alone cost companies more than $42 billion last year, according to PwC’s Global Economic Crime and Fraud Survey. The repercussions...

Payment errors and compliance violations cause significant losses for businesses of all sizes. Fraud alone cost companies more than $42 billion last year, according to PwC’s Global Economic Crime and Fraud Survey. The repercussions are wide-ranging, from arduous public disclosures and legal fees to reputational damage. Some are the result of attacks by elite cybercriminals, while others are simple mistakes made by careless or inexperienced employees. Kyriba’s Payments Fraud Solution delivers confidence that payment fraud attempts, errors and policy violations are captured, identified, and eliminated, saving your organization time, effort, and money. Payment Management Many treasury departments rely on ineffective solutions to process and execute their payments. When these systems fail to catch a violation, it can go undetected for weeks or months before someone notices and attempts to recuperate the funds. Today’s challenges require preemptive solutions. Kyriba Payments puts the control in the hands of the user while providing full support on the back end. Users can assign up to nine levels of payment approvals, which can all be made from the device of your choice. Multiple payment types are supported, and acknowledgements are always sent from the receiving bank. Furthermore, Kyriba Payments gives treasury departments a fully automated, proactive system that recognizes potential problems before payments are executed. Using artificial intelligence and machine learning, Kyriba’s module examines your transaction history and isolates anomalies. It can catch variances that humans can’t, and constantly adapts when it uncovers problems. Detecting and Halting Payments Fraud A failure in compliance often means success at payments fraud. According to the 2021 AFP Payments Fraud and Control Survey, business email compromise (BEC) scams surged last year as many companies moved to remote working models and verifying payment instructions became more challenging. Fully 61% of respondents view their accounts payable (AP) departments as being susceptible to BEC. Kyriba Payments Fraud Detection supports the CFO’s internal governance procedures and controls framework: Irregular Payment Patterns Fraudsters now use artificial intelligence (AI) in their efforts to penetrate corporate defenses. CIOs can up their game by also incorporating machine learning (ML) algorithms into their payment audits. The ML program screens every new payment against the payment history, identifying – and quarantining – suspicious payments for further review. While in prior decades this analysis would have been done manually, the speed and data requirements to fulfill this task today make automation a necessity. Bank Account Validation Using application programming interfaces (APIs), Kyriba connects, in real-time, to cloud-managed databases and confirms that the bank accounts being credited to in the payment instructions belong to the intended counterparty. This is one important layer of protection in the fight against BEC scams and other phishing attempts. Until the advent of API connectors, this validation was never a part of the ERP-to-bank payment journey. Payment Policy Screening Every CFO has a comprehensive payment policy, documenting the review, approval, and denial procedures for their organization’s payment scenarios. These policies have multiplied in complexity, as new examples are introduced, often in response to fraud exposures and attempts. The challenge for CFOs is screening every single payment that goes out the door against these payment policies. While CIOs can digitize payment policies, the algorithms and data required to identify and quarantine suspicious payments require more advanced automation that API-driven connectivity platforms are ready to support. Eliminating Duplicate Payments Among the most significant and frequent types of violations that occur are duplicate invoice payments. Duplicate payments can result in time-consuming investigations, significant efforts to recuperate money, compliance consequences, and reputational damage. While duplicate payments can stem from fraud, they also come about without any malicious intent. Oftentimes, a merger or acquisition will see two AP teams and/or ERP systems not working in tandem. This can lead to invoice payments being made multiple times, even though ERP systems are typically set up to prevent these types of errors. Duplicates can also result from errors in vendor master data, or payment terms being applied incorrectly. Large amounts of duplicate low-value/highvolume payments, which often go unnoticed for large periods of time, can result in substantial losses and lengthy investigations. Meanwhile, a small amount of duplicate high-value/low-volume payments might be noticed quickly but will surely have immediate repercussions on an organization’s cash flow. Kyriba’s Fraud Module has exceptional screening capabilities to detect and stop these errors before they happen. Even stopping just one errant payment can prove to be imperative; last year, Kyriba halted a payment for a client that would have resulted in a $1.68 million loss. In 2020 alone, Kyriba saved its clients more than $350 million by stopping hundreds of duplicate payments. The Choice is Yours Payments errors and compliance violations will continue to be an issue for any treasury department relying on ineffective management or antiquated systems. Modern threats call for modern solutions. Kyriba Payments is the only choice for challenges of today—and tomorrow.

Banks have increasingly adopted application programming interfaces (APIs) to offer better experiences for their customers. But APIs have potential far beyond bank connections. As the leader in connectivity in treasury and finance, Kyriba understands...

Banks have increasingly adopted application programming interfaces (APIs) to offer better experiences for their customers. But APIs have potential far beyond bank connections. As the leader in connectivity in treasury and finance, Kyriba understands how to maximize the power of APIs to help finance leaders drive digital transformation and more informed decision-making. Kyriba’s Open API hub enables treasury, finance and IT teams to transform the way they access and consume information. What is an API? APIs allow software applications to exchange data. They enable the development of faster, prebuilt connectors to transfer data between systems, reducing implementation times, standardizing onboarding and security, and providing users with instant access to data from internal and external systems. For corporate treasury and finance, APIs have nearly limitless potential. They facilitate an open ecosystem that allows for third-party developers to build applications on top of the API provider’s platform. They expedite the flow of bank data, providing corporate treasury and finance departments with a host of benefits. APIs are the catalyst for real-time treasury and finance, enabling CFOs and treasurers to make better, more informed decisions. Banking APIs Kyriba connects with over 1,000 global banks every day on behalf of our 2,500 clients using a variety of connection protocols, including APIs. Most banks have not published APIs and are not using APIs in live production yet. However, Kyriba connects to those banks that support APIs, alongside other connection methods like FTP and SWIFT. Banking services available via API vary by bank, but can include real-time payments, domestic payments, cross-border payments, bank balance and transaction reporting, and SWIFT gpi payment tracking. While API connectivity is transparent to the user, it brings key advantages over a file-based approach, such as immediate response from banks, and the ability to receive new data and notifications in real-time. ERP APIs Kyriba has developed API connectors to SAP, Oracle, Microsoft Dynamics, and other major ERP providers, alongside a host of enterprise platforms that focus on mid-sized companies and/or targeted industries. Kyriba’s ERP API connectors provide real-time data flows, including event-based notifications. Kyriba can also push instant updates, like changes in payment status, to your ERP. Kyriba’s ERP API package delivers: Out-of-the-Box ERP Integrations for Kyriba workflows: These include cash forecasting, payment initiation, payment confirmations, cash and financial instrument accounting, and GL reconciliation ERP Connectivity Wizard: Self-service, contextdriven experience allowing for the setup of ERP to Kyriba connectivity and provisioning for partners and customers via the development portal ERP Package Downloads: Self-service access to ERP-side integration components and documentation Open API for ERPs: Supporting direct-connect API endpoints for additional ERP integrations Open API Platform Kyriba’s Open API hub enables treasury, finance and IT teams to transform the way they access and consume information. While other providers may offer APIs as additional features, Kyriba has taken an API-first approach. We are building a marketplace of real-time connections to apps, data, and new products and services that inject data-driven decision making into every financial operation. A common frustration among treasury and finance leaders is a lack of centralized visibility across multiple departments, liquidity and payments. Kyriba’s Open API acts as a conduit between disparate teams and systems, allowing for real-time data and services. Through our platform, antiquated processes like manual logins to bank portals and reliance on Excel spreadsheets will be remnants of the past. Kyriba has extended its APIs to cover all key workflows required by customers, such as reference data management, payments, liquidity, and supply chain financing to offer full accessibility and a great experience for our customers and development partners.

*Accepting cookies will allow the podcast player to be displayed. Enrique Calderon This episode features an interview with Enrique Calderon, former Assistant Treasurer at Fluor, a global engineering construction company with a revenue of...

*Accepting cookies will allow the podcast player to be displayed. Enrique Calderon This episode features an interview with Enrique Calderon, former Assistant Treasurer at Fluor, a global engineering construction company with a revenue of $15.7B in 2020 and ranked 181 among the Fortune 500, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Enrique talks about what it was like adopting the Euro at a massive organization, how important it is to understand liquidity whether or not your company is flush with cash, and shares some valuable advice on getting promoted. Enrique has spent an impressive 45 years in Treasury. Prior to his 14 years as Assistant Treasurer at Fluor, Enrique spent 29 years working for AT&T or its divested companies, where he took on an assignment in a joint venture with Telefonica in Spain and became regional treasurer for Latin America and later for Europe, the Middle East and Africa. Return to The Invisible Vault

Cash flow forecasting is typically a very manual process that takes quite a bit of time. Further, people sometimes question the accuracy of the forecast and thereby the usefulness of spending too much time...

Cash flow forecasting is typically a very manual process that takes quite a bit of time. Further, people sometimes question the accuracy of the forecast and thereby the usefulness of spending too much time on forecasting. In this webinar you will get a presentation of full blown TMS solutions and more niche focused solutions to give you insight on how to automate the process and increase the accuracy of your forecasting.

*Accepting cookies will allow the podcast player to be displayed. Ross Tennenbaum This episode features an interview with Ross Tennenbaum, CFO of Avalara - the leading provider of automated tax compliance software with a...

*Accepting cookies will allow the podcast player to be displayed. Ross Tennenbaum This episode features an interview with Ross Tennenbaum, CFO of Avalara - the leading provider of automated tax compliance software with a market cap of nearly $15B, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Ross discusses how to harness skills from previous finance roles to become a strategic partner as CFO, when to bring on a treasurer, and leveraging modern technology to drive growth. Over his more than 20-year career, Ross has served in operational and financial leadership roles for companies like Credit Suisse and Goldman Sachs. He’s an entrepreneur and investment banker turned software executive, with an MBA from The Wharton School. Return to The Invisible Vault

CIOs & CFOs are reporting that generating XML ISO20022 payment format variations, building new bank connections, and new fraud prevention safeguards, is demanding more time, money, and resources than ever. Add the complexity of...

CIOs & CFOs are reporting that generating XML ISO20022 payment format variations, building new bank connections, and new fraud prevention safeguards, is demanding more time, money, and resources than ever. Add the complexity of digital transformation as 35% of SAP customers are planning to move to S/4HANA in the next five years, a hybrid remote/in-office workforce, and the necessity to simplify this process increases even more.

“When do I know my finance organization has outgrown spreadsheets for managing our cash and risk? Which inefficiencies could we overcome moving beyond Excel? How many hours and dollars could we gain? Which processes...

“When do I know my finance organization has outgrown spreadsheets for managing our cash and risk? Which inefficiencies could we overcome moving beyond Excel? How many hours and dollars could we gain? Which processes could we automate and standardize by upgrading our technology?”

APIs are becoming a very popular buzzword in treasury, payments, finance, in part to deliver on the promise of open banking and real-time connectivity between systems. While APIs offer great efficiencies for bank and...

APIs are becoming a very popular buzzword in treasury, payments, finance, in part to deliver on the promise of open banking and real-time connectivity between systems. While APIs offer great efficiencies for bank and ERP connectivity, there is a bigger prize for CFOs and Treasurers than a quicker implementation or quicker exchange of information.

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this webinar, we examine common pain points...

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this webinar, we examine common pain points and outline ways to improve payment workflows through better connectivity, control and optimisation.

After a year and a half of Deloitte’s Treasury Advisory team serving many of the world’s emerging corporations through an unsettled global economy, the Advisory team noticed an increase in popularity of a noteworthy...

After a year and a half of Deloitte’s Treasury Advisory team serving many of the world’s emerging corporations through an unsettled global economy, the Advisory team noticed an increase in popularity of a noteworthy trend - the formation of International Treasury Centers.

*Accepting cookies will allow the podcast player to be displayed. Hamza Benamar This episode features an interview with Hamza Benamar, CFO of Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market...

*Accepting cookies will allow the podcast player to be displayed. Hamza Benamar This episode features an interview with Hamza Benamar, CFO of Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Hamza discusses the importance of being attuned to the global market, how we’re coming closer to full digitization of payments, and how the pandemic is redefining talent acquisition as well as the workplace. Hamza has spent more than 20 years driving financial performance, 12 of which were spent internationally, in Europe, Asia and Latin America. Before Kyriba, he served in leadership roles in finance, operations, consulting, and pre-sales at companies like Amgen, Wolters Kluwer and SunGuard. Return to The Invisible Vault

Swile set its sights on becoming a global player in employee engagement using a fully virtual solution. To achieve this goal, Swile offers a single smartcard to access all employee benefits (meal vouchers, gift...

Swile set its sights on becoming a global player in employee engagement using a fully virtual solution. To achieve this goal, Swile offers a single smartcard to access all employee benefits (meal vouchers, gift vouchers and coming soon, a sustainable mobility voucher) using an app to measure, manage, and impact employee engagement. In less than three years, Swile has acquired 13,000 corporate customers of all sizes and more than 400,000 cardholders, i.e., more than 10% of the entire market, based on its DNA — focusing on the human and social aspects. A business that uses Swile Swile's treasury management model is unique. Swile holds cash for third parties. Doing so requires segregating cash into accounts and categorizing it so that the treasury team can monitor and manage it accurately. “Controlling cash is key for all businesses, but this is even truer for a business that holds money for third parties. We must be able to control and categorize flows so we can accurately determine what does and doesn't belong to us. Using the Kyriba Cash and Payment modules, we categorize flows accurately,” says Frédéric Chabrol, Swile’s VP Finance. "Kyriba's disruptive story mirrors ours. We have the same DNA. I really appreciated the customized support we received when we were evaluating Kyriba and then the implementation support from Absys Cyborg’s treasury management consultants. This project has a lot of human aspects and that was incredible." Frédéric Chabrol, Swile’s VP Finance   The CNTR, the French meal vouchers agency, audits Swile monthly. To comply with regulations, Swile must be able to accurately explain cash flow. If volumes grow by leaps and bounds, specialized technical expertise is required to provide insight into those changes. “In a way, we are a medium-sized business, but we specialize in the issues of large businesses,” explains Romain Giraudeau, Swile’s Cash Manager. In 2019, Swile’s CFO embarked on a process to pick a treasury management solution to keep up with the company’s hypergrowth and manage its cash: “We wanted to bring on board a sufficiently robust solution to manage our growth outside of France and be able to pinpoint the company’s treasury in a centralized manner. Uploading bank statements is one thing, but managing payments is crucial, especially in Brazil, the largest meal voucher market globally," Chabrol points out. Alongside the project, the CFO decided to hire a Cash Manager. “I’ve been using the Kyriba solution since its inception. I practically learned treasury management using it, starting with my internship and until now. When I first started at Swile, I was pleasantly surprised to find that they were using this solution. It has clearly passed the test of time. When you pick Kyriba, you can't go wrong,” Giraudeau tells us. "The various solutions offered by mainstream banks did not meet the company’s challenges. By contrast, the Kyriba solution met my expectations but could prove too costly. I was lucky that Kyriba understood our needs and approached us in the right way with a proposal that allowed us to use the solution." Frédéric Chabrol, Swile’s VP Finance   A choice that meets Swile's technological and HR ambitions Swile settled on Kyriba’s treasury management solution due to its ability to handle the company’s complex transactions. The treasury teams at Kyriba and Absys Cyborg instilled Swile with confidence because both offered hands-on approaches. “Kyriba's disruptive story mirrors ours. We have the same DNA. I really appreciated the customized support we received when we were evaluating Kyriba and then the implementation support from Absys Cyborg’s treasury management consultants. This project has a lot of human aspects and that was incredible,” Chabrol confides. The Swile project began in the first quarter of 2020. Although Kyriba is often mistakenly thought of as a solution for large businesses only, Swile understood that its solution must address the company’s ambitions. It had to enable the CFO to manage Swile’s hyper growth and follow the roadmap drawn up by senior management. For Chabrol, “The various solutions offered by mainstream banks did not rise up to meet the company’s challenges. By contrast, the Kyriba solution met my expectations but could prove too costly. I was lucky that Kyriba understood our needs and approached us in the right way with a proposal that allowed us to use the solution.” The CFO also had to factor in a heavily regulated environment in which internal controls and protections against fraud and money laundering are ever present. “By just clicking on a button, you can view cash flow, track flows and comply with regulations. Everything is simpler when you have great visibility,” Chabrol adds. “Our core business is controlling our cash and cash burn. The treasury solution is a core building block and by automating it from end to end, we can achieve total financial control.” The SaaS model (Software-as-a-Service) also played a major role by providing real, instant advantages when the project went live in April 2020. According to Giraudeau: “These days working with SaaS is the obvious choice and security is not really an issue. First, I trust Kyriba to manage security in its entirety. Further, how confidential can figures on a bank statement be? It is instant availability that is crucial. I was very happy during the Covid-19 health emergency to be able to log in remotely and access all the data.” Boosting the HR link across the globe Swile's CFO was closely involved in the treasury management project from the selection process up to implementation: “All CFOs should follow this process and make it fit in with a company’s strategy. The solution is simple enough to log in to check a company’s health daily,” Giraudeau asserts. Swile has implemented effective and efficient processes to take full advantage of the solution. But more than anything, the solution has the ability to reinvent itself, depending on current trends and the company’s strategy: “After France, we focused on Brazil, the industry’s leading market. Currently, we are focusing on Mexico and on Europe overall,” Chabrol affirms. Eventually, Swile would like to set up localized treasury to work across various time zones, manage regulations, and market specificities while continuing to conduct centralized management from headquarters. Chabrol concludes: “In the end, the first international connectivity project was implemented in a country in which bank regulation and communication are not as straightforward as in Europe. We had to be pioneers and stay as up to date as possible. “As we expand into other countries, Swile is going to enhance the solution’s features to keep up with the company’s ambitions. This involves setting up a Shared Services center and a Payment Factory. At the same time, the CFO would like to improve the dashboard to be increasingly connected and automated and adopt emerging technologies, including artificial intelligence for forecasting.” ABOUT SWILE Swile is a fintech started up in February 2018 by Loïc Soubeyrand. It has already raised €115 million since inception. Swile offers a single smartcard to access all employee benefits (meal vouchers, gift vouchers, etc.) with an app to measure, manage, and impact employee engagement daily. The company has a workforce of 400, 13,000 corporate customers, and 400,000 users.

Managing balance sheet FX exposure in a daily vs. single rate is an often discussed treasury topic in corporate risk mitigation. There are different results and perspectives, with a void left for real data...

Managing balance sheet FX exposure in a daily vs. single rate is an often discussed treasury topic in corporate risk mitigation. There are different results and perspectives, with a void left for real data and results to be shared in the space. With support from Kyriba clients, research has been gathered that examines trends related to FX accounting rate usage across industries, company sizes, geographies, and ERP landscapes.

*Accepting cookies will allow the podcast player to be displayed. Ann Dennison This episode features an interview with Ann Dennison, EVP and CFO, talking to The Invisible Vault host Bob Stark, Head of Market...

*Accepting cookies will allow the podcast player to be displayed. Ann Dennison This episode features an interview with Ann Dennison, EVP and CFO, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Ann discusses market resiliency, cutting-edge topics like ESG and the digital asset space, and the transformation of the CFO from a numbers person to a strategic advisor. Ann has more than 20 years of experience in corporate finance and financial reporting and analysis. At Nasdaq, she’s responsible for accounting, FP&A, budgeting, planning and procurement. Prior to joining Nasdaq in 2015, Ann was a managing director and head of financial reporting at Goldman Sachs. Return to The Invisible Vault

A traditionally time-consuming exercise, the end-to-end bank reconciliation process requires heavy IT involvement on the front-end and manual review of large transactional volumes by accounting teams throughout the period. The rise of cryptocurrencies, social...

A traditionally time-consuming exercise, the end-to-end bank reconciliation process requires heavy IT involvement on the front-end and manual review of large transactional volumes by accounting teams throughout the period. The rise of cryptocurrencies, social media, and open banking has changed the landscape for financial service companies, creating new opportunities to generate and transfer wealth. The new landscape means finance executives must redefine their markets and transform business models to drive revenues and capture greater addressable markets.

*Accepting cookies will allow the podcast player to be displayed. Wolfgang Koester This episode features an interview with Wolfgang Koester, Chief Evangelist at Kyriba, talking to The Invisible Vault host Bob Stark, Head of...

*Accepting cookies will allow the podcast player to be displayed. Wolfgang Koester This episode features an interview with Wolfgang Koester, Chief Evangelist at Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Wolfgang has spent more than 30 years in currency markets, with experience working for Fortune 1,000 companies and government entities. He is the former CEO and co-founder of FiREapps, and was named one of the “100 Most Influential People in Finance,” by Treasury & Risk Magazine. On this episode, Wolfgang discusses the importance of knowing your exposures, defining risk, and the possibility of a global electronic currency. Return to The Invisible Vault

*Accepting cookies will allow the podcast player to be displayed. Katherine Edenbach This episode features an interview with Katherine Edenbach, CFO of Emburse, talking to The Invisible Vault host Bob Stark, Head of Market...

*Accepting cookies will allow the podcast player to be displayed. Katherine Edenbach This episode features an interview with Katherine Edenbach, CFO of Emburse, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Katherine has an impressive career of over 20 years in accounting and finance. Before coming to Emburse, she was CFO of Certify, Inc., VP of finance at CashStar and served in various senior accounting and finance roles at Fairchild Semiconductor and WEX, Inc. On this episode, Katherine talks about the latest in fraud trends, the renewed importance of cash management amid the pandemic, and how accurate data leads to better decision making. Return to The Invisible Vault

Financial organizations of all sizes on Oracle Netsuite are supplementing, reducing financial risks, and empowering their treasury teams by bolting on Kyriba. Certified and “Built for Netsuite”, Kyriba naturally complements Netsuite, allowing finance teams...

Financial organizations of all sizes on Oracle Netsuite are supplementing, reducing financial risks, and empowering their treasury teams by bolting on Kyriba. Certified and “Built for Netsuite”, Kyriba naturally complements Netsuite, allowing finance teams to seamlessly visualize cash positions and forecasts, all within their NetSuite application.

In a post-pandemic world, there’s a major reset for most organizations, not many businesses have prospered and gone unscathed. The industries that have tended to fare better than most: food retail, e-commerce and retailers...

In a post-pandemic world, there’s a major reset for most organizations, not many businesses have prospered and gone unscathed. The industries that have tended to fare better than most: food retail, e-commerce and retailers that cater for home improvements.

*Accepting cookies will allow the podcast player to be displayed. Niklas Bergentoft This episode features an interview with Niklas Bergentoft, Principal at Deloitte & Touche LLP. Niklas has been at Deloitte & Touche LLP...

*Accepting cookies will allow the podcast player to be displayed. Niklas Bergentoft This episode features an interview with Niklas Bergentoft, Principal at Deloitte & Touche LLP. Niklas has been at Deloitte & Touche LLP for 15 years, and currently leads the company’s treasury practice in the US. His multifaceted role involves setting strategy and building capabilities for business growth, shaping the firm’s methodologies, relationship building, and client delivery. On this episode, Niklas discusses how he helped his clients navigate the challenges of the pandemic and how 2020 emphasized a greater focus on controlling all aspects of liquidity. He also shares his thoughts on the expansion and evolution of the treasurer’s role, automation and digitization within the CFOs office, and he offers some poignant managerial advice. Return to The Invisible Vault

*Accepting cookies will allow the podcast player to be displayed. Jaye Connolly-LaBelle This episode features an interview with Jaye Connolly-LaBelle, Chairman and CEO of RippleNami, Inc., a global technology company that has redefined a...

*Accepting cookies will allow the podcast player to be displayed. Jaye Connolly-LaBelle This episode features an interview with Jaye Connolly-LaBelle, Chairman and CEO of RippleNami, Inc., a global technology company that has redefined a simple-to-use technology platform leveraging artificial intelligence, blockchain, and data visualization, and currently has a keen focus in Africa. Jaye boasts an impressive 35-year career in finance, technology, audit, healthcare, and M&A, with extensive leadership experience including key C-level roles at both private and publicly traded corporations. On this episode, Jaye discusses why successful CFOs embrace data and technology, why traceability and transparency are the buzzwords of the future, next-gen applications for blockchain and cryptology, and why Africa is a greenfield opportunity that will have the largest marketplace in the world by 2030. Return to The Invisible Vault

Unbeknownst to the majority of IT & technology teams migrating to the Cloud, bank connectivity looms as the most difficult aspect of ERP migrations according to 91% of IT leaders that have migrated (Pulse...

Unbeknownst to the majority of IT & technology teams migrating to the Cloud, bank connectivity looms as the most difficult aspect of ERP migrations according to 91% of IT leaders that have migrated (Pulse survey). Treasury, accounting, and the greater finance organization must maintain their bank connections during the move to the Cloud.

Corporate treasury departments rely on technology to drive productivity and free up time to improve liquidity, reduce risk and optimize costs. More frequently, treasury teams are considering digital treasury tools, including robotic process automation...

Corporate treasury departments rely on technology to drive productivity and free up time to improve liquidity, reduce risk and optimize costs. More frequently, treasury teams are considering digital treasury tools, including robotic process automation (RPA) and machine learning (ML), in attempts to drive greater automation, insight, and decision making across treasury and finance.

Introduction and Background Organizations currently using LIBOR as a benchmark for financial contracts and pricing have until December 31, 2021 to complete their transition to new risk free indices. Since 2018, Kyriba has collaborated...

Introduction and Background Organizations currently using LIBOR as a benchmark for financial contracts and pricing have until December 31, 2021 to complete their transition to new risk free indices. Since 2018, Kyriba has collaborated with official working groups, industry bodies, leading accountancy firms and other market participants in every affected region. This has kept our product teams closely aligned to the latest LIBOR transition developments and market practices allowing us to provide the requisite updates to functionality and reporting. This document offers a review of the latest market developments, the emerging rate alternatives that are emerging and how Kyriba is supporting our clients in their transition to Risk Free Rates (RFR), including proven calculation methodologies and automatic platform updates for all new enhancements. LIBOR Alternatives Continue to Evolve Kyriba’s risk management task force continues to monitor ongoing news and guidance as LIBOR support will end on December 31, 2021. In the United States, SOFR has been recommended to replace USD LIBOR, although some exceptions for complex, legacy contracts may exist until 2023. The European Central Bank (ECB) has joined other regions in publishing official 1m, 3m, 6m, 12m compounded rates to support stakeholders in transitioning their lending, hedging, and intercompany transactions to SONIA (UK), ESTER (EU), CORRA (Canada), SARON (Switzerland) and other countryspecific LIBOR replacements. A number of market data providers, such as Bloomberg and Refinitiv, have also begun providing fallback rates that can be used in loan calculations. While there is limited market data available for non-vanilla trades, market data for cross-currency swaps, caps, floors and swaptions will soon be available. Additional Impact for Treasury Teams Besides the obvious challenges in transitioning LIBOR contracts to new indices, additional considerations for treasury and finance teams include: In-arrears interest payments: instead of calculating interest payment in advance, in-arrears calculations will be required with calculation ‘lags’ of five or more days to ensure calculation accuracy. Transfer pricing: effects can be for both internal and external contracts and may be present in other programs. LIBOR contracts existing outside the treasury portfolio: many organizations have contracts in other parts of finance — e.g. customer and procurement agreements that may have LIBOR terms embedded within them. Other geographies: each country or region may feature a different risk free rate replacement for their existing rate. Further, cross-border transactions or agreements in countries with close trading ties (e.g. Canada and the US) should be carefully reviewed. Kyriba’s Solution for LIBOR Transition To streamline LIBOR transitions, Kyriba supports: Overnight fixing, forward curve, and fallback rates for new risk free indices Automatic calculation of in-arrears “backward-looking” compounded rates Modeling methods to lag compounded rates Additional calculation logs to allow customers to transparently see and understand how compounded rates have been calculated. Compounded rate cash flow forecasting Mid-period amortization and margin step-ups “In-advance” periods based on “in-arrears” rates Updated valuation process to mark-to-market trades using the new indices Modeling daily compounding under the noncumulative methodology Capping and flooring of the overnight rate

Avant-garde treasury teams that are excelling at the essentials with their Treasury Management Systems (TMS) are asking, “What’s next for us?”. Although 70% of treasurers reportedly use a TMS, survey data reveals that the...

Avant-garde treasury teams that are excelling at the essentials with their Treasury Management Systems (TMS) are asking, “What’s next for us?”. Although 70% of treasurers reportedly use a TMS, survey data reveals that the majority are in the early to mid-stage of their treasury transformation, utilizing fewer manual processes and some automation in their workflows (Kyriba).

  *Accepting cookies will allow the podcast player to be displayed. Michael Dinkins This episode features an interview with Michael Dinkins. Michael is a finance industry executive with more than 40 years of experience,...

  *Accepting cookies will allow the podcast player to be displayed. Michael Dinkins This episode features an interview with Michael Dinkins. Michael is a finance industry executive with more than 40 years of experience, and currently serves as President and CEO of Dinkins Financial and on the board of a number of publicly traded companies. Over the course of his illustrious career, Michael earned numerous awards during his tenure with GE and GE Capital, and served as CFO for five different public and privately held companies, the most recent being Integer Holdings Corporation, from which he retired in 2017. On this episode, Michael discusses how the CFO needs to think about liquidity and access to capital, how to assess risk, why times of trouble reveal the true health of your business, and how to position your company to survive a crisis. Return to The Invisible Vault

  *Accepting cookies will allow the podcast player to be displayed. Jennifer Ceran This episode features an interview with Jennifer Ceran. Jennifer boasts an extremely impressive 35-year career in finance, and recently retired as...

  *Accepting cookies will allow the podcast player to be displayed. Jennifer Ceran This episode features an interview with Jennifer Ceran. Jennifer boasts an extremely impressive 35-year career in finance, and recently retired as CFO of SmartSheet in January of 2021. Prior to Smartsheet, she was the CFO of Quotient Technology (formerly Coupons.com), VP of Finance for Box, and held various leadership positions at eBay and PayPal. She has been named one of the 100 Most Influential People in Finance, and received an award as CFO of the Year in 2017. Return to The Invisible Vault

*Accepting cookies will allow the podcast player to be displayed. Eric Ball, General Partner at Impact Venture Capital Eric Ball, talks with The Invisible Vault host Thomas Butta about his journey from cash register...

*Accepting cookies will allow the podcast player to be displayed. Eric Ball, General Partner at Impact Venture Capital Eric Ball, talks with The Invisible Vault host Thomas Butta about his journey from cash register clerk to CFO, the requirements to plan for liquidity events, and why real-time visibility is table stakes to manage cash in a crisis. Eric draws on his expertise as a finance leader to reveal a broader challenge for the office of the CFO. Who is managing liquidity? He points out that liquidity is most visible when it’s not there. Return to The Invisible Vault Podcast Transcript Narrator This episode features an interview with Eric Ball. Eric is co-founder and general partner at impact venture capital. He previously served as CFO of C3 AI, and he spent 10 years as senior VP and treasurer at Oracle, where he was named one of the 100 most influential people in finance. On this episode, Eric discusses how the concept of liquidity has evolved, what 2020 revealed about the importance of liquidity and how to manage cash in times of prosperity, as well as in times of crisis. Now please enjoy this interview between Eric Ball. Co-founder and general partner at impact venture capital and former senior VP and treasurer, Oracle. And your host, Tom Butta. Eric Ball: When 9-11 happened, it was embarrassing, but not career threatening to not have answers in a crisis because the board members are not getting better answers that there are other companies. I think there's no excuse. Now in 2020, you should know how to pack your liquidity in real time. Tom: Hello and welcome to the invisible vault. I'm your host Tom Butta, chief marketing officer at Kyriba. This podcast has been several months in the making and I'm excited to finally be able to share it with you. Over the coming months, we'll be talking to some of the brightest and most interesting minds in the finance industry about how they're navigating the challenges of leading and transforming the modern finance organization. For this inaugural episode, I recently had the pleasure of sitting down with Eric Ball. Eric has had a fascinating career journey from cash register clerk to CFO to starting his own venture firm. Eric shared some fascinating insights about how the pandemic has heightened the challenges of managing cash and liquidity. I particularly enjoy this conversation because Eric brings the unique balance of experience, like having led companies through three major financial crises and having served in the roles of doer executive board member and investor. So thank you again for joining us on the invisible volt. Please enjoy this inaugural episode with our very special guest Eric Ball. Welcome Eric. Thank you for joining us. Eric: Thanks Tom. It's a lot of fun to be here and also to be part of the inaugural podcast. I'm honored. I think my very first job was not very glamorous. I was hired the summer between my freshman and sophomore year in college as a cashier. At a vegetable and beer store in Troy, Michigan, I would say it was not a crushing amount of senior responsibility, but I did manage a cash register online. Tom: How did you decide to follow the career of finance? Eric: It is an academic actually. I was going to be an economist and I found myself studying financial markets. Then I left a doctoral program in economics. Because I decided I didn't want to make a career out of being an academic, but I wanted all that study of financial markets to have been relevant to me. So I decided that I better pursue the financial side of the business. I started in a business unit at AT&T in New Jersey analyzing profitability of large government contracts, but fairly quickly segwayed into treasury. Because treasury was the one spot in the company that I thought and understanding of capital markets might be useful. Tom: So in your role in treasury, did you find that you interacted a lot with folks or was it kind of a special ops organization tucked away in the corner? Eric: Within AT&T I think it was more the latter. And I think that's the norm. I think that people in treasury spend more time externally than other people in a finance organization, but they spend less time internally. And it's almost universal. That treasury becomes a little bit of a silo within its own organization. I found that very stimulating. I spent a lot of time with investment bankers. And rating agencies and other external parties, but not so much time with other people on AT&T finance or even at AT&T and the business units. Tom: From AT&T did you move into Oracle or did you follow other companies? Eric: I was at AT&T for six years. Then I moved to Los Angeles and joined Avery Dennison. Where I was both in headquarters in Pasadena and back in the UK for five years. So a combination of headquarters work and business unit work. I came up to Silicon Valley in 1999. Spent two years with Cisco systems as an assistant treasurer. Then Flextronics for four years as an assistant treasurer. And then after all that time joined Oracle as its treasurer in 2005. And I was treasurer at Oracle from about 2005 to 2015. So I was at five different big companies before I then moved into being CFO at a pre-public startup in 2015. Did that for a year. And that startup just went public by the way. So, you know, maybe I should've stayed, but, uh, I left that in 2016 to launch my own venture firm. I'd been doing venture investing for several years on the side and is managing Oracle's corporate venture portfolio. And I decided to transition into that full-time in 2016. So for the last four plus years, my primary role has been investing in small startups while also. Doing some extracurricular work, like serving on boards and also proud to be an advisor to Korea Tom: The time horizon of what you did as a treasurer must be very, very different than what you're now doing as a venture capitalist. Eric: I think that's true. I mean treasurers tend to be risk averse and, you know, I was working for really large companies with. A lot happening, but the decision-making process and the outcomes were somewhat slower. Now I work with startups where, you know, we decided to make a change to the business on Monday and we've fully executed it by Tuesday. So yeah, it is a little bit of a different attitude toward time. Tom: I'm kind of fascinated by the bit before you got to Oracle. Sounds like, Hey, you were at a number of different companies. So you had different experience from different industries and you also spend time in a business unit, and then you spent time in a non-corporate office. I presume, right in the UK, that experience must have really served you well. As you got to Oracle, can you tell us about that time? Eric: People earlier in their careers in treasury asked me, what do they need to do to become treasurer? And I usually say, well, the first thing you need to do is spend some time outside of treasury, you know, because I think that any leadership position in a company, particularly a big company, I don't think it's always advantageous to have spent your entire career in tha space. I like to say, you know, I joined treasury because I'd studied capital markets, but it was my business unit experience where I learned a little bit about customers and sales and negotiation. My best experience in negotiation came when I was a sales finance consultant for a business in the UK. I tagged along with the general manager of this very small fastener business. He didn't know anything about capital markets, but he knew a lot about negotiation. And that served me well later when I was putting together deals with investment banks. Is there a secret to negotiating? Well, there is. I'm not sure I know it, but I think just having a clear idea of what you want, what the other party wants and what their next best alternative are. Good place to start. Tom: Somebody once said to me that a good negotiation is when both sides feel that they got most of what they wanted, but not all. Eric: I think so. Yeah, in a good negotiation, nobody's happy. You know, I tended to work at companies that were big enough to throw their weight around. And I miss that because now I'm working for the tiny little companies that have no weight to throw around or, or invested in them. I remind them when, when Oracle bought sun Microsystems, they had a massive campus and Oracle decided to sell the campus. And Facebook was the only entity looking for a campus that big and Oracle was the only entity that had a campus that big, both Oracle and Facebook were used to getting what they wanted. And it was an epic battle of a negotiation, but ultimately neither side had an alternative. So they had to reach an agreement. Tom: It was like egos were at play there. So what's interesting. Is that from Oracle, you then went on to become a CFO. Can you tell us a little bit about how the experience of what we talked about earlier, which is that treasurers and the treasury department. In many cases is kind of a standalone doesn't necessarily interact with other functions in finance. Did you. Change that when you became CFO? Eric: Well, yeah, I think that's true of anybody who gets promoted. It turns out that whatever, you know, well is only a subset of the new job. And so when I became CFO, even though it was a very small organization, Uh, when I became CFO at C3, it only had 130 employees. It was much smaller than Kyriba, but when it came to talking to bankers or investors, I felt like, you know, I was in kind of familiar territory, but when it came to closing the quarterly books or providing a FP and a forecast for the year or other things that was new to me. And the interesting part about having gone to a startup was I couldn't even delegate. You know, in a big company, I learned if I was managing something, I wasn't used to just hire somebody who knows what they're doing and stay out of their way. But, uh, in a startup, there are fewer bodies to lean on. And so I just had to sort of roll up my sleeves and try to learn some new skills in a hurry. Tom: What typically is the career path for a CFO? Is treasury a classic sort of stepping stone. Eric: I think that it is a path to be CFO. I don't think it's the most popular path. I think that that evolves with the needs of the business. I think there have been episodes where it's been, if you want to be CFO being treasures of the best seat to be in like the 1980s and 1990s. There was a lot of turmoil and currency markets, the ability and the experience of managing foreign exchange was a highly valued skill. And a lot of treasures became CFOs. Then we had accounting scandals, Enron Sarbanes-Oxley like around the year 2000 and financial reporting really became the most critical skill. And a lot of CEOs said, well, if I'm going to hire a CFO, first rule is I don't want to end up in jail. So I better hire somebody who really knows the controller job. Controllers have really dominated over the last 20 years in terms of job before for CFO role. But I think that's changing again. And I think that as we get more tools, like the tools that Kyriba provides now we have ERP systems installed with Kyriba tools to manage and track liquidity. I think that a lot of finance professionals. Need to spend less time collecting data and they're valued more for how well, how they can act on data than simply their ability to play scorekeeper. And with that, I think that, um, the types of people who are becoming CFOs now are those with more of a strategic mindset and less of a score-keeping mindset. Tom: You talked about the disruptions and volatility that occurred in the eighties and nineties. Obviously we had a lot of disruption, uncertainty, unpredictability, and volatility that happened last year as a result of the pandemic. Right. What did you see and observe, particularly as it relates to the office of the CFO Eric: There's alot of shifted and a lot of it, depending on what sector you were in. I think that March of last year was kind of a crap moment for CFOs. Well, really everywhere. No one knew initially how the pandemic would affect their industry and their business. Some of it was easy to predict. Some of it was very non intuitive. The S and P 500 stock market index went down by 34% last March, and many companies dropped a lot more than that. Several companies went out to shore up their cash and liquidity and found it hard. United airlines. Was freaking out a little bit and they did a really large bond issuance and had it fail completely. That hadn't happened in years where a major corporation, very credit worthy had gone out to raise money in the bond market and the deal failed. It also revealed that banks call themselves underwriters. They don't underwrite. They simply help you market your story on a best efforts basis. So I think it ended up being like September, 2001 or September of 2008, where it was a crisis that forced CFOs to look at cash and liquidity. It also represented an opportunity. Those that with liquidity could be active in M and a, but even as the stock market recovered, that was uneven at one point, the S and P 500 index was flat, but when it was flat, 80% of the companies in that index were down. It's just that the other 20% were up so much that it compensated. So the index is headed a massive variance in how firms and industries were fairing. And I think that's still playing out where, you know, how the pandemic has affected. You depends a lot on what industry you're in. And I would just make the point that. Crises sometimes hit everybody when nine 11 happened, you know, everybody was hammered by that hotels and airlines more. The tech crash of 2000 was primarily tech. The rest of the world didn't care so much. The financial collapse effected everybody COVID is a little more selective in its impact. So it's a little different for everybody. Tom: Let's maybe drill in a little bit on one comment you made, you said that executives found it hard to know what their cash and liquidity position was. Why is that? Eric: I think it was a combination of the challenges and knowing what your cash and liquidity position are and on knowing what they are and knowing that they were not what you might hope. So I think liquidity became not about, you know, yeah. Something that, you know, we probably should track. It became, you know, for a lot of folks, the absolute key to survival. And I think that. The concept of liquidity has evolved. I mean, it used to mean cash or potential cash. And now I think it means, you know, being able to pay your bills. And there've been some developments that have helped the 2017 tax bill meant that overseas cash was more accessible, uh, without a tax penalty. So companies did not need to keep as much domestic cash on hand because they could access their overseas cash. I think. That liquidity means, knowing your payables and receivables cycle, really understanding the drivers of your working capital and building in the flexibility to optimize your cash. Cash is a nonproductive asset. It earns a lower return. So the better you manage liquidity, the less cash you need to keep. And I think the better your return on assets becomes. So I think that. 2020 revealed the importance of liquidity, what it actually is, but also the importance of keeping track of what it is and highlighted the usefulness of tools like Kyriba. Tom: So the name of this podcast is the invisible ball for that reason. The sense is that there is not the level of visibility. That you would hope to have, and it gets exposed when, you know, the proverbial stuff hits the fan. So this is obviously critical. Do you think that it has changed the mindsets of boards or even the CEO in terms of the importance of having real-time visibility as it were and manageability of liquidity. Eric: I do. I mean, I think it's one of those things that the CFO needs to worry about all the time, but the CEO tends to worry about it only in a crisis or when something goes wrong, you know, and the treasurer worries about it more than more than the CFO. And it's one of the reasons that I always think of. Treasury's what I call a negative. Visibility job. You know, the CEO never calls up the treasurer and says, Hey, the paycheck's cleared this week, you know, good work, you know, but if the paychecks don't Claire, one week, you can be sure the treasurer is front and center. So it's a job that's most visible when something's going horribly wrong. And I think liquidity is most visible when it isn't there. And so I think that. For CEOs to appreciate the importance of finance teams and treasury teams. An occasional crisis may be a good thing, but I think that a lot of careers are made in crisis because the spotlight does shine on you and it reveals how prepared or unprepared you were when everything was going. Tom: Great. So what about the other side of liquidity? Now, we've talked a lot about having this sort of readiness position, right? If, and when things happen, but the other side of having a beat on real-time view of your liquidity is the opportunity to have the confidence to invest in growth initiatives. Is that, is that part? Eric: Oh, I think so. I mean, I think there's an old saying that Raikes, aren't there for a car to go slow they're there. So the car can go fast and liquidity. When you're not paying a lot of attention to liquidity, you need a bigger rainy day stash. So managing your liquidity can actually let you keep less cash and deploy that cash to more useful uses cash in a bank earns 0% or 0.1%. It is a return destroying asset. Cash is only there for an insurance policy for flexibility later or a strategic options later. But while it's still cash, it's a terrible asset to have. And so understanding what drives you liquidity and understanding where you can access liquidity helps you keep less of this unproductive asset. You know, when I was at Oracle. When I came in, we had 1100 bank accounts and then we acquired a couple of thousand. So at one point we were closing bank accounts as fast as we could, but still had the total number was still growing and it became this constant fight, but most of those bank accounts were overseas. I would say, okay, all that money comes back to headquarters so we can use the cash in a productive way, but every single country wanted to keep a rainy day fund. Like, Oh, I don't know what's going to happen. I need $50 million in the bank. Why do you need $50 million in the bank? Well, you know, in case something happens and if you have 48 business units, each with $50 million in a bank, that's real money. And so we had to, you know, we basically told them, no, that's not your money. That's corporate's money. So send it to us. And if you have a rainy day, we'll send it back. We had to persuade people that we meant it when, you know, we'd send it back if it was needed, but that kind of just elemental cash management, let us reduce the amount of just idle cash that was literally earning nothing, least let us get it into one concentrated, centralized bucket where we could invest it. And I think that that similar dynamic plays out in a larger way in terms of deploying cash using it. Strategically for M and a or other assets, or, you know, really turning liquidity into an element of strategy rather than just unproductive asset. Like cash. Tom: Say that CFOs are wanting to become more strategic or the right-hand person to the CEO. In terms of enabling the growth initiatives. And I suppose this is a requirement. Eric: I think. So how much of that is driven by the CFO? How much of that's driven by. Treasury or accounts payable, accounts receivable can differ in each company. I think it differs a little bit by size of the company, but there is, there is an important element at cash, rich companies like Oracle. When I was there, you know, in good times, cash was just cash. Was an unproductive asset access to other forms of liquidity was kind of a nice to have whenever a crisis happened. You know, we then viewed cash as a strategic asset because when valuations started dropping for other companies, that's when we, when we went shopping and we did most of our M and A, when there was blood in the streets and that worked out really well for the company. Yeah, we had a 105 acquisitions on my watch, which is probably what gave me job security because most of our cash was overseas and it wasn't productive to repatriate that cash. So I had over 50 billion in cash to manage mostly overseas, but I spent over 50 billion on acquisitions and I had to borrow to do that. So we were at one point the most active bond issuer. In technology, you know, I ended up issuing $52 billion in bonds in my tenure, and they've issued it a lot more, even since I left to pay for all those acquisitions and also for share buybacks. Tom: So it seems like the forecasting of where liquidity can land becomes really important, but you're not responsible for modeling the business, right? The FTNA group typically is maybe the controller. It probably depends. So how does that work? Cause they're doing models. They're doing projected models current year, future years. How does that inner action work with you? Eric: It may differ at different companies for us. Yeah, you're right. That FP&A. You know, when I was in a big organization like Oracle FP and a model, the forecast for the overall business, having said that I separately, you know, had the assistant treasurer for corporate finance modeling, domestic cash. Don't tell me what's going to happen to global revenue and net income. I know that I have more cash than I need outside the U S but everything we spend tends to be in the U S when we buy companies, 98% of the time, they're us companies. And when we buy back shares, that comes from corporate. So the strain was always the U S cash balance. And so I had treasury. Separately forecast it at a more granular level of deep detail domestic cash. And we fed that in that became an input into FP and a broader process. They had a broader charter of forecasting, but, you know, I always, uh, the first role of a treasurer is to make sure the paychecks don't bounce and. You know, and you have to forecast domestic cash is I became CFO of a startup forecasting, domestic cash was the FBNA process. At a small startup, almost nothing else matters. Then how are you going to. How are you going to meet payroll? How are you going to keep the lights on? And it's nice to have projections for everything else, but, you know, I could tell you almost every day exactly. To the penny, how much was in our bank account, because I had to be neurotic about it. Tom: Let's actually go because you must have had some good technology to help you do that. So the topic of that I'd want to shift to now is about the notion of digitization. You've seen massive digitization, meaning the impact of technology and supporting revenue sales and supporting a product development and supporting customer experience management, et cetera. But the office of the CFO seems to be one of the last seats at the table, as it relates to. This digital transformation. Is that what you've seen in your experience? Eric: I mean, Oracle, but it does depend on where you were. I mean, I think that for many companies, digitization started with ERP and I think that's a really good foundation, you know, ERP provides a single source of truth and it really helps with talking about score-keeping versus strategy. I mean, Digitization, autumn ERP, rather automates score-keeping and maybe frees up the controller to not just spend all their time, trying to find the data. So I think the digitization starting with the ERP was probably a good foundation and its spread FP and a now has tools like, you know, there was a startup company, automating FPA called adaptive insights, which Workday acquired a couple of years back that was trying to. Do for the FP and a function. What ERP did for controllers? I think the treasury and internal audit are probably lagging, but I see even as a venture investor, we have a FinTech startup in capital markets. That's getting interest from another of venture capital firm that has a specific office of the CFO. Investment practice. So this is a small venture firm in Silicon Valley that is investing in technologies where the customers, the office of the CFO. That's a long-term bet on digitization in a, in a very fundamental way. Oracle started a digital transformation of the finance function in the late 1990s, which is probably before other people. Did you know, that was, you know, what the then CFO referred to as she didn't like the term, um, eating our own dog food. So she called it drinking our own champagne. You know, the monthly close process was brought down to hours instead of days, Oracle developed ERP industry by industry. For customers, most companies said, well, you have to tailor your ERP system to our unique business, to which our founder at Oracle Larry Ellison said, no, actually you should just tailor the business to our ERP to get visibility. And I first, I thought that was, gosh, how arrogant is that? Like, you know, change your whole business to match an accounting vendor. And how they've structured it, but I actually became to believe in that because ERP is, is like the nervous system of a company. You don't want to have to customize it. You don't want to take years to implement it and have to customize it. You want it to match. And so I actually became a believer at the time that, yeah, maybe you should adapt your organization to match ERP so that you really get that right. Um, and you get that right quickly. I'm sure I'm biased because digitization of at least the ERP component of digitization, uh, paid for my house and my children's education. Tom: Well, that leads me right into our next segment. In order to get that real-time visibility. I mean, what tools. If any are typically relied on. Eric: I may not be as current as I used to be. I love treasury five years ago and I left a CFO role about four years ago at Oracle. For instance, we implemented Kyriba in 2013 because, you know, we just founded archaic to try to connect to each bank proprietary system to figure out what our cash balance was each day I would ask for cash balance. Sometimes I would say, I need a break out of cash by bank. I'm selecting a bank for some piece of business. Um, how much of our cash is with each bank? Like I just wanted to know, like 30% of it is with Citibank and 22% of it is B of a whatever. And I found that people couldn't always tell me, they usually could tell me about us cash, but you know, when I said globally, you know, my people can tell me. So at one point I remember I called Citibank and said, tell me how much to, how much money I have deposited with Citibank worldwide and where it is. And their response was to send an email out to every country and say, tell me how much Oracle has in that country. So. Yeah. Th th that obviously didn't work. And so we started with tools like Kyriba for real-time cash visibility back in 2013. And when last I checked, Oracle was still using that tool. And so I think that's a, that's a good start. But I think that that's something that must constantly evolve. You have to keep up. I mean, um, one thing that I say about crises is that so important to have answers, particularly in a crisis, you know, 99% of the time, nobody from the board was calling me to say, Hey, how much cash do you have with Citibank in Thailand? You know, but if there was a coup or a terrible thing in a country then have people like, Hey, how much cash do we have tied up there? And when nine 11 happened, it was embarrassing, but not career threatening to not have answers in a crisis. Like how much are we invested in commercial paper of airlines or hotels because the board members were not getting better answers at their other companies. I think there's no excuse. Now in 2020, you should know how COVID was impacting your liquidity. When your cash in real time and it's 2021, you need to know. So I think that it actually using these tools, it's no longer something that's nice to do or makes you look good. You better have these answers. And these are the types of questions that get asked more in a crisis than in good times. So you have to spend the good times building up the infrastructure, building up the tools. So when a crisis happens and the CFO or a board member needs information in a hurry, you know what the answers are. Tom: So given the importance or growing importance of liquidity, then do you think that there should be someone in charge? Like at that kind of executive level in the same way that there's a chief product officer or the chief customer experience officer. Eric: Yeah, I do. And it gets back to where we started, which is that in finance often the functions are siloed and people don't want to admit that, that they, you know, don't pay a lot of attention to their peers. But I think that a common dynamic is. The, you know, treasury is focused on cash. You know, cash is the circulatory system. It's the blood of a company and that's treasurer's focus. Controllers are focused on score-keeping FNA is focused on forecasting. So everybody's touching a different part of the elephant and it's always easier to affect change among the people who report to you. Than it is to effect change in other parts of the organization. And that's just a natural element of organizational life and liquidity elements of liquidity are purely in the treasurer's purview, but elements of it cut across all of finance, you know, really understanding your payables cycle, your receivable cycle, your working capital that's all necessary, and that cuts across different reporting lines. Somebody has to look holistically across those lines. Everybody can't just be looking down at their own function. And so I think there does have to be a chief liquidity officer if you will. And that person may be the CFO. And even if they're not the CFO, The importance of that in the direction to work cross-functionally to make that work has to come from the CFO. If the CFO doesn't make it a priority, it's not going to happen. Regardless of whether it's the CFO, that's the chief liquidity officer, or they want somebody else to play that role. Tom: Managing that change is going to be a challenge. Let's do a quick report from the future as it were. And then I want to do some quick hits with you. Let's start with this one. If we brought you back here a year from now, what will have changed in the world of finance? Eric: Overall time periods. I think CFOs are going to spend less time collecting information and more time acting on it. They're going to have more information available in real time and rely less on the financial statements from the last quarter in effect financial statements should be generated almost in real time, just like any other day. Finance leaders have to know where their cash is, how much of it is accessible on short notice, what's their ability to increase liquidity in other ways, do they have access to the bond market, commercial paper, credit facilities? Can they tweak accounts, payable and receivable to improve working capital? All of that? Needs to be more true in 12 months than it is today. You know, this is a treadmill you're never done. You know, you never get to declare victory. You just get to have a better handle on it faster than you did before. And like I said, 20 years ago, if you didn't have the answer as well, that's okay. The board member asking their company didn't have the answer better today. Their company probably does have the answer. So you're not going to be allowed Slack if you don't right. Tom: A couple of quick questions. What's the craziest or most interesting items someone brought to you for your signature? Eric: I've had a couple of doozies. I'll quickly mention too when I was an assistant treasurer. At a contract manufacturing company, a truckload of Intel chips that were the heart of video game consoles that we were making for a customer being produced to Guadalajara, a truckload of Intel chips worth over $20 million was hijacked from the Guadalajara airport. And what was interesting is they actually ran two trucks. They ran a decoy empty decoys truck and the truck that was filled with the chips and the bad guys knew which truck had the chips. So it made us a little bit neurotic about where they were getting their information. I was approached to sign an authorization for $20,000 in cash. Somebody was going to withdraw $20,000 in cash. I needed to sign for it. I'm like, why? Oh, cause we're going to post a reward for this information for this chip hijacking. I'm like, okay. So I signed, I signed this and the enforcement was going to arrive the next day and tell our security consultant what happened to the chips when he didn't show up because he'd been killed. Intervening 24 hours. You know, I'm just a finance guy back in a corner, in a headquarters office. I'm authorizing cash, which is very unusual and the cash is supposed to go to somebody who dies within 24 hours of violently at the, uh, you know, with gangs and in Mexico. That really made an impact on me. One other quick story. Somebody came to me and said, you'll sign this. We need to pay people in Greece. This was 2008 when the financial crisis was hitting and the government of Greece had closed as an emergency measure, closed every bank in Greece. And none of our employees, we had, you know, I don't know, a hundred employees and Greece, none of them could get paid. They didn't have direct deposit. And so they couldn't get their paycheck. And these are not people with a lot of savings. And so we felt like we're their employer. We need to make sure they can get paid. So, you know, somebody said, We're going to fill a suitcase full of cash. Take a helicopter into Greece and distribute the cash to the employees sign here. I was asking questions like who's carrying the cash. Are they big? Are they muscular? If you start asking for the physical build of somebody involved in a process, uh, that was a real, I was like, wait a minute. If I have to ask whether the employee doing this is tall and muscular, we need to rethink what we're doing here. We did not fill a suitcase full of cash and then have somebody carry it into the country. And we, uh, We've worked out some other ways of going about that. Tom: All right. It sounds like we need to make a movie out of that. The next born, uh, you know, supremacy or something. All right. Eric, thank you very much for your time. This was really enlightening and a lot of fun. Thank you for being our guests on the first inaurgural invisible vault podcast. Eric: Thanks Tom. It's been a real pleasure to join you today and thanks for having me here.

Robotics Process Automation (RPA), Machine Learning (ML) and Artificial Intelligence (AI) are no longer buzzwords and concepts. As technology advances and the applicability of various scenarios grow, treasury and the larger finance organization find...

Robotics Process Automation (RPA), Machine Learning (ML) and Artificial Intelligence (AI) are no longer buzzwords and concepts. As technology advances and the applicability of various scenarios grow, treasury and the larger finance organization find themselves in a new position: how to take advantage of tools and technology driving greater efficiency while, at the same time, focusing on core, valued activities.

In today’s environment, quick access to 100% cash visibility isn’t a nice to have; it's a must have. Higher education institutions across the country need to make crucial decisions based on their cash position...

In today’s environment, quick access to 100% cash visibility isn’t a nice to have; it's a must have. Higher education institutions across the country need to make crucial decisions based on their cash position and forecast.

In order for CFOs and finance to grow and fund initiatives, they need cash and liquidity. Cash and liquidity is the lifeblood of all organizations; finance for maximizing returns on surplus cash, readily available...

In order for CFOs and finance to grow and fund initiatives, they need cash and liquidity. Cash and liquidity is the lifeblood of all organizations; finance for maximizing returns on surplus cash, readily available cash for AP, supply chain finance and receivables financing arrangements for working capital optimization.

In the past five years non-cash transactions have increased over 70%, alongside an easily disrupted and increasingly volatile financial landscape. Coincidentally, corporations are regularly making payments in more currencies using disparate and manual processes,...

In the past five years non-cash transactions have increased over 70%, alongside an easily disrupted and increasingly volatile financial landscape. Coincidentally, corporations are regularly making payments in more currencies using disparate and manual processes, sometimes remotely, that are easily exposed to increasingly sophisticated fraud schemes.

Human error is responsible for over 90% of data breaches (Cybint). Further adding to the stress, 68% of business leaders feel their cybersecurity risks increasing (Accenture). This phishing, hacking, scamming “business” could potentially cost...

Human error is responsible for over 90% of data breaches (Cybint). Further adding to the stress, 68% of business leaders feel their cybersecurity risks increasing (Accenture). This phishing, hacking, scamming “business” could potentially cost the global economy over $6 trillion in 2021 (Cybercrime Magazine).

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, revealed negative impact from currency volatility of $6.16...

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, revealed negative impact from currency volatility of $6.16 billion.

Based on ratings collected in IDC’s 2020 SaaSPath Survey (IDC #US46933620), Kyriba placed in the highest-scoring group of vendors serving the SaaS Treasury Management (TM) application market and has been awarded IDC’s 2020 SaaS...

Based on ratings collected in IDC’s 2020 SaaSPath Survey (IDC #US46933620), Kyriba placed in the highest-scoring group of vendors serving the SaaS Treasury Management (TM) application market and has been awarded IDC’s 2020 SaaS TM Customer Satisfaction Award.

Unleash the Power of Liquidity Management with SAP and Kyriba Why SAP Certification Matters to You and to Kyriba Kyriba’s certified SAP partnership status is a natural evolution of the long-standing relationship between two...

Unleash the Power of Liquidity Management with SAP and Kyriba Why SAP Certification Matters to You and to Kyriba Kyriba’s certified SAP partnership status is a natural evolution of the long-standing relationship between two technology leaders, connecting SAP’s existing ERP solutions with Kyriba’s cloud-native Active Liquidity Network and harnessing the power of both organizations. The partnership, which has already seen Kyriba work on over 1,000 customers’ SAP integrations in the past 20 years, has been certified by SAP since October 2020 to cover development work with both SAP’s S/4HANA and ECC solutions. That integration work can now be enhanced through the use of Application Programming Interfaces (APIs) used to connect Kyriba and other systems supporting your key Finance functions. Kyriba’s APIs, developed within our own SAP-allocated development area, provide a further secure area enabling the build of additional integrations, while maintaining the integrity of existing SAP solutions. This means our API ecosystem can accommodate integrations between SAP and Kyriba for a variety of business or finance applications to include general ledger integration, bank connectivity, trading or investment platforms, financial supply chain as well as market data providers. These resources, coupled with the flexibility and immediacy of cloud-based platform technology, deliver automation to reduce costs, remove error-prone manual interventions and increase security to combat fraud and cybersecurity concerns. Unparalleled Connectivity The cloud-based nature of both technologies means businesses can also leverage SAP’s Cloud Platform Integration (CPI) to simplify the secure connection of third-party software and provide ready access to Kyriba’s proven and unparalleled bank connectivity network. Given Kyriba’s history of SAP integrations, we make it straight-forward for your IT team to efficiently send or receive data between your SAP on-premise or cloud-based system and Kyriba. We further simplify that process using interfaces that support APIs and secure file transfer protocols (SFTP) to provide the parameters to construct electronic file extracts, allowing the management of subsequent mapping. One example is the consolidation of payments in a single path to your partner banks, through Kyriba’s transformation engine. This uses format catalogs and templates to cover the requirements of your banks specific payment types, clearing system formats and field requirements. The all-payment file can then be submitted to your banks, with confirmation automatically and seamlessly delivered back to the sending system. The consolidation of payments and logically batching your payments adds value to your overall financial supply chain. Benefits of Certification Automated Integration The integration between SAP and Kyriba allows clients to execute, approve, transmit and monitor all types of payments or collections files using Kyriba Solutions integrated with SAP, which covers the entire payments and collections life cycle. The integration uses standardized payment file formats. But through our catalogs of bank and regional formats, Kyriba provides for proprietary or custom formatting for relevant fields when needed. Security In order to maintain security and data integrity, all vendor and customer details are only managed in SAP. The payee details are considered as a “one-time” third party in Kyriba, so details are not stored outside of the individual payments. This also means that invoices and receipts are created in SAP following the standard Payables and Receivables processes. SAP’s integration platform CPI transmits payment files to Kyriba DataHub (DH) using a REST API. Files are retrieved by the Kyriba Application and integrated into the Payment Module following the standard process. The set up in Module Data Exchange enables mapping flexibility. Namespace A critical advantage from our certified partnership is the allocation of a dedicated “Namespace,” which is a globally reserved area where Kyriba can develop enhancements to SAP and deploy its ABAP-led (SAP’s own main programming language) solution, avoiding conflict with existing SAP programs. SAP-Kyriba Integrated Architecture Payments–CPI Model

Burgeoning companies utilizing Microsoft Dynamics 365 are running into a problem that needs to be solved: payments & bank connectivity in multiple geographies through many payment systems. On top of that, these payments need...

Burgeoning companies utilizing Microsoft Dynamics 365 are running into a problem that needs to be solved: payments & bank connectivity in multiple geographies through many payment systems. On top of that, these payments need to be secure and fraud resistant, while also being simple and friendly for business user groups like Accounts Payable.

During these times of accelerated growth and change, interest in supply chain finance solutions that can provide thorough evaluation and analysis is rapidly increasing. The Supply Chain Finance (SCF) & Cash Conversion Cycle (CCC...

During these times of accelerated growth and change, interest in supply chain finance solutions that can provide thorough evaluation and analysis is rapidly increasing. The Supply Chain Finance (SCF) & Cash Conversion Cycle (CCC ) Analyst Report will cover a variety of solutions that address pain points in the cash conversion cycle.

In today’s ever-changing business environment, there are several key factors that are driving change across the treasury aggregation landscape. The Treasury Aggregator Analyst Report covers the pain points driving this technology.

In today’s ever-changing business environment, there are several key factors that are driving change across the treasury aggregation landscape. The Treasury Aggregator Analyst Report covers the pain points driving this technology.

The latest Strategic Treasurer Analyst Report provides a glimpse into the current TMS space and outlines the primary benefits of a treasury management system.

The latest Strategic Treasurer Analyst Report provides a glimpse into the current TMS space and outlines the primary benefits of a treasury management system.

Simple and complex companies are subject to uncontrollable challenges abroad and at home such as currency volatility. Despite having sophisticated teams and well-thought-out workflows, foreign exchange impacts negatively impact companies due to manual processes,...

Simple and complex companies are subject to uncontrollable challenges abroad and at home such as currency volatility. Despite having sophisticated teams and well-thought-out workflows, foreign exchange impacts negatively impact companies due to manual processes, and lack of access to timely and accurate data.

When Hilton Grand Vacations decided to migrate to Oracle Cloud ERP, they were prepared to try a 3rd party solution to reconnect to their more than 10 banks with 300+ accounts. Like most IT...

When Hilton Grand Vacations decided to migrate to Oracle Cloud ERP, they were prepared to try a 3rd party solution to reconnect to their more than 10 banks with 300+ accounts. Like most IT leaders, 91% of whom agree (according to a Pulse survey), connecting banks is one of the most complex aspects of an ERP project, the IT, treasury, and accounting teams were prepared for a potentially daunting task.

What were Mantrac’s objectives? Mantrac Group’s treasury structure was highly complex and dependent on manual processes. Visibility over cash was limited, particularly as the group was using almost 100 banks, with over 700 bank...

What were Mantrac’s objectives? Mantrac Group’s treasury structure was highly complex and dependent on manual processes. Visibility over cash was limited, particularly as the group was using almost 100 banks, with over 700 bank accounts across 13 countries. The lack of visibility meant cash was not always held in the most suitable accounts, creating inefficiencies when paying down debt. And the use of almost 50 e-banking systems resulted in control risks, as well as operational challenges. To tackle these challenges, Group Treasurer Roshun Tulkens, shortly after he joined the Group, embarked on a six-month exercise to interview and research potential providers, while consolidating the company’s bank relationships. While multiple banks were still needed in complex markets like Egypt, Nigeria and Iraq, the team was able to reduce its banking relationships to less than 20 banks and 300 bank accounts – resulting in an impressive $1.6m cost saving via bank fee reductions. "We wanted to be able to sleep better at night by having the controls in place to mitigate potential fraud." Roshun TulkensGroup Treasurer, Mantrac Group Why did Mantrac choose Kyriba?Tulkens looked at eight different systems to find the best fit for Mantrac’s needs. One consideration was the need for a system that could provide the right support in challenging markets. “A lot of TMSs are focused on Europe and North America,” says Tulkens. “We wanted a provider that could help us in complicated markets like Africa, Iraq and Russia – and we also wanted a system that was strong on payments.” Another consideration was that the new TMS would be used by teams representing 30 different companies. It was therefore important to choose an intuitive system that could be used by local finance people. Other considerations included cost and the proposed implementation time. Based on these criteria, Mantrac selected Kyriba as its TMS provider. "If we hadn’t completed phase one before the crisis, the situation would have been much more challenging. If you have to log into multiple e-banking systems or call banks to work out how much money you’ve got, there is not going to be a lot of time for strategic decision-making." Roshun TulkensGroup Treasurer, Mantrac Group What was the implementation experience?The implementation was structured into two phases: the first focused on cash management, forecasting, reporting and accounting, while the second focused on payments and valuations. With over 140 people using the system, training was an important consideration, and had to be delivered across different time zones and in different languages. While the beginning of the COVID-19 crisis brought some challenges – such as the transition to remote working and the need for wet signatures – the second phase was completed successfully, with training and testing carried out remotely. What benefits did Mantrac realize?One major benefit is the visibility that has been achieved – not just over cash, but also over payments and pricing. “Before the implementaion, I did not have visibility over the volume of payments we were making from each of our banks, the volume of collections coming into each bank and the bank charges we were paying,” says Tulkens. Connectivity with other systems such as the procurement database and ERP system has not only improved security controls, but also eliminated the need for manual intervention. Other benefits include the ability to forecast and mitigate fraud risk more effectively, as well as lower FX costs. In total, the TMS has generated added value of $800,000 per annum by enabling the company to harness process efficiencies and time savings, switch to cheaper electronic payments and pay down debt using excess cash. What is next for Mantrac Treasury?Looking forward, the team won’t be resting on its laurels. “There will be some further bank consolidation, particularly in some of the more challenging jurisdictions,” says Tulkens. “We are also expanding into two new countries.” At the same time, the team will continue to streamline processes, as well as incorporating some recent acquisitions into the system. And with Mantrac’s five-year digital plan underway, other topics could include looking at the value of machine learning in the context of cash forecasting, as well as potentially integrating the TMS with a new ERP system.

A fully realized digital transformation of treasury involves effective cash management, accurate cash forecasting, and real-time cash positioning within a consolidated view. Without it, it is nearly impossible to support treasury & finance’s’ short,...

A fully realized digital transformation of treasury involves effective cash management, accurate cash forecasting, and real-time cash positioning within a consolidated view. Without it, it is nearly impossible to support treasury & finance’s’ short, medium, and long-term decisions.

The first major corporate purchase of the Bitcoin in October 2020 began a string of subsequent Bitcoin purchases in 2021, including recent purchases by Square and Tesla. Crypto (digital) currencies have shown to be...

The first major corporate purchase of the Bitcoin in October 2020 began a string of subsequent Bitcoin purchases in 2021, including recent purchases by Square and Tesla. Crypto (digital) currencies have shown to be elusive, unpredictable, and potentially, lucrative. According to a recent survey, at least 70% of surveyed CFOs are closely watching others in the market, deciding if they will invest in crypto currency - 5% of these CFOs are planning to buy this year.

As Ruth Porat, CFO of Alphabet, has said, “There’s no question that liquidity is sacrosanct.” Companies that can identify and use cash with confidence can now leverage liquidity as an asset for strategic value...

As Ruth Porat, CFO of Alphabet, has said, “There’s no question that liquidity is sacrosanct.” Companies that can identify and use cash with confidence can now leverage liquidity as an asset for strategic value creation.

Decision-making in a modern treasury and finance function relies heavily on technology excellence. Optimally leveraging data provides visibility into historical performance trends that should influence organizational activities moving forward. Automation frees up precious staff...

Decision-making in a modern treasury and finance function relies heavily on technology excellence. Optimally leveraging data provides visibility into historical performance trends that should influence organizational activities moving forward. Automation frees up precious staff resources from tedious manual work, enabling treasury and finance teams to perform more value-added analytical tasks that improve decisions and outcomes at every level of the business.

Over 30% of corporates on SAP will be migrating to S/4HANA over the next five years. For IT & enterprise technology teams, these migrations are already difficult enough. Add in a global pandemic with...

Over 30% of corporates on SAP will be migrating to S/4HANA over the next five years. For IT & enterprise technology teams, these migrations are already difficult enough. Add in a global pandemic with a near-fully remote workforce and the cloud migration is even harder and more necessary.

Few industries reflect the story of the economy right now like real estate. This industry has endured housing foreclosure collapse, COVID, and recessions. The ability to overcome economic whiplash like that focuses attention on...

Few industries reflect the story of the economy right now like real estate. This industry has endured housing foreclosure collapse, COVID, and recessions. The ability to overcome economic whiplash like that focuses attention on the power of liquidity certainty and reliable visibility.