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Success Story

Robust Reporting Propels Delaware Life’s Productivity

Risk management commodities


“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:

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.