Kyriba In-House Banking Solution

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 solution gives organizations the control to create optimal concentration, pooling, inter-company, and netting arrangements to access more liquidity faster and more cost-effectively.

With Kyriba’s In-House Banking solution, 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.

Benefits of Using Kyriba In-House Banking Solution

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 In-House Banking 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 in-house banking movements from physical and notional pooling structures.

Key Features of Kyriba In-House Banking Solution

• 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. In-house banking transactions are created from cash or non-cash transactions.
• POBO (payments-on-behalf-of) Arrangements: The in-house bank executes makes payments for operating companies and debits to those companies’ intercompany accounts.
• ROBO (receipt-on-behalf-of) Arrangements: The in-house bank’s bank account receives payments for operating companies and credits to their intercompany accounts.
• Real-time Reporting and Tracking View all in-house bank’s balances by subsidiary and currency pair, when applicable. Affiliates can inquire on their internal and external balances, account and interest statements, and internal deals.