The Kyriba and BlackLine Partnership

Greater Finance Efficiencies, Scaling, and Productivity with Kyriba and BlackLine Partnership

This partnership provides customers greater process efficiencies across accounting and treasury operations use cases through API-driven integrations. Both companies have collaborated to develop integrations around three main use cases:

• Kyriba Banking Connectivity as a Service that transforms bank statements and transactions for use with BlackLine Account Reconciliations and Financial Close

• Kyriba Banking Connectivity as a Service that transforms bank statements and transactions for use with BlackLine Invoice-to-Cash

• BlackLine Intercompany data integration to Kyriba Payments solution for automating payments through the banks

These integrations enable 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 for smarter decisions.

Kyriba connects BlackLine customers directly to over 1,000 banks and 65,000 statement formats that support API, FTP, SWIFT, Regional Protocols. 20% of all SWIFT corporate volume runs through Kyriba. Visibility to connectivity, bank reporting and status reports are all easy to access via Kyriba dashboards and the widely used Bank 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 ERP migrations.

The Kyriba and BlackLine partnership helps our customers adapt and respond to the changing bank landscape through the latest technology with integrations for cash and liquidity reporting. As an example, Kyriba’s selection to be Adobe’s Treasury Management System, which included integration to BlackLine, yielded the following benefits:

• Reduced risk of errors by replacing most of Balance of Trade 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

Cost Reductions, Value for Your Organization

The traditional treasury environment is very IT-dependent with highly customized code bases which are not only costly and slow to deploy, but also difficult to scale.

Kyriba’s multi-bank, Connectivity-as-a-Service offers extensive bank connectivity as a managed service with great reductions in implementation and ongoing IT costs. In fact, Kyriba’s capabilities around payments have, on average, saved customers over 120 hours per month.

About BlackLine

BlackLine is the financial platform that propels business progress. Helping customers overcome digital finance transformation challenges over the last 20+ years, with a network of 2,000+ partner consultants and 500,000+ trained professionals providing specialized knowledge to guide them forward. BlackLine helps achieve immediate ROI by addressing the most pressing challenges for the Office of the CFO and is the platform of choice for more than 50% of the Fortune 1,000.