Mid-market Resources

Kyriba’s Connectivity-as-a-Service (CaaS) accelerates this process and relieves potential development and maintenance burdens on IT. With one API gateway, clients can connect via Kyriba to over 1,000 global banks, supported by an extensive format library of 50,000 pre-developed and pre-tested payment scenarios.

Unleash the Power of Enterprise Liquidity Management with Oracle NetSuite and Kyriba Why Choose Kyriba NetSuite API Integration Bank requirements for unique or proprietary direct connections and bank- or regional-specific payment formats can extend the time needed to connect your ERP systems to your banking partners. The challenge becomes more complex with multi-bank connectivity and requires significant effort and expertise. Kyriba’s Connectivity-as-a-Service (CaaS) accelerates this process and relieves potential development and maintenance burdens on IT. With one API gateway, clients can connect via Kyriba to over 1,000 global banks, supported by an extensive format library of 50,000 pre-developed and pre-tested payment scenarios. Kyriba uses NetSuite Web Services APIs to connect NetSuite ERP systems with Kyriba’s Enterprise Liquidity Management platform, enabling mutual clients to embed different workflows into their business processes. The Kyriba NetSuite API integration replaces the previous Kyriba NetSuite Bridge (NSB) solution and is a substantial improvement to further accelerate implementation and time to value. It offers many new features, including flexible batch jobs and customizable data exchange interfaces, which were not supported by the NSB. This integration also provides user-friendly, flexible scripts for NetSuite authorized users to update if needed. The Added Value of Kyriba NetSuite API Integration vs. Kyriba NetSuite Bridge (NSB) Features Kyriba NetSuite API Integration Kyriba NetSuite Bridge (NSB) Bank statement with bank account mapping import Yes, live since January 2023 Not included GL export with NetSuite advanced intercompany payments Yes, included Not included Pre-payments and multi-vendor bank accounts Yes, supported with additional payment scenarios Not supported FX balance sheet workflow Yes, included Not included Additional future development support Yes, included Maintenance mode only NetSuite – multiple instances Yes, included Not included NetSuite – API trigger (batch job) Flexible, on-demand schedule Rigid, hard-coded schedule The integration between NetSuite and Kyriba allows clients to submit and monitor payments and direct debits using NetSuite with automated workflow into the Kyriba Platform. The Kyriba NetSuite API Integrated Payments Workflow Explained NetSuite payments are translated to comply with Kyriba's standard payment information. Kyriba’s custom table provides mapping of relevant information. NetSuite payments are translated from XML to CSV and sent to Kyriba as individual payment requests. Payment requests are batched in Kyriba. Batched payment orders are sent to associated banks to be executed. Payment confirmation is sent by the banks to the Kyriba application. Inquiries are scheduled in NetSuite ERP to retrieve payment acknowledgments from the Kyriba application. Payment status updates are transmitted to NetSuite ERP through API integration. Payment status is posted to Kyriba’s custom table. Clients can build customizable payment views to see their Kyriba payments only. Kyriba NetSuite integration also supports cash management, GL export, bank statement export, GL reconciliation and FX balance sheet workflows. Kyriba NetSuite API Integration for Cash Management Workflow Supporting cash flow forecasting and positive pay. The automated workflow features: Open customer and vendor invoices Non-Kyriba payments, such as checks Other GL entries to support cash forecasting Kyriba NetSuite API Integration for GL Export Workflow Providing a cash accounting solution, sending GL entries created in Kyriba to the ERP. Main features include: Export of GL entries from Kyriba Export of GL entries not otherwise reported to the ERP Export of advanced intercompany entries Export of financial accounting entries Kyriba NetSuite API Integration for Bank Statement Export Workflow Exporting bank statements to ERPs. The automated workflow features: Extraction of bank statements in a format accepted by ERPs Export contains prior day and intra-day data Kyriba NetSuite API Integration for GL Reconciliation Workflow Facilitating reconciliation of bank transactions to accounting. It eliminates error-prone manual entry with: Import of bank account entries from the ERP Posting of GL adjustments back to the ERP Kyriba NetSuite API Integration for FX Balance Sheet Workflow Extracting balances for FX analysis (previously as FireApps). Main features include: Extract of life-to-date balances for assets and liabilities Balances aggregated by entity, currency and GL account in document, local and reporting currencies For more details, check out the Kyriba Developer Portal. FAQs on the New Kyriba NetSuite API Integration Do different NetSuite platforms require different installations? No, the Kyriba NetSuite bundle is available for all NetSuite platforms. What customizations can be used to enhance the functionality of the NetSuite application? Customizations include configurable mapping and flexible data exchange. Can customers use their own middleware to call the API? Yes, customers can use their own middleware to call the API. What authentication schemes does the integration use? The integration uses REST API with Basic Authentication or OAuth2. Can clients connect to multiple ERP systems? Yes, Kyriba ERP Connectors support the integration of multiple ERPs, including Microsoft Dynamics 365, Oracle Cloud, SAP S/4HANA and ECC. Are payment transfers batched? Is it possible to transfer a single payment? Payment transfers from NetSuite to Kyriba are not batched but are sent as individual payment requests. Payments are batched in Kyriba via the automatic API process template (ERP_AB_API) and then sent to associated banks. What payment types are supported? The integration supports payment request imports and payment status updates for: Vendor payment requests for domestic and international transfers Customer payments, including SEPA direct debit Intercompany vendor payments (treasury transfers) How long does it take to connect my ERP to Kyriba? Historically, installation and API connectivity take 2-5 days, depending on the complexity of a client’s configuration and modules in scope. Kyriba NetSuite API integration reduces the cost, risk, time and effort required to connect NetSuite ERP to Kyriba. What do I need to do if I am already using Kyriba NetSuite Bridge (NSB)? For Kyriba clients already on NSB, upgrading to the API integration requires connectivity set-up and functional testing equivalent to a few hours of Kyriba professional services (clients can use their own consulting resources, too). Detailed guidance is available, and the efforts required are minimal. During the initial launching period, there are special service offers for early-bird clients. For more details, please contact your account manager.

"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 end-to-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

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.  It is the goal and the most fundamental responsibility of treasurers to have full 100% cash visibility at the beginning of each day. Kelkoo Group, a leading e-commerce company, gained full control of their cash management and forecasting by utilising Kyriba's Enterprise Liquidity Management solutions. 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 Automation for reduced risk of manual processes Full cash visibility Get better analysis of daily transactions and consolidated statements Get accurate cash forecasting allowing them to make better-informed decisions Improved decision-making based on data Watch the video to learn more.   About Kelkoo Group With over 20 years’ experience in e-commerce, digital marketing and consumer analysis, Kelkoo Group is a global data-driven marketing platform that connects consumers to products and provides qualified traffic to online retailers. We operate in 39 countries worldwide and offer traffic acquisition solutions to Publishers, delivering highly qualified leads to their online shops, as well as monetization solutions to publishers, enabling them to earn money from displaying our Publishers’ products on their websites. Kelkoo Group is a professional and friendly environment. We have a passionate and multicultural team of 200+ employees located across our European offices in London (corporate headquarters), Paris, Grenoble, Milan, Oslo, Hamburg, Rotterdam and Madrid.

Kyriba delivers ways for small and mid-size (SME) company buyers and their suppliers to mutually strengthen their supply chains that gives faster access to inbound liquidity.

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.

“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.”

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 management capabilities can be up and running quickly, giving more time back to your team for value-add initiatives. 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. Optimize Cash Position in Midsized Businesses 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 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 is recognized as the market-leading global cash management solution, providing comprehensive capabilities in an intuitive and easy-to-use solution. Cash Management and Cash Forecasting Overview For midsize companies, Kyriba’s cash management and cash 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 cash forecasting accuracy. 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. Cash Forecasting: Key Capabilities Import from ERP A/P and A/R detailed or summary level data, and other internal systems. Forecast Reconciliation Access powerful analytics, comparison of forecasts to actual bank transactions based on a combination of customizable criteria including account, amount, date, and reference. One-to-one, one-to-many, and many-to-many matches are available. Compare estimated and confirmed forecasts to actuals, and analyze variances for any user-definable period. Users can also support working capital management by reconciling open receivables against cash receipts to report on A/R variances, calculate days of sales outstanding, and improve cash predictability. Easy Entry Rely on straightforward input of forecast data using standard entry forms. Seamless Integration Kyriba’s entire cash and liquidity management suite automatically updates the cash forecast so cash flows are available in real-time. Viewing the Forecast Personalize forecast views based upon period of time series, line items, business units, userdefined groupings, and additional information, such as borrowing or investing activity. Cash Accounting Kyriba cash accounting eliminates the time-consuming effort and error-prone manual process of posting to the GL by automating the GL entry process, generating dual and multi-sided entries from banks and internal cash transactions. Automated rules scan transaction characteristics in order to apply the appropriate GL accounts, creating a set of entries that are electronically integrated with the GL, on a scheduled and fully automatic basis. Kyriba cash accounting benefits all types of organizations, whether global, complex, centralized or decentralized, by supporting multicurrency and multiple charts of accounts. Payment Control Kyriba can be harnessed to seamlessly integrate with your banking partners and give you ultimate control over your payment processes. Kyriba provides you with a single point of entry to generate and approve payments, and the Kyriba connectivity network helps format and transmit your payments to the bank. In addition to supporting the payment tasks carried out by your treasury team, our payment solutions provide you the ability to integrate and route payments to your banks from internal systems, such as accounts payable, taking the onus off of internal IT resources to control. Leveraging Kyriba’s connectivity allows organizations to become bank agnostic and quickly onboard expansion of their banking footprint without involvement of internal IT resources.

Crucial Role of 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....

Crucial Role of 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."   Role of Small and Medium Businesses in Economy and Development 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 Bank). 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 (OECD 2021) According to the World Trade Organization, 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 for SMEs 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.

“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

Are you concerned about not being able to keep a tight grasp on your cash flow? Are you having difficulty seeing exactly how much liquidity you have? If so, you're not alone. Many companies,...

Are you concerned about not being able to keep a tight grasp on your cash flow? Are you having difficulty seeing exactly how much liquidity you have? If so, you're not alone. Many companies, especially cash-constrained mid-sized companies feel overwhelmed when it comes to managing their finances and understanding their liquidity. But with the right strategies and tools, you can gain full visibility of your liquidity and take back control over your cash. Midsize companies have come to understand the importance of building a robust technological infrastructure as a means of preparing for the future. To reach their desired level of scalability and success, these organizations have begun to automate and standardize their processes, ensuring efficiency and cost-effectiveness. Additionally, improving liquidity management and attempting to reduce risk have become top priorities. Thanks to the continuing advancements in technology, midsize companies are now able to access digital liquidity management solutions, something that was once thought of as a luxury for only larger enterprises. Kyriba for mid-market offers a comprehensive solution for companies needing greater control and visibility of their cashflow and liquidity. With a powerful platform of features, CFOs are given the tools to easily track their cash and liquidity, and report and analyze their findings in an efficient and effective manner. Multi-bank connectivity, cash positioning, automated reconciliation and cash forecasting features give CFOs the opportunity to make informed decisions quickly, ensuring a smooth and successful financial management process. Kyriba provides growth-oriented companies with a powerful platform that they need to take control of their treasury and payments processes. Our solution is built using process automation, optimization and risk prevention to ensure organizations can safely and securely maximize the effectiveness of their processes. Through process automation, optimization and risk prevention, Kyriba for Midsize Companies empowers organizations to activate their treasury and payments processes quickly. Watch this overview video to learn how we can help and request a private demo to see Kyriba in action.