Thought Leadership

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.

Cash is still king — but the value of cash and forecasted liquidity held or planned by the company can only be realized if the treasurer knows what cash is available, where it is...

Cash is still king — but the value of cash and forecasted liquidity held or planned by the company can only be realized if the treasurer knows what cash is available, where it is held and what flows are expected in the future. However, all too often, treasurers do not have access to their organization’s full cash picture. There are many good reasons for working with multiple banks across different markets, but complex banking structures and sprawling geographical footprints can make it difficult to achieve complete visibility into current balances, never mind impacting the accuracy of cash and liquidity forecasting. Luckily, achieving full visibility over cash is not an insurmountable goal. This eBook outlines the action plan treasurers can take to gain full visibility over their cash, from gaining a clear view of current bank accounts to increasing the accuracy of the cash forecast. "More than a quarter of global cash is not visible to corporate treasury on a daily basis.” Source: PWC’s Global Treasury Benchmarking Survey What is Cash Visibility? Cash visibility is critical to making effective decisions. Armed with clear visibility over the company’s current cash position and future liquidity flows, treasurers can: Invest cash strategically Support the CEO, CFO in strategic initiatives with the right levels of cash and liquidity Use cash management structures effectively Minimize debt and interest expense Make better informed hedging decisions Reduce bank fees Bolster treasury’s reputation within the organization Key Vocabulary Cash Visibility means knowing what cash the company currently has and where it is held. It also means being able to predict what cash the company will have in the future. Cash Budgeting generally performed by FP&A, is more focused beyond one year and has an increased emphasis on free, cash-flow guidance. The reconciliation of indirect budget-based forecasts with direct cash flow forecasts are increasingly managed quarterly. Cash Positioning is concerned with today and often the next five business days. The purpose is to manage daily liquidity to ensure shortfalls are covered and surpluses are concentrated to earn some yield on excess cash. Cash & Liquidity Forecasting typically extends cash positioning with horizons anywhere from one week to one year. Forecasting leverages multiple data sources to increase confidence in the projected liquidity balances so that better cash decisions can be made. Why is Cash Visibility Important? Cash visibility is the lifeblood of any organization. A company that has clear visibility can invest or deploy cash strategically while minimizing debt and interest expenses. Accurate visibility also increases the effectiveness of hedging decisions and enables the treasurer to mitigate their organization’s risk to exposures while supplying the CFO with funding in support of strategic initiatives. Conversely, a lack of clear visibility can result in numerous issues, including: Insufficient buffer of surplus cash to absorb unforeseen expenses Idle cash, lower returns on investments Insufficient return on cash Higher than necessary borrowing costs Unnecessary bank fees and costs Inadequate support for CFO strategic decision-making Less competitive results and less effective treasury organization as a partner for finance Related Resource Unreliable cash visibility and forecasting is the treasury issue that causes CFOs the most concern. "The top benefits of using Kyriba are the visibility that it provides, the timeliness with which it provides that visibility, and the ease of use, in that it provides it all in one simple one-stop shop.” TRISH FISHER Director, Treasury Operations, WeWork The Path to Visibility Whether the treasurer is seeking to pay down external borrowing or maximize return on investments, the first step is to know what cash is currently available. But that’s not all, treasurers also need to be able to predict future liquidity flows and keep the right people informed. Achieving cash visibility is possible by using 5 definitive steps to move towards greater cash visibility and flexibility: Identify and Record Without an inventory of your banks and accounts, a complete cash visibility picture is unattainable. Prioritize and Rationalize Identify where to begin, difficult regions or banks, and determine accounts for closure. Automate Bank Connectivity and Reporting Harness the most costeffective and leading connectivity methods to access data from banks in an automated way. Generate and Streamline Cash Positioning with Liquidity Forecasting Accurately predict cash flows over the coming hours and days, and match actuals to forecasts to speed up daily reconciliation and cash application. Enhance and Optimize Future Cash Flow with Liquidity Planning The ability to see a holistic, aggregated view of cash and liquidity sources creates more accurate views and predictable free cash flow. Knowing your predictable liquidity creates a better understanding of any future liquidity shortfalls. Step One: Identify and Record Regardless of the scale and breadth of your organization’s banking and accounts structure, it is important to understand the banking landscape of all business units and subsidiaries. Whether operating in a domestic or international capacity, banking relationships. the accounts, the purpose of those accounts, and the core attributes of the bank, the accounts and their purpose all are necessary to begin a cash visibility project. This has many implications for the success of global cash visibility projects, such as: Establishing a full inventory of managed accounts, ensuring all balances are identified Ensuring the proper scope and prioritization of your project Optimization and rationalization across banks and accounts Effective comparisons and evaluations across banks for technical capabilities for connectivity, tech, regional coverage and other important services An effective bank relationship and bank account management database is the starting point for successful projects, but particularly when it comes to cash reporting. Where cash is rolling up in concentration or pooling structures, how funds are being transferred, purpose of the accounts, and even regulatory limitations all have a say in how you engage with your banking partners and the extent of cash flexibility. Step Two: Prioritize and Rationalize Bank reporting rationalization ensures accounts are identified and open for the right reasons. Often, particularly in international or more complex organizations, accounts are opened in haste to support business development and decisions. This is often necessary for statutory purposes, or to deal with an unforeseen acquisition or reorganization. However, if this situation exists, it’s possible cash and liquidity is not well defined or identified, as well. Organizations must understand and rationalize accounts, prior to moving into the next ‘step’, but this can continue throughout the project in parallel, too. The focus here is on creating a streamlined, but effective banking and account structure that fulfills treasury’s mission of safeguarding and optimizing cash, while still meeting specific business unit or subsidiary’s requirements. Bank improvements in reporting quality as well as the leading application of configuration within leading treasury management systems, creates the scenarios where previously opened, special-purpose accounts are no longer required to serve special purposes such as revenue, collections, treasury, or payables accounts. With banks being able to provide significantly improved quality of liquidity information within bank statements and other special purpose reports, and the speed of that data increasing through APIs, some companies can conduct business with one or two bank accounts per legal entity, business unit or country office. The focus here is on creating a streamlined, but effective banking and account structure that fulfills treasury’s mission of safeguarding and optimizing cash, while still meeting specific business unit or subsidiary’s requirements. Step Three: Automate Bank Connectivity and Reporting Visibility over multiple accounts requires automated bank connectivity. Companies of all sizes are often challenged in finding and implementing the right bank connectivity solution and is a critical driver of lack of visibility into cash. On the surface, bank connectivity is easy, so long as treasury teams prioritize the following: Security Automation Speed and Cost There are a variety of connectivity options to deliver security, automation and cost objectives. Yet, not all connectivity options are alike. Bank connectivity comes in a number of different forms, including: Host-to-host solutions, such as FTP, or leading practice connections using application programming interfaces (APIs) Country or region-specific protocols such as EBICS, Editran, Zengin Global cooperatives like SWIFT , which offer flexibility to manage your own connectivity or use a service provider and fully managed service bureaus The ideal connectivity solution for an organization will actually depend on factors such as bank and payment transaction volumes, bank account structures, and the location of company banks. These characteristics — in combination with what technologies the banks can (and prefer) to support — will drive the ideal connectivity choices. In practice, a combination of connectivity methods is likely the best solution to optimize costs while maintaining automation and security. Without utilizing varying connectivity methods, the company may spend more than necessary and potentially sacrifice information transparency. While managing multiple connectivity methods on your own may seem complex, connectivity-as-aservice models gives organizations faster global access to banks with pre-configured and existing connections. This coverage of the connective landscape for banks saves effort and time spelling big cost savings for the project phase as well as ongoing productive operations. When you select the right vendor to simplify bank connectivity by taking care of everything — from building connections, monitoring availability, and delivering automation all while providing new technology like APIs, organizations win and save money. Step Four: Generate and Streamline Cash Positions and Liquidity Forecasts The goal of cash positioning is to establish a realtime view of cash at any point in time and to be able to reconcile prior-day forecasts to enable the deployment of cash throughout the organization more quickly and accurately. Effective cash positioning reduces idle cash, creating opportunities to earn immediate yield while providing certainty over risk exposures that cash is exposed to. As a process, cash positioning involves gaining a real-time view of the company’s cash position at any moment in the current day(s) by consolidating a number of different sources and replacing old data with more up-to-date information. With today’s APIs gaining the real-time, near-instantaneous view of cash and liquidity is easier than ever. Within treasury technology, building the cash position typically involves combining a number of data sources: Prior-day balance — automatically downloaded from banks at the start of the day Current-day bank reporting — automatically downloaded from banks throughout the day, either at specific times (e.g., 1st or 2nd presentment) or as a constant stream of data via an API Expected payables and receivables — from the organization’s ERP and reported/cleared from bank statement details Treasury financial transactions and settlements — which are integrated within the treasury system Building a cash position is just the start. After building a cash position, it is then necessary to maintain and reconcile it. Maintaining the cash position involves updating and replacing cash flow data with more accurate information via intra-day updates from internal systems and banks. Reconciliation of the cash position is the matching of actuals to forecast flows, which is often done first thing in the morning as a part of typical treasury processes. The goal is to identify and understand surprises — for example, if a transaction did not happen yesterday then it may happen today, meaning the unreconciled variance needs to be rolled into today’s position. For many organizations, this process can be time consuming, so rules-based automation or artificial intelligence can be introduced to simplify the process. Key requirements for cash positioning include interactive dashboards and clear communication within — and outside of the treasury organizations: Interactive dashboards enable cash managers to drill down through multiple levels into any component of the cash position. Positions should be viewable by multiple dimensions in real-time by line item, bank, entity, currency, etc. Communication within and outside of treasury is critical. The treasurer, CFO and finance personnel managing subsidiaries all require cash visibility, so delivering visual and detailed reconciled cash positions is a critical outcome of daily cash positioning. Effective cash positioning and liquidity planning leads to numerous benefits for the finance organization: Keeping the CFO and the Board up to date with reliable and accurate cash position information Mobilizing cash across the organization for funding and investment purposes Enabling cash management processes such as pooling, sweeping and intercompany borrowing Optimizing interest income and expense via better informed borrowing and lending operations Reducing external borrowing by using internal cash resources effectively Step Five: Enhance, Optimize and Predict Cash and Liquidity While cash positioning can be used to predict cash flows in the coming hours and days, cash forecasting with liquidity planning information creates more accurate, longer horizons beyond weeks, extending into months, years. Cash forecasting must not only be accurate, but predictive using more historical and current data to be truly effective. Without complete confidence in projected forecasts, the cash forecast cannot support treasury in improving cash utilization. Cash forecasting is needed to help treasury invest cash over longer maturities, secure borrowing to fund operations and make more effective hedging decisions. And confidence in the cash forecast is the difference between achieving these outcomes and hoping to do so. So why do so many companies struggle to achieve an accurate forecast? Common challenges include a lack of accurate data sources, lost results from past forecasts, ineffective methodologies and a lack of alignment with performance metrics. If a forecast isn’t reliable, treasury is unable to trust it and therefore cannot use the cash forecast to make critical decisions. It is crucial to incorporate data sources from treasury, like financial transactions along with all the normal P2P and O2C cycle flows from the ERP Cash forecasting and Liquidity Planning creates future views of anticipated free cash flow and helps all of finance from FP&A to the CFO better strategic accuracy in decision-making. Identify, Find the Data Consolidate the Information Measuring Forecast Accuracy Predictive Analytics: Optimize Your Forecast Find the Data: Collaborating with Other Teams Forecasting incorporates key data points from elsewhere in the business so that effective collaboration can be administered between AP, FP&A, IT and regional controllers who own valuable forecasts data and/or administer systems to enhance forecast visibility. This collaboration is essential in making sure everyone involved knows what they are expected to provide with executive oversight to ensure that collaboration is prioritized. Consolidating Forecast Data Automating the integration of forecast data into a single system of record is the next critical factor in achieving effective forecasting. In many cases, source data may come from various ERP modules or in some cases other special purpose systems like procurement or revenue recognition/accounts receivable. In the past and in some situations, spreadsheet data to augment or provide coverage for areas or business units without systems could be a source, too. While consolidating data into a single system could be an IT-intensive exercise, best practice is to eliminate the need for internal IT resources, reducing the cost and time required to integrate systems. This can be done by having pre-built connectivity and integration through APIs provided by your treasury system. Measuring Forecast Accuracy The final piece of cash forecasting is to measure the accuracy of the cash forecast at a detailed level. Measuring forecast performance is critical to understanding how effective each line item and source of information was, offering valuable insight into where the forecast can be improved. This analysis must be done at a detailed level. For example, measuring accuracy before and after a 90-day/13- week period can hide many anomalies and offers no meaningful conclusions. Many organizations will measure week over week, while some will drill down at a daily level. Once accuracy is measured, the treasury team must implement a feedback loop to effect meaningful change. Regional controllers, for example, can only improve if presented with detailed facts. Further, standardized KPIs — that ideally would form a component of performance reviews and compensation calculations — go a long way in reinforcing desired forecast behavior. This is where commitment from the CFO will drive effective forecast performance. Optimize: Predictions for your Cash and Liquidity Once the foundation is established for forecasting your liquidity with the prior steps, the next level naturally leads to identifying the technology solution that will offer your organization and team the support and improvements for your liquidity forecasting. Technology can do more to provide value through expanding the horizon of your forecast, depth of insight, accuracy, and enhanced user experience with information already within your organization’s grasp. Through tools that leverage artificial intelligence companies today should be more advanced and be capable of: Create predictive dashboards and enhanced reporting Cash forecasts with risk models built-in Identify optimum cash cushion, draw-down levels, and investment levels Characteristics to look for when evolving and upleveling your forecasting efforts should include looking to solutions using AI-based predictive analytics for forecasting including calculations based on risk models that give treasury and FP&A teams the optimal cash cushion. Additionally, look for solutions giving you: Cash flow by level of confidence Recommendations for optimal investment strategy Predict liquidity requirements To successfully deploy an AI-driven predictive forecasting model, organizations must prepare structured and normalized historical data. Machine learning algorithms will identify patterns within the data to make predictions about when, for example, customers will actually remit payment. This AI-predicted data stream will align with other forecast data sources to deliver a more intelligent cash forecast to predict future liquidity needs. Human interaction remains important to ensure liquidity forecasting and planning aligns with internal risk policies of the team and organization. AI is a tool to complement, rather than replace, treasury teams as they execute more complex tasks and processes. In this role, AI is a critical piece in the drive to towards real-time treasury decision making and the progressions towards 24/7 liquidity management. Optimizing Cash Visibility Benefits Achieving full cash visibility takes time and effort, but the rewards are significant. Armed with a complete, accurate and up-to-date picture of the current cash position and liquidity planning flows, treasurers can: Make timely and confident decisions about activities, including investments, borrowing, cash concentration and hedging Pay down external borrowing with a clearer view of the cash available Invest strategically with a clear picture of current and future flows Reduce bank fees by closing or combining redundant bank accounts or negotiating with banks from a position of knowledge Minimize debt and interest expense by making the best use of internal cash and reducing external borrowing Gain a clearer picture of risk exposures and manage those risks more effectively Optimize planning of borrowing and lending operations Increase effectiveness of hedging by ensuring decisions are based on complete pictures of current balances and planned future transactions Cash Visibility – Final Thoughts The future of treasury technology is here and advancing rapidly; some banks have deployed their own APIs to integrate with their customers’ systems. New platforms are opening new products and services for corporate customers. One of these innovations is the movement towards real-time bank reporting. In many parts of the world, intra-day reporting happens less than twice per day, and in some cases not at all, meaning that daily cash positioning is largely driven by prior-day reporting and expectations of clearings throughout the day. Real-time bank reporting, delivered only by APIs, is the future and will be a game-changer for cash managers looking to achieve instant cash visibility into accounts. Additionally, Liquidity Planning extends the value of real-time treasury with the inclusion of cash, treasury instruments, planning information and liability information to deliver longer range strategic decisions by the CFO. Combined with real-time payments, treasury teams will be in an enviable position of not only having real-time views into bank accounts but also being able to mobilize cash domestically — and eventually cross border — within seconds. The transformation to real-time reporting will further pressure treasury teams to employ the right processes and analysis to effectively manage cash information in real time. It will be a change for those organizations that lack modern treasury technology, but an opportunity for enabled organizations to earn a competitive advantage in the utilization and deployment of cash. How Kyriba Can Help Kyriba can support you in achieving full visibility over cash. Kyriba helps organizations reduce the cost and complexity of bank connectivity — whether a company is connecting via SWIFT, using APIs, leveraging country protocol or using a combination of channels prioritizing security, automation and cost minimization. Organizations can easily keep track of signatories, manage workflows and store documents thanks to the control over all global bank accounts given by Kyriba’s bank relationship management solution. Additionally, companies can maximize the accuracy of their cash and liquidity reporting with Kyriba’s detailed and flexible variance analysis and feedback loop to forecast sources. With a full picture of current balances and future flows, you’ll be better positioned to make confident decisions about cash.   Want to learn more about how to achieve cash visibility for better cash forecasting? Check out this webinar to hear Kelkoo Group, a leading e-commerce company, shares their best practices and the payoffs of superior cash forecasting.

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. Download this report...

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. Download this report to understand more about the emerging trends and critical areas of practice that define how leading companies can outperform in operational efficiency, technology adoption, and process maturity. Enterprise Liquidity Management: 51% of leaders can produce a consolidated view of cash and liquidity in under one hour compared to 8% of the less equipped companies; Risk Reduction: 79% of leaders have implemented very effective payment fraud prevention and 69% of them effectively hedge to protect their liquidity; Real-Time Decisions: 93% of leaders leverage real-time insights, while 85% of them have integrated data from partners and third-party members into their enterprise platforms. Situation Overview For CFOs, treasurers, and corporate boards, the COVID-19 pandemic represented a moment of clarity. Seemingly overnight, CFOs were faced with a crisis bigger in many ways than the 2008 financial crisis. In the space of days, treasurers had to shift from managing long-term strategic initiatives of the business to ensuring immediate access to cash to fund basic business operations. Corporate finance leaders long burdened by dwindling IT budgets and limited head count were forced to lean heavily on their treasury and cash management tools. Unfortunately, some treasurers were hampered greatly by their legacy software packages, thwarted by a lack of agility and visibility with their legacy software. Yet, as with all major events, CFOs are often the powerful catalyst for change. The role of the CFO was already changing, but now, because of the past year, the CFO’s environment has changed as well. Corporate finance leaders long burdened by dwindling IT budgets and limited head count were forced to lean heavily on their treasury and cash management tools. Key Pain Points for Today’s Liquidity Management Teams To better understand these changes, IDC conducted a survey of more than 800 corporate finance leaders and practitioners in August 20211 to explore the emerging importance corporate finance leaders are assigning to liquidity management, both during times of crisis and to leverage opportunities for growth. The results of the survey were compelling in many aspects including findings that strongly indicate urgency for CFOs, treasurers, and other financial leaders to design and deploy strategic initiatives to manage liquidity holistically. Effective and efficient liquidity management is among the top priorities for survey respondents2. Here are a few reasons driving increased urgency for liquidity management for treasurers and other financial leaders: Ineffective communication of key treasury/financial metrics to key stakeholders through the company. Many financial leaders struggle to gather the data needed to effectively surface the key metrics to the executive teams and board members. A major part of this issue is the relative lack of real-time access to liquidity data. The survey shows that less than 30% of treasurers can leverage treasury insights in real time. Managing points of revenue leakage including fraud and payment optimization. Given the current environment of uncertainty, financial leaders are doubling their focus on areas of revenue leakage including bank fees/changes and fraud management issues. Only 42% of leaders would characterize their ability to protect their cash/liquidity against fraud as very effective. Given the average company will experience 5–10 fraud incidents per year, the impact on liquidity/cash is immense. Fraud is not the only source of revenue leakage, according to the survey; the reduction of transaction costs and fees paid to third-party payment providers was among the top 5 priorities for treasurers seeking to improve their ability to move cash and liquidity. Managing constant regulatory changes. The regulatory landscape is in constant flux for treasury operations including VAT changes, open banking implementation, and upcoming LIBOR changes. The CFO must have the tools to cope with these regulatory shifts. It seems that CFOs understand the urgency around this as the survey shows that increasing the budget for treasury technology and tools is the number 1 priority over the next two to three years. Liquidity Management Emerges as a Practice Area The events of 2020 have forced CFOs to prioritize business resiliency and continuity by optimizing liquidity management. This will mean a greater focus on working capital management3 including sourcing external funding and providing financing for critical suppliers efficiently. Given the current economic uncertainty, cash and liquidity management have been top of mind for financial leaders. The pressure to maintain liquidity is tremendous as companies of all sizes fight to retain market position and, in some cases, simply stay alive. As a result, businesses have found themselves needing to reforecast their liquidity and cash flow more frequently (weekly or even daily). However, this is a difficult proposition for any company considering the following survey data points, according to the IDC survey of more than 800 corporate finance leaders: Enterprise liquidity management is a “practice area” for 15% of the organizations. Survey leaders are well underway to operationalizing the building blocks of enterprisewide liquidity management (see Figure 1). Only one in eight companies has extensive visibility into the company’s current cash positions (i.e., real-time view of more than 90% of cash). Less than 5% of organizations can reliably forecast cash beyond three months, with most companies being able to only reliably forecast their company’s cash position out to four weeks. Further, less than 20% of organizations can forecast their company’s liquidity beyond one month. Only half (51%) of the businesses were able to build a consolidated view of their cash and liquidity within the same day of the request. In addition to being able to forecast and reforecast quickly and efficiently, financial leaders found that they desperately needed the ability to simulate future what-if scenarios and to create plans based on those what-if scenarios4. The benefit of this capability is that business leaders can remain in lockstep around core business objectives even as the business environment changes rapidly. Unfortunately, many financial leaders don’t have the tools to support scenario planning for liquidity, and as such, they must cope with limited visibility for decision making. The most prominent area of impact is in decision making for treasurers and their executive teams. CFOs with limited visibility are slower to make decisions regarding money movement, internal funding of projects, or M&A activity. Furthermore, a lack of visibility can even impact the bottom line as companies may choose to be less aggressive in moving money into/out of the exchange markets and may opt for expensive external funding sources unnecessarily. Managing Liquidity Enterprisewide Requires Unification More and more, organizations are coming to the realization that liquidity management is not only a critical aspect of functioning in this “new normal” but also a team sport. Organizations must have a unified approach to all data, processes, and human capital related to liquidity management5. Here are the key characteristics of an enterprisewide unified liquidity management process: Centralized liquidity / cash data The centralization of liquidity data streamlines financial operation, allowing for better control for financial leaders. Centralization provides financial leaders with the opportunity to standardize cash management across all legal entities, reduce the number of bank accounts in use, and provide a more holistic view of bank or FX exposures. Deep liquidity analytics Having access to deep analytics provides users with the ability to better predict future liquidity. More importantly, it allows them the chance to find patterns or overlooked items that have business significance (e.g., identifying cash as a revenue-generating asset and monitoring bank fees and deposit rates). Partnering environment Financial line-of-business professionals are often left on an island. This is often the case for finance directors, controllers, and heads of accounting. In fact, only 20% of survey respondents have their CEO as their champion who initiates unified liquidity management initiatives. The key to executive participation goes beyond simply getting the CEO involved in liquidity management decisions. The key here is to develop a partnering environment for all operational decision makers and stakeholders. This can be exceedingly difficult without the proper tools to support partnering and collaboration across business leaders. Dedicated tools to quickly expose key liquidity metrics to all stakeholders within the business are essential. Seamless integration Data must flow between all the relevant cash functions, including treasury, accounts payable, accounts receivable, FP&A, order management, and procurement6. In addition, the data must flow outside of the finance teams as well including investors and lenders, certain government agencies, credit rating organizations, and evens to certain customers and suppliers7. Only then will financial leaders be able to gain a holistic view of the organization’s current cash/liquidity position. Real-time massive data Finance leaders need real-time information to optimize decision making, but often they must wait till the end of day/period/quarter to get an accurate and holistic view of the current state of enterprise liquidity. Today’s liquidity managers need real-time data to build accurate forecasts and market simulations8. Real time is also essential in effective communication of the business cash position between stakeholders. Follow the Leader The process of managing treasury at the corporate level is complex and ever changing. In these cases, it is not unusual for CFOs and their treasury managers to reach out to gather advice from trusted sources. Leader companies, as defined by the survey, are more likely to reach out to their fintech partners and their accounting/audit partners for guidance than their laggard counterparts9. This is an example of how leader companies create a road map for other companies to follow. Here are a few other areas where leaders are blazing a trail for other companies: Involvement of the top management: A unified liquidity management strategy, when done properly, incorporates feedback from all departments. In short, a unified liquidity management strategy demands a unified approach from top finance leaders and even from the broader business leaders. For example, sales and supply chain have a massive impact on liquidity. As such, the leadership in these areas must also move in a coordinated fashion regarding liquidity management for the business. Visibility for financial leaders and decision makers: Leaders are significantly more aware of their real-time cash availability. Over 79% of leaders were able to get >75% visibility of past liquidity compared with <20% of laggards. Over 75% of all firms can predict their cash up to four weeks reliably; however, beyond four weeks is a struggle for all firms. The logistics of cash and liquidity: All (100%) leaders are very efficient at using pooling and sweeping to manage cash and liquidity; almost no laggards are. Leaders are focused on increasing the adoption of new and existing payment systems. Keeping cash and liquidity protected: Close to 100% of leaders are effective at using business continuity and contingency planning, payment fraud protection, and hedging compared with 35–55% of laggards. Leaders are focused on greater digitalization of end-to-end payment authorization. Setting financial operation up to grow cash and liquidity: Nearly all (99%) leaders have adopted business intelligence techniques to make better decisions regarding liquidity compared with 25% of laggards. Close to 100% of leaders are effective at using business continuity and contingency planning, payment fraud protection, and hedging compared with 35–55% of laggards. Benefits of Enterprise Liquidity Management Liquidity and cash management will be important to adapt to the rapidly changing business environment going forward. Importantly, liquidity management is essential amid any rapidly changing business environment, whether it is a global crisis, supply chain disruption, shifts in a competitive environment, or rapid internal growth as seen with many technology companies. Here are the key benefits of a cohesive and unified enterprise liquidity management strategy: Improved visibility: During the height of the pandemic, business decisions needed to be made within a matter of hours. Unfortunately, in the survey, IDC found that about 50% of organizations need more than one full day to build a consolidated view of their cash and liquidity. Decisions like layoffs and supplier payments had to be made quickly, and in nearly half the cases, according to the survey data, decisions were made without a consolidated current view of cash and liquidity. Companies can’t see upcoming shortfalls or dips in cash flow, which limits their ability to invest in long-term business initiatives like digital transformation, expand into a new geographic market, migrate to a new technology platform, or broaden product and service offerings. Better risk management: Today’s financial leaders are swimming in data and are finding FX, with all its moving parts, to be particularly difficult. Speed is another area of concern for treasurers that desire the ability to move money around the clock and in real time into and out of currency markets. However, with increased speed comes the need for more powerful real-time risk management capabilities. To highlight this, liquidity risk and fraud risk, collectively, were the most important strategic commitments, for financial leaders, to pursue over the next two to three years. More effective compliance: The tax and regulatory environment is constantly changing directly and significantly impacting treasury management processes. Today’s liquidity management professionals must be proactive to understand how these will impact treasury and other financial operations today and how they may impact these operations in the future. Greater process efficiency: The role of the average liquidity management professional is rapidly changing. While cash management and cash forecasting continue to be strategic priorities, liquidity managers and CFOs must also now focus on supply chain finance, insurance, and commodities. Even amid a period of expanding roles and responsibilities, many liquidity managers find themselves working with the same number of resources. The need to do “more with less” among financial professionals represents an opportunity for financial management technology vendors. According to the IDC survey, currently, 77% of financial leaders felt they lack either skills, head count, or budget to modernize their financial operation. Greater flexibility in financing: Businesses with an enterprise liquidity operation are better able to take advantage of a wider spectrum of asset-backed debt solutions including invoice financing, lines of credit, and demand loans. The visibility and control provided by unified coordinated liquidity management allow financial leaders greater working capital options. Further, this financing flexibility also provides a boost in business resilience, which is essential in times of uncertainty. As a result, establishing a receivables financing program was the top priority to improve cash and liquidity enterprisewide. The visibility and control provided by unified coordinated liquidity management allow financial leaders greater working capital options. APIs Unify the Practice of Holistic Liquidity Management The benefits listed previously and the road map laid out in the Follow the Leader section are all predicated on the smooth and rapid flow of data between various stakeholders and their corresponding applications. Specifically, unified liquidity management demands that the data from back-office applications be made available for processing and analysis. In many ways, topics such as cash management, liquidity forecasting, and treasury management efficiency all stem from robust data management practices and tools. The importance of data management has put the spotlight on application programming interfaces (APIs) and the promise they hold when deployed properly. The survey reveals that nearly 88% of respondents consider the adoption of APIs as important or very important. Liquidity management applications exist within a spiderweb of adjacent back-office applications and external data sources. Also, the liquidity/cash management process is a collection point for data from other multiple back-office systems/processes. Working capital management is an example of a process where data must be gathered from multiple systems/processes (e.g., ERP, procurement, accounts payable, reconciliation, and inventory). This interdependency places heightened importance on the smooth flow of data between these systems. This is where application programming interfaces become essential for liquidity management teams. The value of APIs can potentially extend beyond the four walls of the organization. APIs can be leveraged to incorporate external data sources to sharpen financial agility in areas such as FX, banking payments data, credit decisioning data, and even geopolitical factors that may impact the global flow of goods. Yet, according to the survey, just three of five companies are using APIs to integrate and optimize their internal system infrastructure (e.g., ERP, TMS). Further, a similar percentage uses APIs to extract/analyze internal data for reporting/management (e.g., dashboards). Leaders are always looking to adopt technology to support efficiency and agility in treasury operations. It is one of the essential differences between leaders and their laggard counterparts. For leaders, APIs are a core element of liquidity management operation. For example, 92% of leaders consider the adoption of APIs important or very important compared with 58% of laggards. APIs from a Global Perspective Major technology and economic hubs in Europe are significantly lagging behind the global average in terms of API adoption, according to the survey data. This represents hesitancy among major European Union (EU) players to adopt APIs (see Figure 2). Data residency and data privacy initiatives within Europe have tempered the demand slightly for cloud-native financial applications. However, this is changing rapidly as initiatives like the EU-funded project Open Clouds for Research Environments (OCRE) continue to grow and aid in accelerating cloud adoption in Europe. APIs Are Only the Beginning APIs, while important, are only the beginning. They are simply pipes that allow data to flow between systems, but it is not until this flow of data is harnessed that the real power of APIs emerges. APIs can potentially form the foundation of a platform where liquidity analysis and insights are harvested and shared with key stakeholders in real time. As such, the API layer must be paired with an additional layer of software that allows for data to be analyzed and structured into actionable insights. In a sense, APIs move financial data to a larger financial operating system where financial leaders get the business-critical information they need to make liquidity management decisions in real time. Future Outlook Liquidity Management Has Changed Permanently in the Past 24 Months CFOs and treasury managers suddenly find themselves facing a new reality where liquidity management is more strategic and more critical to the business than ever before. As a result, there will be permanent changes to the finance department going forward, including: The velocity of liquidity flow data will increase. Over 50 countries have adopted some form of real-time payment schemes in the past few years, with more to come. This has dramatically increased the speed at which treasury payments can move. This increases the need for improved security and enhanced reporting tools to manage enriched data sets from real-time payment platforms. Liquidity management becomes more essential. The pandemic will force treasurers to prioritize business resiliency and continuity by optimizing liquidity management. This will mean a greater focus on working capital management including sourcing external funding and providing financing for critical suppliers efficiently. The role of the CFO continues to expand. The role of today’s CFO is rapidly changing and expanding. While cash management and cash forecasting continue to be strategic priorities, CFOs are also increasing their focus on supply chain finance, insurance, and commodities. However, many financial leaders find themselves working with the same number of resources. Today’s financial management professionals require more advanced and innovative technology to keep up with the challenge. There will be a greater focus on advanced technology. To keep pace with rapidly changing market dynamics, treasurers will require their tools to be powered/enabled by cutting-edge technologies such as machine learning (ML), big data and analytics, microservices, and enhanced application programming interfaces. Digital banking / payments will be a focus area. Payment management was critically important during the pandemic and will remain so in the post-pandemic treasury world. As a result, digital banking platforms and bank connectivity will be a strong focus area for treasurers going forward. Finance departments long burdened by dwindling IT budgets and limited head count were forced to lean heavily on their treasury and cash management tools during the recent uncertainty. Unfortunately, some finance departments were hampered greatly by their legacy technology. But the survey data reveals that this is set to change (see Figure 3). Here are a few key future technology trends that will shape enterprise liquidity management going forward: Artificial intelligence (AI) is highlighted. Financial leaders for product-centric companies often must move quickly to secure supply chain obligations and financing. Many turned to advanced technologies such as machine learning and advanced analytics to help lower the data analysis/management burden and allow for more accurate decisions regarding financial management at speed. Cloud is leading the way. The most obvious takeaway is that organizations are planning on spending more on SaaS versus traditional (on-premises, single-tenant, and managed hosted) software. IDC research shows that organizations are already seeing a shift toward the public cloud for treasury, FP&A, and accounting software, but the survey results also suggest that this trend is accelerating considering recent disruptions. Aim to bridge the gap between finance and IT: For finance leaders, the top hurdle to digital transformation is the friction between often restrictive IT/security policies and the desire of the finance department to move quickly and be more agile. In IDC’s December 2020 Worldwide C-Suite (CXO) Survey, the most common hurdle for finance leaders to effective digital transformation agenda was the IT and security leaders slowing them down. The data reveals that financial leaders feel hampered by an inability to gather and disseminate that business-critical information to the necessary stakeholders at speed. As a result, financial leaders need more tools and features geared toward agility so that they can more quickly respond to rapid market shifts. Rapid payment technologies / initiatives see growth: For liquidity management professionals, time is of the essence when it comes to making payments. As a result, there has been growing momentum around faster payment programs. Recently, several payment initiatives were introduced/expanded, including SWIFT gpi, SEPA instant payment, and same-day ACH. Enterprisewide Liquidity Key Aspect of New Normal In the past, much of the financial leader’s role was to manage rear-facing details like closing the period, reconciling GL transactions, invoice matching, or cash application. While these will always be important, the uncertainty of 2020 put more of a focus on forward-looking activities like forecast, budgeting, and planning. With the pace of change in overdrive post-2020, financial leaders are investing a large amount of time trying to anticipate and plan for the next major change in business dynamics. A larger amount of the CFO’s time must be devoted to trying to develop a financial strategy to anticipate future shifts in market dynamics. For example, prior to the event of 2020, many CFOs and financial leaders would update their cash flow and liquidity plans quarterly or on a halfyearly basis. However, the financial and regulatory landscape is shifting so quickly, due to the shock of the pandemic, that many CFOs and their teams are now updating their cash flow and liquidity plans weekly or even, in some cases, daily. This new normal requires/demands a more unified approach to financial operations to cope with the new hyperspeed pace of economic change. It is more important than ever that financial data flow freely and quickly between key departments and key financial applications. Businesses on the leading edge have heard the call and are already making the necessary changes to thrive within this new normal. In fact, the survey shows that 15% of survey leaders are already operationalizing the enterprisewide management of liquidity as a practice area cross-functionally. Prior to the event of 2020, many CFOs and financial leaders would update their cash flow and liquidity plans quarterly or on a half-yearly basis. Emerging Need of a Chief Liquidity Officer As stated previously, the importance of liquidity has increased dramatically, and the need for an enterprise liquidity management approach has grown in importance as well. When taken together, they reveal the growing need for a dedicated chief liquidity officer. This position will act as a central point of authority and accountability for a unified liquidity management approach. This position would develop, manage, and optimize a holistic liquidity management strategy to ensure alignment with overall business objectives — especially as those objectives change/evolve/shift over time. However, a business looking to add this position must also invest in the tools, skills, and resources to manage liquidity at an enterprise level including forecasting/simulation, data visualization, and dashboarding tools as well as an API-driven platform that leverages automation and artificial intelligence to quickly gather and disseminate business-critical financial data. As the demand for business resiliency and proactive liquidity management continues to grow, so too will the demand for a dedicated chief liquidity officer. As the demand for business resiliency and proactive liquidity management continues to grow, so too will the demand for a dedicated chief liquidity officer. Challenges / Opportunities Ecosystems that must be curated: Liquidity management operations require data flows from many internal and external data sources. These data sources must be constantly curated to make sure that the financial leadership has access to the latest information and cutting-edge technology advancements. Curating ecosystems around the liquidity management solution takes effort and resources from a department that is often lacking in resources. Getting buy-in: Data shows that many line-of-business financial managers (e.g., controllers, accounting managers, and treasurers) don’t have support for liquidity management operation transformation. While this was the case for line-of-business financial managers prior to the pandemic, according to the survey data, this phenomenon is still a reality for many line-of-business financial managers. Data security risks: While APIs have tremendous promise for data integration, they also have the potential to expose sensitive data when not managed properly. API keys, for example, must be handled with great care or risk giving unlimited read/write access to financial information. Conclusion The CFO’s role has evolved into a strategic business partner for the rest of the organization, and the capability that’s required to deliver actionable intelligence downstream to the decision makers at the edge of the business or the lines-of-business leaders is evolving as well. For context, IDC believes the total available market for an enterprise liquidity management software (e.g., treasury, B2B payments, corporate payments, supply chain, and receivables financing) approached $30 billion in 2020. This is a massive opportunity for vendors to step in and help the CFO as their role changes. To access data is just the beginning of the journey to enterprise liquidity management. The ever-evolving remit of the office of the CFO is to be the lightning rod for data within the business and users of that data to power coordinated, data-driven financial business decisions throughout all facets of the organization. This demands a system that is built to aggregate, analyze, and disseminate data. This need is driving the emergence of centralized intelligent financial data platforms built upon APIs and strong data management principles. This new liquidity management platform may also necessitate the emergence of a chief liquidity officer to sit at its helm. In any case, the world of liquidity management is changing rapidly, and a unified enterprisewide liquidity management approach is no longer a luxury — it is a must for today’s business environment. References n = 440 European organizations, $100mil+ revenue. Enterprise Liquidity Management Is a Focus Area for Senior Execs Among Leader Organizations: CFO, CEO, Board of Directors. In 23% of the most advanced corporates, Liquidity Management is a focus area for CEOs, whereas it mainly remains a in the hands of the treasurers for the laggards (23%) Leaders Are Focused More on Integrating Working Capital Data, While Laggards Target Transitioning to Real-time Visibility And Improving Quality of Data Common Priority. They are more focused on integrating working capital data (43% against 27% of the less equipped companies). 80% of Leaders have adopted business intelligence techniques to make better decisions regarding liquidity. Survey Readout slide 40–48% of Leaders Encounter Greater Disconnected Priorities Between Finance and IT Departments. Most Leaders (75%) have transparent and well-connected corporate finance and treasury teams compared to ~30% of Laggards. This is visibly reflected in the adoption rates across APIs for different purposes: • To integrate and optimize their internal system infrastructure – 80% Leaders vs 10% Laggards. • To leverage internal data for reporting – 90% Leaders vs 15% Laggards • To send data to partners and others – 80% Leaders vs 27% Laggards • To receive data from partners and third-party members – 85% Leaders vs 10% Laggards >90% of Corporate finance and treasury teams of Leaders can effectively leverage real-time insights compared to only 33% of Laggards. 39% of Leaders Have a Wider Set of Fintech Partners to Support Enterprise Liquidity Management Initiatives Compared to just 7% of Laggards. Source: IDC Enterprise Liquidity Management Study, sponsored by Kyriba, August 2021. Want to learn more about Enterprise Liquidity Management?  You are welcome to join Kyriba's upcoming monthly live demo sessions to see the Kyriba ELM platform in action. An on-demand demo session is available here.

APIs offer a lifeline for CFOs and treasurers who are looking for both innovation and cost improvements. Although many CFOs think of APIs as an expedited pathway for bank connectivity, bank connections are just...

APIs offer a lifeline for CFOs and treasurers who are looking for both innovation and cost improvements. Although many CFOs think of 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, including capabilities that vastly improve cash forecasting, liquidity management and payments. APIs offer an information and processing gateway to realizing digital transformation. Unlike FTP, APIs do not require files to be sent or downloaded. Data is exchanged point to point between systems immediately, allowing for instant data transmission and eliminating substantial risk. They enable the development and use of faster, pre-built connectors to reduce implementation times and facilitate real-time payments and security. In this whitepaper, we'll explore: What APIs are and how they work The different types of APIs that are available How APIs can revolutionize ERP connectivity, cash management, liquidity management, payments and more. CFOs are investing more than ever on enterprise platforms, with organizations spending an estimated $675 billion in 2022, according to Statista. Much of this investment is for organizations to move their enterprise resource planning (ERP) systems to cloud platforms, such as SAP S/4 Hana Oracle Cloud, and Microsoft Dynamics 365 leading the large corporate market. For CIOs looking to effectively support their CFO business partners, connectivity from ERP to internal and external systems and data sets remains a costly challenge, often delaying go-live dates and driving significant cost overruns. Application programming interfaces (APIs) offer a lifeline for CIOs and CFOs who are looking for both innovation and cost improvements. And while many CFOs think of 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. What Is an API? An API is a program that allows mulitple pieces of software to “talk” to each other. Applications on your phone and embedded widgets on a website all use APIs to request or deliver information. Why APIs Matter for Finance Gartner research revealed that nearly 50 percent of financial leaders will incorporate a “composable financial management system” by 2024 “to deliver capabilities and outcomes that keep up with the rapid pace of business change.” APIs are enabling that change. They are transforming the way finance leaders consume data and are allowing a coupling of multiple applications that was previously impractical to support, creating a gateway to real-time business intelligence and digital solutions. Unlike file transfer protocol (FTP), APIs do not require files to be sent or downloaded. Data is exchanged point to point between the systems immediately, allowing for instant data transmission and eliminating substantial risk. They enable the development and use of faster, pre-built connectors to reduce implementation times and facilitate real-time payments and security. "With APIs, your platforms evolve from being systems of record to systems of engagement,” said Bob Stark, Global Head of Market Strategy at Kyriba. “Your platform is connected with any number of internal and external systems to be continuously up to date.” Open API Platforms APIs facilitate open networks. Using developer portals, technology providers can build applications on top of the API provider’s platform. Open banking is a perfect example. The Revised Payments Services Directive (PSD2) in 2018 helped to make APIs even more relevant for corporate treasury and finance. The EU Directive requires banks to open their platforms to payment technology providers – with APIs being a leading solution to manage this compliance. Although PSD2 only applies to the European Union, similar initiatives in other regions also quickly emerged as banks in the United States and throughout APAC have recognized the opportunity to offer real-time, data-driven services to corporate clients. "The PSD2 movement has really encouraged banks to start to open APIs for corporates.” —Felix Grevy, VP of Product, Open API and Connectivity for Kyriba A common frustration among treasury and finance leaders is a lack of centralized visibility across multiple departments, liquidity and payments. Open API platforms act as a conduit between disparate teams and systems, allowing for real-time connections to apps, data, and new products and services. Open API platforms reduce manual processes, and deliver composable technology solutions, enabling corporate and bank users to inject data-driven decision-making into every financial operation. APIs for Bank Connectivity It’s important to note that banks and technology solutions providers that are managing open platforms are not replacing legacy formats like FTP and SWIFT with APIs. Instead, they are offering APIs as a complement to these formats. Following the advent of PSD2, European banks have begun using “premium” APIs, which are open APIs with greater functionality. "The difference between the PSD2 APIs and premium APIs is that premium APIs are more powerful,” Grevy said. “You can retrieve balances and do instant payments. And they are much more secure, and much more appropriate for integration with an ERP or treasury management system (TMS).” Banking services optimized via API vary, some examples include: Bank Groups Branch Reporting Bank Account Groups Cash and Cash Flow Reporting However, the rollout has been slow. Most banks are not using APIs in live production yet, and many of the ones that do use APIs only offer them for certain real-time services—meaning that multiple connectivity options are needed to fully support a treasury and finance team. Furthermore, most technology vendors only offer no functionality beyond bank connectivity and can only connect one ERP to a bank. Nevertheless, API connectivity 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. So while adoption may be slow and gradual, the advantages to the end user are clear. ERP Connectors ERP platforms like SAP, Oracle and MS Dynamics have major efforts to develop and embed APIs into a wide array of functions and workflows. Luckily, for IT and Finance functions arent’ required to do the heavy lift; these APIs are plug-and-play and enabling more and more core integrations and reporting capabilities. Cash Management APIs offer organizations the ability to manage cash continuously and in real-time. Rather than relying on batch reporting that is constrained to pre-determined times throughout the day, treasury teams can now access reports as needed. Receiving un-batched, real-time liquidity information greatly improves cash reconciliations, cash application, and accuracy of liquidity overall. This will, in turn, change the mechanics for best-practice cash forecasting and lead to the production of intraday liquidity products, such as hourly investing. Allowing treasury professionals to access their cash outside of previously “normal” hours not only expands the scope in which organizations can leverage their liquidity, but also allows treasury to make greater strategic contributions. APIs also allow treasury and finance to track sufficient movements in and out of the accounts throughout the day. That visibility can help organizations to make significant intraday decisions instead of end of day or overnight. Payments APIs can streamline the entire payment journey. Instead of relying on batch processes that transmit at several pre-determined times each day, APIs allow payments to be initiated from treasury management systems and ERP systems as needed—even in real time. In fact, real-time payments require APIs. Simply put, if you want payments to settle instantly, you can’t rely on file transfers. Using File Transfer, bank files are extracted, reformatted, encrypted, and downloaded by the treasury platform—a process that takes five to ten minutes at least. Once balances are known, the process to send and confirm a payment is another five to ten minutes at minimum. APIs, in contrast, can query a bank balance and then send a real-time payment instantly without the transfer of any files. With the rapid increase of both domestic real-time payment systems (The Clearing House’s RTP and FedNow in the U.S.) and cross-border platforms (SEPA Instant, SWIFT Go, and Nexus) APIs are a necessity for businesses who want to deliver instant payments. Leveraging APIs to utilize real-time payments not only revolutionizes the initiation and acknowledgement process, but also the ability to mitigate fraud. While the 2022 AFP Payments Fraud & Control Survey found that business email compromise scams have decreased recently, they are nevertheless still a persistent threat. Since real-time payments don’t afford users the opportunity to identify fraudulent transactions after transmission, fraud mitigation strategies must now be included in the approval process. Building APIs into the payment platform allows users to fully automate bank account validation and payment policy screening, identifying exceptions. Outliers can be flagged and set aside for review, while all other payments travel seamlessly as intended. Creating Flexible Reporting and Information Systems APIs are far more than just connectors to banks and ERPs. APIs can revolutionize the ways in which treasury and finance operate both internally and holistically. APIs offer the ability to create a flexible, custom, data warehouse that could exist within your TMS, as some treasury systems can act as a single source of record. When other systems have limited functionality, your data warehouse can fill the gaps through provision of market data, financial transaction specifics such as portfolio, project or risk-related information to deliver a quick, flexible source of weekly treasury reporting. Regardless of where your data is stored, APIs establish the means to integrate various data sources within a single repository or warehouse. Second, APIs allow treasury and finance to automate beyond task automation, which streamlines the organization’s own capabilities. APIs enable process automation, which simplifies and entire workflow like the entire payment journey. Entire systems and processes can be brought together more easily via APIs. Both automation and the extent of the functional coverage facilitate composable financial management systems. When networks of personalized systems, reports, dashboards, and efficient workstreams are enabled and integrated by APIs, treasury and finance teams can then focus on accelerating innovation and cost-reduction projects. ERPs, while critical, are not the only system requiring strong integration and the exchange of information for stronger decision-making. APIs are the glue that holds all of these components together and APIs change the efficiency and real-time capabilities for treasury and finance leaders. "CFOs and CIOs, hand in hand, are recognizing that we need APIs to bring everything together to accelerate the innovation,” Stark said. “Before APIs, the way that you’re making a composable financial system is by using custom interfaces, manual clicking and logging into systems and, if you’re lucky, a little bit of RPA. APIs are perfectly suited to improve process automation, linking multiple systems and workflows together, because they allow finance teams to build a system of multiple components.” Figure 1. Progression of Hyberautomation Initiatives Source: Gartner 2021 References Information technology (IT) spending on enterprise software worldwide, from 2009 to 2023 2022 AFP Payments Fraud and Control Survey Gartner Identifies the Top Technology Trends That CFOs Should Address Today   Interested to learn more about how APIs will change the way treasury and finance leaders consume and act on information? Check out this webinar where Alex Yang from Bank of America, David Miller from Hunt Companies and Bob Stark from Kyriba demystify APIs' value for payments, intra-day liquidity, ERP integration, fraud detection, cryptocurrencies and more.

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.

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.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The October 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the second quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas.

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.

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.

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.

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.

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).

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

Companies of all sizes and all industries endured volatile currency in 2020 with an over 130% overall quarterly increase. But not all companies suffered major losses. The companies that weathered the foreign exchange storm...

Companies of all sizes and all industries endured volatile currency in 2020 with an over 130% overall quarterly increase. But not all companies suffered major losses. The companies that weathered the foreign exchange storm best were those with visibility and analytics where it was most critical: ​their FX Balance sheet​.

In a world where so many teams now work-from-home, remote implementation of critical projects has become part of the new normal. For treasury teams, the best practices around remote implementation have come into sharp...

In a world where so many teams now work-from-home, remote implementation of critical projects has become part of the new normal. For treasury teams, the best practices around remote implementation have come into sharp relief very quickly. Following this new playbook enables treasury teams to work from anywhere, while offering best-in-class levels of efficiency and automation.

Companies of all sizes and all industries endured volatile currency in 2020 with an over 130% overall quarterly increase. But not all companies suffered major losses.

Companies of all sizes and all industries endured volatile currency in 2020 with an over 130% overall quarterly increase. But not all companies suffered major losses.

The global interest rate benchmark, London Interbank Offered Rate (LIBOR), will lose its status and likely be replaced by 2022.

The global interest rate benchmark, London Interbank Offered Rate (LIBOR), will lose its status and likely be replaced by 2022.

How should a CFO think differently in 2021? What changes are vital to success? Emerging from 2020, some organizations have seen accelerated growth and many others are simply trying to survive. The pandemic hasn’t...

How should a CFO think differently in 2021? What changes are vital to success? Emerging from 2020, some organizations have seen accelerated growth and many others are simply trying to survive. The pandemic hasn’t just caused pivots - it has also brought about permanent change.

The global interest rate benchmark, London Interbank Offered Rate (LIBOR), will lose its status and likely be replaced by 2022. Having been a hallmark in treasury the past 30 years, this shift has generated...

The global interest rate benchmark, London Interbank Offered Rate (LIBOR), will lose its status and likely be replaced by 2022. Having been a hallmark in treasury the past 30 years, this shift has generated a great deal of uncertainty, leaving those in the market to make choices without a widely held consensus or waiting for others to choose.

One of the most striking phenomena in the last 30 years has been globalization, with Asia-Pacific (APAC) being the most intriguing and inscrutable. Expansion into APAC, whether remote or physical, extends enterprises many potential...

One of the most striking phenomena in the last 30 years has been globalization, with Asia-Pacific (APAC) being the most intriguing and inscrutable. Expansion into APAC, whether remote or physical, extends enterprises many potential benefits, such as opportunities to expand their customer base and make supply chains more efficient.

The October 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2020 earnings. The report serves as a key benchmarking tool for global corporations.

The October 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2020 earnings. The report serves as a key benchmarking tool for global corporations.

Close to 50% of the globe’s most influential and powerful banks are collaborating with FinTechs to further service their clients (Strategic Treasurer 2019 survey). Further, these banks have labeled partnering with FinTech as their...

Close to 50% of the globe’s most influential and powerful banks are collaborating with FinTechs to further service their clients (Strategic Treasurer 2019 survey). Further, these banks have labeled partnering with FinTech as their top focus regarding their annual spend to SCF.

Cash visibility and forecasting accuracy has always been paramount for Treasury & Finance success. Recently it has become critical to business viability. This is a trend that will only increase with the adoption of...

Cash visibility and forecasting accuracy has always been paramount for Treasury & Finance success. Recently it has become critical to business viability. This is a trend that will only increase with the adoption of APIs, real-time payments and artificial intelligence technology.

The technology used to power treasury and finance teams is only as good as the reporting and analytics it can provide. Now is the time to see what Kyriba can do to put the...

The technology used to power treasury and finance teams is only as good as the reporting and analytics it can provide. Now is the time to see what Kyriba can do to put the power of business intelligence analytics in your hands.

Our "new normal" is yet to be fully understood. However, it is quite clear that leadership will mandate significant cost savings throughout the organization. This webinar focuses on the value your organization can realize...

Our "new normal" is yet to be fully understood. However, it is quite clear that leadership will mandate significant cost savings throughout the organization. This webinar focuses on the value your organization can realize by implementing a payment and statement hub within your business and the value that can be derived.

The complex nature of global bank connectivity is often cited as one of the most difficult, time-consuming and riskiest components of an Oracle Cloud migration. But some organizations have found a way to simplify...

The complex nature of global bank connectivity is often cited as one of the most difficult, time-consuming and riskiest components of an Oracle Cloud migration. But some organizations have found a way to simplify and accelerate their bank integrations.

In this webinar, we cover how Kyriba clients are able to successfully manage multi-currency drawdowns, facility fees syndication, as well as reporting.

In this webinar, we cover how Kyriba clients are able to successfully manage multi-currency drawdowns, facility fees syndication, as well as reporting.

In an industry increasingly affected by a fluctuating geopolitical climate, regulations, and uncertainty, today's manufacturing and industrial enterprises have to adapt & transform in anticipation of the certain unpredictability that they frequently face.

In an industry increasingly affected by a fluctuating geopolitical climate, regulations, and uncertainty, today's manufacturing and industrial enterprises have to adapt & transform in anticipation of the certain unpredictability that they frequently face.

Learn how Business Intelligence can radically simplify analyzing FX Gains and Losses in a daily rate environment. As the most deployed FX management system globally, Kyriba is committed to enabling multinational companies with FX...

Learn how Business Intelligence can radically simplify analyzing FX Gains and Losses in a daily rate environment. As the most deployed FX management system globally, Kyriba is committed to enabling multinational companies with FX optimization and risk management.

The July 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q1 2020 earnings. The report serves as a key benchmarking tool for global corporations.

The July 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q1 2020 earnings. The report serves as a key benchmarking tool for global corporations.

Given the current environment of less business travel and an overall shift to working remotely, many companies are choosing or required to implement their most critical projects remotely.

Given the current environment of less business travel and an overall shift to working remotely, many companies are choosing or required to implement their most critical projects remotely.

Companies are rapidly migrating from on-premise ERPs to cloud-based systems. But some organizations have found a way to avoid the hours and dollars of consultant work to create their bank connections in the cloud,...

Companies are rapidly migrating from on-premise ERPs to cloud-based systems. But some organizations have found a way to avoid the hours and dollars of consultant work to create their bank connections in the cloud, regardless of which ERP they use.

ERP cloud migration is a costly and time-consuming undertaking, particularly where IT is concerned – and for many corporations, the bank integration exercise can be among the most daunting aspects of the project.

ERP cloud migration is a costly and time-consuming undertaking, particularly where IT is concerned – and for many corporations, the bank integration exercise can be among the most daunting aspects of the project.

Treasury professionals in higher education face different challenges in the workplace. We want to provide insights into these unique views. The 2020 Higher Education survey and the results focus on banking services, student enrollment...

Treasury professionals in higher education face different challenges in the workplace. We want to provide insights into these unique views. The 2020 Higher Education survey and the results focus on banking services, student enrollment and regulatory changes, fraud management, and portals, purchasing cards, and refunds.

Many mortgage lenders and servicers have relied for years on disparate solutions across spreadsheets, internally built systems, and bank portals to manage liquidity. During this time of economic turmoil, mortgage lenders are managing through...

Many mortgage lenders and servicers have relied for years on disparate solutions across spreadsheets, internally built systems, and bank portals to manage liquidity. During this time of economic turmoil, mortgage lenders are managing through volatility with record volumes of mortgage refinancing and forbearance requests.

With the initial shock of COVID-19 in our rearview mirror, Treasury groups across the country are reflecting on the lessons of this crisis. Join us for a panel discussion with corporate practitioners as they...

With the initial shock of COVID-19 in our rearview mirror, Treasury groups across the country are reflecting on the lessons of this crisis. Join us for a panel discussion with corporate practitioners as they shed light on lessons learned and how they’re prepared to weather a potential second wave.

Find out how Kyriba can automate the bank to book reconciliation process and see how Kyriba clients use the bank statements already in Kyriba to reconcile the general ledger and generate better reporting for...

Find out how Kyriba can automate the bank to book reconciliation process and see how Kyriba clients use the bank statements already in Kyriba to reconcile the general ledger and generate better reporting for auditors.

There has been a paradigm shift in the way Business Continuity Planning is thought about and executed. In normal times, BCP is thought about as a short-term set of institutionalized procedures and technology components...

There has been a paradigm shift in the way Business Continuity Planning is thought about and executed. In normal times, BCP is thought about as a short-term set of institutionalized procedures and technology components designed to fill gaps when minor disruptions occur.

The Federal Reserve has announced loan programs targeted for US companies of up to $5b in 2019 revenues or up to 15,000 employees, which, if eligible, companies may apply for, through qualified lenders.

The Federal Reserve has announced loan programs targeted for US companies of up to $5b in 2019 revenues or up to 15,000 employees, which, if eligible, companies may apply for, through qualified lenders.

Learn how Kyriba can help you streamline and control the cash accounting cycle by utilizing robust, specific mapping rules to automate the creation of accounting entries for bank transactions and more. Remember, this session...

Learn how Kyriba can help you streamline and control the cash accounting cycle by utilizing robust, specific mapping rules to automate the creation of accounting entries for bank transactions and more. Remember, this session is designed to be interactive, so bring your questions for our QA taking place after the demonstration.

International sanctions pose significant risks on the day-to-day corporate treasury processes. Regulators such as the US’ OFAC, impose financial sanctions to an ever-increasing number of entities and impose hefty fines on companies that fail...

International sanctions pose significant risks on the day-to-day corporate treasury processes. Regulators such as the US’ OFAC, impose financial sanctions to an ever-increasing number of entities and impose hefty fines on companies that fail to comply – in 2019 OFAC enforcement actions reached an all-time high with a staggering amount of $1.3bn in fines against 26 companies.

The COVID-19 pandemic has dramatically impacted the global payment ecosystem. With strained businesses revenue streams, treasury teams are trying to enhance visibility of incoming funds and keep supplier payments flowing. Understanding the crisis impact...

The COVID-19 pandemic has dramatically impacted the global payment ecosystem. With strained businesses revenue streams, treasury teams are trying to enhance visibility of incoming funds and keep supplier payments flowing. Understanding the crisis impact on the velocity of money will help guide firms as they seek to recalibrate their business models in the post-COVID world.

The corporate treasury function within enterprises is shifting from what was by some considered a traditional cost center to a profit center able to generate incremental revenues through the efficient management of working capital...

The corporate treasury function within enterprises is shifting from what was by some considered a traditional cost center to a profit center able to generate incremental revenues through the efficient management of working capital while supporting the enterprise’s long-term goals by becoming an efficient and innovative function.

SAP S/4HANA plays a pivotal role in the digital transformation initiatives of many companies, but how can you unleash the most value from SAP S/4HANA to meet business needs and make informed decisions with...

SAP S/4HANA plays a pivotal role in the digital transformation initiatives of many companies, but how can you unleash the most value from SAP S/4HANA to meet business needs and make informed decisions with real-time transaction data? In this webinar, experts from Kyriba and Promantus will walk attendees through the key things they need to consider when migrating to SAP S/4HANA, including:

The recent, rapid escalation of FX volatility, in combination with sudden moves by the Fed & other central banks, has hatched a new market reality. Contemporary treasury teams are untangling this enigmatic reality using...

The recent, rapid escalation of FX volatility, in combination with sudden moves by the Fed & other central banks, has hatched a new market reality. Contemporary treasury teams are untangling this enigmatic reality using advanced analytics, and reassessing whether their hedging program should be even more calibrated, to take advantage of the new currency market conditions.

More than 70 percent of SAP and Oracle customers are due to undergo an ERP cloud migration within the next three years, a major undertaking. But such a project also offers a great opportunity...

More than 70 percent of SAP and Oracle customers are due to undergo an ERP cloud migration within the next three years, a major undertaking. But such a project also offers a great opportunity to approach payments more strategically in areas such as fraud detection, bank connectivity and payment formats.

A month ago, the global financial landscape changed. Entire nation's economies halted, currencies in flux, companies furloughing or firing portions of their workforce, and employees forced to work-from-home. As the vanguard of the companies'...

A month ago, the global financial landscape changed. Entire nation's economies halted, currencies in flux, companies furloughing or firing portions of their workforce, and employees forced to work-from-home. As the vanguard of the companies' liquidity, treasurers and finance teams have been forced to adapt to the Coronavirus crisis.

This Treasury in Practice guide offers excellent tips to increase the prominence of treasury within the organization and become a trusted ally to the CFO, the entire C-suite, and the business as a whole.

This Treasury in Practice guide offers excellent tips to increase the prominence of treasury within the organization and become a trusted ally to the CFO, the entire C-suite, and the business as a whole.

An expert panel comprised of leaders from AFP, Kyriba, financial institutions and the corporate C-suite outline what boards expect from finance and treasury today, expectations to drive greater liquidity and strategies to protect cash,...

An expert panel comprised of leaders from AFP, Kyriba, financial institutions and the corporate C-suite outline what boards expect from finance and treasury today, expectations to drive greater liquidity and strategies to protect cash, liquidity and balance sheets.

Our “new normal” is yet to be fully understood. However, it is quite clear that leadership will mandate significant cost savings throughout the organization. The session focuses on the value your organization can realize...

Our “new normal” is yet to be fully understood. However, it is quite clear that leadership will mandate significant cost savings throughout the organization. The session focuses on the value your organization can realize by implementing a payment and statement hub within your organization and the value that can be derived.

The April 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q4 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The April 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q4 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The current global and economic state has highlighted the growing need for treasury and finance team to focus on activating their liquidity. And doing so has become increasingly easy with technology. So how does...

The current global and economic state has highlighted the growing need for treasury and finance team to focus on activating their liquidity. And doing so has become increasingly easy with technology. So how does treasury leverage technology to activate liquidity and generate new growth, and what does it gain by doing so?

The Coronavirus has brought an unprecedented disruption to the global workforce. It has also led to a significant increase in payment fraud attempts, which are reportedly up 667% from February to March, as criminal...

The Coronavirus has brought an unprecedented disruption to the global workforce. It has also led to a significant increase in payment fraud attempts, which are reportedly up 667% from February to March, as criminal fraudsters are exploiting gaps and control issues in corporate payment workflows as finance teams struggle to operationalize while working from home.

Securing the production capacity of suppliers and de-risking supply chains have become high-priority boardroom topics in the wake of the current health crisis bringing down the economic backbone of countries across the globe.

Securing the production capacity of suppliers and de-risking supply chains have become high-priority boardroom topics in the wake of the current health crisis bringing down the economic backbone of countries across the globe.

Due to the dynamic nature of travel plans and events at this time, many organizations have made the decision to postpone in-person events. Over the course of the next 3 months, Kyriba is ready...

Due to the dynamic nature of travel plans and events at this time, many organizations have made the decision to postpone in-person events. Over the course of the next 3 months, Kyriba is ready to help you earn your CTP credits via online webinars on a variety of topics.

It may be a few months into 2020, but treasury teams are already focusing on the future and looking for new ways to innovate and leverage the latest technology to streamline their day-to-day processes.

It may be a few months into 2020, but treasury teams are already focusing on the future and looking for new ways to innovate and leverage the latest technology to streamline their day-to-day processes.

Currency volatility has returned with a vengeance as a result of the global pandemic and crashing oil prices. Hear from leading currency market experts on what to expect from the currency markets over the...

Currency volatility has returned with a vengeance as a result of the global pandemic and crashing oil prices. Hear from leading currency market experts on what to expect from the currency markets over the next few months and learn about pragmatic and proven steps your organizations should be taking to deal with the surge in currency risk.

The COVID-19 pandemic is accelerating business continuity, disaster recovery, and risk management planning to ensure treasury meets strategic and emergency requests from senior management while simultaneously optimizing liquidity and de-risking treasury operations.

The COVID-19 pandemic is accelerating business continuity, disaster recovery, and risk management planning to ensure treasury meets strategic and emergency requests from senior management while simultaneously optimizing liquidity and de-risking treasury operations.

An art or a science? Maybe both? Forecasting is a fundamental component to making key financial decisions such as capital planning and centralizing currency risk management. In this webinar, you will learn how Kyriba...

An art or a science? Maybe both? Forecasting is a fundamental component to making key financial decisions such as capital planning and centralizing currency risk management. In this webinar, you will learn how Kyriba clients have been able to successfully build cash forecasts, as well as to measure their forecast accuracy to make confident cash decisions.

A treasury management system is one of the most important tools available to today’s treasury professionals. As more organizations adopt treasury systems, there is a greater need to increase usage and deliver greater value.

A treasury management system is one of the most important tools available to today’s treasury professionals. As more organizations adopt treasury systems, there is a greater need to increase usage and deliver greater value.

While Treasury departments are typically aware of the advantages of using a treasury management system (TMS), they are often less clear on what is required to achieve the full benefits.

While Treasury departments are typically aware of the advantages of using a treasury management system (TMS), they are often less clear on what is required to achieve the full benefits.

Kyriba and CFO.com surveyed more than 150 CFOs and senior finance executives to learn their current priorities related to treasury, their top treasury concerns for 2020 and areas they think need to improve.

Kyriba and CFO.com surveyed more than 150 CFOs and senior finance executives to learn their current priorities related to treasury, their top treasury concerns for 2020 and areas they think need to improve.

Embark on a treasury transformation journey by joining Kyriba’s upcoming webinar series that will take a deep-dive into a variety of trending treasury topics and explore how cloud technology solutions can help your organization...

Embark on a treasury transformation journey by joining Kyriba’s upcoming webinar series that will take a deep-dive into a variety of trending treasury topics and explore how cloud technology solutions can help your organization accelerate business performance.

In today’s highly-volatile global currency climate, multinationals are looking to leverage automation and technology to facilitate more cost-effective exposure management.

In today’s highly-volatile global currency climate, multinationals are looking to leverage automation and technology to facilitate more cost-effective exposure management.

Establishing effective treasury policies while executing consistent operational procedures is one of the most understated responsibilities of treasury. And while a treasury department is only as good as the policies and procedures it has...

Establishing effective treasury policies while executing consistent operational procedures is one of the most understated responsibilities of treasury. And while a treasury department is only as good as the policies and procedures it has in place, many treasurers consider them to be an afterthought, or the ones available are largely outdated.

In today’s ever-changing business environment, there are several key factors that are driving change across the treasury aggregation landscape. Strategic Treasurer’s Treasury Aggregator Analyst Report outlines these key factors and provides other helpful information.

In today’s ever-changing business environment, there are several key factors that are driving change across the treasury aggregation landscape. Strategic Treasurer’s Treasury Aggregator Analyst Report outlines these key factors and provides other helpful information.

The latest Strategic Treasurer Analyst Report provides a glimpse into the current TMS space and outlines the primary benefits of a treasury management system. This latest report dives into how your peers are thinking...

The latest Strategic Treasurer Analyst Report provides a glimpse into the current TMS space and outlines the primary benefits of a treasury management system. This latest report dives into how your peers are thinking about treasury and risk management systems.

If you are bringing on a treasury and risk management solution or evaluating ways to eliminate payments fraud, or add security and compliance to your finance solutions, you'll want to download this report. IDC,...

If you are bringing on a treasury and risk management solution or evaluating ways to eliminate payments fraud, or add security and compliance to your finance solutions, you'll want to download this report. IDC, the premier global provider of market intelligence, issued its 2019-2020 TRMS vendor assessment, naming Kyriba as a Leader for the second consecutive market report.

Payments is a critical pain point for CIOs and CFO when migrating to SAP S/4Hana. Organizations are trying to build greater resilience to payments fraud and cybercrime while trying to unlock greater payments efficiencies.

Payments is a critical pain point for CIOs and CFO when migrating to SAP S/4Hana. Organizations are trying to build greater resilience to payments fraud and cybercrime while trying to unlock greater payments efficiencies.

With how technology innovation is always evolving, companies have to decide how APIs, data visualization, robotic process automation and artificial intelligence fit into the world of treasury and finance. For treasurers, there remains much...

With how technology innovation is always evolving, companies have to decide how APIs, data visualization, robotic process automation and artificial intelligence fit into the world of treasury and finance. For treasurers, there remains much confusion about what these new intelligent technologies truly offer for cash, payments and risk management, as well as the implications for the careers of treasury professionals.

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, executive 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, executive are looking to artificial intelligence and machine learning as a means for enhancing overall operations.

Ryerson, a leader in the metals services industry over 175 years, describes what they learned, and how they moved from excel-based spreadsheets to a customized Kyriba implementation. Ryerson took an original approach, whittling down...

Ryerson, a leader in the metals services industry over 175 years, describes what they learned, and how they moved from excel-based spreadsheets to a customized Kyriba implementation. Ryerson took an original approach, whittling down from 24 banks to 8 banks, and utilizing Kyriba.

Payments is a critical pain point for CIOs and CFO when migrating to Oracle Cloud. Organizations are trying to build greater resilience to payments fraud and cybercrime while trying to unlock greater payments efficiencies.

Payments is a critical pain point for CIOs and CFO when migrating to Oracle Cloud. Organizations are trying to build greater resilience to payments fraud and cybercrime while trying to unlock greater payments efficiencies.

Treasury & Risk's October Special Report covers the importance of FX automation, detailing the need, benefits and best practices of automating FX risk management.

Treasury & Risk's October Special Report covers the importance of FX automation, detailing the need, benefits and best practices of automating FX risk management.

CFOs are challenged to reduce the risk of payments fraud while increasing operational efficiencies to enable increased payments scalability and unlocking cost efficiencies. Payment hubs are increasingly implemented by CIOs and finance teams to...

CFOs are challenged to reduce the risk of payments fraud while increasing operational efficiencies to enable increased payments scalability and unlocking cost efficiencies. Payment hubs are increasingly implemented by CIOs and finance teams to centralize payments, standardize controls, and improve payments visibility – all while reducing internal and external costs. In this webinar, thought leaders from Deloitte and Kyriba will explore these topics.

Economic headwinds and surging market volatility have put CFOs into high alert. To remain successful, companies must invest in new tools and capabilities to spur growth, even as they tighten their belts. Download this...

Economic headwinds and surging market volatility have put CFOs into high alert. To remain successful, companies must invest in new tools and capabilities to spur growth, even as they tighten their belts. Download this new Hackett Group report to learn how a more strategic approach to managing enterprise-wide liquidity, enabled by cloud technology, can help.

The October 2019 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The October 2019 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The July 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q1 2019 earnings. The report serves as a key...

The July 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q1 2019 earnings. The report serves as a key benchmarking tool for global corporations.

Stronger economic headwinds and surging market volatility are putting CFOs into a state of alert. According to the experts at The Hackett Group and Kyriba, the answer lies in rethinking how corporate liquidity can...

Stronger economic headwinds and surging market volatility are putting CFOs into a state of alert. According to the experts at The Hackett Group and Kyriba, the answer lies in rethinking how corporate liquidity can be used to transform value and growth. Attend this webinar to learn how a new type of strategic liquidity management works.

In the past, building a case for adopting new technology has proven to be a huge obstacle for treasury and finance teams. However, with emerging technologies such as robotic process automation (RPA) and artificial...

In the past, building a case for adopting new technology has proven to be a huge obstacle for treasury and finance teams. However, with emerging technologies such as robotic process automation (RPA) and artificial intelligence (AI), more companies are seeing the value and impact that technology investments can have on treasury.

INTRODUCTION Corporate treasurers are aware that the personal computing systems used for handling administrative and repetitive tasks are quickly becoming unfit to deal with frequent market changes and to manage complex data transactions between...

INTRODUCTION Corporate treasurers are aware that the personal computing systems used for handling administrative and repetitive tasks are quickly becoming unfit to deal with frequent market changes and to manage complex data transactions between multiple parties and institutions. Therefore, corporate treasurers (especially in small and midsize enterprises [SMEs]) are replacing their basic personal accounting system with a more robust TMS and are in the process of learning how to select the right solution. It is not so infrequent that corporate treasury officers are put in front of myriad alternative solutions that only confound their selection process, as treasurers remain entangled in product demos and features-and-functions “fireworks” that make the short-listing decision harder. Aite Group is fully aware of this and proposes an evaluation approach that factors in all the key elements for a successful selection and, more important, an ongoing positive business relationship with the chosen vendor. This Aite Matrix evaluation report explores some of the key trends within the TMS market and discusses the ways in which technology is evolving to address new market needs and challenges. This report compares and contrasts the leading vendors’ offerings and strategies, and it highlights their primary strengths and challenges. In particular, it assesses each vendor’s readiness to offer product functionalities that Aite Group expects will become mainstream in the next two years. Finally, to help corporate executives make more informed decisions as they select new technology partners, this report recognizes specific vendors for their strengths in critical areas. METHODOLOGY Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this report evaluates the overall competitive position of each vendor, focusing on vendor stability, client strength, product features, and client services. The following criteria were applied to develop a list of vendors for participation: International presence Functional coverage for corporate treasuries, assessing the vendors’ capabilities to offer a portfolio beyond the “basic” functionalities of a TMS: cash and liquidity management, payments initiation, bank account management, and cash forecasting Focus on companies with annual revenue over US$500 million Participating vendors were required to complete a detailed product RFI composed of both qualitative and quantitative questions, conduct a minimum 60-minute product demo, and provide active client references. THE PLAYERS This section presents comparative data and profiles for the individual vendors that participated in the Aite Matrix evaluation. This is by no means an exhaustive list of vendors, and firms looking to undergo a vendor selection process should conduct initial due diligence prior to assembling a list of vendors appropriate for their own unique needs. Table A presents basic vendor information for the participating solutions. THE MARKET The following market trends are shaping the present and future of the TMS market (Table B). KEY STATISTICS This section provides information and analysis on key market statistics as well as projected IT spending related to the vendor market. ANNUAL REVENUE ESTIMATES ANALYSIS The market presence of TMS vendors is evenly distributed among various revenue tranches (Figure 1). The consolidation of the largest players has opened space for lower-tier vendors that have improved their international presence and enlarged the scope of their product portfolio. PROFITABILITY ANALYSIS Although TMS vendors still find some resistance to change by corporate treasurers who prefer to remain loyal to their proprietary electronic spreadsheet tables, the demand for robust treasury software applications is strong. TMS vendors that are capable of corresponding to purchasing requirements (i.e., features and service) of their corporate prospects enjoy healthy returns (Figure 2). GROWTH RATE ANALYSIS The positive results of vendor profitability are reflected in the breakdown of the assessed vendors’ growth (Figure 3). A consistent majority (63%) experienced a double-digit growth over 15%. Only a relative minority (12%) had limited—yet still positive—business success. The results were lower than expected in only one case. CLIENT BREAKDOWN BY TYPE An analysis of the distribution of number of clients among TMS vendors (Figure 4) suggests a form of correlation with the vendors’ business profitability (Figure 2); the more clients served (a client is a registered company—multiple installations at same registered company count as one), the higher the profitability. As soon as the client base diminishes, the profitability drops significantly, only to increase again when there are fewer than 100 clients. The explanation may reside in the fact that profitable clients are large or very large corporations with budgets that recognize the value of the software and services combination and are ready to pay for it. With such a group of clients, TMS vendors are ready to expand their sales campaigns and are confident of two important elements: They have a good set of client references to leverage, and the profitable returns can subsidize the costs for extended sales programs that conclude with an increase in the market share and new client acquisitions. As soon as the resources to invest diminish, however, the client base is reduced, and this may create a vicious circle. Only by focusing on a limited—yet more controllable—pool of clients, the TMS vendors can generate efficiencies and offer standardized solutions that allow them to see their returns increase again. AITE MATRIX EVALUATION This section will break down the individual Aite Matrix components, drawing out the vendors that are strong in each area and how they are differentiated in the market. THE AITE MATRIX COMPONENTS ANALYSIS Figure 5 overviews how each vendor scored in the various areas of importance. Each vendor is rated, in part, based on its own data provided when responding to the RFI distributed by Aite Group as well as on product demos and follow-up discussions as part of the Aite Matrix process. Ratings are also driven by the reference customers of the examined vendors to support a multidimensional rating. VENDOR STABILITY Kyriba leverages its long-lasting presence in the market and global geographical presence. It also has a robust workforce with significant treasury management experience. CLIENT STRENGTH All vendors serve clients in multiple geographies and in a diversity of industry segments. Kyriba, in particular, received high scores from client reference checks for vendor reputation. CLIENT SERVICE Kyriba stands out from the competition. This must not induce in error believing that the other vendors are not careful to their clients. They all offer global and localized support as a standard service with no additional fees. They also measure their performance by contractualizing service-level agreements. The elements that differentiate Kyriba are relative to client reference feedback for service and support, as well as the low implementation costs relative to its pure Software-as-a-Service (SaaS) offering. PRODUCT FEATURES All analyzed vendors deliver fundamental treasury management features of cash and liquidity management, cash forecasting, risk management, payments, investments, funds trading, and debt and equity deal management. The analysis for this report has gone deeper in assessing the vendors’ capabilities to deliver product features closer to the needs of the evolving role of the corporate treasurer: artificial intelligence (AI)-based application that suggests course of action based on the standards being followed in the country of reference, alerts from supply chain events that impact treasury operations (e.g., large purchase order will require funding, delivery delay to client requires cash inflows rescheduling, peak in production requires liquidity to pay extra working hours and temporary staff), and direct integration with major supply chain finance (SCF) platforms via APIs. The above are the specific features that Kyriba displays alongside an already robust TMS applications portfolio. THE AITE MATRIX RECOGNITION To recap, the final results of the Aite Matrix recognition are driven by three major factors: Vendor-provided information based on Aite Group’s detailed Aite Matrix RFI document Participating vendors’ client reference feedback and/or feedback sourced independently by Aite Group Analysis based on market knowledge and product demos provided by participating vendors Figure 6 represents the final Aite Matrix evaluation. BEST-IN-CLASS VENDOR: KYRIBA Kyriba emerges as the clear winner among the examined contenders. Aite group appreciates the vendor’s extended product footprint to cover a large portion of a treasurers’ daily routine operations—namely, supply chain, trade finance, and bank account operations management from the corporate ERP or TMS. Kyriba excelled in the following: Vendor strength: Kyriba has a clear vision of corporate treasury’s needs and expectations. Its out-of-the-box thinking led the vendor to anticipate the benefits of integrating a supply chain finance engine as part of its core product’s stack. Its attention to leveraging APIs to create ERP and bank plug-ins is a further testament of this continuous attention. Product performance: Of particular relevance are cash forecasting tools, bank connectivity interfaces, and ease of use and implementation due to its native SaaS construct. BEST IN CLASS: KYRIBA Kyriba began operations in France in 2000 as a spin-off from Sage XRT (now part of Aritmos). The headquarters was relocated to the U.S. in 2004. Private equity firm Bridgepoint Capital became a majority shareholder in April 2019 and added a US$160 million growth investment to help Kyriba continue its product innovation and growth strategy. Kyriba delivers an in-house-developed pure SaaS finance software platform with integrated bank connectivity. Through its fully virtualized, multitenant treasury cloud, Kyriba offers a suite of solutions for corporate treasury and finance: treasury, payments, risk management, and working capital. The SaaS nature of the solution allows the firm to keep implementation time typically between six and nine months. Smaller, less complex projects can be rolled out in weeks. Kyriba is a SWIFT-certified application for cash management and an authorized reseller of SWIFT Alliance Lite2 for business applications. Kyriba’s SWIFT Service Bureau offers clients their own SWIFT BIC, fully managed by Kyriba, alongside an outsourced MT Concentrator model that allows organizations to utilize a SWIFT BIC specifically provisioned for Kyriba clients, instead of becoming a SWIFT member. The bank or corporate subsidiary data is consolidated, normalized, and integrated into a portal that provides liquidity dashboards, cash flow forecasting, daily cash positioning, and zero-balance account structure, as well as intercompany loan balance and transaction data, FX capture, tracking, and revaluation. After the injection of fresh funds from Bridgepoint Capital, Kyriba is focused on product development and continued customer support while expanding its partnership ecosystem. While the full list of implementation partners cannot be disclosed, the vendor employs an extensive partner program spread across regions, ranging from large partners such as Accenture to smaller domestic treasury-specific associates. Kyriba’s SaaS cloud-based solutions automate an “on-demand” collection of data from multiple banks and company subsidiaries, leveraging connectivity channels for both treasury and ERP that reach over 100 international banks with a prebuilt inventory of bank formats. Kyriba supports over 125 payment formats with over 45,000 different payment scenarios (e.g., by type, geography, bank). Relevant attention and investment are dedicated to APIs. The API integration builds upon Kyriba’s leading connectivity options, considering that recently published figures tell that the vendor processes more than 83 million bank transactions, 30 million payments, and 530 million ERP transactions on behalf of its clients each month through its global connectivity hub. Kyriba’s main target is to be recognized as the treasury management and payments hub solution provider that offers real-time payments to its bank partners’ corporate customers. In February 2019, Kyriba announced an API-based integration with Citi.1 Later in May, it announced a real-time payments feature using JP Morgan’s API that will enable joint Kyriba and JP Morgan clients to send real-time corporate payments in the U.S. through The Clearing House’s RTP network.2 Commenting on how the competitive environment will evolve over the next two years, Kyriba representatives believe that there is a possibility for further consolidation, as some competitors are challenged financially. It is unlikely that more competition will emerge, as recent entrants have struggled. As new technologies such as RPA and AI become mainstay requirements for treasury, the vendor expects a divergence between platforms that can evolve their technology and those that cannot. Another variable is the broadening of treasury responsibilities into areas such as risk management and procure to pay. Competitors that cannot extend their functionality to meet these additional requirements will find themselves uncompetitive. Kyriba is predicting growth across all sizes of organizations, including smaller midmarket businesses, with the Americas and the Asia-Pacific representing the highest growth markets. AITE GROUP’S TAKE Kyriba’s strong tradition of long-term partnerships and its one platform that blends typical treasury and risk management functionalities, with additional features for payments and working capital optimization, create unique selling points that set a benchmark in the TMS market. Reference clients told Aite Group that the deciding factors to select Kyriba were the vendor’s company viability, its history of long-term well-established partnerships, the richness of treasury functionalities, and Kyriba’s value engineering support during the final evaluation process that provided the corporate decision-makers with the right elements to build the business case. An element that still creates a barrier to further adoption by prospective clients is the price of the TMS that may discourage companies with smaller treasury budgets than those traditionally served by Kyriba. Other business challenges are represented by the continuous demand from corporate treasurers to have immediate TMS solutions to manage unexpected FX volatility, adapt to innovative cash optimization techniques (e.g., dynamic discounting, real-time invoice discounting), and apply data intelligence algorithms to unstructured data sources (e.g., website transactions, social media data flows). Aite Group finds that Kyriba is well poised to exert and maintain competitive leadership by further investing monetary and intellectual resources to leverage the top technology trends that impact its corporate clients’ business: APIs, open banking, data visualization, real-time data analysis, RPA, and AI. BASIC FIRM AND PRODUCT INFORMATION Headquarters: San Diego, California Founded: 2000 Number of employees: 700 Key financial information: Annual revenue US$110 million (estimated 2018) Key products and services: Kyriba (with modules that can be sold separately: Treasury, Payments, Risk Management, and Working Capital) Target customer base: Large and midsize corporations Number of clients: 2,000 Average client tenure: 10 years Global footprint: Global Implementation options: Pure SaaS Pricing structure: Based on module use, complexity, and number of users KEY FEATURES AND FUNCTIONALITY BASED ON PRODUCT DEMO AI-based application that pops up relevant KPIs based on business event triggers (e.g., bank change of price conditions, change in insurance premium) Cost accounting structure for treasury managed costs (e.g., staff, bank accounts, commissions) Alerts from supply chain events that impact treasury operations Alerts relative to political events in countries in which the client company does business—these alerts pop up any time the treasury office is executing operations related to that country What-if scenario planning triggered by financial event Integrate directly with major SCF platforms (e.g., Premium technology, Taulia, C2FO) via APIs TOP THREE STRATEGIC PRODUCT INITIATIVES OVER LAST THREE YEARS Real-time fraud detection for treasury and supplier payments End-to-end risk management from exposure identification and analysis to hedge accounting and compliance Data warehousing, business intelligence, and data visualization TOP THREE STRATEGIC PRODUCT INITIATIVES IN THE NEXT 12 TO 18 MONTHS Standardize API development across the entire banking and ERP community Further introduction of AI and machine learning throughout the platform Working capital management and analysis CLIENT FEEDBACK Interviewed clients appreciate Kyriba's commitment to security and risk prevention. By improving efficiency and automation with the TMS, clients recognize they have made substantial time and resource savings. TMS-enabled cash pools and in-house banks have enabled corporate treasury departments to reduce bank charges, lower borrowing costs, and achieve tax efficiencies. Clients like Kyriba’s SaaS architecture, as it gives them access to a mission-critical platform from any location, without any hardware investment and without the headache of upgrades. Alongside the cloud-based structure, corporate users enjoy more basic, yet important for the daily routine, gained efficiencies of their cash operations. The TMS provides the tools to forecast cash more accurately and effectively, especially when accompanied by efficient implementation and support teams. Totally cloud-based software may be seen by customers in different ways. Large multinational treasury departments prefer a standardized set of modules that do not require (nor are designed for) customization. Smaller firm clients may expect the possibility to change the software features to adapt to their preferences. Over time, though, these users appreciate the opportunity to use software modules continuously adapted and upgraded based on the input of thousands of users that run the same software. The requests to change and adapt the software to every specific requirement significantly diminish, although some form of parametrization (i.e., configuration) is expected for functionalities that have natively high levels of personalization, such as FX exposure management, business intelligence, data visualization, and connectivity APIs. Table C displays the vendor’s strengths and challenges. CONCLUSION Buyers: Evaluate the overall competitive position of each TMS vendor by focusing on multiple selection criteria: vendor stability, client strength, product features, and client services. Don’t ask for continual customizations; rather, rely on the vendor’s acquired experience of working with numerous corporate clients and leverage the offered solutions that bear the fruits of industry best practices and techniques. Look for TMS vendors that don’t require a total transformation of your treasury operations but that allow for a smooth transition that blends your current information systems with the newly introduced treasury software. ABOUT AITE GROUP Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn. AUTHOR INFORMATION Enrico Camerinelli +39.039.21.00.137 [email protected] CONTACT For more information on research and consulting services, please contact: Aite Group Sales +1.617.338.6050 [email protected] For all press and conference inquiries, please contact: Aite Group PR +1.617.398.5048 [email protected] For all other inquiries, please contact: [email protected] 1. “Kyriba Unveils API Integration With Citi,” Finextra, February 26, 2019, accessed July 18, 2019, https://www.finextra.com/pressarticle/77412/kyriba-unveils-api-integration-with-citi.2. David Heun, “JPMorgan, Kyriba Turn to Open Development for Real-Time Corporate Payments,” Kyriba, May 23, 2019, accessed July 24, 2019, https://www.kyriba.com/company/media-coverage/jpmorgan-kyriba-turn-open-development-real-time-corporate-payments.

The landscape of global payments is evolving as concerns of fraud and the desire for more efficient processes increase. To give insight into how treasury organizations are thinking about the future of payments, Kyriba...

The landscape of global payments is evolving as concerns of fraud and the desire for more efficient processes increase. To give insight into how treasury organizations are thinking about the future of payments, Kyriba commissioned Strategic Treasurer to survey more than 300 organizations to gain a more comprehensive view of the global payments environment.

Receive an overview of the Kyriba solution from our treasury experts and be guided through a range of topics, including what to look for in a treasury management platform, key benefits and differences of...

Receive an overview of the Kyriba solution from our treasury experts and be guided through a range of topics, including what to look for in a treasury management platform, key benefits and differences of installed/SaaS solutions, and how over 1,800 organizations globally leverage Kyriba to manage their most critical asset.

As the trade war continues to deepen and a hard Brexit looms, geopolitical uncertainty is shaking up the currency market. The resulting FX volatility and currency movements are negatively impacting the earnings of many...

As the trade war continues to deepen and a hard Brexit looms, geopolitical uncertainty is shaking up the currency market. The resulting FX volatility and currency movements are negatively impacting the earnings of many multinational companies. Join us as our FX experts outline how you can gain a better understanding of how currencies are impacting your financial results and how you can avoid potential impacts to EPS and EBITDA.

In this webinar, Trek Bicycle and Actualize Consulting discuss in detail, the selection, planning, and implementation of Kyriba. The panel reflects how Trek’s treasury functioned prior to implementing a treasury management solution, the framework...

In this webinar, Trek Bicycle and Actualize Consulting discuss in detail, the selection, planning, and implementation of Kyriba. The panel reflects how Trek’s treasury functioned prior to implementing a treasury management solution, the framework adopted, the planning phase, and the project realization, step-by-step, from design to go live. The speakers discuss how Trek and Actualize were able work together to tailor the Kyriba system to improve payment controls and quality of work.

In this webinar, Craig Jeffery of Strategic Treasurer and Bob Stark of Kyriba discuss results from the 2019 Global Payments Survey and share how organizations are addressing new challenges and opportunities. Tune in to...

In this webinar, Craig Jeffery of Strategic Treasurer and Bob Stark of Kyriba discuss results from the 2019 Global Payments Survey and share how organizations are addressing new challenges and opportunities. Tune in to hear key findings from this year’s research, created to show the drivers, attitudes, and perceptions of various new, faster payment initiatives across the globe.

In this demo webinar, Kyriba discusses the different strategies for identifying, capturing, and managing FX exposures associated with future cash flows, along with a review of the FiREapps Cash Flow product platform.

In this demo webinar, Kyriba discusses the different strategies for identifying, capturing, and managing FX exposures associated with future cash flows, along with a review of the FiREapps Cash Flow product platform.

A treasury management system is one of the most important tools available to today’s treasury professionals. As more organizations adopt treasury systems, there is a greater need to increase usage and deliver greater value....

A treasury management system is one of the most important tools available to today’s treasury professionals. As more organizations adopt treasury systems, there is a greater need to increase usage and deliver greater value. In this webinar, our expert panel including David Deranek from Health Care Service Corporation and Ashwin Ramji from World Vision International discuss how to make the most of their TMS, including:

Treasurers and finance leaders continue to grapple with inadequate and misaligned resources to help them unlock value at their organization. While the CFO is looking to propel growth and reach new financial goals for...

Treasurers and finance leaders continue to grapple with inadequate and misaligned resources to help them unlock value at their organization. While the CFO is looking to propel growth and reach new financial goals for the company, treasurers are in transition. They are recording and monitoring data in silos, limiting their ability to provide real-time insights to better support organizational objectives. In some cases, treasury does not even have a seat at the CFO’s table, and is, therefore, not able to act as a trusted growth partner.

The Treasury Management Technology space is one of the unexpected, but most dramatic, changes in the last decade, empowering CFOs and treasury/finance professionals to strategically support organizational growth & efficiencies. Kyriba & Actualize Consulting...

The Treasury Management Technology space is one of the unexpected, but most dramatic, changes in the last decade, empowering CFOs and treasury/finance professionals to strategically support organizational growth & efficiencies. Kyriba & Actualize Consulting collaborated to create a webinar trilogy, featuring highly experienced professionals in the TMS space, to help you to design your TMS, implement your TMS, and/or successfully migrate off a legacy TMS.

In this demo webinar, Kyriba discusses the different strategies for identifying, capturing, and managing exposures, along with a review of the FiREapps product platform.

In this demo webinar, Kyriba discusses the different strategies for identifying, capturing, and managing exposures, along with a review of the FiREapps product platform.

Companies around the globe generally deal in two opposing cash positions - a cash deficit or cash surplus. And in today’s hyper-competitive world, it is more important than ever for companies to grow capital...

Companies around the globe generally deal in two opposing cash positions - a cash deficit or cash surplus. And in today’s hyper-competitive world, it is more important than ever for companies to grow capital or address a surplus of cash in a way that is scalable with their business.

Technology used to power treasury and finance teams is only as good as the reporting and analytics it can provide. Now is the time to see what Kyriba can do to put the power...

Technology used to power treasury and finance teams is only as good as the reporting and analytics it can provide. Now is the time to see what Kyriba can do to put the power of business intelligence analytics in your hands.

During this session, we will cover how Kyriba clients are able to successfully manage multi-currency drawdowns, facility fees syndication, as well as reporting.

During this session, we will cover how Kyriba clients are able to successfully manage multi-currency drawdowns, facility fees syndication, as well as reporting.

With the acquisition of FiREapps, Kyriba has extended the reach of its FX risk management solution so that treasury can properly understand and manage currency risk. In this webinar, Kyriba presents why we acquired...

With the acquisition of FiREapps, Kyriba has extended the reach of its FX risk management solution so that treasury can properly understand and manage currency risk. In this webinar, Kyriba presents why we acquired FiREapps and what the FiREapps solution offers to improve the effectiveness and reduce the cost of FX risk management.

The May 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q4 2018 earnings. The report serves as a key...

The May 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q4 2018 earnings. The report serves as a key benchmarking tool for global corporations.

With over 150 practitioners surveyed, the Strategic Treasurer 2019 Supply Chain Finance Survey discusses and tackles the unique factors that are ultimately influencing the evolution of the SCF space, both from a provider and...

With over 150 practitioners surveyed, the Strategic Treasurer 2019 Supply Chain Finance Survey discusses and tackles the unique factors that are ultimately influencing the evolution of the SCF space, both from a provider and user standpoint.

Listen to the discussion between Strategic Treasurer & Kyriba on the key findings from our 2019 Supply Chain Finance Survey. The data is presented from the standpoint of numerous parties within the supply chain.

Listen to the discussion between Strategic Treasurer & Kyriba on the key findings from our 2019 Supply Chain Finance Survey. The data is presented from the standpoint of numerous parties within the supply chain.

The ever-shifting regulatory landscape and growing geopolitical uncertainty have forced companies to look inward more than ever to fund business growth. The treasurer must take the lead in finding and mobilizing internal sources of...

The ever-shifting regulatory landscape and growing geopolitical uncertainty have forced companies to look inward more than ever to fund business growth. The treasurer must take the lead in finding and mobilizing internal sources of funding. However, treasurers, especially those in multinational companies, often run into the problem of “trapped” liquidity.

Over the past decade, treasury teams have been relied upon more and more as strategic partners to the business, delivering insight and intelligence to drive greater value. This has driven demand for more sophisticated...

Over the past decade, treasury teams have been relied upon more and more as strategic partners to the business, delivering insight and intelligence to drive greater value. This has driven demand for more sophisticated treasury technology that offers a greater ROI than ever seen before.

Learn how Kyriba can help you streamline and control the cash accounting cycle by utilizing robust, specific mapping rules to automate the creation of accounting entries for bank transactions and more.

Learn how Kyriba can help you streamline and control the cash accounting cycle by utilizing robust, specific mapping rules to automate the creation of accounting entries for bank transactions and more.

In this ebook, How CFOs Can Mitigate the Risk of Payments Fraud, The Hackett Group discusses and addresses the best practices to alleviate the potential impact that fraud could have to their bottom-line and...

In this ebook, How CFOs Can Mitigate the Risk of Payments Fraud, The Hackett Group discusses and addresses the best practices to alleviate the potential impact that fraud could have to their bottom-line and investor confidence...

In this webinar, we explored the key considerations for migrating off a legacy TMS and provided a proven approach to successfully transitioning to the new system. Treasury departments currently leveraging an existing TMS have...

In this webinar, we explored the key considerations for migrating off a legacy TMS and provided a proven approach to successfully transitioning to the new system. Treasury departments currently leveraging an existing TMS have a different knowledge set and technology experience to those transitioning from Excel. As such there are a unique set of factors to consider when evaluating migrating to a new platform.

In this webinar, we will discuss the importance of leveraging a proof of concept approach early in the project to help minimize project risk and potential rework. A proof of concept approach leverages a...

In this webinar, we will discuss the importance of leveraging a proof of concept approach early in the project to help minimize project risk and potential rework. A proof of concept approach leverages a subset of actual data to validate the design at the outset of the project while there is still time to course correct and ensure a robust design meeting your key requirements is in place.

Improving working capital efficiency offers a tremendous opportunity for CFOs, Treasurers and Procurement teams to improve cash flow, growth and shareholder returns. In this session, Capgenta’s Bob Kramer and Kyriba’s Shruti Gupta discuss how...

Improving working capital efficiency offers a tremendous opportunity for CFOs, Treasurers and Procurement teams to improve cash flow, growth and shareholder returns. In this session, Capgenta’s Bob Kramer and Kyriba’s Shruti Gupta discuss how working capital solutions achieve these lofty goals and how the benefits can be sustained. The discussion takes a closer look at how companies successfully implement one of the most popular working capital solutions, Supply Chain Finance, and concludes with an examination of Kyriba’s Supply Chain Finance solution, including a brief demonstration.

Now is the time to streamline and simplify your bank account management workflows. In this session, you learn how to manage compliance issues like FBAR, and monitor account management fees and expenses.

Now is the time to streamline and simplify your bank account management workflows. In this session, you learn how to manage compliance issues like FBAR, and monitor account management fees and expenses.

Most organizations under-hedge their currency exposures, largely driven by a lack of information transparency and tools to effectively measure the success of a hedging program. In this session, Kyriba reviewed the required workflows for...

Most organizations under-hedge their currency exposures, largely driven by a lack of information transparency and tools to effectively measure the success of a hedging program. In this session, Kyriba reviewed the required workflows for exposure management, trade execution, post-trade mark-to-market, and accounting compliance.

There are likely many things keeping CFOs up at night, but it’s a good bet that global payments security and efficiency rank high on their list. In this report, senior financial leaders break down...

There are likely many things keeping CFOs up at night, but it’s a good bet that global payments security and efficiency rank high on their list. In this report, senior financial leaders break down their challenges and concerns, and discuss best practices for improving global payments.

Technology is evolving at a rapid pace, to the point that innovations are starting to help treasury teams become more intelligent, deliver greater analysis, and offer a truly digital and automated experience.

Technology is evolving at a rapid pace, to the point that innovations are starting to help treasury teams become more intelligent, deliver greater analysis, and offer a truly digital and automated experience.

Connectivity is key to information transparency. Without bank connectivity, treasury teams act with imperfect cash visibility. With the movement to the cloud and mobile technology, connectivity is simplified and within reach of every organization,...

Connectivity is key to information transparency. Without bank connectivity, treasury teams act with imperfect cash visibility. With the movement to the cloud and mobile technology, connectivity is simplified and within reach of every organization, anywhere in the world.

Supply Chain Finance Analyst Report focuses on understanding how SCF can maximize efficiency and optimize cash resources by examining the leading strategies and technologies employed by companies today.

Supply Chain Finance Analyst Report focuses on understanding how SCF can maximize efficiency and optimize cash resources by examining the leading strategies and technologies employed by companies today.

The Treasury and Risk Management Systems (“TMS”) Analyst Report offers a thorough evaluation of the TMS space by providing the data behind which areas of functionality corporates are planning to invest in, the types...

The Treasury and Risk Management Systems (“TMS”) Analyst Report offers a thorough evaluation of the TMS space by providing the data behind which areas of functionality corporates are planning to invest in, the types of solutions seeing the most traction, and an explanation of the primary benefits derived through the use of such a solution.

The Treasury Aggregator Analyst Report focuses on the financial technology solutions that provide sophisticated bank connectivity, payments, security, compliance, and cash management functionality to corporations.

The Treasury Aggregator Analyst Report focuses on the financial technology solutions that provide sophisticated bank connectivity, payments, security, compliance, and cash management functionality to corporations.

Faced with volatile market conditions and new disruptive business models, today’s CFOs are facing mountain pressure to improve the financial performance of their organizations in any way they can. With the help of new...

Faced with volatile market conditions and new disruptive business models, today’s CFOs are facing mountain pressure to improve the financial performance of their organizations in any way they can. With the help of new cloud technologies and best practices, savvy senior financial executives are embracing this new role of “Chief Growth Officer” and seeing dramatic results to the bottom line.

CFOs are facing a number of difficult challenges in today’s increasingly interconnected global economy. CFO Publishing, an Argyle company, asked more than 150+ senior finance leaders in a comprehensive new survey their greatest needs...

CFOs are facing a number of difficult challenges in today’s increasingly interconnected global economy. CFO Publishing, an Argyle company, asked more than 150+ senior finance leaders in a comprehensive new survey their greatest needs from their treasurers in a comprehensive new survey. Their responses were surprising and insightful.

Everything we do is in the cloud, and treasury technology is no exception. Yet with looming threats such as fraud and cybercrime, CFOs and Treasurers have questions about how their data and cash can...

Everything we do is in the cloud, and treasury technology is no exception. Yet with looming threats such as fraud and cybercrime, CFOs and Treasurers have questions about how their data and cash can be safe in the cloud.

This new e-book is designed to provide a quick, graphical overview into how payment hubs can help increase efficiency, reduce costs and enhance fraud prevention.

This new e-book is designed to provide a quick, graphical overview into how payment hubs can help increase efficiency, reduce costs and enhance fraud prevention.

In this special report from Treasury & Risk, underwritten by Kyriba, security experts give their take on how to stay vigilant in the face of potential attacks, so that a fraudulent payment never occurs.

In this special report from Treasury & Risk, underwritten by Kyriba, security experts give their take on how to stay vigilant in the face of potential attacks, so that a fraudulent payment never occurs.

How can today’s CFOs accelerate growth in the face of an increasingly volatile global business environment? According to The Hackett Group, the answer lies in treasury management technology.

How can today’s CFOs accelerate growth in the face of an increasingly volatile global business environment? According to The Hackett Group, the answer lies in treasury management technology.

In this webinar, AFP's Andrew Deichler elaborates on their newest AFP Treasury in Practice "TIP" Guide that was designed to assist their membership in selecting the right treasury management system (TMS). He joins Kyriba's...

In this webinar, AFP's Andrew Deichler elaborates on their newest AFP Treasury in Practice "TIP" Guide that was designed to assist their membership in selecting the right treasury management system (TMS). He joins Kyriba's Bob Stark to talk about how he determined these best practices and what experiences he gained by talking with experts in treasury systems.

The payment, as we know it, is changing. With new features including real-time payments, cryptocurrencies, payment trackers, and peer-to-peer payment networks being offered to corporates, there are new decisions to be made by CFOs...

The payment, as we know it, is changing. With new features including real-time payments, cryptocurrencies, payment trackers, and peer-to-peer payment networks being offered to corporates, there are new decisions to be made by CFOs and treasury teams on the best ways to reduce costs, increase value, and prevent the growing threat of payments fraud.

Treasury management systems (TMS) promise increased productivity, visibility, and controls across the entire treasury operation. However, in order to deliver promised value, treasury technology must be well implemented. Poor implementation means inefficient use of...

Treasury management systems (TMS) promise increased productivity, visibility, and controls across the entire treasury operation. However, in order to deliver promised value, treasury technology must be well implemented. Poor implementation means inefficient use of resources and it also likely means that the system will not provide the desired benefits.

Why are 10 CFOs ‘sounding off’ about treasury? Because they feel passionate about the direct and immediate value that that treasury can deliver when properly activated via cloud-based technology.

Why are 10 CFOs ‘sounding off’ about treasury? Because they feel passionate about the direct and immediate value that that treasury can deliver when properly activated via cloud-based technology.

Whether it’s improving global cash visibility, managing FX risk or protecting against fraud, more and more companies are seeing the benefits of treasury management systems. However, in their rush to deploy a TMS, they...

Whether it’s improving global cash visibility, managing FX risk or protecting against fraud, more and more companies are seeing the benefits of treasury management systems. However, in their rush to deploy a TMS, they often overlook proper implementation practices, vastly underestimating the challenges and complexity. This results in their TMS project falling short of what they expected due to running out of time, going over budget, or simply getting overwhelmed.

Playback the recording of the webinar presented by Accenture and Kyriba experts on how your organization can benefit from having robust tools, and explore proven liquidity strategies, recent technology advancements and tax / treasury...

Playback the recording of the webinar presented by Accenture and Kyriba experts on how your organization can benefit from having robust tools, and explore proven liquidity strategies, recent technology advancements and tax / treasury collaborative initiatives that can help optimize global cash in an ever-changing complex environment.

Supply Chain Finance has emerged as the top strategy to improve working capital as it offers early payments to suppliers, and term extension and/or increased cash returns for treasury and finance teams. In this...

Supply Chain Finance has emerged as the top strategy to improve working capital as it offers early payments to suppliers, and term extension and/or increased cash returns for treasury and finance teams. In this overview webinar, Kyriba will show how Supplier Financing programs work and how Kyriba's cloud platform supports both buyers and suppliers to reduce risk and improve working capital in the supply chain.

Global Business Intelligence (GBI), a global research and advisory firm, conducted more than 30 interviews with corporate treasurers who have implemented various early pay programs or are thinking about implementing various programs to provide...

Global Business Intelligence (GBI), a global research and advisory firm, conducted more than 30 interviews with corporate treasurers who have implemented various early pay programs or are thinking about implementing various programs to provide deeper content than press release-type information. This corporate guide is designed to help finance, procurement, treasury and supply chain professionals evaluate the latest trends, issues and perspectives that are impacting buyer-led early pay techniques.

Are you and your team providing the right information and decision support to your board of directors? According to recent findings from a new CFO Research survey, most CFOs are not. This is why...

Are you and your team providing the right information and decision support to your board of directors? According to recent findings from a new CFO Research survey, most CFOs are not. This is why we conducted an online roundtable discussion with three experts -- John Granato, CFO of The Andersons, Inc.; Roxi Wen, CFO of Elo Touch; and Bob Stark, VP of Strategy at Kyriba -- to discuss the critical areas where CFOs need to deliver better information and decision support to the board and CEO.

The importance of an accurate, reliable cash forecast has increased in the past 18 months as a result of tax reform and investor scrutiny of cash balances. With interest rates continuing to drive upwards,...

The importance of an accurate, reliable cash forecast has increased in the past 18 months as a result of tax reform and investor scrutiny of cash balances. With interest rates continuing to drive upwards, the cost of not getting your forecast right is higher than ever. In this webinar, Accenture and Kyriba discussed the renewed importance of cash forecasting in 2018, the ROI of perfecting a cash forecast, and key strategies to build and measure an accurate forecast.

Who are the biggest players in treasury and risk management, and how are cloud-based solutions driving transformation? IDC, one of the largest technology analyst firms in the world, tackles these questions and more in...

Who are the biggest players in treasury and risk management, and how are cloud-based solutions driving transformation? IDC, one of the largest technology analyst firms in the world, tackles these questions and more in its new MarketScape report: “Worldwide SaaS and Cloud-Enabled Treasury and Risk Management Applications 2017–2018 Vendor Assessment.”

Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced it has been named as a “Leader” in the IDC MarketScape Worldwide SaaS and Cloud-Enabled Treasury and Risk Management Applications...

Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced it has been named as a “Leader” in the IDC MarketScape Worldwide SaaS and Cloud-Enabled Treasury and Risk Management Applications 2017–2018 Vendor Assessment.

What are the latest trends in treasury, how do you know if you need a treasury management solution (TMS), and what are the common pitfalls to avoid when selecting and implementing a TMS?

What are the latest trends in treasury, how do you know if you need a treasury management solution (TMS), and what are the common pitfalls to avoid when selecting and implementing a TMS?

Strategic Treasurer’s Strategic Treasurer’s newest analyst report for 2017, “The Definitive Guide to Treasury Aggregation Technology Solutions,” details everything financial leaders need to know about treasury aggregators and how they simplify bank connectivity for...

Strategic Treasurer’s Strategic Treasurer’s newest analyst report for 2017, “The Definitive Guide to Treasury Aggregation Technology Solutions,” details everything financial leaders need to know about treasury aggregators and how they simplify bank connectivity for modern treasurers.

Every CFO wants to be a better strategic business partner to the board of directors and the CEO. In many cases they are, but in certain areas, they are failing to deliver what the...

Every CFO wants to be a better strategic business partner to the board of directors and the CEO. In many cases they are, but in certain areas, they are failing to deliver what the board really wants, according to a new survey from CFO Research in collaboration with Kyriba.

For CFOs charged with safe-guarding corporate coffers, there is no silver bullet that can stop payments fraud in its tracks. Managing and minimizing the problem is a holistic, pro-active effort that combines best practices...

For CFOs charged with safe-guarding corporate coffers, there is no silver bullet that can stop payments fraud in its tracks. Managing and minimizing the problem is a holistic, pro-active effort that combines best practices with real-time detection and monitoring technology.

While many treasurers hope they are well prepared to prevent fraud from occurring, every successful fraud attempt exposes weak controls and detection methods that serve as a learning opportunity for others. This guide offers...

While many treasurers hope they are well prepared to prevent fraud from occurring, every successful fraud attempt exposes weak controls and detection methods that serve as a learning opportunity for others. This guide offers excellent insight into the magnitude of fraud threats, ranging from internal collaborative attempts to external hacks and ransomware schemes.

Corporate fraud is at an all-time high -- is your organization protected? One of the mandates of the modern CFO is to make sure they have secure, end-to-end financial controls in place to prevent...

Corporate fraud is at an all-time high -- is your organization protected? One of the mandates of the modern CFO is to make sure they have secure, end-to-end financial controls in place to prevent both internal and external fraud and protect against loss.

10 years ago, supply chain financing was considered a niche offering by many firms. Today, any organization serious about their working capital should be looking into the adoption of a supply chain finance program.

10 years ago, supply chain financing was considered a niche offering by many firms. Today, any organization serious about their working capital should be looking into the adoption of a supply chain finance program.

Given the multitude of new government regulations affecting corporate treasury, treasurers are facing an uphill battle to keep pace with regulatory compliance never mind optimize financial performance within these regulatory frameworks. Regulations such as...

Given the multitude of new government regulations affecting corporate treasury, treasurers are facing an uphill battle to keep pace with regulatory compliance never mind optimize financial performance within these regulatory frameworks. Regulations such as Section 385, FBAR, and updated hedge accounting standards are only the tip of the iceberg for treasury teams to manage.

The FinTech revolution is upon us and emerging technologies are already having an impact on corporate treasury and treasury technology. See how AFP's latest Treasury in Practice (TIP) guide highlights the treasury potential of...

The FinTech revolution is upon us and emerging technologies are already having an impact on corporate treasury and treasury technology. See how AFP's latest Treasury in Practice (TIP) guide highlights the treasury potential of distributed ledger technology, machine learning, APIs. (FP TiP Guide underwritten by Kyriba)

Supply chain finance (SCF) is becoming an increasingly popular topic among treasurers and CFO as working capital and risk management take on greater importance for modern firms. Donload this new report from Strategic Treasurer...

Supply chain finance (SCF) is becoming an increasingly popular topic among treasurers and CFO as working capital and risk management take on greater importance for modern firms. Donload this new report from Strategic Treasurer to learn more about the current state of the industry.

Accurate cash forecasting is the lifeblood of any treasury department. All financial decisions, from near-term liquidity to strategic planning, are based on forecasts. However, treasurers continue to struggle creating timely and relevant forecast. Download...

Accurate cash forecasting is the lifeblood of any treasury department. All financial decisions, from near-term liquidity to strategic planning, are based on forecasts. However, treasurers continue to struggle creating timely and relevant forecast. Download this new guide from Treasury Strategies.

In this eBook, Actualize Consulting and Kyriba address the many strategic advantages that an in-house bank provides, the key benefits that range from bank fee savings to increased visibility of corporate-wide FX exposures and...

In this eBook, Actualize Consulting and Kyriba address the many strategic advantages that an in-house bank provides, the key benefits that range from bank fee savings to increased visibility of corporate-wide FX exposures and enhanced controls, as well as the must-dos and dont's for a successful in-house bank launch. Considering if an in-house bank is right for your organization? This eBook is right for you!

The modern treasurer now manages an expanded risk profile with increasingly technical compliance challenges and increasingly sophisticated instances of cyber-crime. Meanwhile, strategic cash management, optimizing working capital and centralizing payments among others remain top...

The modern treasurer now manages an expanded risk profile with increasingly technical compliance challenges and increasingly sophisticated instances of cyber-crime. Meanwhile, strategic cash management, optimizing working capital and centralizing payments among others remain top priorities. Download this eBook to gain insight into seven competitive advantages and the the available tools, techniques and technology you can utilize to overcome those challenges.

In-house banking (IHB) programs are growing in popularity as a means to more easily move funds and reduce exposures.

In-house banking (IHB) programs are growing in popularity as a means to more easily move funds and reduce exposures.

Cash flow forecasting is a critical facet of every treasurer’s role, but remains an area where there is often considerable room for improvement. Hear from the experts how you can make your forecast more...

Cash flow forecasting is a critical facet of every treasurer’s role, but remains an area where there is often considerable room for improvement. Hear from the experts how you can make your forecast more accurate, and what benefits a strong forecast can provide your organization.

Knowing what to expect is key to any successful implementation. At Kyriba, we’ve created the best-in-class team and implementation framework – enabling you to transition smoothly to your new system, with less stress and...

Knowing what to expect is key to any successful implementation. At Kyriba, we’ve created the best-in-class team and implementation framework – enabling you to transition smoothly to your new system, with less stress and more efficiency. In this guide, you'll find the keys to quick and seamless implementation, including our certified team Predictable methodology Support after Go-Live. Kyriba is committed to providing an experience that ensures the ongoing success of each and every customer. From well-defined milestones, a clear roadmap, to post-implementation support, this e-book describes how our approach can make your implementation experience as smooth and efficient as possible.

Securing bank connectivity has never been more important as reported fraud attempts focused on infiltrating payment workflows and stealing banking information are on the rise. Thankfully, in the case of bank connectivity, implementing better...

Securing bank connectivity has never been more important as reported fraud attempts focused on infiltrating payment workflows and stealing banking information are on the rise. Thankfully, in the case of bank connectivity, implementing better security protocols to reduce the threat of fraud and cybercrime is very achievable.

This research report, produced by Ardent Partners and underwritten by Kyriba, details the true value of supply chain finance (SCF), covers the opportunities SCF programs can bring, as well as provides a framework for...

This research report, produced by Ardent Partners and underwritten by Kyriba, details the true value of supply chain finance (SCF), covers the opportunities SCF programs can bring, as well as provides a framework for enterprises seeking to leverage this financial solution.

Kyriba and the UK's Association of Corporate Treasurers conducted their fourth annual survey in early 2016 into corporate treasury community's concerns, challenges and priorities. Findings are based on the insights and opinions of a...

Kyriba and the UK's Association of Corporate Treasurers conducted their fourth annual survey in early 2016 into corporate treasury community's concerns, challenges and priorities. Findings are based on the insights and opinions of a cross-section of 332 finance and treasury professionals from companies of all sizes and geographies. Download the report to learn more about the challenges your peers are facing, such as lack of resources and growing operational complexity, more onerous compliance requirements, and an expanding role of treasurer. Increasingly, not only are treasurers concerned with the ‘traditional’ treasury issues of liquidity and risk, but their skills are in demand to take the lead in working capital optimization, and to play a more strategic role in the business. Find out how treasurers are responding to and embracing these challenges, and some of the factors that are driving success.

Treasury management solutions, especially cloud solutions, enable treasurers to provide a higher level of risk management, including disaster recovery and business continuity planning; strategic cash forecasting, and improved currency exposure management. Find out more...

Treasury management solutions, especially cloud solutions, enable treasurers to provide a higher level of risk management, including disaster recovery and business continuity planning; strategic cash forecasting, and improved currency exposure management. Find out more in this report the benefits of a TMS, beyond the basics of time savings and productivity.

Treasury is a critical operation within any organization. With Business Continuity Planning, Treasury has yet another opportunity to demonstrate their leadership by ensuring BCP is a core component of treasury’s risk management plan.

Treasury is a critical operation within any organization. With Business Continuity Planning, Treasury has yet another opportunity to demonstrate their leadership by ensuring BCP is a core component of treasury’s risk management plan.

Reserve your seat for one of our 30 minute online sessions to learn from the treasury experts the tips and tricks on how you can improve global cash visibility, manage risk, minimize payments fraud,...

Reserve your seat for one of our 30 minute online sessions to learn from the treasury experts the tips and tricks on how you can improve global cash visibility, manage risk, minimize payments fraud, streamline bank account management, and achieve better cash flow forecasting, strategies.

Working capital has traditionally been a zero-sum game in the supply chain, as increased DPO for buyers incurs extended DSO for sellers, often causing friction in the buyer-seller relationship. With the introduction of supply...

Working capital has traditionally been a zero-sum game in the supply chain, as increased DPO for buyers incurs extended DSO for sellers, often causing friction in the buyer-seller relationship. With the introduction of supply chain finance (SCF) tools such as reverse factoring and dynamic discounting, organizations can maintain prompt payments to their suppliers without adversely impacting their own cash flow, and can even use SCF to leverage their own free cash to generate risk-free returns. Integrating treasury management with SCF solutions enables organizations to implement straightforward programs that support their supplier communities, as well as providing tangible benefits for optimizing their own working capital. This ebook outlines some of the key issues for organizations who may be considering implementing SCF, or are simply looking for details of how an SCF program could benefit their organization. Topics include: Key benefits – both to vendors and suppliers – of SCF programs Outlines of programs available How supply chain finance and treasury management can work together

Risk mitigation and regulatory compliance are two of every CFO’s most pressing concerns. The CFO is expected to provide certainty and predictability of cash flow and earnings targets, yet these variables are subject to...

Risk mitigation and regulatory compliance are two of every CFO’s most pressing concerns. The CFO is expected to provide certainty and predictability of cash flow and earnings targets, yet these variables are subject to daily volatility, and can be impacted by a significant number of internal and external influences. The CFO must also be an expert in compliance, understanding the details of financial regulations, and the nuances of how to most efficiently comply. A treasury management solution (TMS) can provide wide-ranging benefits for a CFO to reduce their exposure to risk and noncompliance, in addition to providing the treasury team with the tools to make more accurate, data-driven financial decisions. This ebook highlights how implementing a TMS can assist the CFO in addressing a number of risk factors, including: Liquidity risk FX volatility Fraud and cybercrime Operational risk Regulatory compliance

This ebook outlines seven of the most critical reasons why treasury professionals in more than 100 countries use Kyriba to manage their organization’s most critical asset. Topics covered in the ebook include: Bank connectivity...

This ebook outlines seven of the most critical reasons why treasury professionals in more than 100 countries use Kyriba to manage their organization’s most critical asset. Topics covered in the ebook include: Bank connectivity Cash forecasting Security and fraud prevention Creating strategic value See for yourself why Kyriba’s SaaS treasury management system is the most-used TMS, trusted by more than 1,500 of the world’s largest and most respected organizations.

In an environment of regulatory change, globalization, market volatility and emerging business and financial risks, the role of the finance function, and the demands on financial leadership, continue to evolve. With responsibilities increasingly crossing...

In an environment of regulatory change, globalization, market volatility and emerging business and financial risks, the role of the finance function, and the demands on financial leadership, continue to evolve. With responsibilities increasingly crossing borders, regulatory and financial infrastructures, business cultures, languages and time zones, global leadership has become the cornerstone of the CFO role. This ebook outlines some of the key questions that CFOs need to ask, in order to position their organization for maximum growth. Topics covered include: The need for 100% cash visibility How the finance function competes The impact of trapped cash Financial risk management

Lack of visibility over cash balances and risk exposures is cited year after year in industry surveys as treasurers’ top priority and biggest challenge. This ebook outlines straightforward steps that corporate treasurers can take...

Lack of visibility over cash balances and risk exposures is cited year after year in industry surveys as treasurers’ top priority and biggest challenge. This ebook outlines straightforward steps that corporate treasurers can take to achieve 100% visibility on global cash balances.

With the growth of SaaS solutions in treasury, it seems that everyone is clamoring to be “in the cloud,” but not all solutions are the same. This guide helps you clear up the vocabulary and...

With the growth of SaaS solutions in treasury, it seems that everyone is clamoring to be “in the cloud,” but not all solutions are the same. This guide helps you clear up the vocabulary and help you understand why the distinction matters. There are many software providers in the treasury software industry masquerading as true SaaS vendors, so it is important to help you find the wolf in sheep’s clothing.

Watch this webinar to learn more about critical knowledge you will need when evaluating treasury technology, and how your choice impacts the way your treasury team operates. This webinar featured insights from leading technology...

Watch this webinar to learn more about critical knowledge you will need when evaluating treasury technology, and how your choice impacts the way your treasury team operates. This webinar featured insights from leading technology analyst, Albert Pang from Apps Run The World and distinguished treasury influencer and 25-year industry veteran, Ari Morris from Global Treasury Partners. Topics this webinar covered included: The technology landscape in treasury management The relevance of cloud and SaaS for treasurers How to decipher what’s relevant to your technology decision making Key takeaways to help make the right TMS decision Whether you’re looking to choose a TMS next year and want to educate yourself on the options, or are currently in the buying process and need help differentiating between vendors, this webinar provides valuable insight into the offerings available in the market today. Up to 1.2 FP&A recertification credits and up to 1.2 CTP/CCM credits were provided by the Association for Financial Professionals to full session attendees. 

In the wake of Basel III and a highly volatile FX market, effective cash forecasting has become even more critical for treasurers. Read valuable insight from a number of treasury and banking veterans into...

In the wake of Basel III and a highly volatile FX market, effective cash forecasting has become even more critical for treasurers. Read valuable insight from a number of treasury and banking veterans into how organizations can optimize their cash forecasting process, and drive meaningful business value. This special report from Treasury & Risk magazine features thought leaders from organizations including Citi, Deutsche Bank, Kyriba and Treasury Strategies, discussing cash forecasting best practice, as well as advice for developing, executing and measuring successful cash forecasting programs.

Cash forecasting is an art that is rarely perfected. Every organization talks about forecasting more effectively, but few allocate sufficient people, time, and technology to build an effective program. Understanding the importance of an accurate cash...

Cash forecasting is an art that is rarely perfected. Every organization talks about 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. This ebook gives practical advice for treasurers to develop a cash forecasting program that benefits not just the treasury team, but across the organization. It’s essential reading for anyone who is looking to take their treasury program to the next level and drive meaningful value.

This eBook will explain the benefits of implementing a payment hub, shared services, or a combination of the two, as well as solutions to improve workflow processes and mitigate payment fraud, which is the...

This eBook will explain the benefits of implementing a payment hub, shared services, or a combination of the two, as well as solutions to improve workflow processes and mitigate payment fraud, which is the most dangerous threat to a treasurer’s reputation and career. Every day, new stories emerge about hackers successfully stealing from corporates through sophisticated social engineering techniques that specifically prey upon exposures in payment workflows. With this ebook, the CFO and treasury professionals will gain a deeper understanding of how centralizing payments can reduce risk, add control, and maximize visibility of global payments.

Consistent accurate cash flow forecasting is arguably the holy grail of corporate treasury. From securing liquidity to internal customers to support their local business, to providing free cash flow guidance and variance analysis to...

Consistent accurate cash flow forecasting is arguably the holy grail of corporate treasury. From securing liquidity to internal customers to support their local business, to providing free cash flow guidance and variance analysis to the board of directors and investors, to preparing scenario cash flow analysis to support future M&A, share buy-back or dividend strategies, corporate treasurers are tasked with a tremendous responsibility to predict the future cash flow performance of their organization. For an organization’s cash forecasting program to be optimized, there are six critical questions that every treasurer should ask themselves. Download this ebook to learn how to prepare yourself effectively.

Hear from experts at Kyriba and e5 Solutions how to prepare your organization for eBAM. This special report, developed by Treasury & Risk magazine, contains a number of features and essays from thought leaders...

Hear from experts at Kyriba and e5 Solutions how to prepare your organization for eBAM. This special report, developed by Treasury & Risk magazine, contains a number of features and essays from thought leaders in the industry, on topics ranging from the true value that eBAM will deliver to corporates, to innovations in payments and how this could impact businesses.

Treasury departments around the world have been given the mandate of delivering real business value across the organization. The first step toward achieving this is to transform the treasury function from reactive and transaction-oriented...

Treasury departments around the world have been given the mandate of delivering real business value across the organization. The first step toward achieving this is to transform the treasury function from reactive and transaction-oriented to proactive and strategic in nature. Renowned experts from across the Big Four, banks, analysts, treasury consultancies and a broad range of global organizations offer insight on a wide of topics essential to the modern treasury and finance leader. If you want to drive more value for your organization, download this informative and insightful ebook to learn from industry leaders how to become a proactive, strategic, business partner. Themes covered in the ebook include: Thinking more strategically Effectively managing risk to become a more proactive treasury Documenting your treasury vision Centralizing your treasury Automating, innovating and analyzing

Bank account management has changed in the past 18 months, driven by regulations such as FBAR, and technology advancements in eBAM. While FBAR has created a required accountability, it has also spawned an opportunity...

Bank account management has changed in the past 18 months, driven by regulations such as FBAR, and technology advancements in eBAM. While FBAR has created a required accountability, it has also spawned an opportunity to improve visibility and control over bank accounts. In this webinar, speakers discussed the benefits treasury teams can realize through improved bank account management, which include: reduced fraud ability to decentralize responsibility without taking on extra risk improved bank fee analysis data mining to align cost of banking with bank account usage Up to 1.2 FP&A recertification credits and up to 1.2 CTP/CCM credits by the Association for Financial Professionals were provided to full session attendees.  Related Content Implementing a BAM solution for the BBC Kyriba enables the world's largest public service broadcaster to seamlessly manage the administration of about 550 bank accounts using 54 currencies, held by almost 100 banks globally. Download > Bank Relationship Management Managing multiple banking relationships can be a challenging responsibility, particularly across multiple geographies, languages and time zones. Kyriba's Bank Relationship Management enables our clients to gain control over their banking relationships. Download >

There is a broad range of both internal and external threats that face the integrity of an organization’s corporate cash. In order to understand how your organization can become more secure, it’s critical to...

There is a broad range of both internal and external threats that face the integrity of an organization’s corporate cash. In order to understand how your organization can become more secure, it’s critical to know what vulnerabilities you may be exposed to, and how you can counter them. This eBook shows how Kyriba's SaaS treasury management system can help your company become more secure in the war on fraud.

Kyriba and the UK's Association of Corporate Treasurers conducted a survey in early 2015 into treasury teams' use of technology, strategic input into the business and key issues that they face. The report provides...

Kyriba and the UK's Association of Corporate Treasurers conducted a survey in early 2015 into treasury teams' use of technology, strategic input into the business and key issues that they face. The report provides detailed data on technology use, strategic input and productivity of companies with revenues from under £100 million to over £10 billion. This report is an invaluable tool for anyone who is interested in learning about how fraud can impact the organization, how improved productivity is achievable through the use of treasury management technologies, or would simply like to see how their treasury team measures up against their peers.

Learn from experts at Kyriba, Deutsche Bank and Citi how to optimize your organization’s liquidity. This special report, developed by Treasury & Risk magazine, contains a number of features and essays from thought leaders...

Learn from experts at Kyriba, Deutsche Bank and Citi how to optimize your organization’s liquidity. This special report, developed by Treasury & Risk magazine, contains a number of features and essays from thought leaders in the industry, on topics ranging from reducing the cash conversion cycle, to receivables management and the impact of regulatory chance on liquidity management.

As globalization increases, treasury has become an increasingly international operation. However, the practices and regulation of treasury are not uniform across the globe. What may be viewed as best practice in one country may...

As globalization increases, treasury has become an increasingly international operation. However, the practices and regulation of treasury are not uniform across the globe. What may be viewed as best practice in one country may not be appropriate in other markets. This has implications both for North American companies looking to expand globally, and also for foreign companies planning to establish or acquire North American business. Treasury teams need to ensure that their cash management processes are optimized for all markets, to both ensure the smooth running of their treasury operations, as well as complying with local regulations. This comprehensive guide provides essential information for any treasury team that is looking to enter new territories, or already has an international presence, but wants to ensure that it’s adhering to best practices worldwide.

Forecasting is potentially one of the hardest tasks undertaken by treasury teams, with its requirement for precision and accuracy and its ability to drive a company’s strategic growth, or hold it back if it...

Forecasting is potentially one of the hardest tasks undertaken by treasury teams, with its requirement for precision and accuracy and its ability to drive a company’s strategic growth, or hold it back if it all goes wrong! Treasuries are constantly seeking to fine-tune their cash forecasting, and the pressure will only increase over the next couple of years as parking their short-term cash is complicated by new regulations affecting banks and money funds. During this webinar, speakers went over some of the common problems associated with developing an accurate cash forecast and how to proactively get ahead of those obstacles, as well as: The impact of inaccurate, incomplete or out of date data Tools for securing accurate and reliable real-time data from across the organization Your cash flow forecasting checklist for better business intelligence Attendees of the live session were provided up to 1.2 FP&A recertification credits and 1.2 CTP/CCM credits by the Association for Financial Professionals will be provided to full session attendees. Related Content Short term cash forecasting - best practices and pitfalls to avoid Learn what common challenges treasury department face​s​, where they typically make mistakes, and what they can do to deliver short term cash forecasting best practice. Read more

As global companies continue to expand into new markets, increase capital expenditures to fuel business growth and expand via acquisition strategies, the demand for treasurers to effectively manage global liquidity to support business expansion...

As global companies continue to expand into new markets, increase capital expenditures to fuel business growth and expand via acquisition strategies, the demand for treasurers to effectively manage global liquidity to support business expansion is becoming more critical. This webinar reviews the current liquidity challenges facing treasurers today and the importance of comprehensive liquidity risk management strategies. During the session, Greg Person from Kyriba and Drew Arnold from Deutsche Bank explore how leading treasury departments are optimizing global liquidity management through: Implementing effective working capital strategies to generate additional liquidity within the supply chain Expanding intercompany lending programs to consolidate liquidity and reduce external interest expense Partnering with key relationship banks to provide the necessary liquidity infrastructure and regulatory guidance to support their business expansion and strategic objectives in new markets Play back this online session to find out how your organization can leverage proven best practices and technologies to facilitate these efficiencies.

Implementing a global treasury structure is an important requirement for expanding international companies, to ensure operational efficiencies and also comply with local practices and regulations. Given the cultural differences, as well as global banking,...

Implementing a global treasury structure is an important requirement for expanding international companies, to ensure operational efficiencies and also comply with local practices and regulations. Given the cultural differences, as well as global banking, compliance and tax complexities, deploying U.S. corporate treasury best practices may not be suitable across all markets. A thoughtful and well executed global treasury structure utilizing treasury technology and best practices is a critical exercise to ensure Treasury strategically partners with regional business units to achieve global expansion. In this webinar, treasury experts from Kyriba and Global Treasury Partners investigate several considerations when deploying corporate treasury policies to achieve global treasury efficiencies, including: Optimizing global liquidity management leveraging comprehensive balance visibility and intercompany structures Managing payment workflows, controls and bank access rights Implementing and maintaining bank account mandates in accordance with corporate banking resolutions Consolidating global cash flow forecast and analyzing forecast variances This session has been approved for ​up to 1.2 FP&A recertification credits and 1.2 CTP/CCM credits by the Association for Financial Professionals for attendees of the full live session. Related Content Best Practices in International Cash Management Learn how your team can optimize cash management processes for all markets, while ensuring the smooth running of treasury operations and complying with local regulations. Read more

Cash visibility will continue to be the foremost objective for corporate treasury teams in 2015, as better accuracy of current and projected cash balances enables more effective  investment, deployment, and protection of cash from...

Cash visibility will continue to be the foremost objective for corporate treasury teams in 2015, as better accuracy of current and projected cash balances enables more effective  investment, deployment, and protection of cash from risk exposures. Innovative treasurers will continue to strive for improvement through streamlining internal processes, minimizing financial costs for external borrowing and overdrafts, not to mention optimizing returns on surplus cash, with direct and indirect impact on the creditworthiness of the enterprise and interest income/expense performance. Learn how you can improve your organization's cash visibility in order to make more informed, strategic decisions for deploying corporate cash.

The Treasury Strategies' Treasury Technology Quarterly Briefing webinar will be on protecting against fraud and cyber risks.  The panel of security experts from Bank of America and Kyriba will discuss what you should focus...

The Treasury Strategies' Treasury Technology Quarterly Briefing webinar will be on protecting against fraud and cyber risks.  The panel of security experts from Bank of America and Kyriba will discuss what you should focus on to improve internal and external security controls and safeguard corporate treasury against fraud and cyber risks. In particular, the speakers will discuss:     Overall view of cyber risks in treasury operations     Data and application security - how to prevent unauthorized access to treasury systems and data loss     Treasury controls and the need to have a secure workflow     How digital identity can be an additional layer against fraud Related Content White Paper: Leveraging Treasury Technology in the War Against Fraud Corporate financial fraud remains a serious issue to which many organizations continue to be exposed. This white paper outlines some of the key issues facing treasury teams, and offers advice for how they can reduce their exposure to financial fraud.

Treasurers today have an increasing demand for cash visibility, improved controls, and straight through processing. Cloud solutions provide a cost-effective and easily deployed answer to these treasury needs, delivering connectivity to all your organization’s banks for...

Treasurers today have an increasing demand for cash visibility, improved controls, and straight through processing. Cloud solutions provide a cost-effective and easily deployed answer to these treasury needs, delivering connectivity to all your organization’s banks for both bank reporting and payment processing. In this webinar, Kyriba discussed how organizations can securely connect with their banking partners including: Explaining each of the different options to connect to banks such as FTP, EBICS and SWIFT Helping design the right connectivity choices and file formats based on your organization’s banking profile Offering tips and tricks to ensure you achieve the automation, visibility, and security that you need without overpaying for bank connectivity

A reality that pervades the treasurer’s office in multinational and domestic corporations alike is that reliable cash forecasting, even in the short term, is extremely difficult to achieve in practice. Accurate cash forecasting always...

A reality that pervades the treasurer’s office in multinational and domestic corporations alike is that reliable cash forecasting, even in the short term, is extremely difficult to achieve in practice. Accurate cash forecasting always ranks highly among corporate treasurers’ priorities, but few treasurers can attain the high levels of cash visibility and usage that will be achieved when a truly effective short term forecasting solution is in place. Read this white paper to learn what common challenges treasury department faces​, where they typically make mistakes, and what they can do to deliver short term cash forecasting best practice.

Companies ranging from Target to J.P. Morgan have recently been impacted by corporate financial fraud, and it remains a serious issue. By failing to implement effective technology and processes, many organizations continue to leave...

Companies ranging from Target to J.P. Morgan have recently been impacted by corporate financial fraud, and it remains a serious issue. By failing to implement effective technology and processes, many organizations continue to leave themselves to both internal and external threats. This white paper outlines some of the key issues facing treasury teams, and offers advice on how they can reduce their exposure to financial fraud, through technology and process improvements.

Changing technology, growing global commerce and new monetary policies are requiring corporations to rethink or re-imagine the role of treasury in a post-recession world, as well as what tools will power this function. ​...

Changing technology, growing global commerce and new monetary policies are requiring corporations to rethink or re-imagine the role of treasury in a post-recession world, as well as what tools will power this function. ​ This white paper, developed exclusively for Kyriba by analyst and ZDNet contributor Brian Sommer, ​outlines  how new technology and approaches can help treasury teams navigate the new economy.

Two forces are converging in the treasury space - an improving economy and the increasing availability of powerful alternatives to the traditional installed treasury workstation. Evolving economic forces are bringing rising interest rates, exchange rate...

Two forces are converging in the treasury space - an improving economy and the increasing availability of powerful alternatives to the traditional installed treasury workstation. Evolving economic forces are bringing rising interest rates, exchange rate volatility and rapidly changing cash management challenges. Modern treasury solutions embrace today’s technology, as well as offer real value through true SaaS delivery, which is critical to the modern business and cannot be achieved through installed or ASP solutions. Together these forces present new opportunities for treasurers and finance executives to re-imagine the value they deliver to their corporation and its shareholders. Attendees of this webinar learned about: Business and technology drivers triggering big changes in treasury and risk management today Why yesterday’s solutions are poorly equipped to address today’s challenges, leaving finance organizations less productive and reactive How software-as-a-service treasury solutions deliver a very different business value than prior generations of solutions The power of one - why cloud has become a better delivery model for treasury solutions