With lease accounting standards fast approaching, treasury and accounting teams are faced with significant manual effort to identify, track, account for, and audit leases to meet international and/or local accounting standards such as IFRS16 and ASC842.
Treasury Management Resources
The Government of Sharjah embraces HSBC’s digital transaction banking solutions and Kyriba’s cloud-based Treasury Management System.
In recognition of implementing the solution, Sharjah Finance Department Head, Sean De Silva, was awarded a Best in Class Treasury Solution in the Middle East award, at the 2018 Adam Smith awards ceremony.
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.
Kyriba enables financial services organizations to achieve global cash visibility, reduce payments fraud and improve audit and controls in finance and treasury.
Before deploying Kyriba, the treasury teams at Zahid Tractor and its subsidiaries were using a variety of paper-based records and spreadsheets to control the vast portfolio of treasury transactions within the group. This became untenable and it was decided back in 2013 to review the process with the aim of implementing a treasury management system (TMS).
Kyriba brings innovative technology and experience in helping well-known private equity and alternative asset managers automate global cash and payment management workflows.
AFP’s latest Treasury in Practice (TiP) Guide provides a comprehensive overview into the selection process for a Treasury Management System (TMS) to make sure your TMS selection process goes as smoothly as possible.
Retail treasury teams are faced with a very distinct set of requirements and demands compared to other organizations. Kyriba’s experience working with dozens of major retail brands worldwide ensures that it can meet the unique challenges of today’s retail-focused financial professionals.
Working Capital optimization is a strategic objective for CFOs as they fight to generate bottom line value and generate free cash flow. Kyriba offers CFOs two compelling benefits: the ability to improve working capital, as well as the opportunity to increase net income.