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Technology Integration Transforms Adobe’s Treasury

Adobe is experiencing substantial growth with a goal of creating a world-class treasury organization and to build a platform that would sustain it throughout the next decade. “This was a very open-minded collaboration where we said, ‛let’s not think about what we have been doing for the past 15 years, but let’s think about what...
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Kyriba’s ESG Framework

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Technology Bridges Skills Gaps for Understaffed Finance Teams

Acquiring and retaining talent is a top priority for many companies in 2022 and beyond. But amidst staffing shortages and new hiring and transition patterns within HR, wide finance skills gaps are highlighted and have many CFOs concerned about the future. In a recent Blackline survey of C-suite executives and financial professionals, a third of...
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Benchmarking Your ELM Processes

Cash flow hedge programs are generally longer term in nature. Positions due to mature were locked months or years ago, and new positions may not impact the P&L for months or years down the road. Despite the longer time horizons, there are still opportunities to make your hedge program more effective when volatility strikes.
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5 Steps to Automate (and Optimize) Your FX Risk Management Program

Companies of all sizes and industries with foreign currency exposures are being impacted by a number of global trade complexities. For many, supply chain disruptions, interest rate, and price index increases are taking a toll on profitability. For many others, the impact from increased foreign currency headwinds is becoming the glaring reality unveiling weaknesses in...
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Kyriba for Community

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Empowering Utilities & Energy: Xcel Energy’s Treasury Modernization

Wednesday September 14th: 9:00am PT | 12:00pm ET | Xcel Energy had outdated legacy treasury and reconciliation systems that challenged the organization to keep pace with its regulated electric and natural gas delivery business needs. With Kyriba as the catalyst, Xcel Energy embarked on a full treasury transformation spanning 15 integrations to drive consolidation across...
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Unlocking Enterprise Liquidity Management

Cash flow hedge programs are generally longer term in nature. Positions due to mature were locked months or years ago, and new positions may not impact the P&L for months or years down the road. Despite the longer time horizons, there are still opportunities to make your hedge program more effective when volatility strikes.
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Perfecting the Cash Forecast

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.
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Artificial Intelligence: Creating Treasury’s Future, Today

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.
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Cash Flow Hedging in Volatile Markets

Cash flow hedge programs are generally longer term in nature. Positions due to mature were locked months or years ago, and new positions may not impact the P&L for months or years down the road. Despite the longer time horizons, there are still opportunities to make your hedge program more effective when volatility strikes.
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Foreign Currency Balance Sheet Hedging Guide

Treasury organizations and CFOs have the dual objective of managing risk to an acceptable level while also containing the cost of hedging across their portfolio of currencies. Several best practices stand out that separate the hedge programs that show cracks (or fall apart) under stress, from the best performing hedge programs.
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Episode 25: How To Optimize Your FX Risk Management Program and Stay Ahead of the Curve

This is a special episode featuring Kyriba’s Senior Vice President of FX Sales and Advisory Services, Andy Gage.
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Payments Hubs

Inefficient payment processes inhibit supply chains, cash flow and profitability. The need to optimize cash and working capital, combined with the increasing threat of cybercrime and payments fraud, amplifies the need to centralize and standardize corporate payments. A payments hub consolidates payment streams from ERPs, finance, treasury, legal, capital markets, and decentralized teams, transforming disaggregated...
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How to Manage Complex Cash Forecasting with Precision

Thursday, August 25th | 9:00 am PT | 12:00pm ET Corporate treasury groups are being challenged with unprecedented scrutiny when it comes to the accuracy and quality of their forecasts. In this session, you will learn about many of the difficulties that organizations are facing both internally with process and data constraints, and externally with...
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Could Stablecoins Drive Payment Innovation?

Despite the current market volatility, cryptocurrencies(1) are slowly seeping into everyday transactions,(2) driven largely by small businesses. There are an estimated tens of thousands of businesses that are accepting cryptocurrencies as payments roughly representing about 0.01% of businesses worldwide. Large corporations have stayed away from cryptocurrencies with a few exceptions(3) where the use is limited...
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Benchmarking: Identify Opportunities Through Comparison

Thursday, September 15 | 9:00 am PT | 12:00pm ET | Benchmarking is critical to evaluate and improve financial position and gain a competitive advantage. But many leaders don’t have a clear picture of where they stand – often due to time and resources constraints, or simply not knowing where to begin.
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Episode 24: Liquidity and Metrics that Matter to CFOs

This episode features an interview with Alex Song, Head of Finance and Capital Markets at Ramp, a finance automation platform offering corporate cards and expense management so companies save time and money with every click.
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modules

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Currency weakness weighs heavily on ECB

While the figure for European corporate FX losses is not massively out of line with previous quarters, what is notable is the continued impact of the weaker euro with the single currency being among the top five most volatile currencies weighted by GDP for the fourth quarter in a row.
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Kyriba on Fox Business: Currency Markets Leading Equity Markets amid Recession Fears

Kyriba senior strategist Wolfgang Koester joins Maria Bartiromo on Fox Business Network’s “Mornings with Maria” to discuss currency exchange impacts to corporate earnings and safe investment strategies. Wolfgang Koester focused on earnings, the dollar, and how companies are managing their earnings and currencies. CFOs and CEOs are worried about recession and are looking to manage...
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Currency Impact Report: July 2022

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.
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Episode 23: A Fresh Perspective on Owning the Number and Driving Growth

This episode features an interview with Sinohe Terrero, CFO at Envoy speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba.
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Real-time B2B Payments: Opportunities & Challenges

As a payments practitioner, I have spent over a decade helping clients adopt innovations that digitize the entire customer journey in which payments tend to be one of the most important steps. For example, in the B2B e-commerce context, a bad payment experience can equate to a lost sale at checkout. In the B2B corporate...
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Central Banks’ Interest-Rate Moves Complicate Companies’ Hedging Strategies

Central banks’ diverging interest-rate moves are making it harder for U.S. companies to hedge against currency risks, as they create higher costs for some while benefiting others. The strong dollar is leading many businesses to closely review their hedging strategies, with some increasing the level of currency protections. Read more
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The Super Dollar

More cautionary FX tales: Global Finance reports how the “Super Dollar” and other market conditions heightens the challenge Risk Leaders face in managing currency exposures. This article concludes with concern, especially for emerging countries, of debt crisis. Similarly, companies that are not able to manage risk, determine the best, most cost effective hedge program, will...
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Embracing Electronic B2B Payments

Electronic payments are expanding in the business-to-business (B2B) space, according to recent research. While checks and wires still dominate B2B transactions, the COVID-19 pandemic has prompted many organizations to modernize their payment streams to address challenges in staffing and remote work. Payment Trends in the Pandemic Although many companies have been reluctant to embrace digital...
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Enterprise Liquidity Management: A New Ecosystem for Corporate Chief Financial Officers

Enterprise Liquidity Management (ELM) has emerged as a new practice area within the CFO’s and treasury professional’s remit to manage and execute the entire lifecycle of corporate liquidity—a specialized capability traditional Treasury Management Systems and ERPs are not able to deliver. The ELM concept a purpose-built, dedicated Enterprise Liquidity Platform has emerged as the software...
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How Can Global Organizations Navigate Currency and Interest Rate Risk?

Global multinationals are experiencing sensitivity to currency headwinds and rising interest rates, causing market conditions that have not been seen in a lifetime. Uncertainty can leave companies feeling vulnerable and looking for expert analysis to help them navigate through the abyss.
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Q1 2022 Currency Moves Drive Need for Foundational FX Risk Tools

Q1 2022 CIR Companion Blog The latest Kyriba Currency Impact Report for Q1 2022, which chronicles the impact that currency volatility and currency moves has on reported corporate financial results, illustrates what we have been expecting, the strong dollar run, and currency volatility experienced in the first quarter of 2022 is taking a toll on...
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Infographic: Uncertain Times Call for Certain Measures

Tackling complexity, volatility, and the data avalanche with predictive enterprise liquidity management (ELM) – The pandemic, geopolitical tensions, and unhinged financial markets have accelerated and intensified volatility around the world. Download the Infographic   Read the IDC White Paper
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Kyriba’s Currency Impact Report: Multinationals’ FX Impacts Surge to $24 Billion

The July 2022 Report Reveals $14+ Billion Hit in Q1 Headwinds to North American Corporations, More Than 200% Single Quarter Spike SAN DIEGO – July 21, 2022 — 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...
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Kyriba Cash Management AI

Leverage Artificial Intelligence to increase cash forecasting confidence and accuracy Kyriba Cash Management AI empowers treasurers and finance leaders to make smarter business decisions by improving cash flow forecasts with artificial intelligence. Cash Management AI organizes and leverages data so organizations can make forecasting decisions faster, easier, more accurately, and more consistently. Automated Forecasting Organizations...
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Treasurers scramble to navigate FX headwinds as greenback soars

Corporates are increasingly turning to VaR techniques to help them cope with FX challenges unleashed by the soaring US dollar.
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Infographic: IT Priorities and Technology Selection

Gartner Peer Insights and Kyriba surveyed 200 IT decision makers who are key stakeholders in purchasing new technology at their organization to understand how they are building their vendor ecosystem, in particular surrounding financial and enterprise resource planning software. Download the PDF
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Infographic: Kyriba Leading Enterprise Liquidity Management

Kyriba empowers and enables customers to transform the way they access and leverage liquidity to build resilience, generate value, and unlock growth.
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Kyriba’s ESG Framework

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Kyriba Product Overview

Kyriba’s cloud platform delivers treasury, risk management, payments and working capital solutions supported by real-time connectivity. Watch this video to see an overview of how our products support our 2,000+ corporate customers manage their liquidity and unlock value.
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Kyriba Prepares You for Change

From inflation to supply chain disruptions to payments fraud, CFOs face many challenges. Kyriba provides finance chiefs with enterprise visibility, efficiency and security. That’s why 65,000 users put their trust in Kyriba. We prepare you for change.
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Panel Discussion: Positioning Treasury as a Business Advisor

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.
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API and Connectivity Strategy – How Banks Are Driving Innovation

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.
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Lifespace Communities Treasury Transformation – Making the Most of Your Time

Join Christopher Lynn from Lifespace Communities and Ken Cavazzi and Peter Simpson from KyribaLive Platinum Sponsor, Nitor.
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Multilateral Netting Approaches to FX Risk Management presented by RSM

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.
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How Treasury’s Data Transformation at HCSC Reduced Working Capital from $4B to $25M

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.
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3 Strategies to Enable Expansion for your Finance Organization

Join Treasury leaders as they discuss and answer questions related to driving impactful decision-making that creates value and positive results for the overall finance function.
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Key Steps in Establishing KPI’s to Measure Success in Treasury

Learn how Koch, one of America’s largest privately held companies, put technology to work to centralize Treasury functions and achieve strategic level maturity.
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How Two Award-Winning Treasurers Minimized Risk and Optimized Liquidity to Drive Business

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.
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APIs and Integration A Use Case for ERP Integration

Waste Management is the leading provider of comprehensive waste and environmental services in North America, headquartered in Houston, Texas.
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Technology as a Foundation for a Treasury Transformation

Join the team at Spencer Stuart International (SSI) as they share their transformation journey using Kyriba as the cornerstone for a technical landscape involving global payments across 20 countries and full Workday integration.
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Tips on Advancing Working Capital & Liquidity Optimization

Bojan Belejkovski, Director of Treasury at Ilitch Holdings, shares insight from his extensive experience in treasury and the importance of getting the fundamentals right, from best in class cash management to risk avoidance and working capital optimization.
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Re-inventing the Intercompany Process at Cooke Aquaculture Inc. with In-house Banking

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).
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A Case Study: How to Maximize Treasury through Technology

This session will focus on how Adobe transformed their Treasury by implementing Kyriba and the critical role Deloitte played as implementation partner.
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Payment Management

Payment processing and execution are critical functions for most corporate treasury departments. Ineffective management of these activities can directly impact cash visibility and accuracy, reduce operational efficiencies, increase difficulty in complying with regulatory requirements, and introduce the risk of fraud. With Kyriba’s Payment Management solution, organizations can leverage automated workflows to initiate, approve and release...
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What is Treasury’s Role in the Supply Chain?

In a recent survey, 73% of treasury professionals had to update cash forecasting models due to supply chain impacts. Over half of them were forced to manage new liquidity scenarios.
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Driving Transformation with an F&A First Approach

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.
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Using API’s to Streamline Investing

Treasury is constantly in a state of flux as teams work to support the business in a dynamic market environment.
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Path to True Payments Factory

Bray International found itself in spreadsheet chaos, with limited visibility into global cash positions, resulting in inefficient processes and needless borrowing.
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Introducing Kyriba Client Academy

Join us for the Launch of our New Offering “Kyriba Client Academy” and understand the nature of the services we will be providing for you to become a True Kyriba Champion and Subject Matter Expert.
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Elevating Treasury Innovation Success

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.
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Barilla Shares the Recipe for Treasury Success

Giangaddo Prati, CFO and CIO of Barilla, discuses the evolving role of the CFO and Treasury in today’s market with Andrea Delvo, Managing Director of Kyriba Italy. Prati shares his views on the unique challenges of the food industry during supply chain disruptions, how Barilla is approaching the “new normal,” and the factors behind choosing...
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Kelkoo Group Case Study – Hilary Heah

Kelkoo Group, a leading e-commerce company, gained full control of their cash management and forecasting by utilising Kyriba’s Active Liquidity Network. Here are some of the challenges Hilary Heah, Treasury Manager, was facing: Having to log into different banking portals Extracting and gathering the information manually risking inaccuracies Kyriba’s tailored solutions allowed their treasury team...
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US multinationals grapple with soaring dollar

The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout. For an importer, the surge in the greenback against the euro, yen or British pound is a...
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Supply Chain Finance for Mid-Sized Businesses

Payables Financing Kyriba delivers ways for small and mid-size (SME) company buyers and their suppliers to mutually enhance and strengthen their supply chains and financial performance with payables financing that gives flexibility and faster access to inbound liquidity while often extending payment timelines for the buyer. Supply Chain Finance Kyriba has partnered with innovative funders...
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Why Did Kyriba Build an App Marketplace?

Kyriba’s decision to build an app marketplace came from a desire to provide our customers with the latest technology, while fostering innovation in the API space. As organizations’ needs shift and evolve, we want to ensure that all those needs are addressed—whether through our own capabilities or through technology developed by our partners. Creating a...
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Contracts

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Bray Manufacturing: Move Away From Spreadsheets ✓ Deleverage by 30% ✓

Manufacturers are especially sensitive to currency headwinds and rising interest rates due to the complex nature of their operations. These shifting variables create uncertainty and can leave companies feeling vulnerable. Visibility into your complete financial position can help propel your business forward.
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Privacy & Legal Compliance

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Episode 22: Practicing Defensive Finance Strategies

This episode features an interview with Paolo Tonucci, CFO at Marex speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba.
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Kyriba Delivers Greater FX Insights with Portfolio VaR Analysis

Kyriba Delivers Enhanced Insights into Your Exposure Management and Hedging Programs with Correlated VaR Analysis Kyriba’s FX Hedging with Correlated VaR provides corporate FX risk managers with analytics and decision support tools designed to help optimize hedging programs to continuously hit portfolio VaR targets in the most cost-effective way. This is really a very handy...
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What Does Real-time Connectivity Mean for Your Organization?

Nowadays if you work in treasury, probably not a day goes by without you seeing a social post or article from your subscribed newsletters on the topic of real-time Bank API. It stands for the future of bank connectivity, and it will change the way data is exchanged between corporates and banks. As a solution...
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Kyriba Launches Portfolio VaR Analysis to Tackle Currency Risk

New Analytics Offer More Precise and Immediate Decision Support to FX Risk Managers, Optimizing Hedging Programs SAN DIEGO – June 22, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Kyriba’s FX with correlated value at risk (VaR) analysis to provide corporate Treasurers and FX...
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Companies Review Hedging Strategies as Strong Dollar Cuts Profits

Coca-Cola, Microsoft and Salesforce are among the companies that have pointed out the negative effect of the strong dollar on their financial results Companies are reviewing their hedging strategies in light of the strong U.S. dollar, which is denting the value of overseas earnings. The strength of the currency also is making some American products...
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Cooke Aquaculture Unlocks Liquidity with In-House Banking and Payment Factory Successes

In 2020, Cooke Aquaculture introduced Cooke Bank as a concept for centralizing its global liquidity and FX exposure. Between October 2020 and April 2021, a multi-layered, fully tax and transfer pricing compliant In-house Bank (IHB) Solution was configured in Kyriba with a fully automated current-account relationship between treasury and operating units. “The primary goal of...
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How Treasury’s Data Transformation at HCSC Reduced Working Capital from $4B to $25M

At KyribaLive 2022, David Deranek presented the following business case review that resulted in HCSC’s Technology Transformation and being awarded the 2021 AFP Pinnacle Award Grand Prize. “By elevating all these data proficiencies, treasury would be better able to make strategic decisions, using data to analyze the effectiveness of financial decision making. This would give...
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Robust Reporting Propels Delaware Life’s Productivity

“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith, Assistant Director of Finance, Delaware Life Before Kyriba • Legacy TMS provider riddled with many problems • Limited support, heavily manual Kyriba Modules Adopted: • Cash...
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Myths and Facts: Everything You Need to Know About APIs

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.
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VAR Rises 200%: What’s a Risk Manager to Do?

Currency volatility, rising inflation, increasing interest rates and the strong USD are causing a lot of headaches for Corporate Risk Managers.
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Value Added Services Packages

Kyriba now provides a flexible and seamless way to purchase professional service hours in bundled packages, providing cost savings and efficiency to accelerate time-to-value of consulting engagements. Ideal For: Organizations with ambitious treasury digitalization roadmaps, or foresee organizational growth Treasury and Finance Departments with a strict, predefined budget Resource-constrained organizations Companies who have high or...
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Kyriba Value Engineering

Kyriba has established a structured Value Engineering approach as part of its client engagement methodology to ensure customers have a clear path to successful business outcomes. The Value Engineering process starts at the initiative evaluation phase and remains active throughout its lifecycle to ensure clients are realising the full potential and return of their Kyriba...
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The Biggest FX Problem (That No One Talks About)

CFOs, Treasurers, Risk Managers, alike “don’t know what they don’t know” about their foreign currency exposure data.
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Real-Time Payments by Kyriba

Real-Time Payments accelerate liquidity, improve security and optimize costs for finance teams. Real-time payments are a game changer for corporate finance teams who require more choices in how they optimize payments and liquidity. What Are Real-Time Payments or Instant Payments? The terms “fast”, “faster”, “real-time” and “instant” are often used interchangeably to describe new payment...
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Hunt Companies’ Early Adopter Strategy for Real-Time Payments Sees Immediate Cost and Efficiency Gains

Hunt Companies is at the forefront of the Real-Time Payments (RTP) movement. Adopting the technology to lower bank wire fees and reducing the time spent correcting rejected payments has already provided significant gains in both hard and soft savings. “I am very happy to be pioneering Real-Time Payments with Hunt Companies, as I want us...
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Ingram Micro Sees Day One Success From Implementation of the Year

“During our implementation, we took the Big Bang approach of replacing our previous TMS, Payment Factory and many home-grown tools all at once. On Day 1 of “Go Live” we were successful in connecting to our banks and making payments in over 20 currencies, with more than 250 users trained in 18 countries.” Scott PaulyTreasury...
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Kyriba Customer Testimonials: Climbing the Summit with Our Clients

Hear first-hand from Kyriba clients how treasury transformation was realized through Kyriba’s innovation, technology and support. Treasury leaders at Specialized Bicycle Components, HealthCare Services Corporation, Cenveo Worldwide, Koch Industries, and LifeSpace Communities share their key challenges prior to implementing Kyriba, and highlight positive business results achieved with Kyriba.
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Hybrid Dynamic Discounting: Creating a True Win-Win for You and Your Suppliers

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.
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Supercharge Your Bank Onboarding Experience

In this session you will learn how to supercharge your bank onboarding experience with our speakers providing input from the Client, Implementation and Technology sides of the puzzle. Learn how to leverage Kyriba’s capabilities and scale to quickly access bank reporting and complete payment testing.
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Using Technology to Optimize Bank Relationship Management

Importance of Bank Relationship Management for the CFO Today’s Bank Relationship Management (BRM) supports effective corporate governance of an organization’s bank accounts as well as driving a more efficient banking strategy. Many modern BRM programs streamline the number of banks, bank accounts and bank fees to support the organization’s growth more effectively. Hamza Benamar, CFO...
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Rise in dollar to 20-year high costs US companies billions in earnings

North American businesses’ foreign exchange losses estimated at $40bn in first half of year. Currency headwinds are on the rise with a number of companies including Microsoft, Salesforce and TJ Maxx increasing guidance on FX impacts. The dollar run is yet to be over as the Fed increases interest rates. Media: Financial Times (FT) —...
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Kyriba Named One of the World’s Most Innovative Financial Technology Companies of 2022

Kyriba, a global leader of cloud-based finance and IT solutions, has been recognized by Global Finance Magazine as one of the five most innovative global financial technology companies of 2022. The Innovators Awards – the publication’s tenth annual recognition program –honors banks, fintechs and other companies that excel at advancing new tools and paths in...
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State-of-the-Art Integration: Adobe Transforms Its Treasury

Robust technology is the key to treasury transformation. The most effective transformation projects go behind simple process improvement and allow treasury organizations to stand out among their peers as best in class. A panel session at Kyriba Live 2022 focused on how Adobe transformed its treasury department by implementing Kyriba, as well as the critical role Deloitte...
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Kyriba Named One of the World’s Most Innovative Financial Technology Companies of 2022

Global Finance Magazine Recognizes Cloud-based Finance and IT Solutions Leader for Reimagining and Designing Finance Tools for Corporate Treasury Teams, Financial Institutions SAN DIEGO – June 8, 2022 – Kyriba, a global leader of cloud-based finance and IT solutions, has been recognized by Global Finance Magazine as one of the five most innovative global financial...
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A Spicy Volatility Stew Demands Liquidity Management

The combination of rising interest rates, inflation, and foreign exchange (FX) volatility has many treasury professionals uncertain about the future. While these factors make for a spicy volatility stew, effective liquidity management improves financial and operational results for multinational corporations today. Volatility on the Rise Most U.S. treasury professionals with less than 20 years of...
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Stay Out of the Headlines: Reduce Payment Fraud

According to the 2022 AFP Payments Fraud and Control Survey, 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before. As payment fraud continues to be a major concern for all types of organizations, state and local governments in particular are experiencing an increase in...
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Resilience & Strategic Value for Midsize Companies Investing in Technology

Pervasive Challenges While conversations around the COVID-19 pandemic continue to linger, other impacts from FX volatility along with a strengthening US dollar, trade wars, inflation, supply chain challenges and transitions in staffing levels are creating a wide array of challenges to be tackled by companies today. Based on recent survey data collected by the National Center for...
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The Innovators 2022: Global And Regional Honors

As pandemic response continues to reshape human behaviors and attitudes, banks are strengthening in-house innovation teams and tapping broader networks to stimulate fresh ideation in financial services.
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Episode 21: The Impacts of Faster Payments in Finance

This is a special episode focused on payments. We’re getting inside the minds of top CFOs and Treasurers to find out how they’re handling payments in this ever-changing financial landscape. We’ll hear from Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Katherine Edenbach, CFO at Emburse, Benjamin Seal, Vice President of Treasury Services at Cenveo, and more, including some bonus content from Michelle Richardson, SVP and CFO at Plaza Home Mortgages.
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Streamlining Spencer Stuart’s Cash & Payments Management

Treasury departments at global organizations need cutting-edge technology to ensure that all their payments and cash management needs are handled efficiently. Companies that are still using manual processes will only find their duties more taxing as demands increase. In a KyribaLive 2022 panel session, presented by Elire, Spencer Stuart International (SSI) discussed how implementing Kyriba allowed the...
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Multilateral Netting Approaches to FX Risk Management

With currency volatility on the rise, organizations are looking to improve the efficiency of their FX programs. For companies with operations all over the world, a proven method for mitigating the impacts of FX volatility is through an intercompany netting program. In a KyribaLive 2022 session, Wahl Clipper described how it lowered currency risk and significantly...
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Acceptable Use Policy

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Customers

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Tips on Working Capital Optimization

With the COVID-19 pandemic, global supply chain issues and overall market volatility enduring for the foreseeable future, companies are focusing on optimizing working capital. According to a February 2022 Deloitte poll, nearly half the C-suite and other executives rank working capital management as a top priority for this year. In a session at KyribaLive 2022, Bojan Belejkovski,...
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Bank & Enterprise Connectivity Continues to Challenge Finance and IT

A recent Pulse Survey reveals the extent of difficulties and challenges bank and enterprise connectivity represents for corporates maintaining and managing their own connectivity. The survey of 100 IT and Engineering leaders covered questions related to how companies today support, partner, deliver and maintain bank connections for ERPs and other systems in general. Banks and...
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Balance Sheet Exposure

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Supplier Financing

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White Label

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Kyriba Premium Support

Kyriba Premium Support provides a more advanced level support for Kyriba clients looking to further enhance the user experience and receive proactive response to support issues. The primary features of Premium Support is the assignment of a designated Support Account Manager as well as a comprehensive dedicated monitoring approach. Kyriba Premium Support provides a level...
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Utilities

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Episode 20: CFOs as Agents of Change

*Accepting cookies will allow the podcast player to be displayed. CFOs as Agents of Change This episode features an interview with Aneal Vallurupalli, CFO at Airbase, talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Aneal addresses the impact that the pandemic had on the finance...
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Preventing State and Local Government Payments Fraud

State and local government entities, as well as governmental agencies across the country, are experiencing a drastic increase in payments fraud, which has resulted in millions of dollars in losses. For government offices looking to streamline their payments, prevent fraud and stay out of headlines, the need for a robust cybersecurity strategy is imperative. Government...
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Kyriba on Fox Business Network: Lowe’s Beat’s Estimates – What that Means for Investors and CFOs

Kyriba Chief Evangelist Wolfgang Koester joined Maria Bartiromo, Fox Business Network (FBN) Anchor, on “Mornings with Maria” along with FBN Financial Correspondent Jackie DeAngelis, Fox News Contributor Joe Concha and President of Through the Cycle John Lonski, an expert in US and Global economy, to discuss Lowe’s earnings performance and related guidance on the market....
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Using APIs to Streamline Investing

In today’s dynamic market environment, treasury practitioners must frequently adapt to change while not losing sight of key fundamentals—managing cash, liquidity and investments. Investments can be especially challenging—which is why some organizations are looking to APIs to help streamline the process. At KyribaLive 2022, MetLife, Kyriba and ICD participated in a panel discussion on how APIs drive...
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APIs: More Than Just Bank Connectivity

A recent study by research firm IDC identified that 90% of finance leaders have already implemented or expect to incorporate APIs within their financial technology stack. With global banks continuing to open their platforms to customers and FinTech apps, it is for good reason that CFO’s expectations should be high. And while bank connectivity is...
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The Currency Winds Have Shifted

After Kyriba’s Q1/2022 “Currency Impact Report” showed FX boosting multinationals’ earnings by more than $9 billion, the Q2 report shows that currency headwinds reduced corporate profits by a total of $4.56 billion in North America alone.
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Press release: Kyriba: companies report $11.21bn in FX impacts

This quarter’s Currency Impact Report from Kyriba reveals North American multinational corporations lost $4.56 billion in the last quarter due to currency volatility, led by a surge in the Canadian dollar against the Euro and Yuan.
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Currency risk set to double or triple – Kyriba report

A three-quarter trend of falling FX impacts came to an end in the final quarter of last year, as corporates surveyed by Kyriba reported a 390% increase in headwinds from currency volatility.
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Travel and Hospitality

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Transportation

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Insurance

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Higher Education

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Healthcare

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Energy

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Consumer Goods

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Open Banking

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Cash Flow Exposure

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Kyriba Demo Webinar: On Demand, On Your Time.

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.
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Proactive Threat Defense for Liquidity and Payments

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.
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US Corporates Suffer as Dollar Soars: More Pain to Come?

The latest quarterly Currency Impact Report from Kyriba finds that US corporations saw a 390% increase in currency headwinds in the last quarter of 2021, compared to the previous quarter. Perhaps of more concern to these firms, the dollar bull run, which started in Q4 2021, has accelerated, suggesting future impacts could be even higher.
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Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency

AI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention Atlanta, GA – May 12, 2022 – Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey. The survey’s questions probed NBFIs on their plans, activities, and priorities and gathered details ranging from account use to AI/ML adoption...
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Midsize Companies Embrace Treasury Technology

Despite the continued economic and geopolitical uncertainty that continues to loom over the world, midsize companies have optimistic perspectives on the future. A recent study by Capital One and Morning Consult of over 400 midsize decision-makers indicated that 86% of respondents are plan to grow, while only 2% plan to downsize.1 Many organizations are looking...
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Corporate Currency Headwinds Continue to Rise

The latest Kyriba Currency Impact Report which chronicles the impact that currency volatility and currency moves has on reported corporate financial results documents pretty much what was expected. Net/Net, with dollar strengthening and more volatility, the number of corporates reporting currency headwinds has shot up significantly. Corporate Currency Risk Management: A very challenging market with...
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Kyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted by $11.21 Billion in Total FX Volatility

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, reveals $11.21 billion in total impacts to earnings from currency volatility.
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Kyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted by $11.21 Billion in Total FX Volatility

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, reveals $11.21 billion in total impacts to earnings from currency volatility.
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Kyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted By $11.21 Billion in Total FX Volatility

Quarterly Report Reveals North American Corporations Suffered $4.56 Billion in Headwinds SAN DIEGO – May 12, 2022 – 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...
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The Morning Ledger: Hot Job Market, Strong Demand for CFOs Strain Due Diligence

$4.56 billion: The amount of money that North American companies lost during the first quarter due to currency-related volatility, according to Kyriba, a treasury management software company.
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Press Kit

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Dana-Farber Cancer Institute Achieves 83% Productivity Improvements and $925K in Annual Value Realized

Dana Farber Cancer Institute implemented Kyriba after years of operating cash management and accounting in an ad hoc manner: Doing what was necessary but relying on significant manual processes and disparate systems. Behind their industry peers in process maturity, Dana Farber worked with Kyriba to quickly change all that. “In all these areas we’ve grown...
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Analysis: Dollar’s surge spurs currency hedging by U.S. companies

U.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to multi-decade highs. The dollar has climbed about 15% against a basket of currencies over the last year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback’s safe-haven...
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Currency Impact Report: May 2022

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.
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Walker & Dunlop Reaches Peak Performance with Kyriba Visibility and Payments Factory

“I am awed by how much my company is benefiting from Kyriba and how much we have accomplished since going live. Kyriba’s ability to automatically load our BAI files directly from the banks has saved countless hours from needing to login to banks each day for balances and transactions. We have a significant number of...
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Is there an ideal structure for treasury teams?

How should treasury teams best structure themselves to ensure they can cover each critical task? Sally Percy finds out Steve Jobs, the late founder of technology giant Apple, once said: “Great things in business are never done by one person. They’re done by a team of people.” That principle applies just as much to treasury...
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Company

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Oracle

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Information Technology

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Office of the CFO

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Public Sector

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Technology

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Chemicals

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Solutions

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FX Exposure

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ERP Migrations

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Banks

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not ready modules

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Episode 19: Creating Impact with AI, Automation and Empowerment

*Accepting cookies will allow the podcast player to be displayed. Creating Impact with AI, Automation and Empowerment This episode features an interview with Maarika Paul, Executive Vice President and Chief Financial and Operations Officer at Caisse de Dépôt et Placement du Québec (CDPQ), talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital...
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Baxter: Utilizing Dashboards to Elevate Visibility

For nearly a century, Baxter has been at the critical intersection of saving and sustaining lives, driven by innovation to transform global healthcare. With global operations in over 35 countries, Baxter put Kyriba to work to centralize visibility, develop global standardized cash management processes and centralize payments into one portal globally for tens of thousands...
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Bray International’s Path to Cash Visibility

Bray International, one of the world’s leading manufacturers of flow control and automation products, was mired in spreadsheet chaos. With limited visibility into global cash positions, Bray found itself bogged down by inefficient processes. During a session at Kyriba Live 2022, Morty Mandel, VP, director of finance for Bray, discussed how Kyriba helped his company...
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The Role of APIs in Strategic Cash Forecasting

Cash forecasting has undergone some substantial changes over the past couple years. While forecasting has always been important, the COVID-19 pandemic highlighted just how critical it is, and why CFOs are prioritizing it more than ever. In a recent webinar, Bob Stark, global head of marketing for Kyriba, and Lisa Husken, value engineer at Kyriba,...
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Working Capital Optimization

Fraud Detection Scenarios Kyriba offers both dynamic discounting and supply chain finance programs to improve financial performance Dynamic discounting programs reduce cost of goods sold through the direct discounts earned from suppliers, increasing net income while simultaneously improving the return on excess cash liquidity. Supply Chain Finance, also referred to as reverse factoring, facilitates term...
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Kyriba for Midsize Companies

Kyriba for Midsize Companies is a scalable solution for companies looking to eliminate their manual and errorprone spreadsheet-based cash management program and replace it with an automated, easy-to-use system. With a cost-controlled approach and easy go live, Kyriba for Midsize Companies’ cash and liquidity capabilities can be up and running quickly, giving more time back...
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Your Investment Workflow is Taking Too Long

APIs create more value for finance and treasury through expanded coverage of essential functions and processes beyond connectivity and payments. Cash positioning, liquidity forecasting, trading, and risk management are becoming readily available and are creating more value operationally and strategically. CFOs and Treasurers willing to move away from older, antiquated methods of integration and embrace...
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Vision, Values, and Culture

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Treasury Tech Update: Finastra, Kyriba, Microsoft and more

Cloud treasury and finance solution provider Kyriba has announced 24 new ERP API solutions that enhance access to real-time payments, enterprise liquidity management and resiliency against global economic disruption.
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Kyriba and ICD Launch API to Power Automation, Liquidity Insight Across the Investment Workflow

Kyriba Marketplace Offers Easy to Use, Self-serviceable API Development for Clients and Partners. Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced the launch of a new API connector with ICD, an independent portal provider of money market products, to deliver real-time visibility of cash and short-term investments for CFOs and...
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Kyriba and ICD Launch API to Power Automation, Liquidity Insight Across the Investment Workflow

Kyriba Marketplace Offers Easy to Use, Self-serviceable API Development for Clients and Partners SAN DIEGO – April 28, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the launch of a new API connector with ICD, an independent portal provider of money market products, to deliver real-time visibility...
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APIs Drive Enterprise Value

A recent study by research firm IDC identified that 90% of finance leaders have already implemented or expect to incorporate APIs within their financial technology stack. With global banks continuing to open their platforms to customers and FinTech apps, it is for good reason that CFO’s expectations should be high. And while bank connectivity is...
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CFO tech updates: PwC, Workday, Kyriba and more

On April 14, Kyriba announced 24 new API connectors offering real-time connectivity and multiple bi-directional workflows to help finance teams accelerate liquidity management, eliminate fraud and support business continuity.
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Kyriba Marketplace

Kyriba helps companies manage their liquidity, through a unified set of innovative products across treasury, risk, payments, working capital and connectivity. The Kyriba Marketplace is an API-driven global liquidity network offering apps, data and connectivity to our customers, partners and developers. Developer Portal The Kyriba Developer Portal is the hub for both clients and developer...
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BASF’s Creation of a Universal FX Program with Kyriba Risk

BASF creates chemisty for a sustainable future. They combine economic success with environmental protection and social responsibility. “With Kyriba, we implemented a tool that helped us achieve visibility into our global currency risk and FX position with the touch of a button.” Roland Heisecke, Director Treasury Risk Management, BASF SE   The BASF Challenge BASF’s...
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Trendspotting FX-Part 2: How CBDCs are evolving, and what companies should be doing to prepare.

Kyriba’s “Currency Impact Report” released earlier this year found that in Q3/2021, North American businesses mostly experienced “tailwinds”—swings in foreign exchange (FX) that increased their earnings per share by 4 cents on average. Treasury & Risk spoke with Kyriba’s chief evangelist, Wolfgang Koester, about what that result should mean for corporate FX strategy.
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Kyriba Accelerates Access To Services In Real Time

Kyriba, a global leader in cloud-based financial and IT solutions, has announced 24 new live and fully integrated API connectors with Kyriba’s cloud platform, accelerating access to real-time services, payments, business liquidity, and optimization. remove resilience in the face. global economic disruption.
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Payments Fraud Detection

Payments fraud continues to be a top concern for organizations. Fully 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before, according to the Association for Financial Professionals (AFP). CFOs and treasurers clearly require a more complete set of payments controls to stop fraud altogether....
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Kyriba Working Capital

Kyriba offers multiple early payment programs to improve financial performance. Dynamic Discounting reduces cost of goods sold through the direct discounts earned from suppliers, increasing net income while simultaneously improving the return on excess cash liquidity. Supply Chain Finance facilitates term extension on payables, preserving cash for longer on the balance sheet and increasing free...
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Trendspotting FX-Part 1: Complacency emerges as a significant risk in Kyriba’s latest “Currency Impact Report.”

Part 1: Complacency emerges as a significant risk in Kyriba’s latest “Currency Impact Report.” Kyriba’s latest “Currency Impact Report” estimates that North American companies experienced $9.32 billion in currency tailwinds late last year.
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Elevating Enterprise Liquidity at WeWork & Hunt Companies

Technologies like AI, RPA and APIs have the potential to transform treasury and finance from a manual, process-heavy function to a streamlined, efficient machine. But without a well-thought-out, data-driven strategy, these are solutions in search of a problem. In a panel session at Kyriba Live 2022, representatives from Kyriba, WeWork and Hunt Companies explored how...
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Partner Ecosystem

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APIs: A Bridge to the New Decade

Although digital transformation efforts are well underway and SaaS is a proven paradigm, legacy solutions are still among us. They manifest via mainframes, older versions of ERP systems and internally developed core platforms. These systems seem to survive many rounds of digital transformation efforts and maintain a persistent following. Although there are often solid reasons...
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Kyriba Announces 24 New ERP API Connectors

Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity management and optimizing resiliency against global economic disruption.
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Midsize Companies

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Industries

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Episode 18: How Advanced Technologies are Driving Business Resiliency

*Accepting cookies will allow the podcast player to be displayed. How Advanced Technologies are Driving Business Resiliency This episode features an interview with Kevin Permenter, Research Director at IDC, talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Kevin discusses improving the efficiency of data management,...
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Societe Generale Introduces Payment & Transaction Banking Accelerator

Payment & Transaction Banking Accelerator will support startups working on cash management and trade finance. The six-month incubation period will start in September 2022. In June last year, Societe Generale collaborated with Kyriba, a cloud-based finance and IT solutions provider, for the launch of a new treasury management solution.
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Kyriba Announces 24 New ERP API Connectors to Accelerate Liquidity Management and Support Business Continuity

Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity management and optimizing resiliency against global economic disruption.
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Kyriba Announces 24 New ERP API Connectors to Accelerate Liquidity Management and Support Business Continuity

APIs connect SAP, Oracle, and Microsoft ERP Customers to over 1,000 Banks for Real-Time Payments, Fraud Detection, Cash and Treasury Risk Management SAN DIEGO – April 19, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced 24 new API connectors are live and fully integrated with Kyriba’s cloud...
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Kyriba Introduces a Range of API Connectors to Its Cloud Platform

The cloud-based finance and IT solutions company Kyriba has launched 24 new API connectors within its platform, accelerating access to real-time payments, enterprise liquidity management and optimising resiliency against global economic disruption.
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Data key for treasurers as they focus on cash visibility and control

The pandemic and ongoing volatility is testing treasurers as never before, but greater leveraging of their data can help them better navigate the turmoil. Treasurers need for visibility, optimised working capital and control over enterprise liquidity has never been greater thanks to the pandemic and ongoing market volatility resulting from the war in Ukraine.
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Stay Out of the Headlines: Reduce Payment Fraud

According to the 2022 AFP Payments Fraud and Control Survey, 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before. As payment fraud continues to be a major concern for all types of organizations, state and local governments in particular are experiencing an increase in...
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A Guide to Payments Fraud Detection

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.
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Launching Kyriba Client Academy

Kyriba Academy Programs The Kyriba client certification program is available both on demand and in person. 4 Different Paths Designed to Support Different Needs. New to Treasury Designed for users new to the treasury space who want to increase their basic treasury knowledge End User Knowledge Provides a basic understanding of how to leverage and...
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Effective API Strategies Go Beyond Banks & Payments

Bank Connectivity is Only the Beginning of the Transformation Journey CFOs looking to optimize their processes and systems view APIs as a gateway to enterprise-wide liquidity and the organization’s financial capabilities and health. Finance transformation starts with bank connectivity, leading to real-time decision-making, but the opportunities do not stop there. Bank connectivity and payments help...
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Payments

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Product Overview

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Best in Class Treasury Solution in the PRC Aihuishou International Company Ltd

Aihuishou International Co Ltd is a pre-owned consumer electronics transactions and services platform in China. The company focuses on the recycling business of electronic digital products such as mobile phones and notebooks.
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Treasuries Focused on Transformation

An IDC study shows why so many treasury organizations need transformational change, including rolling out a “unified liquidity management strategy.”
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CA Consumer Privacy Act – Opt Out

For California residents, and to the extent Kyriba sells your personal information as the term “sell” is defined under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information by us to third parties at any time. You may submit a request to opt-out by completing this...
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Ethics & Legal Compliance

Ethics & Legal Compliance Kyriba Code of Business Conduct Business Partner & Vendor Code of Conduct Anti-Bribery and Corruption Policy Anti-Slavery and Human Trafficking Policy Environmental, Social & Governance Policy Global Sanctions Export Policy
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Kyriba Technology Platform Customer Privacy Notice

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Notice of Right to Opt-Out of Sale of Personal Information for California Residents

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Kyriba April Demo Webinar

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 analyitcs and visualizations and next wave connectivity strategy with Award Winning API’s, Kyriba is helping customers realize real-time liquidity. Learn how Kyriba can...
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Utilities: Managing Liquidity in an Evolving Industry

Utilities in North America are undergoing a period of rapid change that is presenting new challenges and opportunities. As utilities’ needs evolve, so too must traditionally labor-intensive treasury and cash management processes. With advancements in technology and growing investment in decarbonization, electrification, and green energy, utilities are reimagining their approaches to providing services. At the...
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Kyriba Business Intelligence

Kyriba Business Intelligence delivers integrated visual dashboards and pre-built analytics for Kyriba Cash, Payments, Risk Management, Compliance and Supply Chain Finance modules and data. Business Intelligence goes beyond traditional reporting by offering on-demand drill down, dashboard editing, and a transformed visual experience for presentation-ready information sharing. According to a survey by CFO.com, data visualization and...
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Global Survey Validates the Emergence of a New Practice Area in Enterprise IT Valued at $30 Billion

Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800 corporate finance executives validate the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working...
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A Guide to Digital Banking Trends for CFOs in 2022

Today’s CFOs are facing increasing levels of market uncertainty that can have a major impact on their ability to stabilize or grow their business. Compounded by operating in a fast-evolving digital banking landscape, there is no end to the number of business decisions finance leaders must make.
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Global Survey Validates the Emergence of a New Practice Area in Enterprise IT Valued at $30 Billion

Corporate Leaders are practicing Enterprise Liquidity Management to protect balance sheets, drive new post-pandemic growth opportunities SAN DIEGO – PARIS, March 24, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800...
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A New Practice Area Emerges for CFOs: Enterprisewide Liquidity Management

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.
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Episode 17: How to Build a Strategic Technology Solution for Modern Finance Leaders

*Accepting cookies will allow the podcast player to be displayed. How to Build a Strategic Technology Solution for Modern Finance Leaders This is a special episode featuring an interview with Thomas Gavaghan, the Vice President of Global Pre-Sales at Kyriba talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public...
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Microsoft Dynamics 365

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Treasury Opportunities in Strategic Cash Forecasting

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.
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Securing Your Financial Data with Kyriba

How We Support Your Organization With a proven track record over more than 20 years in Treasury and Finance SaaS solutions, our extensive, advanced protection for your data, security, controls, and your operational processes will keep your firm protected. Kyriba’s Cyber Defense Center Kyriba’s Cyber Defense Center, staffed with experienced professionals provides 24/7, global, follow...
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Russia-Ukraine war highlights the need for strong FX risk management

The Ukraine crisis has led to a surge in FX volatility following the strict economic sanctions placed on Russia from countries around the world, increasing the need for strong currency risk management for corporates to protect their bottom line, according to experts. “In such times managing your currency exposure is paramount in the here and...
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Oracle Cloud Payments Integration Highlights

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5 Ways Treasurers Can Overcome Today’s Challenges

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.
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Public Sector: Treasury Management & Bank Connectivity Solutions

Treasury and Payment Management for Government Agencies Kyriba empowers government agencies to achieve 100% daily cash visibility, accurate and flexible cash forecasting, debt & investment management, business intelligence, fully-managed bank connectivity, and fraud detection through our cloud-based cybersecurity and financial software solution. “We saw massive attempts of attempted fraud – organizations trying to sell items...
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5 Steps to Gaining Clearer Cash Visibility

Lack of visibility and insight into your company’s full cash and liquidity leaves treasury and the greater finance function in the dark. From small domestics to MNCs with complex banking structures and a sprawling geographic footprint, cash and liquidity is still king, particularly in today’s economic and operating environment.
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Volatile FX markets aren’t going away, warns Kyriba’s latest report

The Global Treasurer spoke with senior strategist at Kyriba, Wolfgang Koester, to discuss the key findings from the company’s latest Currency Impact Report and how corporates can manage $12bn in currency impacts to earnings from FX volatility.
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Best Treasury and Cash Management Providers 2022: Systems And Services

Kyriba awarded BEST TREASURY MANAGEMENT SOFTWARE. As a pioneer in treasury SaaS, Kyriba challenged the naysayers who describe SaaS as a watered-down version of a fully fledged TMS.
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Accelerating M&A Day 1 Readiness with API-Integrative Solutions

M&A projects can take advantage of faster connections and more flexibility with open API platforms to speed integrations and be ready for Day 1 with less risk and cost. Across the wide span of finance functions required to start an M&A migration for Day 1 readiness, APIs are the way to speed M&A integration across...
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Remote TMS Implementations: Ensuring Success

Remote Treasury Management System (TMS) implementations are a large and complex undertaking. However, with proper planning, organization, and understanding, collaborating teams are able to streamline operations and deliver a plethora of benefits to treasury departments that decide on a remote implementation.
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When Is the Right Time to Move to APIs?

Application programming interfaces (APIs) have the potential to revolutionize the treasury and finance function. But when is the time to move to APIs, and when is file transfer protocol (FTP) still sufficient? Let’s explore the use cases for APIs and when it is appropriate to begin using them. We’ll also look at areas where FTP...
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How treasurers can optimise FX risk management in 2022

According to recent research from Kyriba, although the collective negative impact of foreign exchange exposures was down in Q3 of 2021 compared to the previous quarter, FX volatility is trending upwards again and is expected to continue for the remainder of the year. Against a backdrop of “supply chain disruption, currency volatility and inflation”, CFOs...
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Mid-Market and Small Companies Fuel Sustainable Growth with Supply Chain Finance

Crucial Role of Small and Medium Size Enterprises (SMEs) for Global Economic Development With Supply Chain issues creating shortages across the globe, it is more and more evident that SMEs impact economic development for a broad spectrum of countries. “There has been a clear and decisive global shift to trade on open account terms. This...
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Kyriba Recognized by Global Finance Magazine’s Annual FX Tech Awards for Best TMS Provider with FX Module, Best Solution for FX Cash-Flow Hedging

San Diego – Dec. 3, 2021 – Kyriba Corp.Kyriba Corp. (“the Company”), a global leader of cloud-based finance and IT solutions, has been recognized for its FX Risk Management solution as ‘Best TMS Provider with FX Module’ and ‘Best Solution for FX Cash-Flow Hedging’ in Global Finance Magazine’s Gordon W. Platt 2022 Foreign Exchange Awards....
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Kyriba Conference Elevates Enterprise Liquidity to Accelerate Growth

KyribaLive 2022 North American User Conference April 6-7 Reveals Client Success Stories, Client Awards and Product Intelligence San Diego – February 28, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced its 2022 user conference, KyribaLive, that brings together visionary leaders who have innovated new practices and leveraged...
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Kyriba Bank Connectivity Cockpit

Bank Connectivity and Balance Monitoring in One Powerful Dashboard Finance teams rely upon critical daily banking information for insight into cash and liquidity. Yet monitoring bank connection status, variance troubleshooting and reconciliations between bank/cash balances across multiple banks can be burdensome. As the market leader in bank connectivity, Kyriba gives its customers a powerful new...
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Bray International Realizes 100% Cash Visibility and 97% Productivity Gains

“Kyriba provided a great tool that allowed us to delever nearly 30% just by knowing where our cash was, where it was needed, and getting it there in the most efficient manner, eliminating needless borrowing. We are a very satisfied client. We utilize Kyriba every day. Kyriba is one of the easiest and most robust...
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Financial Transactions

Kyriba’s Financial Transactions modules support the tracking and management of debt, foreign exchange, interest rate and investment transactions through a centralized dashboard available to the treasury team and other departments. Kyriba’s Financial Transactions modules, as part of Kyriba’s Treasury Management System, provide complete workflows and flexible reporting capabilities across all transaction types, meeting your organization’s...
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Lifespace Communities Sees Immediate and Significant Savings with Kyriba

“Where we have already seen a significant time-savings has been the payments module. In just a few months, having all the feeds into the system from various banks and ERPs, and automatically creating reports and payments from those reports has shown incredible value to our organization. It has been night and day from where we...
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Liquidity Strategies for Stronger Supply Chains

What supply chain impact did your team have to manage in the past year? In the recent webinar Mitigating Supply Chain Risk: Best Practices by CFOs and Treasurers, with Kyriba’s Bob Stark and Cenveo’s VP of Treasury Services, Benjamin Seal, the audience of 100 financial professionals was asked this very question. The results? It’s no...
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DTMidstream’s Treasury Transformation: Automation, Centralization, and Visibility

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...
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The Kyriba and BlackLine Partnership

Greater Integration, Connectivity and Reporting with Kyriba and BlackLine Kyriba and BlackLine are partners delivering customers greater cash visibility and reporting capabilities from the bank all the way to the general ledger. Our customers benefit from this partnership through enhanced, automated bank and treasury reporting delivering access to better information. Kyriba connects BlackLine customers directly...
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Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

Kyriba today announces that Barilla has selected the Kyriba enterprise liquidity management platform to support its treasury, risk management and supply chain finance.
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Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

San Diego, Milan (Italy) -February 15, 2022 – Kyriba, (“the Company”) a global leader in cloud treasury, payments and finance solutions today announced that Barilla, a leading global food company, has selected the Company’s Enterprise Liquidity Management platform to support its treasury, risk management and supply chain finance operations. The integration will centralize Barilla’s multiple...
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Episode 16: Optimizing Liquidity through Digital Transformation

*Accepting cookies will allow the podcast player to be displayed. Optimizing Liquidity through Digital Transformation This episode features an interview with Benjamin Seal, Vice President of Treasury Services at Cenveo talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Benjamin discusses how he uses digital approaches...
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Koch Industries: Using Technology to Drive Treasury Transformation for Global Cash Visibility

How one of America’s largest privately held companies put Kyriba technology to work to centralize Treasury functions and achieve strategic level maturity. In 2018, Koch Industries worked with Kyriba’s Value Engineering team to perform a process maturity assessment for their treasury and finance functions. What they uncovered was a definitive need for a TMS to...
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Low currency impact for corporates in recent quarters, but inflation looms

A recent Kyriba report found currency fluctuations to have a milder impact in 3Q21 compared to earlier quarters, but Asian ex-rates – especially the yuan – should be closely monitored, warns strategist.
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Kyriba’s Currency Report Released, $11.98 Billion Was the Total Impact from FX Volatility

Companies reported $9.86 billion in tailwinds and $2.13 billion in headwinds. The Average Earnings per Share (EPS) of US companies rose to $0.04.
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US CFOs report supply chain and currency FX volatility

Kyriba Currency Impact Report reveals nearly US$12bn foreign exchange volatility as supply chain disruption, currency volatility and inflation test CFOs.
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Deep-Tier Finance through NFTs is the Key to Solving Supply Chain Challenges

Over the course of the past year, B2B supply chains have been under very cautious observation. The Suez Canal blockage of May 2021 is a clear indicator of how easily global trade can be severely disrupted; when 12% of global trade passes through the canal and an accident with a single container ship is enough...
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Kyriba Lease Accounting

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 accounting standards like IFRS16. Kyriba can help overcome the pain of lease accounting compliance by offering a centralized cloud portal to consolidate lease reporting, classify leases according to...
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FX Provides Revenue Boost for US Companies

The latest quarterly Kyriba Currency Impact Report, which details the impacts of FX exposures among 1,200 multinational companies based in North America and Europe, reveals $11.98 billion in total impacts to earnings from currency volatility.
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Currency hit to North American companies in Q3 lowest since 2018

The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday.
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Daily API RoundUp: Kyriba

Kyriba is SaaS Treasury Management software. The Kyriba APITrack this API enables developers to connect to the Platform and integrate open banking services into their own applications. API methods are available to manage bank accounts, bank branches, bank groups, statement balances, cash balances, companies, data, permissions, hedge dedesignations, suppliers, users, and more. API and Documentation...
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Infographic: APIs -The New Standard for Connectivity

The problems associated with spreadsheets are well documented, yet many treasury professionals continue to overlook these shortcomings when it comes to running their overall treasury operations.
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Kyriba Bank Connectivity as a Service

As bank clients continue to invest heavily in state-of-the-art enterprise resource planning (ERP) systems, integration with those systems has never been more imperative. Unfortunately, the assimilation process is typically very labor-intensive for both banks and corporates with integration projects often lasting 6-12+ months… But there is a better way. Kyriba can reduce time spent on...
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Kyriba & NetSuite API Integration Certification

Unleash the Power of Liquidity Management with Oracle NetSuite & Kyriba Why NetSuite Certification Matters Kyriba, certified by Oracle as “Built for NetSuite,” uses NetSuite Web Services APIs to give confidence to Oracle customers that together we can deliver successful outcomes. Kyriba’s certified Oracle NetSuite partnership is a natural evolution of the longstanding relationship between...
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Kyriba Payments Network for Oracle Cloud

Simplify Oracle Payments Kyriba Payments Network accelerates Oracle payments and bank connectivity projects, eliminating project risk and drastically reducing connectivity costs. Supporting 1,000+ Oracle customers, Kyriba centralizes payment activity, fully manages bank connectivity and delivers superior fraud detection and visibility to de-risk Oracle payment projects. CIOs increasingly report that new fraud prevention safeguards, generating XMLISO20022...
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Currency Impact Report: January 2022

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.
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Kyriba’s Currency Impact Report Reveals $11.98 Billion in Total FX Volatility in Earnings for North American and European Multinational Corporations

Quarterly Report Identifies FX Vulnerability for North American Corporations Quantifying $9.32 Billion in Tailwinds San Diego – February 9, 2022 – 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, reveals $11.98 billion in total impacts...
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Kyriba Payments Network

Kyriba offers a global pre-connected, multi-bank payments network delivering accelerated payments, bank and ERP connectivity projects, mitigating fraud risk and increasing flexibility and agility for organizations of all sizes. The Kyriba Payments Network centralizes payment activity within one Payments Hub, automating unnecessary tasks, enhancing controls through superior fraud detection and error handling, while giving customers...
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Kyriba on Fox Business Network: Current Market Volatility Underscores the Importance of Managing Cash Flows

Kyriba’s Wolfgang Koester joined Maria Bartiromo on Fox Business Network providing his views on the importance of managing balance sheets and cash flows for CFO’s especially during times of market volatility and uncertainty.
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Four Ways Data Drives Digital Transformation Success

Digital Transformation quickly became one of the most popular buzzwords of the COVID era as leaders struggled to navigate the applications, virtualized experiences, and new practices required to enable and manage a remote workforce fully.
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Episode 15: Assessing Risk Through Data-Driven Insights

*Accepting cookies will allow the podcast player to be displayed. Assessing Risk Through Data-Driven Insights This episode features an interview with Danielle Murcray, CFO at AttackIQ talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Danielle addresses building relationships with CEOs, tackling cybersecurity and fraud, as...
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Corporate Treasury’s Adoption of Real-Time, Instant Payments

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.
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Treasury’s Checklist for Oracle Cloud Migrations

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).
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The Real Costs of Spreadsheet Reliance in Treasury

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.
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Why Corporate Working Capital Strategies Have Significantly Changed Focus

Shifts in Corporate Focus The Kyriba Working Capital team has seen a dramatic increase within the last eighteen months in the number of organizations exploring working capital solutions, or looking to expand on their existing programs and related solutions. When we evaluate payables optimization the main draw for supply chain finance (SCF) programs since the...
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Treasury doesn’t have to lose out to FP&A on forecasting

CFOs have been placing a higher priority on strategic cash forecasting over the last few years. But while one might assume this means treasury is becoming more involved in company strategy, we’ve been hearing quite the opposite from many of our clients.
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Kyriba Ranked as the Leading Treasury Management Solution by Global Finance Magazine

Kyriba has been ranked as the leading cloud-based finance “Treasury Management Software” and “Best Open Banking Treasury Solution” by Global Finance Magazine. Kyriba delivers continuous innovation and value across our products and enabling capabilities of Connectivity, Payments, Treasury, Risk, and Working Capital. “We are honored that Global Finance has recognized the innovation of Kyriba’s Treasury...
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Kyriba Awarded World’s Best Treasury Management Software and Open Banking Treasury Solution by Global Finance Magazine

Global Leader of Cloud-based Finance and IT Solutions Recognized for innovation in cash and liquidity optimization, ability to drive resiliency, and unify data across the enterprise San Diego – January 20, 2021 – Kyriba Corp. (“the Company”), , a leading cloud-based finance software, has been recognized as “Best Treasury Management Software” and “Best Open Banking...
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Treasury for Real Estate: DigitalBridge’s Story

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...
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Episode 14: How CFOs Drive Strategy and Manage Uncertainty

*Accepting cookies will allow the podcast player to be displayed. How CFOs Drive Strategy and Manage Uncertainty This episode features an interview with Laurie Krebs, CFO at Red Hat talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Laurie discusses supporting other women in finance, developing...
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The Top 5 Trends for CFOs in 2022

This past year has offered us many lessons; some bright and full of optimism balanced with other experiences that are best left behind us. Looking forward, there is much to draw from as we look towards a positive 2022. In finance and technology, many trends developed that can be built upon, making for a successful...
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SCF White Label for Financial Institutions

As Supply Chain Finance Evolves and Grows, Stay Ahead of the Curve Now more than ever, CFOs and senior finance leaders are turning to Supply Chain Finance to stabilize their supply chains and minimize risk of disruption. Demand for working capital solutions continues to grow, and so do the market options. To compete more effectively,...
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The Myths and Truths of Government Payment Fraud

Payment fraud continues to be a silent crisis for the public sector. In addition to the potential loss of taxpayer funds, government agencies are also facing the negative press, reputational damage, potential impact to credit ratings, and decreased public confidence as a result of such impropriety.
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Untapped Working Capital at Emerging Enterprises

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.
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How to Implement a Best-in-Class Balance Sheet Exposure Management Program

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.
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Winning the War for Finance Headcount Retainment

In the 2000s, many finance teams still enjoyed the stability of long-term, seasoned employees that were groomed as part of rotational cross-training programs. These programs ranged from entry-level to management programs for developing leaders. Employees would spend 12 to 18 months in a very specific area, like intercompany or treasury accounting, and then either move...
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2022 Predictions and Trends

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...
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Kyriba on Fox Business Network: Central Banks Will Issue Their Own Electronic Currency

Kyriba’s Wolfgang Koester joined Maria Bartiromo on Fox Business Network providing his views on volatile market conditions and the potential of a digital currency. CFOs who have access to data in real-time, and a clear view of their liquidity will be able to make more informed decisions on a daily, weekly, quarterly basis. Companies that...
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Kyriba Balance Sheet Exposure Reporting

Kyriba Exposure Reporting is a cloud-based currency exposure management platform that enables treasury professionals to measure, monitor and manage currency exposure and the associated risk from their balance sheet. Streamline and automate your end-to-end FX program with the data you need to measure, monitor and manage currency exposure and the associated risk from your balance...
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Delivering Technology Leadership for Your Transaction Banking Services

Expand Your Banking Products and Services for Treasury, Payments, Connectivity, and Working Capital. Trusted by more than 2,500 customers, Kyriba White-label Services for Banks delivers value and expanded product coverage for cash and liquidity, payments, connectivity, financial transactions, risk management and working capital to your corporate customers and prospects. Whether your bank is a full-service...
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Kyriba Enterprise Connectivity

Kyriba Delivers Quick and Easy Connectivity and Integration for Your Systems Kyriba’s in-house, leading Enterprise Connectivity as a Service gives our customers a complete connectivity solution encompassing ERPs, internal financial systems, third party providers, and over 1,000 ‘out-of-thebox,’ pre-configured, pre-tested connections with financial institutions across the globe. Kyriba’s solution includes application processing interfaces (APIs) delivering...
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Starter’s Guide to Treasury Management Systems

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’...
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Digital Payments Transformation for 2022

Instant payments, payments fraud, and pandemic-led digital payments transformation projects have changed the B2B payments journey for CFOs and CIOs. IT teams recognize that new connectivity methods, such as APIs, are required to integrate their ERP platforms with banks, neobanks, and non-bank payment channels while finance departments are seeing the value of new options for...
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A Treasure in Retail

“When I joined Macy’s, we as a treasury department implemented a treasury platform called Kyriba, which essentially consolidated all of our bank reporting and automated that into a single electronic platform,” Douglas Brauch, Macy’s VP of treasury and insurance said.
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Kyriba Cross-Border Payments

Transform how you pay foreign currency payments for greater transparency and control. Kyriba and Standard Chartered Bank transform how their customers make cross-border payments. A unified, robust payments process provides greater visibility of transaction costs, enhanced controls and potential cost savings through process automation. The new API connector built together by Kyriba and Standard Chartered...
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Kyriba LIBOR Fallback Rate Calculation

Some tenors of LIBOR will continue to be produced on an unrepresentative, ‘synthetic’ basis, however, contractually, fallback rates will still apply. The new fallback rate may be higher or lower than LIBOR and may result in a transfer of value, either to your company or your counterparty. For that reason, rather than relying on fallback...
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Libor Expiring: What Do We Do?

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?
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Healthcare Best Practices for Treasury Transformation

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.
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Kyriba Announces the Appointment of an Executive Advisory Board

San Diego – Dec. 9, 2021 – Kyriba Corp. (“the Company”), a global leader of cloud-based finance and IT solutions, announced today the creation of its Executive Advisory Board (“the Board”) comprised of globally recognized leaders who bring a depth of experience and leadership to the Company. The new Executive Advisory Board will play a...
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Too Many Security Alerts? AI-driven Automation Can Ease the Burden and Keep Data Safer

Companies are turning to managed detection and response and automated threat defense tools to give their security teams some backup.
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What is a Payments Hub – and Why Do I Need One?

According to a recent WEX Worldwide survey commented on by Treasury Today – 52 percent of organizations admit to being victims of payments fraud. Many times treasury is directly affected, because their payments were compromised, while other times, the treasurer is pulled into the conversation to fix whatever vulnerability was exploited for someone else’s payment. Regardless of how or why, treasury is being asked to provide better payments solutions by the CFO, CIO and CISO. Payment hubs provide that answer, in that they offer the global visibility and standardized controls that are so necessary to ensure that every payment is handled in a consistent manner regardless of geography, payment type or who requested it. Payment hubs, which were the subject of a new e-book, ensure payment workflows comply with the organization’s payment policy. Additional reading: 15 Minute Guide to Payment Hubs This is why CIOs are demanding that payment hubs (depicted below) be implemented and are often asking treasury to take charge. What a payments hub should look like – Here’s a graphical representation of a payments hub, including external inputs, key functions, payment types, connectivity and more.  When treasury does lead the initiative for a payment hub, they found the following benefits: Standardization The key to eliminating unauthorized payments – even if accidental in nature – is to ensure a standardized set of controls that prevail without exception. Controls could include payment approval scenarios, extra layers of authentication, procedures if approvers are remote and/or unavailable, and specific actions if modifications to the payment are required. The organization’s payment policy should be digitized and enforced by the payment hub software to ensure these controls are consistently applied. Payment Screening Many organizations require payments to be screened against sanctions lists prior to sending those instructions to the bank. While this is a good practice, screening should not stop there. Payment scenarios – e.g. payments being made outside of approved countries, first payment to a new bank account, irregular payment amounts, etc. – should also be screened in real-time so that any suspicious payments can be stopped and quarantined in real-time to be reviewed by authorized reviewers. As payments continue to diversify across multiple channels (e.g. wires, ACH, checks, B2P, blockchain) and become more real-time, organizations cannot rely on treasury staff scanning every payment in real-time; nor can they expect their banks to be the last line of defense. More sophisticated solutions including robotic process automation, should be leveraged to provide the best possible protection. Fortunately, such solutions are available within most payment hubs. Visibility Many treasury teams struggle with having complete transparency into all outgoing payments before they happen. This issue magnifies as organizations also adopt new request for payment strategies to improve collections. Treasury isn’t learning about payment activity early enough to make effective cash and working capital decisions. Payment hubs, through the consolidation of all payment activity, can provide that visibility to treasury so they can be certain about what payments need to be funded. With this added level of precision, working capital can be reduced and a greater percentage of total cash reserves can be deployed to meet organizational KPIs. In many cases, this may directly affect the CFO and Treasurer’s bonus attainment. Cost Not lost in the myriad of benefits is the fact that payment hubs reduce the cost of managing payments. There are several different ways:
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3 Ways Data Drives Digital Transformation Success

Forbes columnist Benjamin Laker published an interview with Jean-Luc that neatly presents his vision for the future of finance and the importance of enterprise liquidity management. The article identifies ROI, Automation and Intelligence as the core dimensions of success and accelerating business growth with a new combination of people, processes, and data. Forbes Columnist Benjamin...
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Kyriba Recognized by Global Finance Magazine’s Annual FX Tech Awards for Best TMS Provider with FX Module, Best Solution for FX Cash-Flow Hedging

San Diego – Dec. 3, 2021 – Kyriba Corp.Kyriba Corp. (“the Company”), a global leader of cloud-based finance and IT solutions, has been recognized for its FX Risk Management solution as ‘Best TMS Provider with FX Module’ and ‘Best Solution for FX Cash-Flow Hedging’ in Global Finance Magazine’s Gordon W. Platt 2022 Foreign Exchange Awards....
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Enhancing KYC Compliance

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.
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As the Clock Ticks on LIBOR, Many Finance Teams Remain Unprepared

The London Interbank Offered Rate (LIBOR) is poised to lose its status as the global benchmark interest rate at the beginning of 2022. In a little over a month, the UK Financial Conduct Authority (FCA) will no longer compel banks to submit LIBOR quotes. Thereafter, financial institutions will migrate to risk free rates (RFRs). In...
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Kyriba on Fox Business Network: Futures Down Over Omicron Uncertainty

Kyriba’s Wolfgang Koester joined Maria Bartiromo on Fox Business Network to discuss how CFOs can mitigate any market volatility brought on by the Omicron variant. Koester believes companies need to assess how prepared they are from a digital standpoint. Investors are concerned that companies’ ability to generate cash flow and profits might be compromised. CFOs...
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Mitigating Supply Chain Risk: Best Practices by CFOs and Treasurers

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...
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Payments Hub 101: Consolidated and Secure

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...
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Applying Lean Manufacturing Principles to Improve FX Risk Management

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....
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The Fuel Powering Digitization

APIs have been around for some time but their significance is growing in the asset servicing industry as experts say they are the fuel powering digitalisation.
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Corporates on Both Sides of Atlantic Face Dollar Dilemmas

Multinationals are increasingly reluctant to reveal the precise impact of currency fluctuations on their bottom line.
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Two Studies in Easy Cash Investing

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...
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Determining Use Cases for Real-Time Payments

For U.S. corporate treasury departments that are interested in real-time payments, they will first need to determine key uses cases for doing so. Kyriba’s new eBook defines some clear corporate use cases for real-time, as well as barriers to corporate adoption. Determining Use Cases While corporate use of real-time payments has so far been predominantly...
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Episode 13: The Future of Easy, Secure, Instant Payments

*Accepting cookies will allow the podcast player to be displayed. The Future of Easy, Secure, Instant Payments This episode features an interview with Reed Luhtanen, Executive Director of the U.S. Faster Payments Council talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Reed talks about facilitating seamless transactions across a...
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Optimize Liquidity, Reduce Risk, and Unlock Growth

Kyriba’s Enterprise Liquidity Management Platform offers Connectivity, Payments, Treasury, Risk and Working Capital solutions delivering visibility, controls, productivity and data-driven decision making for CFOs and their teams. Delivered through our open API developer platform and Marketplace, finance gains access to new products and services coupled with enterprise-wide integrations with banks, ERPs, third party systems, and...
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Fraud Evolution and the Threat of Deepfakes

Deepfake technology has made headlines over the past several years due its stunning ability to fool its intended audience with doctored photos, video and audio. The software, which can be incredibly convincing, is becoming commonplace in Hollywood movies. But recent advancements in the technology pose a substantial threat to both businesses and individuals. In the...
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APIs: The Conduit for your ERP Transformation

Although many CFOs think of application programming interfaces (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.
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Treasury tech update: EBA Clearing, Kyriba and more

The Global Treasurer’s monthly round-up of treasury tech news, including new partnerships, product launches and people moves.
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AFP Asia-Pacific Treasury Management Handbook: Insights and Best Practices from Industry Thought Leaders

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.
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3 Keys for Treasury Success in Asia

Recently, I had the pleasure of learning more about corporate treasury in Asia during visits to our local offices; meetings with clients in Hong Kong, Malaysia, and Singapore; and by attending several treasury conferences. It should be no surprise that corporate treasury is becoming more sophisticated across Asia as firms continue to demand “best of the best” best practices and scalable, easy to use technology. What I found most interesting about treasury in Asia was: Chinese firms are poised to expand internationally – From a treasury perspective, this interest in growing beyond China has heightened interest in treasury technology that delivers onshore/offshore visibility into cash and currency exposures alongside the need to establish more complex treasury structures such as cash pooling to support onshore/offshore sweeps. Chinese firms are continuing to explore establishing regional treasury centers in Hong Kong or Singapore to align with RMB clearing locations. This is an opportunity where treasury best practices are seen as a significant asset by hiring firms. Automation is not the only goal of treasury technology – Asian-based companies are embracing financial and treasury technology, yet are building ROI models and business justification on variables other than just automation and productivity. With costs of FTEs often much lower than we see in Europe or North America, automation is not the solution to increased workloads. As a result, the driver for technology is implementation of best practices, decision optimization (e.g. improved hedging), and support for treasury transformation. Regional treasury centers are becoming more involved in strategic decision making – Organizations that embrace the opportunity to allow Asian treasury teams to manage key functions (e.g. developing pooling structures or designing hedging programs) are able to deliver more strategic value and drive greater bottom line value than those that try to manage all treasury functions from afar. The knowledge and experience being hired into regional treasury centers, especially in Singapore and Hong Kong, rivals and even exceeds treasury talent in other parts of the world. This expertise is obviously in addition to local knowledge and the ability to work face to face with offshore internal and external partners to treasury. Additional reading: Overcoming Cash Forecastng Challenges: Best Practice Tips for Treasurers Treasury organizations that are already well established in the region already know where the right locations are; how to secure experienced staff; and the importance of adopting world-class treasury technology to ensure global visibility over cash, exposures and financial controls. For organizations considering a greater investment in Asia, it is important to: Choose locations that can offer support in English and local languages, with workable time zones that can also overlap with the head office at some point during the day. Locations that have financial proximity to China (e.g. Hong Kong, Singapore, Macau) are critical so your offshore treasury center is a financial gateway into China itself. Secure experienced staff who not only have global treasury experience, but know how to balance this with local expertise. The right people need to be motivated and trained well, earning new opportunities to leverage their growing treasury knowledge Have the right treasury technology in place that supports global requirements, but also local needs (which could be preferred language, local regulations, specific payment or bank account controls, or dashboards that highlight local treasury KPIs). The reduced footprint offered by the cloud helps, as does the ability for a cloud TMS to enable all treasury offices to support each other to deliver a complete business continuity plan. Asia is an opportunity and those treasury teams that embrace it will be on the road to global treasury success.
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Public Sector’s Playbook for Payment Fraud Protection

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.
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What The Pandemic Taught Us About Liquidity

Information security is among every company’s biggest concerns today. And according to Eric Adams, Chief Information Security Officer at Kyriba, a treasury management software company based in San Diego, California, one of the most challenging segments of that threat is payment fraud.
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Unlocking Real-Time Payments with APIs

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...
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Impact of FX volatility amounts to $27.87 billion in 2Q21

A recently published report highlights the importance of quantifying currency exposure and minimising foreign exchange (FX) risk for corporate treasurers.
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Cenveo’s Liquidity Management Journey

729 hours per month. That was the amount of time that the treasury and finance team at Cenveo – a world-leader in commercial printing – was spending to manage their cash and liquidity. This excessively labor intensive and disparate process prompted Cenveo’s CFO and director of treasury services to request a more efficient and actionable...
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Choosing the Right Supply Chain Finance Program

With ongoing supply chain disruptions happening around the world, Supply Chain Finance (SCF) programs are becoming more attractive to corporate treasury and finance functions short on working capital. But how do you know if an SCF solution is right for your organization? And even if it is, what type of program should you choose? Defining...
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Kyriba Leaps to the TF Rescue

Kyriba – the cloud-based finance and IT solutions group – has launched Kyriba Working Capital Solutions as part of its effort to close the reported $3.4 trillion trade financing gap and help corporate buyers support suppliers, especially at-risk SME suppliers
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Currency Volatility Reaches New Heights of Uncertainty

The Q2 2021 Kyriba Currency Impact Report showed a strong tailwind for many US corporates driven in large part by the strengthening of two main trading currencies for many US corporates, EUR and GBP. Both currencies strengthened steadily through Q2 2021, but currencies have since retreated through Q3 2021, setting up a return of relatively...
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The Morning Ledger: Corporate Minimum Tax Resurfaces as Democrats Hunt for Money

Currency fluctuations during the second quarter boosted 1,200 global companies’ earnings by a collective $23.62 billion, the highest such amount in at least a decade, according to Kyriba Corp., a treasury management software firm.
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The Myths and Truths of Payment Fraud for Government Agencies

Fraud losses are complicated. In addition to potential loss of millions of taxpayer funds, government agencies are also facing negative press, reputational damage, potential impact to credit ratings, and decreased public confidence, making this a silent crisis for Treasurers. At Kyriba we’ve had the opportunity to speak with hundreds of government treasury, finance, and IT...
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Currency hit to North American companies’ results dips in Q2

The negative impact of currency fluctuations on corporate results for North American companies fell in the second quarter of this year from the previous quarter, data from treasury and financial management firm Kyriba showed on Tuesday.
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Kyriba on Fox Business Network: Inflation is an Increasing Problem

Fox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester. He argues that inflation is “an increasing problem” and that it “will impact earnings, but not all negative” and points to the “other problem” related to supply chain disruptions, which is “actually accelerating inflation”.
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Kyriba’s Currency Impact Report Reveals $27.87 Billion in Total FX Volatility in Earnings for North American and European Multinational Corporations

The October 2021 Report Shows Persistent FX Vulnerability for North American Corporations Reporting $22.93 Billion in Q2 Tailwinds San Diego – October 26, 2021 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report that details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, reveals $27.87...
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Currency Impact Report: October 2021

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.
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Kyriba Identified as Best-in-Class Vendor for Supply Chain Finance

Kyriba has been recognized as a leading class provider of SaaS supply chain finance solutions in Aite Novarica’s (“Aite”) recently published Impact Report, ‘Aite Matrix: Supply Chain Finance’. Kyriba earned this distinction by excelling across various criteria used in this SCF vendor survey, assessment, and report. The 78-page report outlines Kyriba’s strengths and features across:...
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Working Capital Solutions

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and free cash flow. Kyriba offers CFOs three compelling benefits: the ability to improve working capital, the opportunity to increase net income, and the capacity to optimize cash flows. Kyriba offers multiple early payment programs to improve financial...
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Making Real-Time Payments a Reality for Finance and Treasury

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...
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Cenveo Achieves 93% Forecast Accuracy and 90% Productivity Improvements

Enterprise Liquidity Management results in $490K value in less than 3 months Cenveo needed a way to improve visibility into overall liquidity and provide management on-demand insights into the performance of their strategic liquidity objectives. Their digital transformation in Enterprise Liquidity Management through Kyriba saw immediate, impactful results. Key Challenges Executive leadership needed reliable, real-time,...
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Banks Focus on Vendor Collaboration for Treasury Services

Societe Generale’s decision to launch a joint treasury management solution with Kyriba is just the latest example of banks and technology vendors collaborating to offer more sophisticated treasury functionality.
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Key Factors to Ensure your ERP Project Goes Smoothly

ERP projects are expensive, complicated and resource intensive, but they run more smoothly when Treasury is involved. Bank connections need to be rebuilt during an ERP migration. So, for Treasury, it’s a good time to think about whether it’s best to rationalize or migrate banking relationships. If using a traditional systems integrator to set up...
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Kyriba Launches New Working Capital Solutions to Close $3.4T Trade Financing Gap

“The pandemic has created unprecedented risk in global supply chains. Suppliers are being crushed financially as they wait the additional weeks and months it now takes to get products to market, said Jean-Luc Robert, Chairman and CEO of Kyriba. “Our solutions help mobilize liquidity, injecting cash into supply chains so global suppliers receive the financial...
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FASB Considering Supply Chain Finance Disclosures

The Financial Accounting Standards Board (FASB) recently announced they are evaluating options for organizations to make disclosures about the value of their supply chain financing arrangements. Specifically, the FASB is proposing that “that the buyer should disclose a rollforward of the amount confirmed by the buyer that is outstanding at the end of the reporting...
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Optimizing Working Capital with SCF and Dynamic Discounting

With supply chain disruptions threatening to torpedo the global economic recovery, companies would be wise to take a closer look at solutions that can help optimize working capital. Historically low interest rates and ongoing trade disputes have done nothing to reduce volatility in the market or offer clarity for buyers and their suppliers about their...
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Kyriba Launches New Working Capital Solutions to Close the $3.4 Trillion Trade Financing Gap

The Company’s Investments Increase Access to Liquidity to End Supply Chain Risk San Diego – October 14, 2021 – Kyriba, (“The Company”) a global leader of cloud-based finance and IT solutions, announced the launch of new Kyriba Working Capital Solutions as part of its bold effort to close the reported $3.4 trillion trade financing gap...
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APIs: Greater Payments Connectivity & Functionality

The push for superior ERP-to-bank connectivity solutions continues to accelerate as CFOs prepare for the post-pandemic era. Gartner projects that corporate enterprise software spend will top $516 billion this year and $571 billion next year. With application programming interfaces (APIs), CFOs and CIOs can standardize bank and payments connectivity, while opening the door to even...
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The Kyriba Open API Platform: Leading Finance Innovation for Payments & Beyond

Newly Announced Developer Portal Streamlines Application Development and Access to Thousands of Global Corporates and Banks Kyriba, a global leader in cloud-based finance and IT solutions has announced the launch of its Open API Platform to accelerate the next generation of finance innovation and enable composable, adaptable and resilient technology solutions for CFOs, Treasurers and...
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How to Speed Up Free Cash Flow in a Sluggish Economy

Organizations large and small are impacted by what has been reported as a sluggish global economy, and for many industries this deceleration in growth has investors concerned about their rate of expansion. The combination of weak to moderate growth and demanding investors raises the immediate need for action by global leaders, and puts supply chain at the forefront of the conversation. When demand for products goes down, and working capital is tied up in inventory, investors know they can expect a lower rate of return. What do companies do to maintain stable growth and mitigate potential investor aggravation or worse their lack of confidence? In this scenario, the supply chain is among the first to be tested, adjusted and possibly disrupted for the better or worse of the company. Savvy finance leaders are looking to manage these seasonal and market driven fluctuations with supply chain finance (SCF) programs, and are seeking the right information to set up and implement SCF to help stabilize their operations.  Where there is a question of free cash flow (or the absence of cash), there will be a CFO and treasury group developing a way to optimize working capital. In my last blog, I mentioned one of three pitfalls to a successful supply chain financing initiative is the misalignment of corporate goals and individual incentives. The key challenge here is getting the right people at the table to align goals and teams. Without that cross-departmental commitment and participation, the potential bottom line impact from a supply chain finance program will remain an unrealized opportunity. Additional reading: Making the business case for supply chain finance So, who are the mandatory participants required to successfully launch a supply chain finance program and what is their role? Both the CFO and Treasurer should be the strategic champions of a SCF initiative, as they are mandated to nurture and protect the lifeblood of the organization, its cash position: either by reducing excess cash in exchange of greater yield; or creating free cash flow by extending DPO. It should be obvious that the CEO’s stamp of legitimacy demonstrates the level of priority a SCF initiative has within the organization as a whole. While strategic leadership at the top is a common goal, it’s not one that is easily attainable unless treasury and procurement are working together to build a business case that supports the initiative. The Chief Procurement Officer should play an active part both on internal and external matters. Internally, the CPO should guarantee that the procurement organization’s compensation plan is aligned with the working capital increase objectives and stress the importance of this initiative to his teams. The incentives should be different if the company engages in a Dynamic Discounting exercise or in an extension of DPO. Externally, when possible, the CPO should be involved in the discussions with the most strategic suppliers, and in so doing, set the tone for negotiations through the procurement team. Another department which will be directly impacted by the implementation of a Supply Chain Finance program is the Accounts Payables department. The use of an external platform will have consequences on existing processes - simplifying some, forbidding others and in general forcing a greater rigor on the approval and payment processes as a whole. The AP team will also need to be tactically involved during the functional and testing workshops to ensure the company ERP system and the SCF payment platform are well integrated. As a consequence, it is crucial for the AP Director to be involved early in the process, as the SCF initiative will have a non-negligible impact on its team – namely in terms of time. Finally, as for any technical related activities, the Director needs to be consulted to secure the needed technical resources as well as avoid running into a schedule freeze period, that would result in delaying the whole implementation. It is sometimes difficult to ensure all the above mentioned leaders are actively involved in the SCF initiative. Here are two reasons why the C-level should feel involved in an SCF initiative:
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Modern Connectivity for Today’s Finance Organization

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.
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Episode 12: How 10 CFOs and Senior Leaders Harness Data to Drive Strategy

*Accepting cookies will allow the podcast player to be displayed. 10 CFOs and Senior Leaders This episode features highlights from our first ten episodes focusing on the importance of data. We hear from Ann Dennison, CFO of Nasdaq, Jaye Connolly-Labelle, Chairman and CEO of RippleNami, Hamza Benamar, CFO of Kyriba, and more. Together, they bring...
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CFO’s Mandate to Treasury: A Reliable Cash Forecast

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.
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Transform Microsoft Dynamics 365 Finance with Kyriba Payments

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...
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Kyriba Appoints New Chief Experience Officer to Lead Client Services Teams

San Diego – October 5, 2021 – Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, announced the appointment of a new Chief Experience Officer, Andrew Snyder, to lead the company’s Client Services teams, including Professional Services, Client Support and Client Success. The appointment brings new leadership to a strong suite of...
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Data is key to working capital improvements, say speakers at Working Capital Forum

The event has been welcomed by working capital and supply chain finance solution providers, 12 of which are supporting the day as sponsors and exhibitors, ranging from established fintechs such as Taulia, Kyriba and Orbian to payments giants like American Express, and global banks such as Citi and fresh start-ups like Calculum.
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Payment Errors & Compliance Violations

Payment errors and compliance violations cause significant losses for businesses of all sizes. Fraud alone cost companies more than $42 billion last year, according to PwC’s Global Economic Crime and Fraud Survey. The repercussions are wide-ranging, from arduous public disclosures and legal fees to reputational damage. Some are the result of attacks by elite cybercriminals,...
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Kyriba Strengthens Board with the Appointment of Four Transformational Leaders

San Diego, CA – September 28, 2021 — Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, announced today the appointment of four new members to its Board of Directors: Mike Eberhard, Kevin Burke, Jennifer Kuperman, and John Murphy. The four appointments reflect Kyriba’s ascension as a leading global software platform for...
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Kyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API Platform

Kyriba’s Open API Platform streamlines the creation and connectivity of new applications for the company’s trusted network, which connects 1,000 banks, manages over a million bank accounts, and processes over 200 million payments worth 15 trillion USD annually. The Open API Platform is accessible through Kyriba’s newly launched Developer Portal, which connects fintech developers to...
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Kyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API Platform

Self-Service Platform and Developer Portal to Accelerate Next-Gen Fintech Innovation San Diego – September 22, 2021 — Kyriba, a global leader in cloud-based finance and IT solutions, today announced the launch of its Open API Platform to enable composable technology solutions for CFOs, CIOs and Treasurers, and accelerate the next generation of finance innovation. Kyriba’s...
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Kyriba APIs

Banks have increasingly adopted application programming interfaces (APIs) to offer better experiences for their customers. But APIs have potential far beyond bank connections. As the leader in connectivity in treasury and finance, Kyriba understands how to maximize the power of APIs to help finance leaders drive digital transformation and more informed decision-making. Kyriba’s Open API...
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Episode 11: Finance Modernization

*Accepting cookies will allow the podcast player to be displayed. Enrique Calderon This episode features an interview with Enrique Calderon, former Assistant Treasurer at Fluor, a global engineering construction company with a revenue of $15.7B in 2020 and ranked 181 among the Fortune 500, talking to The Invisible Vault host Bob Stark, Head of Market...
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CEOs: Point-blank News from UK Regulators on Trade Finance Arrangements

As has been well publicised, on the 9th September all CEOs of trade finance firms received a letter from the UK’s two banking regulators, setting out the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) expectations for firms undertaking trade finance activity. The letter makes reference to several high-profile failures of commodity and trade...
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Kyriba on Fox Business Network: Futures Point to Losses

Fox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester about whether futures point to losses. Wolfgang relates continuing optimism for futures among investors and recommends looking for value in companies that manage liquidity well.
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Migrating to S/4HANA and the Cornerstone for Your Project: Multi-bank Connectivity

Introduction Frequently in information technology, a term is developed without consideration given to the importance of one of the words that make up the term. This is certainly the case with terminology developed around the effective management of multiple banks and the impact it can have on so many of the IT and finance projects...
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Securing High, Risk-Free Returns with Dynamic Discounting

As treasury's remit becomes increasingly more focused on value creation, the need for organizations to generate higher, risk-free returns is critical. Dynamic discounting could be a key weapon in treasurers' arsenals.
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Kyriba And Openpay Offer Smarter Payments Experience For US Based Clients

Kyriba, a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba clients to improve their working capital performance and strengthen customer relationships.
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Episode 10: $15B and Counting: How CFOs Build High-Growth Strategies

*Accepting cookies will allow the podcast player to be displayed. Ross Tennenbaum This episode features an interview with Ross Tennenbaum, CFO of Avalara – the leading provider of automated tax compliance software with a market cap of nearly $15B, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this...
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Kyriba and Openpay Offer Smarter Payments Experience for US Based Clients

New Partnership Gives Kyriba Clients New Customer-Centric Payment Capabilities San Diego, Melbourne – August 26, 2021 — Kyriba, a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. (ASX: OPY) (Openpay), a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba...
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Simplifying SAP Bank Connectivity with Certified Payments Network

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...
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Outgrowing Excel: Why Treasurers Transcend to a TMS

“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?”
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APIs: The Catalyst for Real-Time Treasury

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.
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How To Protect Against Payments Fraud

Information security is among every company’s biggest concerns today. And according to Eric Adams, Chief Information Security Officer at Kyriba, a treasury management software company based in San Diego, California, one of the most challenging segments of that threat is payment fraud.
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Crypto challenges shine light on CFOs’ fiat currency management

Finance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies.
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Crypto Challenges Shine Light on Fiat Currency Management

Finance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies. Bitcoin’s skyrocketing and subsequent free fall in value should be a wakeup call to CFOs and corporate risk managers. But not for the...
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How International Treasury Centers Unlock Global Cash Visibility

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.
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Readying Treasury for Hybrid Work

To say that the COVID-19 pandemic changed the way treasury departments and companies operate is a massive understatement. Treasury, a function already accustomed to ‘doing more with less,’ began operating remotely—often with a skeleton crew as companies were forced to reduce headcount. Once mass distribution of the COVID-19 vaccine began, companies quickly began to strategize...
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Real-Time Payments, Real-Time Fraud

As real-time payments technologies continue to gain momentum, more concerns are being raised about the increased risk of payments fraud. Traditional payment mechanisms settle in the same day or over a period of days after payments are sent from treasury or ERP platforms. However, with real-time payments that clear instantaneously, once the payment is sent,...
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The Benefits of a Multi-Bank Working Capital Solution

Companies used to offer working capital or (supply chain finance) programs to their suppliers primarily in conjunction with a single bank. That was great for the bank, of course, because it allowed the bank to set the terms of the working capital program, to tie the company into a close, long-term relationship, and to gain maximum benefit from lending money to the company’s suppliers while only taking on the credit risk associated with the company itself. The company in question would, of course, usually be a multinational, large or mid-market business with a good credit rating. Banks’ historic involvement with working capital means that even today – when there are numerous bank-agnostic solutions available on the market – many corporates talk to their bank about their working capital requirements first of all and might even end up being sold a solution without properly exploring other options. The risk with this approach is that the bank’s solution may not actually be the best overall solution for the corporate, taking into account factors such as credit availability, fees, funding costs and onboarding requirements, and also whether the organization has any specific needs, such as wanting to provide finance to suppliers in a country where the bank has no presence. Related reading: How to Increase Financial Performance with Working Capital Programs Related reading: How Working Capital Solutions Can Accelerate Free Cash Flow – and Boost Your Capital Investment by 48 Percent Related reading: Busting Payable Finance Myths in the Digital Age Furthermore, when a corporate sets up a working capital program with a single bank, it is effectively giving a large amount of business to the bank, which will certainly put it in that bank’s good books, but could be harmful to its relationships with other banks and increase its exposure to counterparty risk. Since there is a lot of effort involved with setting up a working capital platform initially, it can be difficult for a company to move to another solution if the bank’s service standards slip, it increases interest rates for suppliers at a steep rate, or it allows the technology underpinning the platform to become antiquated. Another consideration is that a bank’s working capital platform will not necessarily integrate with the company’s forecasting and payments solutions, leading to duplication of effort when it comes to reporting and tracking transactions. Meanwhile, the invoices that will be financed under the working capital program will be stored in the company’s enterprise resource planning systems, not its platform, which reduces the efficiency of the payments process. Finally, when onboarding suppliers to its working capital platform, the company will inevitably have to follow the bank’s procedures, which are likely to be more onerous than its own procedures would be. When a company is weighing up whether to use a bank-hosted program or to invest in its own platform, it should take the following selection criteria into account:
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Episode 09: Knowing Your Data, Culture and Network

*Accepting cookies will allow the podcast player to be displayed. Hamza Benamar This episode features an interview with Hamza Benamar, CFO of Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Hamza discusses the importance of being attuned to the global market, how we’re coming closer...
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Proactively Counter Fraud and Automate Your Payments Controls

Fraud and internal controls violations significantly impact the operational and financial health of organizations of all sizes and scale. CFOs must address these threats while under the constant barrage of ever-increasing and more technologically savvy criminals. Most of the controls at the disposal of CFOs and treasurers are comprised of largely manual and detective processes...
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#techforfood #techfortreasury #[email protected]

Şişecam’s international growth over the past few decades meant the company had a fragmented approach to cash management. While treasury handled strategic decisions such as borrowing, individual subsidiaries within the group handled their own payment operations and managed their cash using their enterprise resource planning (ERP) systems.
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Treasury management at SMEs – Still too neglected?

Treasury management or more generally Supply Chain Finance management is still a neglected topic at many SMEs. … Nonetheless in this globalized competitive market with fast moving cash, even SMEs are in need of an effective treasury management.
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Re-Examining Your Treasury Management System (and Your Entire Technology Strategy!)

If you had the opportunity to reimagine your treasury operation, what would you do? This opportunity given to our treasury team at Health Care Service Corp (HCSC), a large health insurer operating across the U.S. under the brand names of Blue Cross Blue Shield of Illinois, Texas and more. As part of a corporate-wide transformation...
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BlackLine and Kyriba Partner to Streamline Digitization of the Office of the CFO

Joint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers.
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Debating Daily vs. Single Rate Balance Sheet Exposure

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...
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Episode 08: The Evolution of CFO as Strategic Advisor

*Accepting cookies will allow the podcast player to be displayed. Ann Dennison This episode features an interview with Ann Dennison, EVP and CFO, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Ann discusses market resiliency, cutting-edge topics like ESG and the digital asset space, and the...
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Rise of Digital Yuan Brings New Challenges for China Tech Giants

For the past decade, private companies in China have led the way in the digitization of money, with Tencent Holdings Ltd. and Ant Group Co. setting up enormous private payment networks and cryptocurrency-mining operations providing the fuel for the global Bitcoin boom.
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FX Predictions, Opportunities and Pitfalls in an Expanding Global Market

The July 2021 Kyriba Currency Impact Report clearly illustrates that corporate FX risk managers still have a challenging set of market conditions to navigate as the US dollar found footing against other currencies due to aggressive pandemic mitigation efforts and general business activity surging back to life. The combination of a resilient USD and increased...
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Ensuring Greater Speed, Accuracy & Security Across the Bank Reconciliation Process

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...
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Cloudiness in Libor Transition?

With less than 6 months to go until the transition from Libor to new overnight risk-free rates, uncertainty lingers as to which rate indices are to be adopted in countries such as the United States. While regulators remain steadfast in their recommendations that risk free rates such as SOFR in the United States and SONIA...
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Kyriba Platform Selected by Thales for Payments Management

Paris – 21 of July 2021 — Kyriba, one of the global leaders in cloud treasury, payments and finance solutions, has announced that Thales, the technology group specializing in aerospace, digital identity & security, ground transport, defense and security, has selected Kyriba to accelerate the digital transformation and security of its global payments platform. This...
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BlackLine Partnership to Facilitate Bank Connectivity

The partnership between BlackLine, the Woodland Hills accounting software developer, and Kyriba offers enhanced capabilities for mutual customers through integrated products that will accelerate bank connectivity, increase cash visibility and enable greater automation for the financial close and accounts receivable functions, the companies said in a release.
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Episode 07: The Future of Digital Currency

*Accepting cookies will allow the podcast player to be displayed. Wolfgang Koester This episode features an interview with Wolfgang Koester, Chief Evangelist at Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Wolfgang has spent more than 30 years in currency markets, with experience working for Fortune 1,000 companies...
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BlackLine, Kyriba, Partner To Accelerate Bank Connectivity

Accounting automation software maker BlackLine said Tuesday (July 20) it is working with Kyriba, which provides cloud-based finance and IT solutions, to streamline digitization for chief financial officers and improve finance and treasury department collaboration.
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Episode 06: Data, Productivity and Certainty ~ Drivers of Growth for the Modern CFO

*Accepting cookies will allow the podcast player to be displayed. Katherine Edenbach This episode features an interview with Katherine Edenbach, CFO of Emburse, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Katherine has an impressive career of over 20 years in accounting and finance. Before coming to Emburse, she...
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BlackLine and Kyriba Partner to Streamline Digitalization of the Office of the CFO

Joint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers LOS ANGELES and SAN DIEGO, Calif. – July 20, 2021 — Accounting automation software leader BlackLine, Inc. (NASDAQ: BL) and Kyriba, a global leader of cloud-based finance and IT solutions, today announced that they are joining forces to streamline...
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Leveraging Surplus Cash to Minimize Supply Chain Risk

One of the biggest risks to an organization’s supply chain is a vendor’s liquidity issues making it unable to deliver products on time. What practical steps can organizations take to minimize this risk?
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7 Reasons 7-Time Netsuite Partner of the Year Recommends Kyriba

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.
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Put Your Excess Cash to Work

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.
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Episode 05: Why the Treasurer could be the Modern CFO

*Accepting cookies will allow the podcast player to be displayed. Niklas Bergentoft This episode features an interview with Niklas Bergentoft, Principal at Deloitte & Touche LLP. Niklas has been at Deloitte & Touche LLP for 15 years, and currently leads the company’s treasury practice in the US. His multifaceted role involves setting strategy and building...
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Episode 04: Finger on the Pulse-The Power of Digitization

*Accepting cookies will allow the podcast player to be displayed. Jaye Connolly-LaBelle This episode features an interview with Jaye Connolly-LaBelle, Chairman and CEO of RippleNami, Inc., a global technology company that has redefined a simple-to-use technology platform leveraging artificial intelligence, blockchain, and data visualization, and currently has a keen focus in Africa. Jaye boasts an...
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MEMO to IT: Multi-Cloud Environments for Your Banking & Payments

The singular, consolidated cloud-based systems architecture for ERPs and the needed connectivity between those systems and partner banks is being redefined. Prior to the evolution and migration of ERPs and early treasury management systems to cloud-based hosted models, the shift from prevailing client-server architecture often led the consolidation of as many modules and processes into...
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U.S. Dollar Volatility / Stocks To Watch: NWL, CHD, HUBB

For investors, be diligent as to where the companies they invest in are doing business, says Wolfgang Keoster, Senior Strategy Officer at Kyriba. He discusses monitoring U.S. dollar (/DX) volatility and how investors should prepare for digital currency use. He also examines digital currency trends and mentions his watch list which includes Newell Brands (NWL),...
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Kyriba on Fox Business Network: Earnings Season Kicking Off

Fox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester about currency impacts to S&P 500 companies in the second quarter of 2021. Hear why being currency agnostic is the winning strategy to surviving volatility.
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Kyriba on Bloomberg Radio: Currency Impact Report: Wolfgang Koester

Wolfgang Koester, Senior Strategist at Kyriba, discusses currency volatility and the Kyriba Currency Impact Report. Hosted by Paul Sweeney and Matt Miller. (Taylor Riggs fills in for Matt Miller)
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Healthcare Stocks Beyond The Covid Boom (Podcast)

Wolfgang Koester, Senior Strategist at Kyriba, discusses currency volatility and the Kyriba Currency Impact Report. Hosted by Paul Sweeney and Matt Miller.
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Currency hit to North American companies rose in Q1, Kyriba says

The negative impact of currency fluctuations on North American companies’ results increased in the first quarter to the highest level since the second quarter of 2020, data from treasury and financial management firm Kyriba showed on Tuesday.
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The Morning Ledger: Finance Chiefs Weigh the Impact, and the Odds, of a Global Minimum Tax

Finance executives at multinational companies are trying to assess the potential implications of a global minimum tax for their businesses, with many of them skeptical whether the plan will come to fruition anytime soon.
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Currency volatility sees multinationals lose almost US$10bn in Q1

North American and European companies reported a combined US$9.54bn in quantified negative currency impacts in Q1 2021, up 55% from the previous quarter, according to Kyriba’s Currency Impact Report for Q2021. European companies accounted for 38% of the impact, reporting US$3.67bn in quantified impacts. North American companies quantifying headwinds reported a total of US$5.87bn in...
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Kyriba’s Currency Impact Report Reveals $9.5 Billion in Total Quarterly FX Headwinds for North American and European Multinational Corporations

San Diego, CA – July 13, 2021 — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed a negative impact from currency volatility of $9.54 billion. North American companies experienced greater headwinds than their European counterparts...
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Leveraging an Effective Working Capital Strategy to Reduce the Cash Conversion Cycle

The treasurer’s strategic value to the organization is evolving toward efficiently managing working capital, to meet the growing liquidity needs of their expanding companies.
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Smooth Supplier On-Boarding Essential to Supply Chain Finance Success

Technology investment is once again accelerating as businesses emerge from the constraints of the pandemic. One area of significant interest and focus is Supply Chain Finance (SCF) programs which, like many projects, have been delayed or suspended due to the adverse business climate created over the past 18 months. Research shows many firms are now...
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Memo to IT: ERP Migrations & Bank Connectivity

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.
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Extreme Automation: The Emergence of RPA and AI for Treasury

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.
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Kyriba’s Support for a Smooth and Effective LIBOR Transition

Introduction and Background Organizations currently using LIBOR as a benchmark for financial contracts and pricing have until December 31, 2021 to complete their transition to new risk free indices. Since 2018, Kyriba has collaborated with official working groups, industry bodies, leading accountancy firms and other market participants in every affected region. This has kept our...
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Why CFOs Should Adopt SCF to Meet Cash Requirements

CFOs today depend on the strategic function of treasurers than in previous years. One reason why treasurers’ role has become more aligned to the CFO’s agenda is a direct result of the treasurer’s ability to unlock value within the organization at a low cost, and drive strategic objectives of the CFO, such as offering a more comprehensive view of cash and payments, acquisition strategies and capital allocation strategies. In fact, securing low-cost financing is arguably the corporate treasurer’s primary objective. Among their many responsibilities, ensuring adequate access to liquidity at the appropriate level of risk and cost is imperative for the success of their role. Luckily for treasurers, there is no shortage of banks eager to discuss various funding arrangements, again based on the probable risk and cost of the FI (financial investment). These funding arrangements will most certainly come at a cost to the treasurer, and drawing down to access the needed liquidity will likely be treated as debt on the balance sheet. Consider SCF (supply chain finance) as a dynamic solution to remedy the issue. While not a new strategy, SCF has yet to fully penetrate the corporate market. In a recent survey conducted by Kyriba and Spend Matters, only 10 percent of polled treasury professionals cited an active SCF program at their organization. Therein lies a tremendous opportunity for treasurers and CFOs to gain a strategic market advantage by adopting this proven, liquidity solution. Additional Reading: The Most Important Value That a Truly ‘Strategic’ CFO Can Deliver What is a SCF program? At its core, SCF, or more specifically reverse factoring, is an arrangement where the corporation (buyer) enlists with banks to make payments on their behalf to suppliers. Reverse factoring provides suppliers with early payment of approved invoices, but instead introduces a third party to deliver invoice financing. Reverse factoring offers an attractive alternative to factoring programs for sellers, by offering a lower discount and more flexible terms than they would achieve on their own. For the buyer, reverse factoring offers an opportunity to extend DPO (Days Payable Outstanding), improving working capital while not hurting the liquidity of key suppliers.   As an alternative to reverse factoring, dynamic discounting programs are best suited for corporates that have excess cash and liquidity. This type of program is designed for organizations looking for an alternative to low yielding short-term investments as these programs typically yield in excess of 10 percent APR. With dynamic discounting, buyers pay their suppliers early using their own funds. The early payment discount is calculated based on a pre-agreed financing rate and the number of days remaining until payment was originally due. The earlier the payment is made, the greater the discount realized for the buyer. So how does a SCF program help drive a broader capital allocation strategy? SCF programs, especially those housed within treasury technology that also leverage cash management workflows, can greatly improve free cash flow – interest free – via a term extension where reverse factoring is introduced to soften the impact to relevant suppliers. Treasurers are better positioned to satisfy committed share buyback, dividend, acquisition or related milestone payments, or debt buyback targets given the influx of cash flow following reverse factoring program deployment. Thus, as the CFO pushes out DPO, the liquidity position improves at no financial cost and without additional debt on the balance sheet. This brings us to an important point: SCF alone is not the strategy, but rather the strategy of the corporation is to improve liquidity, and SCF is the tool to execute against this strategy. Why SCF programs work It is key to understand that the buyer will have a superior credit rating than their suppliers. A survey conducted by JPMorgan found that 65 percent of corporate suppliers are sub-investment grade. In addition, many suppliers face uncertainty as to when they will be paid from their customers, which puts a tremendous strain on these smaller companies and their ability to manage operations. Given these financial and operational factors, suppliers are eager to obtain low cost, predictable financing, and therefore we have a SCF market.
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5 Wins for TMS Owners

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...
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Episode 03: Making the Call-Lessons from 40 Years in Finance

  *Accepting cookies will allow the podcast player to be displayed. Michael Dinkins This episode features an interview with Michael Dinkins. Michael is a finance industry executive with more than 40 years of experience, and currently serves as President and CEO of Dinkins Financial and on the board of a number of publicly traded companies....
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Episode 02: From Treasurer to CFO to 4X Board Member-Building the Next Generation of CFOs

  *Accepting cookies will allow the podcast player to be displayed. Jennifer Ceran This episode features an interview with Jennifer Ceran. Jennifer boasts an extremely impressive 35-year career in finance, and recently retired as CFO of SmartSheet in January of 2021. Prior to Smartsheet, she was the CFO of Quotient Technology (formerly Coupons.com), VP of...
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Episode 01: How 2020 Revealed the Importance of Liquidity

*Accepting cookies will allow the podcast player to be displayed. Eric Ball, General Partner at Impact Venture Capital Eric Ball, talks with The Invisible Vault host Thomas Butta about his journey from cash register clerk to CFO, the requirements to plan for liquidity events, and why real-time visibility is table stakes to manage cash in...
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Kyriba on Fox Business Network: The Risk of Managing Altcoins

Liz Claman, anchor of the Fox Business Network show Countdown to the Closing Bell, interviewed Kyriba Chief Evangelist Wolfgang Koester to understand the risk of companies investing in cryptocurrencies. Is there room for central bank digital currencies and altcoins? Koester points out the importance of preparing for real-time settlements.
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Standard Chartered and Kyriba Partner to Transform the Cross-Currency Payments Experience

The Partnership Combines Standard Chartered’s Payment Network and FX Capabilities with Kyriba’s Payments Solution through a New API Connector 22 June 2021, Singapore, San Diego – Standard Chartered, a leading international banking group, and Kyriba, a global leader in cloud treasury, finance and IT solutions, today announced a strategic partnership that transforms the cross-border, cross-currency...
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Market strategist on which Bitcoin investors to watch, which to stay away from

Kyriba senior strategy officer Wolfgang Koester advises investors to heed caution around companies like MicroStrategy and Tesla.
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The supplier payments win-win – help their DSO without hurting your DPO

Extending days payments outstanding can lead to liquidity stress within the supply chain, but shortening it has an impact on corporate working capital. Is there a win-win solution to this?
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Societe Generale Taps Kyriba To Launch Treasury Management Solution

Societe Generale has announced a strategic partnership with cloud-based IT solutions provider Kyriba, to roll out a new treasury management solution. According to the announcement, the new service will offer fraud management functionality and payment automation for the bank’s corporate clients.
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Identifying Value for Treasury: Automation, Machine Learning & Artificial Intelligence

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,...
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Societe Generale and Kyriba Join Forces to Create a Cloud Treasury Management Solution

Societe Generale’s clients will have access to a complete treasury management solution (monitoring, payments and fraud management) based on Kyriba’s global cloud platform London, San Diego, – June 11, 2021 – Societe Generale (the Bank), one of the leading European financial services groups (most notably in the field of transaction banking), and Kyriba, a global...
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Automation for Business Intelligence

Article by Bob Stark,Global Head of Market Strategy, Kyriba Productivity has always been a core goal for finance teams, investing in both enterprise resource planning (ERP) and integrated best-of-breed platforms to unlock efficiencies that enable strategic decision-making and transformation projects. For the finance organization, productivity can translate into a variety of value-added outcomes: more efficient...
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A Culture of Fraud Prevention: It’s Everyone’s Responsibility

It seems like every day there is a new fraud headline.  As a result, companies are learning that preventing fraud needs to be a responsibility of all employees in the organization.  To prevent fraud, an organization needs to focus on education through training, standardized controls, and IT policies on top of a strong technology solution....
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Kyriba Expands Footprint in South African Countries with Digiata Partnership

Brings Treasury, Payments and Enterprise Liquidity Management Solutions to Sub-Saharan African Region Expands and Enhances Localized Services and Support San Diego, South Africa – June 8, 2021 — Kyriba, a global leader of cloud finance and IT solutions, today announced a partnership with Digiata, a leading software company in Johannesburg and Cape Town, specializing in...
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Digital Currencies: Not Ready for Corporate Treasury

Bitcoin and several cryptocurrencies dropped more than $1 trillion in market value, forcing influencers and investors to walk back their advice on using private digital currencies as a reliable store of value. Kyriba’s Wolfgang Koester discussed what was driving this cryptocurrency volatility with Maria Bartiromo’s “Mornings with Maria” on Fox Business Network on May 24th....
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Kyriba on Fox Business Network: Crypto Currency’s Wild Ride

Fox Business Network financial news anchor Maria Bartiromo interviewed Kyriba Chief Evangelist Wolfgang Koester on “Mornings with Maria” to get his analysis of plummeting Bitcoin values, the rise of central bank digital currencies (CBDC) and market inflation. Hear why Koester sees the long-term value of CBDC and a housing market that resembles 2007.
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Treasury must see data as priority for tech transformation

With effective cash and liquidity management so crucial to the continuity of a business, the pressure to get timely and accurate forecasts has intensified. However, forecasting is not the best descriptor of what is being asked of treasury departments, according to Samuel Guillon, senior vice president of strategy a Kyriba.
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TAKKT selects Kyriba’s Liquidity and Payment Platform

Stuttgart, Frankfurt (Germany), – 18 May 2021 — Kyriba, the global leader in cloud treasury, payments and finance solutions today announces that TAKKT AG, the leading B2B distance seller for business equipment in Europe and North America, has selected Kyriba for its Liquidity and Payment Platform. TAKKT is using the Kyriba’s Active Payments platform and...
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Why CFOs Should Foster Stronger Relationships with Banks

CFOs are the custodians of financial growth for enterprise business, and a key part of that role is to build and foster mutually beneficial relationships with banks and funding partners. Since banking relationships are built upon the provision of services; whether those are lines of credit, daylight overdrafts, bank account reporting, payments, foreign exchange or...
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Bankers’ main CFO gripe: lack of transparency

Hamza Benamar, CFO for Kyriba, a treasury management software company, recommended CFOs be involved in understanding the health of the banking relationship, or at least receive updates on banking scorecards and other metrics to ensure the bank relationship is being leveraged to its full potential.
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The Basics for University Treasurers: the need-to-knows

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.
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Accelerating ERP Projects with SAP-Certified Integrations

SAP’s Certification of Kyriba Payments Network Now, more than ever, organizations using SAP have additional reason for confidence in reaping benefits and value from Kyriba in tandem with their SAP ECC or S/4HANA ERP platforms. As a newly certified SAP partner, Kyriba continues to expand the value delivered to SAP customers through accelerating ERP, banking...
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Payments Solutions from Kyriba Achieve SAP Certifications for Integration with SAP NetWeaver and SAP S/4HANA

Certifications Help Accelerate ERP Implementation and Reduce Risk with Access to 45,000 Payments Formats Out of the Box with AI-based Payments Fraud Protection for CFOs and IT Leaders Through Interoperability with SAP® Solutions San Diego, CA – May 06, 2021 – Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, today announced...
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Value of a Treasurer to Today’s Finance Organization

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.
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Making The Cloud Pay

Samuel Guillon knows firsthand the pandemic challenges faced by corporate finance officers. He was working as CFO of Colas, a global road and transport construction group, in the early days of the pandemic, when “even the largest companies in the world were in fear of being bankrupt.”
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Kyriba on Bloomberg TV: Weak Dollar Good for North American Corp. in Asia

Bloomberg TV interviewed Kyriba Chief Evangelist Wolfgang Koester about the $6.16B in reported negative currency impacts from North American and European corporates, according to the April Kyriba Currency Impact Report. Koester predicts an increase in volatility in the next quarter, and asks how prepared are CFOs and CEOs to manage digital currencies like bitcoin or...
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Build a Smart, Secure Payments Hub: Digitizing your payments workflow

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.
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The CFO’s Safe: Treasury’s Best Practices to Reduce Fraud Risk

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).
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Currency Impact Report April 2021

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.
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Kyriba’s Currency Impact Report Reveals North American and European Multinational Corporations Report $6.16 Billion in Total Quarterly FX Headwinds

San Diego, CA – April 27, 2021 — 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. European companies experienced greater headwinds than their North American counterparts in the...
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Currency Volatility is Down: How Smart FX Teams are Preparing for the Next Wave

The Kyriba Currency Impact Report reveals largely what was anticipated by risk managers and treasury leaders, as overall currency volatility returned to pre-pandemic levels and the US Dollar weakened against most major market currencies during the last quarter of 2020. The US currency weakened in Q4 due to a variety of factors, but the most...
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Liquidity Benefits from Dynamic Discounting in Supply Chain Financing

It might not always be obvious where business can learn lessons from somewhere like yacht racing, particularly in more specialist fields like Supply Chain Finance and Dynamic Discounting. But there are often uncanny parallels from this sport and finance, when both seek to deploy serious sums of money and leading-edge technology to deliver the marginal...
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IDC 2020 SaaS CSAT Award for Treasury Management

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.
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Kyriba Receives Customer Satisfaction Award from IDC’s SaaS Treasury Management Survey

Highest Ratings from Customers in Global Survey Include Business Intelligence, Trusted Brand, Product Innovation, Customer Service, and Geographic Reach San Diego, CA – April 15, 2021 – Kyriba (“the Company”), a global leader of cloud finance and IT solutions, today announced that the Company was placed in the highest scoring group of vendors serving the...
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Partnership Brief: Kyriba SAP Integration

Unleash the Power of Liquidity Management with SAP and Kyriba Why SAP Certification Matters to You and to Kyriba Kyriba’s certified SAP partnership status is a natural evolution of the long-standing relationship between two technology leaders, connecting SAP’s existing ERP solutions with Kyriba’s cloud-native Active Liquidity Network and harnessing the power of both organizations. The...
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Simplify Your Finance Complexities with Secure Payments

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.
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The Positive Liquidity & Operational Impacts of NACHA Increasing Same Day ACH Transaction Limits to $1M

Since the quadrupling of the ACH same day payment limit from $25,000 to $100,000 in 2020, NACHA has again made the impactful decision to increase the amount of same-day ACH individual payments ten-fold to $1 million effective March 18, 2022. This rule change applies to all eligible same day ACH payments, including credits and debits...
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Strategic Treasurer Fintech Analyst Report: Supply Chain Finance & Cash Conversion Cycle Solutions

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.
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Strategic Treasurer Fintech Analyst Report: Treasury Aggregators (Bank Connectivity Solutions)

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.
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Strategic Treasurer Fintech Analyst Report: Treasury and Risk Managment Systems

The latest Strategic Treasurer Analyst Report provides a glimpse into the current TMS space and outlines the primary benefits of a treasury management system.
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The Kyriba Application Receives ISO 27001 Certification

We are pleased to announce the Kyriba application has received its ISO 27001 certification. Kyriba has demonstrated its ability to have the people, processes, systems, and infrastructure to protect data properly and to provide customer assurance to the ISO 27001 certification, as granted by a certified ISO 27001 auditor Schellman and Co. Global Standard ISO/IEC...
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Kyriba Successfully Completes ISO 27001 Surveillance Review Audits

San Diego, CA – April 8, 2021 – Kyriba (“the Company”), a global leader of cloud finance and IT solutions, today announced that the Company recently completed its ISO 27001 surveillance review audit with no nonconformities noted. The surveillance review displays Kyriba’s commitment to maintaining the ISO/IEC 27001:2013 (ISO 27001) certification and ISMS for its...
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Good to Great FX Programs: Automation Significantly Reduces FX Volatility

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.
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Hilton Grand Vacations’ Playbook for Oracle Migrations for Treasury & 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...
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Multinationals reported $6.16B in negative forex exposure for Q4: study

During the first quarter the “strengthening of the dollar increased volatility,” he said. “Therefore I am 100% sure that the impacts on earnings of Q1 ending March 31 will be worse” than during the fourth quarter of 2020.
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The US$6.16bn cost of FX headwinds

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, has revealed negative impact from currency volatility of US$6.16bn in Q4 2020.
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The Morning Ledger: The Big Number

$6.61 Billion. The amount of money that companies lost due to negative currency effects in the fourth quarter of 2020, down from $8.90 billion in the prior-year period, according to Kyriba, a software firm.
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Greensill’s SCF Clouds Can Have a Silver Lining

Warren Buffett once said “Risk comes from not knowing what you are doing,” but he might just as well have added: “or not knowing who you are doing it with.” Recent events in Supply Chain Finance (SCF) have brought the importance of that observation into sharp focus, as the demise of one of the leading...
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When Technology Excellence Drives People and Process Improvements

HCSC deployed a new treasury workstation and integrated it with the company’s forecasting solution, accounting software, platform for initiating wire and ACH transactions, and investment systems. This first phase of technology transformation resulted in much more effective cash management. “We soon were able to make more aggressive decisions, and we reduced idle Tier 1 cash...
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Effective ways finance can navigate digital transformation post-pandemic

As vaccines become available, organisations expect an economic rebound while continuing their digital transformation journeys such as those in the finance function. How’d the finance function’s journey be different after the pandemic? How should CFOs go about digital transformation?
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Streamlining Treasury in Complex Markets

Şişecam’s international growth over the past few decades meant the company had a fragmented approach to cash management. While treasury handled strategic decisions such as borrowing, individual subsidiaries within the group handled their own payment operations and managed their cash using their enterprise resource planning (ERP) systems.
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Superior Cash Visibility and Forecasting

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.
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Best Treasury & Cash Management Providers 2021: Systems & Services

Global Finance’s best TCM suppliers in systems and services are focusing on niches and building more AI into offerings. Kyriba named “Best SaaS Treasury Management Solution” 2021.
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Activate Your Liquidity to Manage Treasury Challenges in the New Normal

The Kyriba Global Summit explored how financial technologies can support active treasury management, smarter payments, as well as fraud and risk concerns and active working capital management for corporates. Here are the key takeaways for treasurers.
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Crypto for Corporates: Does it make sense for you?

The first major corporate purchase of the Bitcoin in October 2020 began a string of subsequent Bitcoin purchases in 2021, including recent purchases by Square and Tesla. Crypto (digital) currencies have shown to be elusive, unpredictable, and potentially, lucrative. According to a recent survey, at least 70% of surveyed CFOs are closely watching others in...
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Why Digitized Connectivity is the Key to Optimizing Cash Deployment

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.
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Currency Impacts: Now and into the Future

Released last month, Kyriba’s latest “Currency Impact Report” covers Q3/2020 earnings calls of 1,200 organizations that derive at least 15 percent of their revenue from overseas. Its key finding is dramatic. Treasury & Risk recently spoke with Wolfgang Koester, former CEO and co-founder of FiREapps who’s now chief evangelist for Kyriba, about how treasurers of...
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Kyriba on Fox Business Network: How Managing Liquidity Is Affecting Company Revenues

With market volatility on the rise, 100% visibility into company cash and active liquidity is essential for CFOs through the pandemic recovery to protect shareholder value. As Kyriba’s Senior Strategist Wolfgang Koester explained to Maria Bartiromo, the risk of Gamestop-like events loom large, and investors are going to be taking a closer look at a...
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2021 Technology Excellence Awards: Harnessing Data Analysis & Automation

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...
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World’s Best Supply Chain Finance Providers 2021

Global Finance names the World’s Best Supply Chain Finance Providers for 2021, noting growth and innovation taking place in the long tail of SMEs.
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The Real Costs of Bank Connectivity during S/4HANA Migrations

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.
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Is it Time to Appoint a Chief Liquidity Officer?

In the current trading environment, where companies really need to have both acute visibility over their financial assets, and the most effective plans to manage them, we ask if the time has finally come for the Chief Liquidity Officer.
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Treasury Renovation: How 3 Real Estate Treasurers Rebuilt with Technology

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.
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How Multilateral Netting Streamlined Diversey’s Intercompany Cash Flows

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​.
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European corporates bear the brunt of US$9.82bn FX losses

“This quarter should be a wake-up call for corporations that haven’t taken the necessary steps to actively manage risks across the enterprise,” said Wolfgang Koester, chief evangelist for Kyriba.
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LIBOR Transition — the Train has Left the Station. Are you Onboard?

What is happening? For over 40 years financial institutions have used LIBOR and Other Interbank Offering Rates (IBOR) as a reference rate for pricing approximiately $400 Trillion in loans and derivative instruments. With the 2008 financial crisis, bank credit worthiness began being priced into the interbank lending market. This, coupled with a susceptibility to manipulation...
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Currency hit to North American companies dropped in third quarter: Kyriba

The negative impact of currency fluctuations on North American company results fell sharply in 2020’s third quarter, reversing an upward trend, according to data from treasury and financial management firm Kyriba released on Tuesday.
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Kyriba’s Currency Impact Report Reveals Total Quarterly FX Losses for Multinational Corporations

In a stunning turnaround, Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures from the global leader of cloud finance, treasury and IT solutions, revealed European multinational corporations suffered the brunt of the $9.82 billion reported lost due to currency volatility in the third quarter of 2020.
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The Morning Ledger: More Finance Chiefs Resigned in 2020 Than in Previous Years

The Big Number: $9.82 Billion : Amount that North American and European companies admitted to losing in the third quarter of 2020 due to currency volatility, according to Kyriba Corp., a corporate-finance software provider.
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Kyriba’s Currency Impact Report Reveals $9.82 Billion in Total Quarterly FX Losses for European and North American Multinational Corporations

FX Impacts on European Companies Increased by 126 percent in Q3 2020; FX Impacts Decreased by 84 percent for North American Companies The U.S. Dollar Led the Euro and Brazilian Real as the Most Impactful Currency for European Companies San Diego – January 19, 2020 – In a stunning turnaround, Kyriba’s Currency Impact Report (CIR),...
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Kyriba on Bloomberg Daybreak Asia: Trends in Global Currency Volatility

Volatility is expected to increase. Global economic leaders are in turmoil, Holland, Russia, Germany, G10 leaders are unstable, and the U.S. Federal Covid19 stimulus package are clear indicators of more volatility to come. CFOs need to understand their currency risk in real-time.
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Reflections on 2020: Two Treasurers Recall the Challenges

US corporates Arrow Electronics and Cummins Inc explain how they prioritised liquidity, digitisation and looking after their employees in 2020, speaking in a roundtable hosted by ING and in partnership with The Treasury Management Association of New York (TMANY).
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Team Treasury: Your New Implementation Playbook

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...
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Corporate FX Awards 2021

“Given the strains the pandemic has created, day-to-day operations—including cash flow—is commanding more direct involvement from the board, underscoring the need for better FX analysis, said Jean-Luc Robert, Chairman and CEO at Kyriba.
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Kyriba on ERP News: Exclusive Interview with Jean-Luc Robert, CEO of Kyriba

Pinar Sengul, Managing Director of ERP News interviewed Jean-Luc Robert, CEO of Kyriba, at Kyriba Global Summit 2020. Jean-Luc Robert shared his thoughts on ERP cloud migration and bank connectivity, the future of treasury and finance solutions, and the strategy Kyriba has implemented to support its customers during the pandemic.
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Analysis-Investors bet weak dollar will keep risk rally going in 2021

Record-low U.S. interest rates, massive financial stimulus and a growing appetite for risk are among the catalysts that contributed to the dollar’s 6% drop against a basket of its peers year-to-date, putting it on track for its weakest year since 2017.
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Merck and Kraton: FX Success in Companies Big and Small

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.
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Post-LIBOR Readiness Plan: Prep, Protect, Prevail

The global interest rate benchmark, London Interbank Offered Rate (LIBOR), will lose its status and likely be replaced by 2022.
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Kyriba on TD Ameritrade: Outlook for the U.S. Dollar and Currency Volatility

Kyriba Chief Evangelist Wolfgang Koester is interviewed by Nicole Petallides, TD Ameritrade host of “The Watch List with Nicole Petallides”, covering the outlook for the U.S. dollar, currency volatility, the impact on MNCs in 2021, and why banks need to partner with Kyriba.
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How Did CIOs Do With Their Business Continuity Plans in 2020?

Eric Adams, chief information security officer at Kyriba, said the need to serve customers never stopped. The company’s global client base of more than 2,000 enterprise corporate and financial institutions demanded the ability to see and control their cash and liquidity through Kyriba’s enterprise liquidity management platform.
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New Year, New Expectations: How Modern CFOs Need to Think about Enterprise Liquidity in 2021

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.
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AFP TiP Guide: Making Preparations for a Post-LIBOR World

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...
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Kyriba on Bloomberg Radio: Airbnb’s Currency Exposure Is A Big Red Flag: Koester (Radio)

Wolfgang Koester, Senior Strategy Officer at Kyriba, joins Bloomberg Radio hosts Paul Sweeney and Vonnie Quinnon to discuss the weakening US dollar and Airbnb’s liquidity challenge. Foreign currency exchange risk impacts impacted North American and European corporates to the tune of $17 billion dollars in the recent quarter. Tune in to hear how to avoid...
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Secret CSO: Eric Adams, Kyriba

What is the worst current trend in cybersecurity? “The worst trend so far is relying on a ‘checklist’ to check the box on security controls and then assume the organisation is safe…”
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Blueprint for Treasury in Asia-Pacific

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.
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Kyriba on Fox Business: Ending Federal Loan Programs: Mnuchin Declines Extension, Will Expire Dec 31

Kyriba Chief Evangelist Wolfgang Koester joined Maria Bartiromo on ‘Mornings with Maria’ to discuss the impact of United States Secretary of the Treasury, Steve Mnuchin’s, decision to end federal loan programs. “We look at what this means for corporations when the liquidity is cut off. We expect more volatility. Less liquidity for the people, can’t...
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Intesa Sanpaolo Strengthens Its Supply Chain Finance Program with an Innovative Dynamic Discounting Service Now Available to Businesses Thanks to the Agreement with Kyriba

Large buyers with significant excess liquidity can now offer suppliers advanced payment of invoices with a discount on the price that has been previously agreed upon. This new capability opens opportunities to optimize excess liquidity cycles while improving corporate margins, thereby simplifying supplier management and integrating flows and payments. Companies can now access the new...
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Rush to Repatriate FX Shows Dangers of Liquidity Opacity

A recent report finds that during the height of the pandemic companies that didn’t have enough visibility of their liquidity were quick to pull their assets out of multiple locations and centralise them in singular countries – primarily the US – without taking currency impacts into consideration.
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Kyriba Global Summit – Virtual Event Recap

We’re still enjoying the buzz and activity from the Kyriba Global Summit. While we focused on optimizing the viewer experience by keeping all sessions short and enabling customizable three-hour agendas, we actually produced 62 sessions in 5 languages, reflecting the insights from executives at 25 corporations, all delivered to an audience of nearly 4,000 registered...
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How to Survive and Prosper in Today’s Cash and Treasury Management Environment

Kyriba’s Global Summit – a virtual event truly catering for most global languages (English, French and Japanese, with subtitled broadcasts available in Italian and Spanish) – was impressive: It just worked. Once I’d got over wondering and marvelling at how the virtual event worked, I began to understand that Kyriba was showing their audience and...
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Kyriba Virtual Event Showcases Treasury Case Studies

The Kyriba Global Summit is described as a customised virtual event, where attendees will hear real stories of success and transformation from finance and IT executives on how they are effectively managing through the volatility that now defines our world.
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A Preview of
Kyriba Global Summit

Following on from my blog on why I joined Kyriba, I am proud to preview the Kyriba Global Summit, a three-and-a-half-hour virtual event in multiple languages that takes place on November 10, 11 and 17. The Kyriba Global Summit features stories from forward-thinking finance, treasury, and IT executives, who’ve found innovative new ways to drive...
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Industry Roundup: 30 October, 2020

Kyriba has announced a partnership with Midis Group, a technology organisation comprising some 170 companies across 70 countries in the EMEA region.
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The Morning Ledger: Green-Energy Companies Hope for Renewal of Tax Credit, National Plan After Election