Industry

Insurance

To keep up with the increasing demands placed on treasury, treasurers in the insurance industry need to streamline and automate key processes, while also protecting against fraud and financial risk.

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Many health care organizations are challenged by a high volume of payment activity and complex liquidity pooling structures. Treasury can cultivate better cash management and payments processes with Kyriba’s:

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Scalable Payments

Kyriba centralizes payment activity and facilitates the screening of payments from various sources to ensure compliance.

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Comprehensive Pooling Functionality

Kyriba can mirror physical accounts into multiple virtual accounts to reflect the way a business is run.

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Flexible Cash Position Views

Kyriba allows for complex cash position structures to be created using the analytical tree functionality of the Kyriba cash position.

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It’s done a tremendous job with all of our bank integrations in giving us real-time cash forecasting and reporting. What we’re looking forward to doing is activating and turning on the accounting components.
MEGAN LAPELLE SENIOR MANAGER OF CORPORATE ACCOUNTING, ARTHUR J. GALLAGHER & CO. Hear the success story
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Average Quantitative Results

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Hours saved per month using Kyriba

1234
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Hours saved per month on daily cash positioning

581
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Average of payback months

2.76

Source: Data compiled from surveying more than 200 companies as part of Kyriba's value engineering process.

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Overcoming Inefficient, Manual Processes

Learn how a Fortune 500 insurance company was able to improve cash returns by up to 15 percent and experience ROI of 2X their TMS investment.

Read the success story
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Kyriba has created a nice cash management environment for our company. It has given us stability since it is a SaaS product. They continue to look for improvements and to be a market leader.
FORTUNE 500 INSURANCE COMPANY SOURCE: TECH VALIDATE

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