Payments

Gain Visibility and Control Over Your Global Payments

Kyriba empowers organizations to manage their global payment processing securely and efficiently. Automated workflows make it simple to initiate, approve and release payments that meet internal controls and regulatory requirements. Kyriba supports a wide range of payment types, including wires, ACH, virtual card, cross-border payments, B2P and more, as well as offering ERP-to-bank connectivity.

 

Streamline Multi-Bank Payments

Kyriba’s global connectivity hub supports payments via multiple banks, including wires, ACH, virtual card, cross-border payments, B2P, and direct debit. Payments can be initiated using freeform entry screens, prepopulated templates, via import from ERP or through integration with other Kyriba modules such as netting, financial transactions or trade solutions. Using an extensive inventory of formats that were developed for our existing 2000+ clients over the last 15 years. Kyriba leverages this robust payment format library to formats payment files to meet the requirements of different banks and countries around the globe.

Watch the Video Kyriba Payments ›

 

Perfect Your Approval Workflow

Having the right approval workflow in place is an essential part of a robust controls framework. Kyriba uses digital signatures to support both internal approvals and external authentication. Payments are also routed through multiple approval levels based on characteristics including payment type, payment value and counterparty. And Kyriba’s mobile app makes it easy to approve payments remotely using a browser, Android or iOS devices.

 
“It was simply unsustainable to continue logging into each individual e-banking platforms in order to approve payments. Kyriba offers us a single, consolidated point of access across all our bank accounts, (giving us) the ability to set up payments, define different payment types, and to receive notification of pending approvals.”
ANDREW NICHOLSON
CFO, GRAFF DIAMONDS
 

Use the Best Routing Option

Kyriba supports multiple connectivity channels, from SWIFTNet and host-to-host connections to regional protocols like EBICS, Editran and Zengin. Blind routing means that payment files can be pre-approved and pre-formatted from the ERP before being sent directly via the appropriate channel. Kyriba can also use intelligent routing to choose the best connectivity channel – meaning that clients can achieve the greatest possible automation at the lowest possible cost.

Watch the Video: Kyriba Bank Connectivity ›

 

Take Advantage of Robust Security and Controls

It’s essential to minimize the risk of fraud while complying with regulatory requirements – and this means having a secure, reliable and consistent payment process. Kyriba connects directly to the bank, providing more security and better control than can be achieved using spreadsheets and bank portals. Providing SOC 1 and SOC 2 compliance, Kyriba also offers numerous robust security and control features, including audit trails, encryption and redundant disaster recovery.

 

Gain Central Control of Global Payments

Managing payments centrally can result in considerable efficiencies. Using Kyriba’s Payment Hub module, clients can manage their payment workflows and achieve straight through processing to banks. Payment Factory also enables organizations to implement ‘payment on behalf of’ (POBO) models for all payment types. Meanwhile, Kyriba’s netting capabilities optimize intercompany payment activity through multilateral, payables-based or receivables-based invoice netting.

Learn More About Corporate Payment Hubs ›

 

Payments Modules

Kyriba delivers a comprehensive array of payment capabilities, from treasury payments to more sophisticated corporate payment hubs. Learn more about our real-time payments fraud functionality.

 
  • Payments
  • SEPA Mandates
  • Payment Factory
  • Draft Payables/Receivables
  • Supplier Portal
  • Direct Debit
  • Digital Signatures
  • Early Payments
  • Payment Screening (OFAC, Sanction List)