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“The investment in Kyriba’s SaaS platform had already generated a positive NPV by the end of the six-month implementation and an IRR exceeding 800 percent after the first year alone.”
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"Around 70% of transactions are now processed electronically and we have gained full visibility over our cash and financial transactions. Our processing times are significantly reduced and we have made significant operational cost savings, which have more than offset the implementation costs."
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“Kyriba’s automation not only improved operational efficiency but also unlocked opportunities for strategic initiatives. They helped us shift from day-to-day operational concerns to focusing on financial strategies that add value.”
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“Before Kyriba, it took fi ve days to establish a consolidated cash position. Today, everything is available in real time.”
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“With Kyriba, we can maintain the system ourselves. With our previous system, changes to mapping rules and general ledger account numbers had to be programmed by an internal IT resource which took time, causing manual intervention until completed. With Kyriba, I can make that same change myself in 30 seconds.”
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“Kyriba enables our treasury team to increase its productivity and maintain a much stronger control over our cash holdings and FX exposure. By automating a number of tasks that we previously had to complete manually, as well as integrating into the corporate ERP solution, the team is able to work …
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"Kyriba's solution allows us to save hardware costs and time to implement/to upgrade the software, but most important it provides real time visibility into our multibank and multi subsidiary accounts instantly from a web browser."
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"Kyriba’s web-based solution offers us an easy to use, yet comprehensive tool for managing our treasury operations. We are particularly pleased with Kyriba’s Cash Positioning and Forecasting capabilities and look forward to implementing the solution globally.”
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"Create a vision of how treasury should work at your organization. Find the right technology and banking partners to deliver best practice."
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"Overall, we expect to optimize operational efficiency by 80 percent, while reducing operational costs by around 20 percent, with the expectation that these metrics will improve over time."
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"The business operates in many different countries and across more than 100 different subsidiaries, it became impossible to maintain any degree of control over the group-wide liquidity."
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"Having confidence in the security of the payment process was extremely important, and the fact that Kyriba manages the entire process without any third-party integration, was crucial."
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"We wanted to offer our suppliers an alternative solution while significantly improving funding timeliness."
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"Since migrating our APAC entity forecasting process onto Kyriba in Q3 of 2017, we have calculated a saving of 5 hours per day whilst automating the required payments."
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"From one single, low maintenance and user-friendly platform, we have greater visibility of current and future cash positions, solid controls and less reliance on error-prone spreadsheets."