“Don’t forget the legal side of things. This can be extremely complicated and it’s very important to get it right, so make sure you allocate sufficient time and resources to that. Marketing the benefits of reverse factoring to suppliers is also key – if you make the business case clear …

“We now have a centralized tool that everyone uses globally to standardize how we manage cash and that has created efficiencies in our operating model.”

"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.”

"We signed in July 2014, and worked with our main banking partner from the end of September. The MT940 was already operating, and we were in production on December 1, 2014! In less than two and a half months, we were making our payments from Geneva."

"We need to secure our payments abroad so as to avoid the risk of defaulting. Everything that has happened in Angola necessitates greater visibility and less margin for error."

"Chalhoub Group Treasury has established an active in-house bank function to automate the organization’s key cash and FX management functions - which is quite a change from the highly decentralized situation of just two years ago."

"On top of the major time and productivity benefits, Kyriba gave us huge peace of mind. Knowing that our forecast was accurate enabled us to be much more strategic in the way we used cash. The increased visibility also enabled us to comply with accounting regulations with a greater degree …

“To improve the purchasing power and the quality of life of the greatest number of customers, with responsible, professional, committed and respected employees.”

"Kyriba has provided the core capabilities that matched our basic requirements. Kyriba knows how to tackle complexity and has expanded its capabilities as our needs have evolved. We anticipate significant return on investment from this project and improved communication with our many affiliates which ultimately will also contribute positively to …

“Previously, our first ten business days were dedicated to month-end closing. Now, our cash manager can complete this work in one business day.”

“We reduced cash balances by 25% with the clear visibility to all of our balances and the ease in which we can concentrate funds and send them to our investment account.”

“We reduced the amount of history stored for online bank reporting from 12 months to 60 days."

“Cash forecasting is very easy to use. We have been able to simplify our processes and save a lot of time which has led us to be able to spend more time on strategic analysis.”

“Kyriba's commitment to security is so important to us because it gives us a sense of peace knowing they are doing their best to protect our information.”

“Kyriba is a very sophisticated FinTech. We like the ease of use of the system. We like the fact that it can support people in multiple languages, we like the fact it provides international support so Kyriba is a partner and we hope that relationship grows.”