TechValidate Research on Kyriba

These pages present data that TechValidate has sourced via direct research with verified customers and users of Kyriba. TechValidate stands behind the authenticity of all published data. Learn more »



290 Customers Surveyed

2,442 Data Points Collected

21 Published TechFacts

10 Published Charts

34 Published Case Studies



Selected Research Highlights


Kyriba Case Study

Large Enterprise Insurance Company

Introduction

This case study of a large enterprise insurance company is based on an August 2019 survey of Kyriba customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Kyriba:

  • Challenges they faced that caused their organization to invest in Kyriba:
    • Inefficient manual processes that waste time and resources
    • Lack of data and insight to support better decision making

Use Case

The key features and functionalities of Kyriba that the surveyed company uses:

  • Purchasing drivers for selecting Kyriba:
    • Highly connected ecosystem, i.e., banks, ERPs and other third-party financial systems
    • Depth of product functionality
    • 100% SaaS platform

Results

The surveyed company achieved the following results with Kyriba:

  • The biggest impact of choosing Kyriba so far:
    • Expanded visibility into cash and liquidity
    • Improved executive decision support
    • Saved time for strategic initiatives
    • Reduced financial and operational risk
    • Reduced operating costs through cloud automation
  • How much Kyriba has helped improve the following:
    • Protection against loss from fraud and financial risk: > 75%
    • Data and insights for better decision making: > 75%
  • Improved short and long-term cash returns by 25%-30% through improved visibility using Kyriba.
  • Improved their effectiveness in working with other teams and business units to support the organization’s strategic initiatives by greater than 75%.
  • Has seen an ROI of 7X with their Kyriba investment.

Kyriba Customer Research

Why Did You Select Kyriba?

Depth of product functionality
52%
Strong business case
46%
100% SaaS
41%
Globalization of solution
39%
Clear market leadership
32%
Superior global bank connectivity
32%
Commitment to security
25%

Kyriba Customer Review

NCR

5/5 Stars

How our organization uses Kyriba:

Implementation of common practice on a global basis. Treasury team now all use the same tool. Vastly improved Management Reporting and visibility. Tighter controls on payments. Improved forecasting and debt management.

Would you recommend Kyriba?

Kyriba is a very solid tool, one which continues to improve. Easy to use and easy to learn. A lot of functionality and the system can be configured to provide access that is relevant to the individual user.

Kyriba Customer Research

Increasing Insight & Strategic Value

What has been the biggest business benefits of choosing Kyriba so far?

Increased productivity
72%
Freeing up time for more strategic initiatives
63%
Improved executive decision support
31%
Improved working capital management
24%
Reduced costs via cloud automation
20%
Reduced operational risk, including preventing fraud and cybercrime
15%
Ability to maximize short-term cash investments
14%
Enhanced global compliance
11%

Kyriba Customer Satisfaction Rating

A Financial Analyst at a large enterprise consumer products company would be very likely to recommend Kyriba for this reason:

Excellent option to improve the visibility of the business to support decision making.

Kyriba Case Study

Success Story: Large Enterprise Retail Company

Introduction

This case study of a large enterprise retail company is based on an April 2019 survey of Kyriba customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Kyriba:

  • Challenges they faced that caused their organization to buy Kyriba:
    • Inefficient manual processes that wasted time and resources
    • Inability to get timely and accurate global cash forecasts
    • Inability to get better short-term cash investment returns

Use Case

The key features and functionalities of Kyriba that the surveyed company uses:

  • Has been a customer of Kyriba for 1-2 years.
  • Kyriba solution categories they are using:
  • Treasury Management (cash management, forecasting, debt, investments, BAM)
  • Payments (treasury and supplier payments, payments hub)
  • Top purchasing drivers for selecting Kyriba:
    • Strong business case
  • Results

    The surveyed company achieved the following results with Kyriba:

    • Biggest business benefits since choosing Kyriba:
      • Increased productivity
      • Improved working capital management
      • Ability to maximize short-term cash investments
    • Rates the following since implementing Kyriba:
      • improved staff productivity by automating treasury management processes: 50-75%
      • increase in time spent on strategic initiatives by reducing: 25-49%
      • reduced operational risk due to better controls: 50-75%
      • reduced impact of FX on earnings: 50-75%
    • Improved cash returns by > 30% since implementing Kyriba for better global cash visibility.
    • Experienced an ROI of 5X with their Kyriba investment.


    More to Explore



    About Kyriba

    Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and working capital optimization. Kyriba delivers a highly secure, 100% SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and financial risk, and accelerate growth opportunities through improved decision support. Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Tokyo, Dubai and other major locations.

      Kyriba Website