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 Hospitality Company

Introduction

This case study of a large enterprise hospitality 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:
    • Operational risk, including fraud and cybercrime
    • Ensuring better compliance with global regulations / standards

Use Case

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

  • Has been a customer of Kyriba for 3-4 years.
  • Kyriba solution categories they are using:
    • Payments (treasury and supplier payments, payments hub)
  • Top purchasing drivers for selecting Kyriba:
    • Commitment to security
    • 100% SaaS
    • Globalization of solution
    • Superior global bank connectivity
    • Strong business case

Results

The surveyed company achieved the following results with Kyriba:

  • Biggest business benefits since choosing Kyriba:
    • Reduced costs via cloud automation
    • Reduced operational risk, including preventing fraud and cybercrime
    • Enhanced global compliance
  • Rates the following since implementing Kyriba:
    • Reduced operational risk due to better controls: >75%

Kyriba Customer Satisfaction Rating

A Controller at an educational institution would be very likely to recommend Kyriba for this reason:

Cost effective, SAAS solution, other parts of our industry use them, good customer service, user guides available.

Kyriba Case Study

Success Story: Medium Enterprise Banking Company

Introduction

This case study of a medium enterprise banking company is based on a May 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
    • Improved decision support

Use Case

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

  • Has been a customer of Kyriba for 3-4 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:
    • Depth of product functionality
    • 100% SaaS
    • Strong business case
  • Results

    The surveyed company achieved the following results with Kyriba:

    • Biggest business benefits since choosing Kyriba:
      • Increased productivity
      • Freeing up time for more strategic initiatives
      • Improved executive decision support
    • 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%
    • Improved cash returns by 15% to 25% since implementing Kyriba for better global cash visibility.

    Kyriba Customer Review

    5/5 Stars

    How our organization uses Kyriba:

    Treasury Management, short and long term loan processing, cash flow management.

    Would you recommend Kyriba?

    Top notch system. Ease of utility. Cloud based.

    Kyriba Customer Research

    Key Challenges Before Kyriba

    What were the challenges you were facing that caused your organizations to buy Kyriba?

    Inefficient manual processes that wasted time and resources
    77%
    Improved decision support
    46%
    Inability to get timely and accurate global cash forecasts
    40%
    Lack of visibility into global bank account management fees
    24%
    Operational risk, including fraud and cybercrime
    12%
    Ensuring better compliance with global regulations / standards
    12%
    Identification and management of FX risk and exposures
    9%
    Inability to get better short-term cash investment returns
    5%

    Kyriba Customer Research

    Enabling Better Support of Strategic Objectives

    By using Kyriba, how much more effective are you in working with other teams and business units to support the organization’s strategic initiatives?

    Greater than 75%: 25%
    50%-75%: 22%
    25-50%: 23%
    Up to 25%: 30%


    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