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 Customer Testimonial

Testimonial: Education

Saves valuable employee time so they can take on other tasks. Better forecasting means better management of cash to meet target balances and minimize borrowing costs.

Controller, Educational Institution

Kyriba Customer Testimonial

Testimonial: Retail

The greatest benefit we realized with Kyriba was the time savings for GL postings. We were able to automate the process and gain flexibility in mapping options. Overall, we have eliminated MANY cumbersome spreadsheets and reduced human error.

Business Professional , Large Enterprise Retail Company

Kyriba Case Study

Success Story: Medium Enterprise Beverage Company

Introduction

This case study of a medium enterprise beverage 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
    • Lack of visibility into global bank account management fees
    • 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)
  • Risk Management (FX exposure management, hedge accounting, risk analysis)
  • Payments (treasury and supplier payments, payments hub)
  • Payments Fraud

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
    • Ability to maximize short-term cash investments
  • Rates the following since implementing Kyriba:
    • Improved staff productivity by automating treasury management processes: 50-75%
    • Reduced operational risk due to better controls: up to 25%
  • Improved cash returns by up to 15% since implementing Kyriba for better global cash visibility.
  • Experienced an ROI of 3X with their Kyriba investment.

Kyriba Customer Research

Kyriba ROI

Please rate the following since implementing Kyriba.

>75% 50-75% 25-49% Up to 25%

Improved staff productivity by automating treasury management processes
Increase in time spent on strategic initiatives by reducing manual processes
Reduced operational risk due to better controls
Reduced impact of FX on earnings

FiREapps Customer Research

FX Risk Management ROI

How much has FiREapps been able to help you with the following?

Greater than 75% 50-75% 25-50% Less than 25%

Increase visibility into FX exposures
Protect against FX-related impacts to earnings
Improve operational efficiencies

Kyriba Case Study

Membership Organization

Introduction

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

“Excellent client support, and excellent bank-ledger integration and daily reconciliation.”

Challenges

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

  • Challenges they faced that caused their organization to invest in Kyriba:
    • Lack of visibility into global cash positions
    • 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 organization uses:

  • Purchasing drivers for selecting Kyriba:
    • Depth of visibility into cash, liquidity and risk
    • Highly connected ecosystem, i.e., banks, ERPs and other third-party financial systems
    • Depth of product functionality
    • Globalization of solution

Results

The surveyed organization 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
    • Speed of bank-ledger reconciliations
  • How much Kyriba has helped improve the following:
    • Visibility into global cash and liquidity: > 75%
    • Protection against loss from fraud and financial risk: Up to 25%
    • Data and insights for better decision making: 25%-50%
  • Improved their effectiveness in working with other teams and business units to support the organization’s strategic initiatives by 25-50%.


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