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 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 Customer Research

Kyriba ROI

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

Greater than 75% 50%-75% 25%-50% Up to 25%

Improve visibility into global cash and liquidity
Protect against loss from fraud and financial risk
Make better decisions through improved data & insights

Kyriba Case Study

Small Business Real Estate Company

Introduction

This case study of a small business real estate 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:
    • Lack of visibility into global cash positions
    • Inefficient manual processes that waste time and resources
    • Operational risk, including fraud and cybercrime
    • The inability to improve cash returns based on poor cash visibility

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
    • 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
    • Maximized cash returns with better visibility
    • Saved time for strategic initiatives
    • Reduced financial and operational risk
  • How much Kyriba has helped improve the following:
    • Visibility into global cash and liquidity: > 75%
    • 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 20%-25% through improved visibility using Kyriba.
  • Improved their effectiveness in working with other teams and business units to support the organization’s strategic initiatives by up to 25%.
  • Has seen an ROI of 10X with their Kyriba investment.

Kyriba Customer Review

Strong Approval from Educational Institutions

5/5 Stars

How our organization uses Kyriba:

Cash positioning, bank account management, bank fee analysis.

Would you recommend Kyriba?

Ease of use and excellent support from Kyriba Social.

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 Case Study

Success Story: Educational Institution

Introduction

This case study of a medium enterprise insurance 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.

“Automation and key reduction in operational risk/key person risk.”

Challenges

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

  • Challenges they faced that caused their organization to buy Kyriba:
    • Inefficient manual processes that wasted time and resources
    • Improved decision support

Use Case

The key features and functionalities of Kyriba that the surveyed organization 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)
  • Top purchasing drivers for selecting Kyriba:
    • 100% SaaS
    • Superior global bank connectivity
  • Results

    The surveyed organization achieved the following results with Kyriba:

    • Biggest business benefits since choosing Kyriba:
      • Increased productivity
      • Freeing up time for more strategic initiatives
      • Reduced operational risk, including preventing fraud and cybercrime
    • 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: 50-75%
      • Reduced operational risk due to better controls: 50-75%
    • Improved cash returns by up to 15% since implementing Kyriba for better global cash visibility.
    • Experienced an ROI of 2X with their Kyriba investment.


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    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