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 »



721 Data Points Collected

15 Published TechFacts

5 Published Charts

19 Published Case Studies



Selected Research Highlights


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: Real Estate Company, Canada

Introduction

This case study of a small business real estate 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 less than six months.
  • Kyriba solution categories they are using:
  • Treasury Management (cash management, forecasting, debt, investments, BAM)
  • Top purchasing drivers for selecting Kyriba:
    • Depth of product functionality
    • Globalization of solution
    • 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 working capital management
      • Improved executive decision support
    • Rates the following since implementing Kyriba:
      • Improved staff productivity by automating treasury management processes: >75%
      • Increase in time spent on strategic initiatives by reducing: >75%
      • Reduced operational risk due to better controls: >75%
      • Reduced impact of FX on earnings: 25-49%
    • Experienced an ROI of 3X with their Kyriba investment.

    Kyriba Case Study

    Success Story: NCR Corporation

    Introduction

    This case study of NCR Corporation is based on an April 2019 survey of Kyriba customers by TechValidate, a 3rd-party research service.

    “Improved processes, better control, common platform across regions.”

    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
      • Operational risk, including fraud and cybercrime
      • Ensuring better compliance with global regulations / standards
      • Improved decision support

    Use Case

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

    • Has been a customer of Kyriba for 5+ 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:
      • Commitment to security
      • Clear market leadership
      • Depth of product functionality
      • 100% SaaS
      • Globalization of solution

    Results

    The surveyed company achieved the following results with Kyriba:

    • Biggest business benefits since choosing Kyriba:
      • Increased productivity
      • Reduced operational risk, including preventing fraud and cybercrime
      • Improved working capital management
      • Ability to maximize short-term cash investments
      • Improved executive decision support
    • Rates the following since implementing Kyriba:
      • Improved staff productivity by automating treasury management processes: 25-49%
      • Increase in time spent on strategic initiatives by reducing: up to 25%
      • Reduced operational risk due to better controls: 25-49%
      • Reduced impact of FX on earnings: up to 25%
    • Improved cash returns by 15% to 25% since implementing Kyriba for better global cash visibility.
    • Experienced an ROI of 2X with their Kyriba investment.

    Kyriba Customer Review

    ‘An Excellent Choice’ …

    4.5/5 Stars

    How our organization uses Kyriba:

    1. Determine daily liquidity
    2. AR matching
    3. Bank account management
    4. Entitlement/signer management
    5. Forecasting

    Would you recommend Kyriba?

    It is an excellent choice for SaaS treasury workstation tool. Easy to work with once you get it set up. All updates are done globally with little to no disruption to the end users. Customer service is excellent. Can’t say enough good things about Kyriba Social.

    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
    Reduced operational risk due to better controls
    Reduced impact of FX on earnings

    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%


    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