TechValidate Research on Kyriba


Kyriba Case Study

Success Story: Educational Institution

Introduction

This case study of a educational institution is based on a May 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.

“Increased efficiency and reduction of 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
    • Inability to get timely and accurate global cash forecasts
    • Lack of visibility into global bank account management fees

Use Case

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

  • Has been a customer of Kyriba for 5+ years.
  • Kyriba solution categories they are using:
  • Treasury Management (cash management, forecasting, debt, investments, BAM)
  • Top purchasing drivers for selecting Kyriba:
    • Commitment to security
    • Clear market leadership
    • Depth of product functionality
    • 100% SaaS
    • Globalization of solution
    • Superior global bank connectivity
    • Strong business case
  • 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 costs via cloud automation
      • 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: >75%
      • Increase in time spent on strategic initiatives by reducing: >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.




    About This Data

    This data was sourced directly from verified users of Kyriba by TechValidate.

    TechValidate verifies the identity and organizational affiliation of all participants that contribute to published research data. When research participants so desire, we also guarantee their anonymity so that they may share information honestly and freely.


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