TechValidate Research on Kyriba


Kyriba Case Study

Fortune 500 Insurance Company

Introduction

This case study of a Fortune 500 insurance 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.

“Kyriba has created a nice cash management environment for our company. It has given us stability since it is a SaaS product. They continue to look for improvements and to be a market leader.”

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

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:
    • Clear market leadership
    • 100% SaaS
  • 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
    • Rates the following since implementing Kyriba:
      • Improved staff productivity by automating treasury management processes: up to 25%
      • Increase in time spent on strategic initiatives by reducing: up to 25%
      • 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 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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