TechValidate Research on Kyriba


Kyriba Case Study

Large Enterprise Hospitality Company

Introduction

This case study of a large enterprise hospitality 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:
    • Operational risk, including fraud and cybercrime
    • Ensuring better compliance with global regulations / standards

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:
    • Payments (treasury and supplier payments, payments hub)
  • Top purchasing drivers for selecting Kyriba:
    • Commitment to security
    • 100% SaaS
    • Globalization of solution
    • Superior global bank connectivity
    • Strong business case

Results

The surveyed company achieved the following results with Kyriba:

  • Biggest business benefits since choosing Kyriba:
    • Reduced costs via cloud automation
    • Reduced operational risk, including preventing fraud and cybercrime
    • Enhanced global compliance
  • Rates the following since implementing Kyriba:
    • Reduced operational risk due to better controls: >75%




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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