The IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment underscores the crucial role of effective liquidity management. The report highlights liquidity ratios as vital indicators of financial stability, impacting decisions and investor confidence.

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FX Turbulence Cost Global Firms $22.5 Billion in First Quarter

Foreign-exchange volatility cost North American and European companies $22.5 billion in the first quarter, when a weaker dollar proved beneficial to US multinationals.

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Rethinking currency risk management amid $22.52bn FX headwinds

Andy Gage, senior VP of FX solutions at Kyriba, talks FX headwinds and solutions deployed by firms to mitigate currency risks.

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Kyriba Demo Webinar Series: Bank Connectivity as a Service

Kyriba connects to over 1,000 banks and more than 10,000 ERP instances, delivering the largest global network for ERP-to-bank connectivity. As one client recently put it, “we aren’t in the payment formatting business nor do we want to be.” So, how can Kyriba clients eliminate manual payments workload and minimize fraud risks through an end-to-end...

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5 Steps to Avoid a Payments Catastrophe

Connecting your ERP(s) to your banks became a lot more complicated with the launch of FedNow, cross-border instant payment networks, the migration to XML ISO20022 formats and the need to inject AI into your fraud detection process. To keep payments safe and eliminate 6-12 months from your ERP migration, there are five simple steps to...

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Now’s the Time to Get Ready for FedNow

What does the instant-payments landscape look like now, and how will it change when the Fed enters the market later this month? The Federal Reserve’s FedNow service has been in the works for years. The instant-payment settlement platform will provide an alternative to the Real-Time Payments (RTP) network from The Clearing House, and it’s scheduled...

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Liquidity Risk Management and Governance for Advancing Treasury

When Deloitte asks treasurers the CFO mandate they receive to do their jobs, liquidity risk management is the top response. In fact, about 96% of all the treasurers or treasury organizations polled say that the most critical mandate they receive from their CFO is ensuring the company is safeguarded against liquidity events. The other top...

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Taming FX Volatility with Enhanced Currency Risk Management Strategy

The Kyriba Currency Impact Report for Q1 2023 indicated corporate impacts to earnings from FX volatility have continued to decline from the record high losses experienced throughout 2022 with a total reported aggregate headwind of $22.5B – a quarter-over-quarter decrease of 25.5%. For many, this may be a welcome relief. However, the total aggregate headwind...

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Six Financial Risks Kyriba Can Help CFOs Tackle in 2023

As the role of the chief financial officer (CFO) continues to evolve, so do the financial risks they face in today’s dynamic business landscape. In 2023, CFOs are confronted with an array of challenges, ranging from regulatory compliance to cybersecurity threats and economic volatility. This blog focuses on the current financial risks CFOs encounter and...

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Kyriba’s Currency Impact Report: Multinationals’ FX Headwinds Wipe Out $22B in Revenue

July 2023 Report Reveals Inflationary Pressures Led to Fourth Largest Impact on Record; 45% Year Over Year Spike in Headwinds to North American Corporations SAN DIEGO – July 18, 2023 — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in...

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Kyriba’s July 2023 Currency Impact Report

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

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Kodak Excels with Automated Treasury Reporting

Prior to adopting and implementing Kyriba globally, the teams at Kodak were unable to provide senior leadership with a snapshot of their daily global cash balances. Simply looking at the bank balances did not provide Kodak with insight into marketable securities and other pertinent information. The CFO, Treasurer and other senior leaders needed a snapshot...

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International Treasury Centers Unlock Global Cash Visibility

During the pandemic, most organizations have experienced unexpected fluctuations in their cash and liquidity levels due to the volatile, unsettled global economy. Treasury operating models have a direct correlation to how well cash positioning and liquidity forecasting is delivered and executed.

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The Merits of a Platform Utilization Study

When Kyriba presented the option of a platform utilization study to the treasury team of Health Care Service Corporation (HCSC), they seized the opportunity. Their treasury team wanted to understand how HCSC was using their treasury management system (TMS), as well as the processes built around it, since the system implementation. A panel discussion at...

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Discovering Treasury’s Role in Supply Chain Finance

Supply chain finance (SCF) is a way for companies to better manage their working capital and leverage opportunities made available by high interest rates, recent developments in supply chain management, and strong relationships between buyers, suppliers, banks, and other solution providers. After providing important background information about the opportunities and developments in supply chain finance,...

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Seamless API Integration Helps Treasury Get the Most Out of Cash

With cash being more important than ever and increasing pressure to make the most out of their excess reserves, treasury professionals must deploy the necessary tools for quick and easy deployment of excess cash. A panel session at KyribaLive 2023 discussed how Kyriba and global investment portal ICD’s partnership is transforming the way that treasurers...

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Navigating Financial Flux: CFOs Perspective on Strategic Treasury Management

While corporates have enjoyed an unprecedented financial boom for years, the recent volatility in the global markets is an indicator of changing times that could bring sharply rising interest rates and the end of cheap money. The recent demise of Silicon Valley Bank is a wake-up call to the purpose of capital and liquidity requirements and the importance of strategic treasury management.

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Kyriba SAP Integration

Unleash the Power of Enterprise Liquidity Management with SAP and Kyriba: The certified Kyriba SAP integration, including SFTP and API integration, seamlessly connects SAP with Kyriba to automate the workflow between the two platforms.

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Kyriba & Goldman Sachs Asset Management Mosaic

Expanding Investment Options for Treasurers to Increase Return on Surplus Liquidity Kyriba’s Treasury Management System now connects with Goldman Sachs Liquidity Solutions Platform, Mosaic, expanding options for treasurers and increasing ways to keep surplus liquidity invested faster and longer. The partnership streamlines investments, creating an end-to-end workflow for investing in money market funds and introducing...

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Kyriba Leads Real-Time Liquidity and Payments Surpassing 100 Million API Calls

Kyriba reaches milestones with API calls and connectors for instant payments, real-time bank statement reporting, payment fraud prevention and liquidity management SAN DIEGO – June 29, 2023 — Kyriba, (“the Company”) a global leader of cloud-based finance and liquidity solutions, announced today that the Kyriba platform has processed more than 100 million application programming interface...

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Harness the Power of Treasury Analytics

“There were 5 exabytes of information created between the dawn of civilization through 2003,” Eric Schmidt, still the CEO at Google in 2010, once proclaimed, “but that much information is now created every 2 days, and the pace is increasing.” Today, data has already become a ‘norm’ for almost all businesses. At KyribaLive 2023, Vincent...

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Liquidity Planning Demo: Key to Real-time Decision Support

Tuesday, July 4th | 10:00 am SGT Find out how Kyriba’s Cash Management, Liquidity Planning and Liquidity Analytics modules enables treasury teams and finance leaders in treasury to proactively manage cash and liquidity lifecycles end-to-end.

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Liquidity Planning Demo: Optimizing Cash and Liquidity in Kyriba

A showcase of Kyriba’s cash and liquidity management capabilities. Our presentation team will demonstrate how Kyriba clients use our platform to transform their approach to cash and liquidity planning.

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How Treasury Can Benefit from the Government Threatening to Default

Corporate treasury teams can leverage the recent debt-ceiling standoff to improve their preparedness for future crises. One of the most important lessons learned from the recent debt-ceiling standoff is that the U.S. government is capable of having cash flow problems. Obviously, U.S. Treasury Secretary Janet Yellen faced a very different situation than the typical corporate...

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How Streamlined Bank Connectivity Enhances Business Performance for the Office of the CFO

In today’s fast-paced and uncertain business environment, the role of the Chief Financial Officer (CFO) is increasingly complex. A panel session at KyribaLive 2023 discussed how BlackLine and Kyriba, in partnership with RSM, build automated workflows through streamlined bank connectivity for joint clients and support them to enhance business performance. The discussion highlighted the importance...

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Top 3 Cash Flow Mistakes Every Treasury Makes

The cash forecast is once again the most critical tool connecting treasury with corporate strategy and board-level decisions. Companies are expected to increase cash flow and drive a greater return on cash in this higher interest rate environment.

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Improving Working Capital Metrics and Receivables Cash Conversion Cycle

Corporate insolvencies are expected to grow in 2023 as energy prices, interest rates and direct lending costs increase. The faster companies can improve their cash conversion cycle, the less working capital will be required to support the business, and the higher the certainty of future cash flows. In this KyribaLive 2023 session, Kyriba Working Capital...

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Six Questions Every Treasurer Should Ask About How to Forecast Cash Flow

Consistent cash flow forecasting is arguably the holy grail of corporate treasury. Treasurers are tasked with a tremendous responsibility to predict the future cash flow performance of their organization. From securing liquidity for internal customers to providing free cash flow guidance and variance analysis to the board of directors, cash forecasting in treasury management is...

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Elevating the Business Case for a Digital Treasury Transformation

The economic uncertainty and volatility in the market today is causing many organizations to turn to cost-cutting initiatives to ensure business longevity. While most businesses are planning to maintain their budgetary allocations for investment in their people and technology, treasury departments could still face obstacles, including limited budgets and competition with other projects. Therefore, the...

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What CFOs Expect from Treasury in 2023

What do CFOs expect from their treasury leaders in the current volatile and uncertain economic outlook? During a panel session at KyribaLive 2023 moderated by Dory Malouf, Kyriba Director Value Engineering North America, treasury experts discussed CFOs’ priorities in 2023, the current economic state and what CFOs expect from their treasury and finance leaders. The...

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RSM Partnership Delivers Treasury Operation Success at CSIG and More

RSM US LLP is continuing to invest in its treasury operation and is a premier partner to the Kyriba organization. RSM is the fifth largest audit, tax, and consulting firm in the United States with 87 offices and over 14,000 professionals. Globally, RSM has over 51,000 employees in 124 countries supported through our member firm...

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Warner Bros. Discovery’s Treasury Transformation with Kyriba

When Warner Bros. Discovery completed its merger in 2022, it created an opportunity to review and overhaul the treasury function. The result was a treasury that streamlined and rationalized processes and responsibilities, leveraging Kyriba to drive new levels of efficiency. In this panel session from KyribaLive 2023, Warner Bros. Discovery and system implementation partner Actualize...

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Payments Resilience: Top Three Strategies to Eliminate Payments Fraud Risks

Payments fraud continues to plague treasury and finance departments, as criminals’ methods are continuously evolving. From new threats like deepfake technology to old standbys like business email compromise (BEC), financial professionals cannot afford to be complacent when it comes to payments fraud risks. Being proactive is imperative when it comes to fraud protection. Organizations need...

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Centralizing Payments with an In-House Bank to Fully Optimize Working Capital

Modern treasury teams have numerous available tools and structures to succeed in today’s global economy. With supply chain disruptions and decreased cash flows prevalent, treasury can leverage an in-house bank (IHB) and Payments Hub to optimize working capital for an improved liquidity portfolio. This eBook highlights three key areas in which an IHB can improve...

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Sabre, Varsity Brands, CHFA and International Seaways: Treasury Success with Elire and Kyriba

Elire is a Kyriba Platinum Plus Partner with over 18 years of experience helping clients implement successful Treasury Management Solutions. With an experienced team of over 20 Treasury Consultants across multiple Treasury disciplines and solutions, Elire has an intense focus on Kyriba products and services. Below are some highlights from Q2 2023 successful client wins...

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Cash Forecasting 2.0: The Emergence of Liquidity Planning

The CFO no longer cares about your cash forecast! They need more. CFOs are focused on meeting free cash flow targets and require real-time insight to proactively manage liquidity across the enterprise to reduce vulnerability to rising rates and unlock growth. To support the CFO, Treasurers need to evolve beyond visibility into cash by making...

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Making Your Treasury Cash Forecasting Actionable

Treasury cash forecasting has become an integral part of an organization’s financial operations, as budgeting and forecasting allow organizations to be more forward thinking. With interest rates on the rise, FX volatility, supply chain challenges and the possibility of a recession looming, this forward-thinking mentality has become increasingly important for organizations. Unfortunately, a 2022 IDC...

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Transforming into a Data-Driven Treasury

Each year, AFP Pinnacle Award winner Health Care Service Corporation (HCSC) becomes more data-driven, and a panel session at KyribaLive 2023 reveals how HCSC transformed their treasury operations into a data-centric system, unlocking cash flow, optimizing working capital, and unleashing 1,000+ hours of productivity. In this blog you will find a summary of this inspiring...

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Volatile Times Require Effective Working Capital Solutions

In this e-book, you will gain an understanding of how supply chain finance (SCF), dynamic discounting and receivables finance can create a win-win solution for both buyers and suppliers while enabling treasury and procurement to work hand-in-hand to deliver working capital improvements.

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AFP 2022: Kyriba Client Testimonials for Enterprise Liquidity Management

Organizations from many industries and of various sizes have embraced Kyriba for their enterprise liquidity management needs. At AFP’s annual conference, our team set up a testimonial station at our convention booth, where clients and users shared their insights and the benefits that Kyriba has offered for their operations. In this Kyriba client testimonials video,...

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FilmRise: Implementation of the Year Award Runner Up

Awarded to the company that had a clear project plan, stuck to it, and maintained the project discipline to achieve a go-live date with great success. Nominated by 3PO Consulting.

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Orix: Fraud and Compliance Masters Award Winner

Recognizing best-in-class performance in payments fraud solution and compliance management.

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Debt deal welcomed by investors, though risks loom

Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the White House and House Republicans late Saturday would avert...

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Accelerating Your Business with Compelling Real-Time Payments Use Cases for Treasury and Finance

Making Real-Time Payments a Reality for Finance and Treasury
Real-time payments initiatives are proliferating all over the globe and while many countries have jumped on the bandwagon with various real-time payments use cases, corporate adoption has lagged. But to build the business case for implementing real- time, treasury and finance departments need to identify more business relevant use cases.

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Williams-Sonoma: Achievements in Productivity Award Runner-up

Awarded to the company that has posted significant gains in productivity, freeing up treasury's time to focus on more strategic initiatives. Nominated by 3PO.

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Unprecedented FX Volatility in 2022 is a Wake-up Call for CFOs

The most recent Kyriba Currency Impact Report confirms the unprecedented wild ride in FX volatility for the calendar year of 2022. Cumulative reported aggregate impact for 2022 was just shy of $170 Billion, by far the largest annual aggregate impact since the Currency Impact Report has been tracking Corporate FX Impacts to financial performance. Regarding...

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Warner Bros. Discovery: Implementation of the Year Award Winner

Awarded to the company that had a clear TMS implementation project plan, stuck to it, and maintained the project discipline to achieve a go-live date with great success. Nominated by Actualize Consulting.

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Currency Swings Shave $29 Billion off of Profits

In Q4/2022, global FX markets were costly for North American companies, but less so than in Q3/2022. Swings in global foreign exchange (FX) markets cost the companies about $28.9 billion in the last three months of 2022, according to Kyriba Corp. That puts the total amount of North American corporate profits lost due to currency...

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Demo Series: FX Cash Flow & Back Office Demo

Tuesday, June 13th | 11:00am ET | 8:00am PT | With increased foreign exchange volatility expected to continue for the foreseeable future combined with rising hedging costs, FX Risk Management is proving to be one of the most difficult objectives handed down from the office of the CFO.

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Wild Currency Swings Shaved $29 Billion Off of Corporate Profits

Firms saw impact from euro, Canadian dollar in fourth quarter of 2022. Kyriba data shows that volatility in FX markets was a major factor in 2022.

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Currency Volatility Places CFOs in “Tenuous Position”: Kyriba

The latest quarterly Kyriba Currency Impact Report finds that the currency impact in Q4 2022 on corporations in North America and Europe was the third highest since the company started tracking results at over $32 billion.

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Currency fluctuations’ effect on North American companies fell in fourth quarter, report shows Reuters

The negative impact of currency fluctuations on North American companies’ results fell in the fourth quarter of 2022 compared with the previous quarter, data from treasury and financial management firm Kyriba showed on Thursday.

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Kyriba’s Currency Impact Report: Multinational Corporations Quantify FX Impacts Totaling Near Record $32.21 Billion

FX Volatility Leads to Third Largest Quantified Earnings Impact to Date as CFOs Continue to Struggle with Currency Risk SAN DIEGO – May 18, 2023 — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with...

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American Honda, Improving Liquidity Management with Kyriba & ICD

With continued uncertainty in financial markets and the economy, managing liquidity and diversifying cash investments is top of mind for many treasury professionals. In this webinar, American Honda shares how they use Kyriba’s ICD API integration to mitigate risk while getting the most out of their working capital.

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How to Prepare Treasury for Instant Payments in 2023

With the U.S. Federal Reserve set to launch its FedNow system soon, 2023 is going to be a big year for real-time and instant payments. A panel session at KyribaLive 2023, moderated by Mike Gwozdek, Principal Consultant, 3PO Consulting, explores some of the potential real-time payments milestones that could come to fruition this year, as...

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How American Tire Distributors Gains Cash Flow Visibility with Consolidated Cash Reporting & Debt Management

Efficient financial management and cash flow visibility are critical for an organization’s success. Recently American Tire Distributors (ATD), one of the leading tire distributors in North America, discovered the importance of streamlining treasury operations was necessary to meet leadership’s expectations. At KyribaLive 2023, Ryan Hutchinson, former ATD treasury analyst and Mike Kapala, the finance automation...

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Kyriba’s May 2023 Currency Impact Report

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

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What is Receivables Finance?

Receivables finance, also known as invoice finance, is a type of working capital facility that enables businesses to borrow against unpaid invoices. Receivables finance helps businesses to improve their cash flow by unlocking the value of invoices they’ve already issued, allowing them to access funds immediately instead of waiting for their customers to pay.

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New York Life Investments: Payments Innovator Award Winner

Awarded to the company that has minimized fraud, standardized and streamlined payment processes.

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Costco and Phillips 66: Treasury Operations Client Success Award Winners

Chosen by Kyriba's Client Success Team for best-in-class performance across treasury operations.

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Nucor: Payments Innovator Award Winner

Awarded to the company that has minimized fraud, standardized and streamlined check payment processing. Nominated by 3PO Consulting.

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What is Treasury Data Analytics?

Treasury data analytics is the practice of using data analysis techniques to gain insights into a company’s treasury operations, including cash and liquidity management, investment portfolios, risk management, and supply chain finance. Treasury data analytics involves collecting, processing, and analyzing data from multiple sources, including bank statements, cash flow statements, financial reports, and market data....

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HF Sinclair: Treasury Transformation Award Winner

Awarded to the company that embraced technology for optimal transformation and efficiency of their treasury department.

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Charter Communications: Winner of Achievements in Productivity Award

Awarded to the company that has posted significant gains in productivity by creating fully automated cash and investment workflow, freeing up treasury's time to focus on more strategic initiatives. Nominated by ICD.

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Otis: FX Optimization Award Runner Up

This award, sponsored by Kyriba partner and client Oanda, honors the company that has embraced Kyriba's FX module, and made great strides in managing FX exposure and risk.

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Building a Global Payments Factory – Beam Suntory’s Transformation Story

Operating on a global scale can lead to various challenges for an organization, particularly when it comes to payments processing, payments centralization and payments optimization. This is true for Beam Suntory, the world’s third largest producer of distilled beverages and spirits. A long-time user of Kyriba as a treasury management system, Beam Suntory realized the...

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MetLife: Fraud and Compliance Masters Award Winner

Recognizing best-in-class performance in payments fraud prevention and compliance management.

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Liquidity Planning Demo: Real-time Decision Support – Kyriba

May 18 | 11:00am SGT | Join Kyriba on 18th May 2023 at 11am SG time and find out how Kyriba’s Cash Management, Liquidity Planning and Liquidity Analytics modules enables treasury teams and finance leaders in treasury to proactively manage cash and liquidity lifecycles end-to-end.

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National Veterinary Associates: Treasury Transformation Award Runner-Up

Awarded to the company that embraced technology for optimal transformation and efficiency of their treasury department. Nominated by Elire and PWC.

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Why Digitalized Bank Connectivity is the Key to Optimizing Cash Deployment

Companies that can identify and use cash with confidence can now leverage liquidity as an asset for strategic value creation. It’s a competitive advantage that has often been overlooked, or not available, but which due to advances in digitized bank connectivity is now becoming a reality. How an organization moves, manages, stores and protects cash...

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KyribaLive 2023 Recorded Sessions

KyribaLive is where treasury and finance leaders engage, connect and transform. See all the recorded sessions.

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Eastman Chemical: FX Optimization Award Winner

This award, sponsored by Kyriba partner and client Oanda, honors the company that has embraced Kyriba's FX module, and made great strides in managing FX exposure and risk.

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What is Cash Forecasting?

Cash forecasting is the process of predicting near future cash flows, including both inflows and outflows, based on current business conditions and past performance. It is a crucial component of effective cash and liquidity management, as it enables organizations to anticipate changes in their liquidity and plan for them accordingly. Proactively managing cash flow enables...

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Best Practices for Designing Your Treasury Management System

Download this ebook to learn how you can prepare your team for a successful implementation and achieve the most value from your TMS.

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Interview with Kyriba: Making Liquidity Planning Actionable in Real-time

Originally posted on InvoiceFinance.com by John Goodden I recently sat down with Bob Stark, Global Head of Market Strategy at Kyriba. He was nice enough to answer a few of my questions about Kyriba’s operations, ESG and the current banking problem. Below is the interview. I read on your website that Kyriba has been in...

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Kyriba and U.S. Bank Enable APIs for Real-time Treasury

Modern APIs to pay, get payment confirmation, and get account balance, all in real-time. As part of a strategic partnership Kyriba and U.S. Bank have developed API connectors to drive real-time treasury, making real-time payments and instant data exchange a reality. These API connectors can be enabled upon request for mutual customers based on their...

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What are the Key Steps for Selecting the Right ERP Software?

Article By Steven Otwell, Director of Payments, Kyriba and originally published on https://erpnews.com Selecting the right ERP software is a critical and daunting task for any business leader who takes on the responsibility to enable greater access to resources and information from which the company is sustained and thrives. Paramount to this equation is secure...

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2022 Strategic Treasurer Treasury Technology Analyst Report

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FX Exposure Management for Oracle

Delivering on-demand interactivity with Oracle applications, Kyriba for Oracle is a cloud-based solution that reduces the risk of foreign currency volatility to earnings per share and corporate value. Table of ContentsThe Cloud-based Business Model Advantage: Quick ROI and Low TCOThe Kyriba Oracle Extract Toolkit: Facilitating Set-up and Ongoing Data AggregationEnrollment: A Simple ProcessAutomated File Extraction,...

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What are APIs in Treasury?

Application Programming Interface (API) is an interface provided by one application for other application(s) to communicate with it. APIs in treasury management software connect different systems to share cash data or execute cash management and payments workflows automatically and in real time. Despite the fact that APIs are relatively new to treasury and corporate banking,...

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Beam-Suntory’s Global Treasury Management Transformation: Strategic Treasury to Optimize Liquidity and Protect Growth

Beam Suntory’s Treasury transformation modernized their operations in a decentralized environment, and with the added complexity of navigating global volatility. A dispersed team challenged by manual processes with a need to leverage a system to accommodate growth, worked with Kyriba to future proof cash and liquidity management. The interconnected ERP, TMS and Payments systems ensures...

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Embedded Finance to Embedded Treasury: Are Corporates Ready for the Transition?

Embedded finance is the practice of integrating financial services within non-financial platforms and services with the objective of delivering the financial service at the “point of need”. In the not-so-distant past, accessing financial services such as payments, lending, and investments required either a visit to the bank or a redirection to a financial services provider’s...

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Time for CFOs to Uncover Worrisome FX Risk Management Issues

An insightful report from Deloitte, How to Uncover Hidden FX Risks, highlights the need for CFOs to stay on top of worrisome FX risk management concerns. The report urges CFOs to uncover FX risks that seemingly hide in plain sight, whether they are on a company’s balance sheet or in different intercompany transactions. Although the...

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The Biggest FX Problem (That No One Talks About)

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FX volatility calls for stronger cash management strategies to reduce impact on earnings

This article was originally published on cfo.com. Currency risk management needs to be a priority for CFOs this year amid growing FX volatility, latest research from Kyriba concludes. Currency volatility continues to be a major challenge for multinational corporations, with the impact of FX exposures leading to significant swings in earnings. Insights from Kyriba’s Currency...

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How to use Treasury Technology to Overcome Uncertainty

Tuesday April 25 | 11:00am ET | 4:00pm GMT | Having real-time insight into the locations of your liquidity is key to survival as financial institutions begin to unravel and the world economy continues to feel like a ride at Coney Island. Join this demo webinar to learn how Kyriba helps treasury and finance professionals...

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FX Volatility Builds TMS Business Case

Tuesday, May 2 | 11:00am ET | 4:00pm GMT | Securing budget for a treasury project during heightened volatility becomes easier when ROI can be achieved in months, not years. FX Risk management has been proven time and again to realize quick ROI gains, dramatically improving approval and success from internal stakeholders.

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2022 Non-Banking Financial Institutions (NBFI) Survey Results

Table of ContentsExecutive SummaryDisbursement Preferences: Staff, Technology, and Then StructureHighest Priorities: Security, Compliance, EfficiencyBenchmarking — Achieving a Personal BestKey Finding Analysis1. Heavy Users of AccountsDESCRIPTION OF ACCOUNT TYPES:2. Disbursement Preferences: Staff, Technology, & Then StructureDESCRIPTION OF ACCOUNT TYPES:3. INSURANCE COMPANY. Insurance Liquidity Concentration, & Aggregation TechniquesDESCRIPTION OF ACCOUNT TYPES:4. Non-Insurance NBFIs Have More Waterfall Payments than Insurance CompaniesDESCRIPTION...

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Kyriba and U.S. Bank Accelerate Real-Time Payment Enablement for Businesses

Solution Allows Clients of Both Companies to Easily Send Faster Payments Within Their Existing Kyriba Dashboard San Diego and Minneapolis — Kyriba, a global leader of cloud-based finance solutions, and U.S. Bank announced today that they are working together to ease the process of enabling real-time payments for businesses. With new API-powered payment connectors, clients...

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Bank Volatility Reaffirms the Need for Bank Scorecards

Bank scorecards have largely fallen by the wayside in recent years. Part of the reason why they are largely forgotten is because of the level of effort involved in manual data collection across multiple banks, as well as continued updating and maintenance. The process can take up to a week’s worth of time to update...

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Unlocking the Potential of AI in Treasury Management

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How to Secure Project Budget During Uncertainty

Tuesday, April 18th | 11:00am ET | 4:00pm GMT | Securing budget for a treasury project during economic uncertainty increases the focus on defining KPIs and effectively measuring ROI. Benchmarking allows Treasurers, CFOs and Boards to better understand the value delivered from a treasury transformation project.

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What is a Treasury Management System?

A Treasury Management System (TMS) is a software application that allows companies to process cash flow, manage banking relationships and enhance the value of their cash flow. A Treasury Management System can help companies manage their assets, liabilities and bank accounts through automation and integration with third-party applications. A TMS provides real-time visibility into cash...

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Get Strategic about Liquidity Management with a Supplemental Treasury Management System

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Develop Leading FX Risk Management Programs Through Automation

Nearly every company doing business beyond its own borders faces the challenge of developing cost-effective FX risk management programs, and each year corporations incur billions of dollars in currency related losses due to global currency volatility. Even small organizations with modest international operations can be impacted by currency exposures if treasury fails to effectively manage foreign exchange (FX).

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How Benchmarking Enables Treasury Project Funding & Success

Benchmarking can be a critical tool in helping treasury secure a budget, providing the CFO and other key stakeholders with a clearer understanding of current state vs. future state gaps and potential return on investment (ROI) in filling those gaps. This enables stakeholders to make more informed decisions about whether to fund the project. In...

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Working Capital Offers an Advantage in Times of Volatility

What seems to be an endless news cycle of uncertain economic headwinds has resulted in continuous corporate strategy refinement and the need for real-time insights into working capital impact. This economic pressure has resulted in a laser-eyed focus on strategic working capital management for CFOs. In this blog, part of our Value Engineering Series, we’ll...

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Kyriba Liquidity Analytics

Kyriba’s Liquidity Analytics is part of the comprehensive SaaS-based Kyriba Analytics reporting platform giving CFOs and treasury the ability to identify enterprise-wide, integrated cash, coupled with debt and investment data presented with superior visualization and analysis. Liquidity management across the organization becomes more strategic, insightful and faster with the latest Kyriba Analytics offering: Table of...

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The Four Reasons SVB is a Wake-Up Call to Automate Treasury

CFOs’ worst fears for cash and financing tied directly to Silicon Valley Bank appear to have been alleviated by the U.S. Government’s takeover of the bank. But anyone thinking the crisis is over missed the lesson completely. The learning opportunities for corporate boards and treasury management are abundant and all are pointing to a strong...

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Demo Series: Kyriba FX to Mitigate Currency Risk

FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Touching not only all key areas of Treasury, Accounting & Finance, but also necessitating coordination with operations & lines of business.

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Eliminating Payments Risks in 2023 with Payments Hubs

Corporations are changing the way they process payments. Technology, regulation, globalization of trade – all are factors driving the need for payments centralization. CFOs and treasurers worldwide recognize that fragmented and decentralized payment processes do not offer the efficiency, visibility or security expected to safeguard cash movements and a modern cloud-based payments hub is the...

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3 Risks to Make Your CFO Approve Your Treasury Project

You have completed the necessary legwork and are prepared to propose a treasury management system (TMS) to your CFO. But are you ready to explain the value a TMS will provide your CFO? In this blog, which is part of our Value Engineering series, we will explore why treasury should focus on risk management when...

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Kyriba Mobile

Kyriba Mobile securely extends core treasury and payments functions from desktops to mobile devices, allowing informed, real-time decisions on the go.

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The Risks of Not Adopting a Treasury Management System

When evaluating the implementation of a treasury management system (TMS), there will always be the inevitable question of why? Each company has processes in place that have worked up until now, so why should we fix today what isn’t broken? Although current processes have worked in the past, there are many risks associated with maintaining...

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What is Liquidity Planning?

Liquidity planning is an evolution of traditional cash forecasting surrounding the cash forecast with data which supports better-informed liquidity decisions.

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What are Corporate Payments?

Corporate payments, or B2B payments, usually refer to the financial transactions made by a company or corporation to pay for various expenses related to its business operations. These payments may include salaries, wages, bonuses, and benefits for employees, payments to suppliers and vendors for goods and services, taxes, rent or lease payments for office space...

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Data: The CFOs Secret Weapon for Cash Forecasting Accuracy

Can what’s past be a prologue for cash forecasting? When using statistical modeling and machine learning, yes. CFOs and treasurers have more historical data at their disposal than ever before. If used correctly, forecasts can become more accurate and actionable. Improving Cash Forecasting Accuracy In the past, businesses would use simple historical models to predict...

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KyribaLive Returns April 10-12 to Engage, Connect and Transform Treasury and Finance

Annual Conference to be Held in Phoenix will Empower Treasury and Finance Leaders to Optimize Liquidity, Harness Data and Drive Growth Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, today announced details for KyribaLive 2023, in Phoenix, a three-day in-person event bringing treasury and finance professionals together to network, celebrate innovation,...

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Receivables Finance Offers Extensive Working Capital Value

Late payments from customers can negatively impact both a company’s cash position, as well as its working capital. If such behavior persists, then the business and its financial health could be in danger. Receivables finance is a useful strategy to mitigate this risk. What Is Receivables Finance? Receivables Finance is a technique that provides organizations...

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Russia & China Likely to Fail in Attempt to Topple US Dollar

Russia’s attempts to topple the US dollar are unlikely to work, even as the country partners with China on an alternative reserve currency.

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FedNow vs. RTP: Make the Right Decision for B2B Payments

This year will mark the emergence of FedNow, the second real-time payment network and the public sector alternative to The Clearing House’s (TCH’s) RTP® network. The Fed and TCH have historically operated public and private sector payment neworks for both low-value batch payments (i.e., FedACH and ACH) and large value payments (i.e., FedWire and CHIPS)...

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FX Volatility Builds the Business Case for Treasury Software

In my experience as a treasury practitioner and consultant, I have repeatedly observed the difficulty of getting budget approval for purchasing a treasury management system (TMS). Treasury typically needs to demonstrate to the CFO how adopting a TMS will benefit the entire organization, but competing with other project requests can be quite the shark tank....

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Identifying the ROI in a Treasury Transformation Project

How do you truly identify the total value of implementing a treasury management system (TMS)? While some aspects of a treasury transformation project may seem black and white, other value components are difficult to quantify, and many are often overlooked completely. When evaluating the ROI of a treasury initiative, it is important to ensure that...

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What is Open Banking for Corporates?

Open banking is a banking practice that gives consumers full control over their own banking or financial data so that they can decide whether any third-party financial service providers can access the data to provide them with better products and services. That’s why it is also known as “open bank data”. Open banking is enabled...

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What are Real-time Payments?

Real-time payments are a payment type where the transmission of the payment message and the availability of “final” funds to the payee occur in real time or near-real time and on as near to a 24-hour and seven-day (24/7) basis as possible. Real-time payments are designed to be as close to 24/7 as possible, meaning...

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Measuring Recent Trends in Liquidity Management

In the early days of the COVID-19 pandemic, companies rushed to increase liquidity. While most industries have returned to near pre-pandemic operations, Kyriba examined how liquidity levels have changed since the onset of the pandemic and the implications for CFOs and treasurers going forward. Reviewing quarterly liquidity levels from December 2018 through December 2021, Kyriba...

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Managing Global FX Risk

FX volatility is at a 20 year high, and coupled with high interest rates, the challenge of delivering predictable earnings guidance against a tightening budget has become a top priority for CFOs.

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Kyriba Partners with Jiko to Enhance its Marketplace with Direct Access to T-Bills Through a New Investment Application

The new offering gives corporate finance teams access to low-risk US Treasury bills for higher yield on liquid assets San Diego (USA) – February 23rd, 2023 – Kyriba Corp, a global leader in cloud-based finance and IT solutions, and Jiko, a vertically integrated financial institution which offers its clients real-time programmatic access to the yield...

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Treasury’s Strategic Role in Liquidity Planning

The time is right to evolve cash forecasting. By Thomas Gavaghan | VP of Global Presales, Kyriba Corporate treasury and finance teams are grappling with a number of crises—record-setting inflation, foreign exchange (FX) volatility, supply-chain shortages, and tightening of credit, to name a few. Together, these challenges are impacting every stage of the cash flow...

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Lowe’s Uses Bank Fee Analysis to do it Right, for Less

The scale of Lowe’s bank account environment is extremely large, with over 2000 bank accounts with 33 banking partners. Prior to Kyriba, the treasury department used a third party application for bank fee analysis, and the process was extremely cumbersome, taking 2 full days to complete, resulting in just a summary of numbers with no...

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Six Predictions Impacting CFOs in 2023

The role of the CFO has become increasingly complex in 2023 as organizations grapple with a more complex set of challenges, including high inflation, FX volatility, a rising opportunity cost of cash, and a need to extract costs from the organization to improve EBITDA. Based on our work with CFOs and their teams to drive...

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Kyriba Demo Webinar: On Demand, On Your Time.

On-Demand, On Your Time. Kyriba has elevated technology for CFO’s and Treasurers around the world. Join us for a deep dive into the NEW Kyriba Treasury, Payments & Risk Platform. With brand new User Experiences, embedded analytics and visualizations and next wave connectivity strategy with Award Winning API’s, Kyriba is helping customers realize real-time liquidity.

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Liquidity Planning Demo: Thomas Gavaghan

In a high interest rate environment, coupled with increasing volatility, CFOs and Treasury leaders are demanding more robust and real-time controls over their liquidity. This demo webinar will demonstrate the value of Kyriba’s liquidity planning solution.

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What is Kyriba Used for?

Kyriba is the global leader in cloud treasury and finance solutions, delivering Software-as-a-Service (SaaS) for CFOs and corporate treasurers with a full suite of products and solutions across cash and risk management, payments, and working capital.

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What is Kyriba Used for?

Kyriba is the global leader in cloud treasury and finance solutions, delivering Software-as-a-Service (SaaS) for CFOs and corporate treasurers with a full suite of products and solutions across cash and risk management, payments, and working capital.

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What is Kyriba Used for?

Kyriba is the global leader in cloud treasury and finance solutions, delivering Software-as-a-Service (SaaS) for CFOs and corporate treasurers with a full suite of products and solutions across cash and risk management, payments, and working capital.

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Kyriba’s EcoFolio: Treasury Insights in Your Pocket

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Why Small and Midsize Companies Focus on Foreign Currency

Growing internationally should be a challenging yet exciting chapter in every mid-market companies’ story. International business activity results in a wide range of foreign currency (FX) denominated transactional situations, all of which have costs and considerations. In order to keep the headaches, (due to inefficient processes and negative economic impacts) to a minimum, mid-market companies...

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Best Digitisation Solution Winner: DT One

In the past, this fast growth company faced significant operational risk issues and onerous banking processes with multiple bank accounts with multiple different banks due to its unique business model while lacking digital solutions or connectivity. A few major challenges defined “The Big Problem.”

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Partner Registration

Sales Certification Content Partner Sales Enablement Program 3-day Instructor Led training (virtual) Product focus: Treasury and Payments Topics include domain and industry business challenges, selling to the economic buyer, primary customer business drivers, competition, pricing, and Kyriba’s differentiators. Hands-on exercises 15-min recorded pitch by partner participants Registration To receive the Sales Enablement Certification, attendees...

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Overall Winner Best Digitisation Solution DT One

Table of ContentsTeam of Four Solve “The Big Problem” at DT OneThe ChallengeThe SolutionBest Practice and InnovationKey BenefitsAbout DT One Team of Four Solve “The Big Problem” at DT One William Tan, Kyriba, Neo Zi Xin and Vincent Fu, DT One The Challenge In the past, this fast growth company faced significant operational risk issues...

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What is Payment Fraud?

Payment fraud is a prevalent financial crime in today’s global and connected business world. It usually involves a fake or illegal money transfer committed by a criminal. It victimizes many organizations both in terms of financial losses and reputational damage. Table of ContentsTypes of Payment FraudWho Is Responsible for Fraud Prevention in a Company?Main Challenges...

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ChatGPT for Treasury: The Good, the Bad, and the Scary

ChatGPT, the experimental chatbot dominating the headlines, has some interesting—and, in some cases, dangerous—implications for treasury management. This blog discusses the good, the bad and the scary about ChatGPT for treasury. What is ChatGPT? ChatGPT is a generative artificial intelligence (AI) natural language processing tool created by San Francisco-based research lab OpenAI. In January 2023—just...

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What is Connectivity-as-a-Service?

Connectivity-as-a-Service (CaaS), or corporate ERP to bank connectivity as a service in treasury and corporate payments management, is to provide quick onboarding and secure connectivity services to businesses so that they can be released from the workload of building and maintaining those connectors by themselves with cost efficiency. By choosing Connectivity-as-a-Service, organizations can reduce time...

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Game On! Riot Games Combines Kyriba & ICD for Maximum Benefit

Bogged down by manual processes and lack of resources, the treasury team at Riot Games opted to level up their technology by implementing a TMS and an independent investment portal. Riot Games is a developer and publisher of many popular gaming titles, including League of Legends, which launched in 2009 and remains popular around the...

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Cash smart: How to maximise your cash liquidity strategy

Thursday, March 9th 2023 – 7:00 AM (PST) | The economic volatility and downturn has highlighted the importance of cash and liquidity for businesses. It has become critical for finance leaders to have clear visibility into their liquidity so that they are able to proactively manage their cash lifecycle to ensure they can support evolving...

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The Winning Formula for Your ISO 20022 Payments Migration

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5 Steps to Gaining Clearer Cash Visibility

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2023 FX Volatility Outlook Points to More Uncertainty

CFOs are expected to deliver predictable revenue, earnings and free cash flow projections, and Kyriba’s Currency Impact Report (CIR) shows corporate CFOs have been challenged more than ever before to reduce the impact of FX on the value of their organizations. 2023 will continue to be volatile and unpredictable meaning that organizations who reduce their...

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A New Practice Area Emerges for CFOs: Enterprisewide Liquidity Management

The IDC White Paper commissioned by Kyriba validates the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working capital optimization. Download this report to understand more about the emerging trends and critical areas of practice that define how leading companies can outperform in operational...

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Optimizing Liquidity Management from the Top Down

Timing is everything in cash forecasting and liquidity management. Delivering the forecast in a timely manner is critical; the faster it is produced, the faster the organization can act upon it. Furthermore, forecasts hinge on critical moments in a timeline; for example, collecting payments when expected allows for the forecast to be accurate. With a...

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Global Finance Magazine Awards Kyriba: Best Cloud FX Solution

Kyriba has recently been recognized for its FX Risk Management solution in Global Finance Magazine’s Gordon W. Platt 2022 and 2023 Foreign Exchange Awards. The company was named as the “Best TMS Provider with FX Module”, “Best Solution for FX Cash-Flow Hedging”, and “Best Cloud Technology FX Solution”. “The maturity and evolution of Kyriba’s FX...

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CFOs Can Improve Earnings Predictability Despite Currency Volatility

Foreign Exchange Risk Volatility Volatility and uncertainty in 2023 have no signs of cooling down as traditional indicators and many financial institutions predict and anticipate a recession to hit this year. Forecasts for the U.S. dollar over the next year are mixed, but it’s safe to say that it will be volatile and unpredictable. While...

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APIs for Finance: Transforming Cash, Liquidity and Payments

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Dollar Strength Wipes Out Record $43 Billion of North American Firms’ Profits

Currency oscillations cost North American companies $43.2 billion in the July to September period — an all-time high since data tracking started a decade ago — according to Kyriba Corp. That’s a 26% spike from the previous quarter, also a record, according to the corporate-treasury management software company. Link to official Bloomberg article can be...

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Popular Tool to Cut Debt Costs Loses Luster as Global Central Banks Hike Rates

Finance chiefs last year took advantage of relatively low rates in other countries by swapping their debt payments into different currencies. Those dynamics are shifting.

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Corporates faced record FX headwinds last year

US dollar volatility will have the biggest impact on APAC treasurers’ ability to predict cash flows and earnings in 2023, the Kyriba team believes.

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Liquidity Planning: The CFOs Guiding Compass for 2023

While there is much to look forward to in the new year, many critical issues are sure to make cash and liquidity management a massive challenge for CFOs. The end of the “cheap money” era, an inflationary environment, a looming recession, a resurgence of COVID-19, FX volatility and more will produce tough challenges for finance...

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Currency fluctuations’ impact on N. American costs rose sharply in Q3

The negative impact of currency fluctuations on North American companies’ results rose sharply again in the third quarter of 2022, data from treasury and financial management firm Kyriba showed on Tuesday. The collective exchange-rate hit, including on companies in the United States, Canada and Mexico, was $43.15 billion in the third quarter of last year...

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Addressing ESG Through Working Capital

There has been a growing awareness in the corporate community that environmental, social and governance (ESG) investing can no longer be brushed off. But for companies to truly make a meaningful ESG impact, they need to include their supply chain in the process. Implementing better working capital management solutions may prove to be the answer...

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Kyriba’s Currency Impact Report: Record $47 Billion in FX Headwinds for Multinationals

January 2023 Report Shows FX as a Material Drag on Financial Results at North American and European Corporations with Total Impacts Reaching $64.22 Billion SAN DIEGO – January 31, 2023 — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in...

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Kyriba’s January 2023 Currency Impact Report

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The January 2023 Kyriba Currency Impact Report analyzes the reported effects of currency volatility to North American and European companies’ earnings during the third quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls...

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Five B2B Payments Expectations for 2023

As we step into a new year, it’s important to reflect on the advancements in the B2B payments landscape. From the increasing adoption of digital payment platforms and real-time payments to the growing need for payment automation and real-time visibility, the way companies handle transactions has undergone a significant transformation in recent years. With this...

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Building the Business Case for TMS Implementation

Convincing the CFO to approve the adoption of a treasury management system (TMS) almost always requires the treasurer to carefully build a strong business case. During a panel session at a recent Kyriba event, treasurers from multiple companies shared their experiences pitching TMS implementations to their finance chiefs. Establishing a Need for a Treasury Management...

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Liquidity Management is the Lifeblood of Your Business

According to Emmanuel Kant, someone’s intelligence can be measured by the quantity of uncertainties he or she can bear. I think we can also apply this definition of intelligence to organizations and especially to companies. “Liquidity Intelligence” for finance departments is crucial, and during this period of both strategic and operational uncertainty, liquidity is an...

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Getting Real: The Truth about Instant Payments and Collections

Tuesday, 24 January 2023 – 2pm GMT | 3pm CET | 9am ET | TMI showcases topical, pragmatic solutions and strategic insights for all treasury practitioners, from experienced treasurers and CFOs to those new to treasury. As TMI are organising this webinar, please just add this text: Instant payments enables treasury to hold on to...

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Global Finance Awards Kyriba Best Cloud FX Solution 2023

Currency exchange risk and currency risk awareness are at a historical tipping point. As international trade continues to grow and global economies become more interconnected, managing currency risk has become a critical concern for CFOs of large corporations. The fast-paced nature of today’s global economy, coupled with increased market volatility and uncertainty, has made it...

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Growing Women Leaders in Treasury and Finance

Steps organizations and individuals can take to build confidence and reduce obstacles to treasury leadership. Confidently climbing the corporate ladder continues to be a struggle for many women in treasury and finance. Several factors—including the male dominance within finance, wage gaps, and persistent gender bias—hinder women’s confidence in their own skills and abilities. Fortunately, there...

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Kyriba on Claman Countdown: Stocks Fall in First Trading Day of 2023

Liz Claman, Fox Business anchor, interviewed Wolfgang Koester, Chief Evangelist of Kyriba, live from Qualcomm in San Diego to discuss the first day of trading. Koester expects US dollar strength to continue, helping to combat inflation, though FX volatility will be a challenge for multinational CFOs. He also emphasized that companies who practice liquidity management...

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Bolt’s Rapid Growth Requires Scalability

“We selected Kyriba thanks to the track record they have working with fast growing tech companies that made it a safe bet. We’re implementing an advanced treasury system that can handle all our requirements in a scalable way, regardless of how quickly we grow.” — Mahmoud Iskandarani, Director, Group Treasury, Bolt — Building the Future...

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What’s Next? A Practical AFP Guide to Prepare for Change in 2023

Kyriba is proud to be a continued supporter of AFP’s Treasury in Practice series, including this most recent publication, What’s Next? A Practical Guide to Prepare for Change in 2023. 2022 can be best described as volatile and while 2023 offers no immediate relief, there are new practices and strategies that treasury can harness to...

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3 Ways Liquidity Planning Technology Improves Cash Flow Forecasting Results

The treasurer and CFO are today more closely linked to strategic financial objectives for the CEO, ensuring finance teams provide informed guidance on navigating risks and opportunities. This year, a revolutionary practice area and innovative technology is transforming the value of short and long-term cash flow forecasting with more certainty and analytics, empowering finance with...

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PartnerSURGE Sales & Pre-Sales Certification

Backed by strong incentives and market-leading technology, Kyriba delivers one of the strongest and most comprehensive partner programs in the industry. Table of ContentsTreasury and Finance Technology: An Expanding MarketSales CertificationsSales Certification ContentPre-Sales Onboarding and Certification Treasury and Finance Technology: An Expanding Market PartnerSURGE is a program designed to let Kyriba’s strategic partners share in...

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Treasury Excellence: Alexander Hamilton Award Finalists, 2023

The Alexander Hamilton awards recognize the most impressive 2023 treasury transformation projects! Every year Treasury & Risk hosts a prestigious competition for Treasury and Finance professionals. The Alexander Hamilton Awards recognize leaders who have ambitiously delivered novel practices and technology solutions to solve legacy and new finance challenges. Treasury Transformation, Treasury Excellence, Liquidity Management are...

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Xcel Energy’s Treasury Modernization in Regulated Utility World

Table of ContentsRegulatory Requirements Created Unique ChallengesGoals of the Modernization Included:Kyriba Implementation:Big Bang Approach to ImplementationDebt and Investment ManagementIntercompany Management, Payments and Customer RebatesAbout Xcel Energy Regulatory Requirements Created Unique Challenges At the onset of the pandemic, Xcel Energy embarked on a mission to upgrade out of legacy systems and spreadsheets and into a cloud-based...

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Kyriba Launches New Receivables Finance Solution to Help Finance Teams Facing Higher Interest Rates and Inflation

Kyriba Receivables Finance will Provide Companies with a Real-Time Tool to Accelerate the Cash Conversion of their Receivables with One Click, while Improving Visibility on Their Liquidity SAN DIEGO – 13 December, 2022 – Kyriba, the global leader in cloud-based financial and IT solutions, has today announced the launch of Kyriba Receivables Finance. The solution...

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Growing Women Leaders in Treasury and Finance

Women in treasury and finance continue in their struggle to confidently climb the corporate ladder. Several factors, including the male-dominated finance field, wage gaps and gender bias hinder women’s confidence in their skills and abilities. Fortunately, there are many actions people and organizations can take to help women excel in the corporate world. Three Key...

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Kyriba Analytics

Kyriba Analytics delivers integrated visual dashboards and pre-built data analytics for cash flow management, liquidity management, treasury and risk management, payments management and supply chain finance management modules.

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Top 5 Treasury Practices That Will Change Your 2023

For treasury teams, 2022 was full of extremes. With rapid FX fluctuations, price inflation, rising interest rates, new cash forecasting challenges, global recession fears and more, treasurers head into 2023 facing a lot of uncertainty. In speaking with Kyriba clients and reviewing developments from the past year, we have compiled a list of five key...

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Kyriba’s Cash and Liquidity Management Solution

Kyriba’s Cash and Liquidity Management Solution offers Cash Management, Cash Forecasting, Liquidity Planning and Liquidity Analytics modules for CFOs and treasurers to predict cash and liquidity requirements and make data-driven liquidity decisions. The practice of cash forecasting has changed post-pandemic. CFOs and boards demand increased free cash flow necessitating greater precision in forecasting and planning....

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Episode 30: Free Cash Flow Strategies and Business Leadership

This CFO Podcast discusses free cash flow strategies and business leadership with Dan Gardner, CFO at DT One.

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Creating A Culture of Elevated FX Risk Awareness

Many organizations responded quickly to the volatile currency markets over the past six to twelve months, and certainly deserve credit for taking swift action to reduce FX risk. However, what if I were to tell you that the best run treasury functions are even a step above that. Rather than being just responsive to foreign...

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Kyriba Liquidity Planning

Cash forecasting has changed post-pandemic, with new practices emerging to predict free cash flow and liquidity more accurately and at greater speed. Kyriba has responded with a completely modernized solution to confidently extend forecasting horizons and support data-driven liquidity decisions.

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Real-time Payments and Large Value Payment Systems

The world of payments is interconnected. Innovations don’t happen in isolation, and often depend on what we are deeply familiar with. It’s a mistake to either completely overlook an innovation or consider it to be an end-all, be-all. Real-time payment1 is one such innovation. It has deep interdependence with the traditional Large Value Payment Systems...

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Align Technology: FX Hedging Program in Alignment with Senior Management’s Goals

“Align Technology, along with Kyriba and Refinitiv FXall, has created a simplified hedging program with rock solid analytics. Senior Management is again confident with the FX hedging program.” Laura Fisher, Financial Risk Management Challenges Data visibility, collection, and analysis were very difficult Daily Rate Environment caused complexity in analyzing results Regionalized approach resulted in multiple...

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Leveraging SWIFT Bank Connectivity with Kyriba

Kyriba is a fully SWIFT-certified Application for Cash Management and Payments, offering multi-bank Connectivity-as-a-Service integrated within Kyriba’s leading liquidity management cloud platform for treasurers and CFOs. This Factsheet explains how your organization can use different Kyriba services to leverage SWIFT bank connectivity. Table of ContentsSWIFT Alliance Lite2 for CorporatesSWIFT Service BureauKyriba’s MT Concentrator ServiceSWIFT gpi...

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Treasury Management for Mortgage Industry

Kyriba provides treasury management solution for mortgage industry to realize greater centralized cash visibility, real-time treasury reporting, improved audit results, and regulatory compliance and control. Current Industry Challenges Cash & Capacity Finance & Treasury departments in the mortgage sector depend upon multiple banking relationships and data metrics in order to operate – those for warehouse...

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Kyriba on Fox Business Network: Importance of Cash Liquidity in 2023

In an interview with Fox Business, Kyriba’s Wolfgang Koester looks ahead to 2023 and emphasized the the importance of predicting cash flows and protecting corporate cash. According to Koester, CEOs are partnering with CFOs to ensure that they have complete visibility over cash and liquidity heading into the new year Koester says that the US...

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Kyriba and J.P. Morgan Payments Launch New Real-Time Treasury Solution

New API Delivers US Real-Time Payments (RTP®), Payments Status and Bank Reporting Hunt Companies Sees Value from 375% Increase in Real-Time Payments SAN DIEGO – November 29, 2022 – Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, and J.P. Morgan Payments, today announce a new real-time treasury solution with a new...

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Kyriba Receivables Finance

The speed with which you as a seller convert receivables into cash is critical for your organization. Accelerate a cash injection into your company with Kyriba Receivables Finance solution — Kyriba’s latest working capital solution. Table of ContentsTurn Accounts Receivable into CashflowHow Does AR Financing Work?How Does Kyriba Integrate Data?Full Visibility into Working Capital ManagementKey...

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Infographic: Digital Transformation Assessing the Business Impact

KYRIBA VALUE ENGINEERING: A validated, collaborative value assessment for documenting the total value of current state vs. future state. Download the Infographic

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Video on The World’s Most Connected Treasury Platform

As the world’s most connected treasury platform, Kyriba has been revolutionizing the treasury and risk management landscape for the past two decades.

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Kyriba Payments Solution for Insurance Companies

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Episode 29: A CFOs Guide to Building Business Goals, Relationships, and Managing Risk

This episode features an interview with Ravi Narula, Chief Financial Officer of FinancialForce.

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Five Payments Takeaways from Money 20/20

From cryptocurrencies to API banking to payments fraud detection, this year’s Money 20/20 conference in Las Vegas had a major focus on fintech innovations. With over 12,000 attendees and 3,000+ companies, the conference continues to be one of the most prominent events in the payments and banking world. Although this wasn’t my first Money 20/20,...

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Kyriba Platinum Support Network

Kyriba is pleased to offer Platinum Support for our Treasury, Payments and Supply Chain Finance clients in need of our most advanced level of support, designed for companies that require a more tailored approach based on size, complexity and geographical footprint. Kyriba Platinum Support offers everything clients can expect from a platinum service package, including...

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FX Crisis Management: Dealing with Currency Shocks

No company that does business overseas is going to be surprised to hear that currencies are volatile right now and are impacting many multinationals’ bottom line. But Kyriba’s most recent “Currency Impact Report” puts a number to the challenge—and it’s eye-opening.

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Goldman Sachs Asset Management Partners With Kyriba

The partnership streamlines workflow for money market fluid investing between Kyriba’s digital Treasury Management Solutions and Mosaic, Goldman Sachs Asset Management’s liquidity solutions portal New York – November 3, 2022 – Goldman Sachs Asset Management announced today that it has entered into a connectivity agreement with Kyriba, a global leader of enterprise liquidity management solutions, to connect...

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Six Tips to Protect Your Organization Against Payments Fraud

As Cybersecurity Awareness Month ends, it’s a good idea for treasury and finance departments to do a quick health check on their infrastructures and ensure that their protections are up to par—particularly when it comes to payments fraud. One message is clear—if you have strong, consistently executed processes protecting your payment from its initiation all...

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Companies Focus On Constant – Currency Metrics to Soothe Investors’ Nerves

The strong US dollar is trimming points off earnings but CFOs would prefer to highlight measures they control to investors. Companies are more frequently reporting in constant-currency figures to demonstrate the underlying business trend separately from impacts of foreign-currency, according to a recent article in WSJ’s CFO Journal. As currency impacts reach the highest levels...

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Kyriba Revolutionizes Cash Forecasting for CFOs with Liquidity Planning Platform

New Solution Helps Predict and Reach Free Cash Flow Targets to Improve Financial Resilience Against Market Volatility SAN DIEGO – October 24, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Liquidity Planning, a totally reimagined cash flow planning and forecasting solution. Liquidity Planning unifies...

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IT Leaders Expect API Use and Adoption to Increase

API usage and adoption has increased and is expected to expand over the next year, according to a new survey by Kyriba and Gartner Peer Insights. The survey results indicate a clear trend of API use cases such as the quick transfer of data and the seamless integration of disparate systems. Expanded API Use Predicted...

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20-Year USD Highs Driving FX Risk Management Challenges

The Kyriba Currency Impact Report for Q3 2022 illustrates the headaches and challenges that CFOs and Treasurers are contending with related to the strong US Dollar and overall heightened currency volatility. The combination of the USD at a 20-year high and rising interest rates drove the largest reported currency impact in over 10 years and...

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Kyriba’s October 2022 Currency Impact Report

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

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Currency hit to N. American companies seen ‘bad’ after rough Q2 -report

A surging U.S. dollar is likely to weigh even more on North American companies’ third-quarter results than in the prior quarter, when the currency impact was the worst since at least 2013, treasury and financial management firm Kyriba said in a report on Tuesday.

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William Goodall appointed VP of Sales for Northern Europe of Kyriba

SAN DIEGO (US), LONDON (UK) – October 18, 2022 – Kyriba, one of the world leaders in treasury, payments and cloud finance solutions, has today announced the appointment of William Goodall as VP of Sales for Northern Europe. William will lead Kyriba’s sales strategy in the UK and Ireland. William is an accomplished sales leader...

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Wild Currency Swings Take $34 Billion Bite From Company Profits

A surging dollar and weakness abroad whacked North American corporate profits by an unprecedented amount in the second quarter, foreshadowing an even worse hammering this earnings season. Currency volatility cost North American companies $34.3 billion in the April to June period, the highest loss on record in data going back to 2013, according to Kyriba.

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Kyriba’s Currency Impact Report: FX Impacts Rock Multinationals to Record-breaking $49 Billion

Quarterly Report Reveals North American Corporations Struck By $34 Billion in FX Headwinds, Up 3,583% in Less Than a Year SAN DIEGO – October 18, 2022 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe...

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Episode 28: The Holy Grail of Finance: Real-Time Data, Sustainable Growth and a Solid Bottom Line

This episode features an interview with Manish Sarin, CFO at Sprinklr.

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KyribaLive 2022 Recordings

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FX Risk: Optimizing Hedging Costs with Protection is Critical

FX risk is on the rise. Volatility has hit major global currencies, rather than only a handful of the usual emerging market suspects. The result has been the largest magnitude of FX-related headwinds we’ve seen in the 10 years we’ve been tracking global FX impact data. Effective FX Exposure Management Figure 1. EUR/USD 6 month...

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KyribaLive 2024

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Episode 27: How to Design a Growth Narrative with AI, Technology and Talent

This episode features an interview with Nitesh Sharan, CFO at SoundHound.

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Wahl Clipper Multilateral Netting Trims Significant FX Costs

Table of ContentsClear Need for Better Control over FX Exposures and FeesMultiple GoalsMultilateral Netting and Treasury AutomationWhat’s New at Wahl ClipperAbout Wahl Clipper Clear Need for Better Control over FX Exposures and Fees Wahl Clipper saw the opportunity to expand the value of their Microsoft Dynamics 365 ERP investment by integrating with Kyriba to support...

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Applying Technology at Oracle Cerner to Eliminate a $4B Payments Bottleneck

“As a health IT company, we go through extreme efforts to be in compliance and protected. Upgrading and maintaining our own SWIFT BIC would be a continuous drain on IT resources, and our executives quickly approved the Kyriba solution.”

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Three Good Reasons to Add Real-time Payments to Your B2B Payments Mix

If you are reading this, you are likely already exposed to the hype surrounding real-time payments. Whether you believe in the hype or not, it is inevitable that real-time payments will become ubiquitous globally in the near term, for both B2C and B2B payments. The last two decades have shown that countries with a strong...

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Considerations for a Treasury-led Commodity Hedge Program

In 2022, we are experiencing what some might call a perfect storm of financial risk. Over the past 12 months, we have seen sharp movements in currencies, interest rates and commodities, with a corresponding spike in price volatility. If a treasurer is already managing FX and interest rate risk, arguments can be made for adding...

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Kyriba Celebrates National Hispanic Heritage Month

Kyriba is celebrating National Hispanic Heritage Month 2022. The month, which runs from September 15 to October 15, recognizes the contributions of the more than 60 million Hispanic Americans, Latinos, Latinas, and Latinx-identifying people in the United States. Earlier this year, the National Council of Hispanic Employment Program Managers (NCHEPM) announced this year’s theme—Unidos: Inclusivity...

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Kyriba on CNBC: Strong Dollar’s Massive Impact to Corporate Earnings

In a recent interview on CNBC Worldwide Exchange with Dominic Chu, senior markets correspondent, Kyriba’s Senior Strategist Wolfgang Koester reacted to questions about the state of the market today for multinational CEOs and CFOs, given the massive impact a strong US dollar is having on corporate earnings. The dollar’s strength is at a 20 year...

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AI in Liquidity Management: How It Can Assist a Liquidity Manager

Artificial intelligence and machine learning (AI/ML) are emerging treasury technology that have become essential for cash flow forecasting, payments fraud prevention and liquidity management. But is treasury on board and ready for AI in liquidity management? The Difference between ML and AI AI and ML are not technically the same thing. AI is a broad...

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Valuations & Accounting: FX Exposure Management

Kyriba supports derivative and hedge accounting for ASC and IFRS compliance, including mark-to-market for valuations and automated posting of derivative & hedge accounting entries to your ERP.

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Surging Dollar Threatens $60 Billion Hit to Corporate Revenue

The greenback’s strength is likely to reduce the profits of a third of the companies in the S&P 500 this quarter. The dollar’s precipitous ascent is about to become an even bigger headache for US companies. Salesforce Inc. recently said that it expects foreign exchange to shave off $800 million from its full-year sales, an...

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Podchaser Episode 191: Simplifying your Financials from Mounds of Data

Bob Stark, Global Head of Market Strategy at Kyriba is speaking on Simplifying your financials from mounds of data.

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Kyriba Expands Risk Portfolio, Launches Commodities Risk

New FinTech Solution Optimizes Hedging Programs and Reduces Costs with Integrated Exposure Data, Analytics and Visibility within a Treasury Management Application SAN DIEGO – September 27, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, announced today the launch of Commodities Risk, which is an expansion of the Company’s portfolio...

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ICD Joins Kyriba Liquidity Network With Addition Of Real-time Investments

“With ICD and Kyriba bringing real-time treasury to the next level, our organization is able to make investment decisions based on up-to-date account data, fund availability and market data. From one platform we can then complete fund transfer to any accounts, creating efficiency like never before.” David Miller Treasurer & SVP, Hunt Companies Constantly challenged...

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Kyriba on Fox Business Network: How Rising Interest Rates Impact Cash Flow and Revenue Forecasts

The US dollar is stronger than almost every currency in the world. While this impacts trade by making it more expensive to buy US goods, it has the effect of increased foreign investments in US based Treasury bonds – this activity also drives a strong dollar against a basket of global currencies. In a recent...

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Lowering Hedging Costs with Better Analytics and Decision Support Tools

Over the last several months we have been in discussions with a broad range of treasury teams exploring new ways to enhance their FX programs to contend with the combination of a strong dollar, increased FX market volatility and rising interest rates. Rising interest rates have a significant impact on FX hedging costs as the...

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Kyriba Launches AI-Driven Cash Management

New Solution Optimizes Enterprise Liquidity with AI Powered Cash Forecasting SAN DIEGO – September 15, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Cash Management AI, a new solution based on Artificial Intelligence, which uses data science technologies to predict cash availability with increased...

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Visit Kyriba at AFP 2022! Booth #717

Kyriba is providing more options than ever to expand your networking, learning, development, and fun opportunities at Kyriba Events. Learn how technology can help your organization face and prevail over current economic trends, challenges and volatility. Whether you’ve seen Kyriba webinars or presentations in the past, or are entirely new to Kyriba, there are product...

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APIs: Enterprise Maturity and Use Cases

Most IT leaders take advantage of APIs to support developers and improve business. With plans to continue their integration of APIs, we investigate the state of API adoption across the enterprise as well as examine both internal and external use cases. What impacts do IT leaders expect APIs to have now and in the future?...

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Turning Data into Business Insight: Finance and IT Converging

Hamza Benamar, CFO at Kyriba, offers guidance to CFOs on the importance of working with CIOs to invest in the capacity to manage big data, and provides insights into why, with the current market backdrop, it’s critical to leverage actionable, real-time insights and unlock value with APIs, AI and BI in an interview with Forbes...

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Amid Inflation Concerns, CFOs Prioritize Automation

CFOs are planning to increase IT and technology spending in the next 12 months, according to a new survey of 200 finance leaders by Gartner. While CFOs are planning to reduce budgets overall, they are clearly seeing value in investment in technology. Automation is an area of focus, as finance chiefs view it as a...

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Treasury Steps into the Advisor Role Crisis After Crisis

From the 2008 global financial crisis to the ongoing COVID-19 pandemic, treasury departments have served as strategic treasury management advisors regarding capital structure, liquidity and finance operations. Without the guidance and leadership of treasury management in these critical moments, many organizations would not have survived. But it begs the question—what can companies do on an...

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Treasury Requirements in the Oil and Gas Industries

Kyriba’s clients in the oil and natural gas industries range from production equipment manufacturing, exploration, and extraction to pipeline transportation. We help these companies through our industry expertise and leading solutions. While no two companies are the same, many of our clients in the sector share many common treasury and finance requirements. Kyriba provides the...

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One Version of the Truth

Kyriba clients and Liquidity Excellence Award winners tell all, and it is clear: Organizations around the world have experienced a revolutionary transformation with Kyriba, constantly evolving and modernizing treasury processes and systems. And we are not close to being done.

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Kyriba In-House Banking Solution

For companies with complex funding, procurement, FX, or cash and liquidity management activities, managing these without technology is challenging to say the least. Kyriba’s In-House Banking solution gives organizations the control to create optimal concentration, pooling, intercompany, and netting arrangements to access more liquidity faster and more cost-effectively. With Kyriba’s In-House Banking solution, you are...

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How Mature is your Treasury Department?

Treasury departments aspire to be nimble, data-driven strategic advisors. But this often requires transformation across people, process, and systems. By empowering team members to move away from manual processes and spreadsheets, and embracing leading technology, you can automate repetitive tasks, minimize errors, catch fraud, and make room for value-add, strategic activities. Leveraging a leading treasury...

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Kyriba Recognized on the Inc. 5000 Annual List of America’s Fastest-Growing Private Companies for the Ninth Time

Enterprise Liquidity technology company consistently drives double digit growth, award winning product innovation, and client services SAN DIEGO – Aug. 25, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced, announced today the company again earned a placement on the 2022 Inc. 5000 list, the most prestigious ranking...

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FX Exposure Management For SAP ERP

Kyriba delivers the industry’s most advanced currency risk management solutions with extensive business intelligence capabilities for easy identification and understanding of foreign exchange (FX) risk. We use extract toolkits to collect complete and accurate data from ERP systems and spreadsheets for in-depth visibility into exposures, reliable analysis and informed risk mitigation. Table of ContentsThe Cloud-Based...

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Kyriba Commodities Risk Management

Kyriba’s Commodities Risk Management solution gives finance organizations the ability to track, value and generate accounting entries for commodities exposures and transactions, alongside FX and interest rate positions already supported in the platform. Kyriba supports a full end-to-end workflow with Position Keeping, Market Valuations and Hedge Accounting. Table of ContentsPosition KeepingValuationsMarket DataHedge AccountingKyriba Analytics and...

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Episode 26: Untrap Your Liquidity Through Data and Technology

This episode features an interview with David Quinn, CFO at BlueVine.

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Kyriba FX Advisory Services

Kyriba’s FX Advisory Services delivers customized solutions to implement and optimize global FX risk management programs. From execution to accounting, FX risk management is a complex, ever-shifting responsibility, which is difficult for organizations to fully staff the necessary level of in-house expertise. Lack of FX business intelligence leads to costly mistakes due to currency and...

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Client Webinar Series

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Technology Integration Transforms Adobe’s Treasury

Adobe is experiencing substantial growth with a goal of creating a world-class treasury organization and to build a platform that would sustain it throughout the next decade. “This was a very open-minded collaboration where we said, ‛let’s not think about what we have been doing for the past 15 years, but let’s think about what...

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Kyriba’s ESG Framework

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Technology Bridges Skills Gaps for Understaffed Finance Teams

Acquiring and retaining talent is a top priority for many companies in 2022 and beyond. But amidst staffing shortages and new hiring and transition patterns within HR, wide finance skills gaps are highlighted and have many CFOs concerned about the future. In a recent Blackline survey of C-suite executives and financial professionals, a third of...

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How to Benchmark Your Enterprise Liquidity Management Processes

ELM is one of the most critical areas for any organization. It spans Cash & Liquidity Management, Capital Markets & Risk Management, Payments & Fraud, and Working Capital, all of which are paramount to organizational vitality.

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5 Steps to Automate (and Optimize) Your FX Risk Management Program

Companies of all sizes and industries with foreign currency exposures are being impacted by a number of global trade complexities. For many, supply chain disruptions, interest rate, and price index increases are taking a toll on profitability. For many others, the impact from increased foreign currency headwinds is becoming the glaring reality unveiling weaknesses in...

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Unlocking Enterprise Liquidity Management: Developing Your Ironclad Business Case for Liquidity Transformation

Digital transformation continues to occupy front and center stage across all areas of finance and banking. The pandemic and geopolitical shocks have amplified the need for real-time insights enabling confidence in financial decisions, especially as they relate to liquidity.

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Perfecting the Cash Flow Forecast in an Uncertain Market

Cash forecasting is an art that is difficult to perfect. Every organization talks about forecasting more effectively, but few allocate sufficient people, time, and technology to build an effective program. Understanding the importance of an accurate cash forecast that can be relied upon for key financial decisions is critical to making the right investments in...

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Cash Flow Hedging in Volatile Markets

Cash flow hedge programs are generally longer term in nature. Positions due to mature were locked months or years ago, and new positions may not impact the P&L for months or years down the road. Despite the longer time horizons, there are still opportunities to make your hedge program more effective when volatility strikes.

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FX Balance Sheet Hedging Guide

Treasury organizations and CFOs have the dual objective of managing risk to an acceptable level while also containing the cost of hedging across their portfolio of currencies. Several best practices stand out that separate the hedge programs that show cracks (or fall apart) under stress, from the best performing hedge programs.

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Episode 25: How To Optimize Your FX Risk Management Program and Stay Ahead of the Curve

This is a special episode featuring Kyriba’s Senior Vice President of FX Sales and Advisory Services, Andy Gage.

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Could Stablecoins Drive Payment Innovation?

Despite the current market volatility, cryptocurrencies(1) are slowly seeping into everyday transactions,(2) driven largely by small businesses. There are an estimated tens of thousands of businesses that are accepting cryptocurrencies as payments roughly representing about 0.01% of businesses worldwide. Large corporations have stayed away from cryptocurrencies with a few exceptions(3) where the use is limited...

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Episode 24: Liquidity and Metrics that Matter to CFOs

This episode features an interview with Alex Song, Head of Finance and Capital Markets at Ramp, a finance automation platform offering corporate cards and expense management so companies save time and money with every click.

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Currency weakness weighs heavily on ECB

While the figure for European corporate FX losses is not massively out of line with previous quarters, what is notable is the continued impact of the weaker euro with the single currency being among the top five most volatile currencies weighted by GDP for the fourth quarter in a row.

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Kyriba on Fox Business: Currency Markets Leading Equity Markets amid Recession Fears

Kyriba senior strategist Wolfgang Koester joins Maria Bartiromo on Fox Business Network’s “Mornings with Maria” to discuss currency exchange impacts to corporate earnings and safe investment strategies. Wolfgang Koester focused on earnings, the dollar, and how companies are managing their earnings and currencies. CFOs and CEOs are worried about recession and are looking to manage...

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Kyriba’s July 2022 Currency Impact Report

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The July 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the first quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls of...

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Episode 23: A Fresh Perspective on Owning the Number and Driving Growth

This episode features an interview with Sinohe Terrero, CFO at Envoy speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba.

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The Opportunities and Challenges of Real-time B2B Payments

Recently real-time B2B payments have attracted a lot of attention from corporate clients. As a payments practitioner, I have spent over a decade helping clients adopt innovations that digitize the entire customer journey in which B2B payments management tends to be one of the most important steps. For example, in the B2B e-commerce context, a bad...

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Central Banks’ Interest-Rate Moves Complicate Companies’ Hedging Strategies

Central banks’ diverging interest-rate moves are making it harder for U.S. companies to hedge against currency risks, as they create higher costs for some while benefiting others. The strong dollar is leading many businesses to closely review their hedging strategies, with some increasing the level of currency protections. Read more

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The Super Dollar

More cautionary FX tales: Global Finance reports how the “Super Dollar” and other market conditions heightens the challenge Risk Leaders face in managing currency exposures. This article concludes with concern, especially for emerging countries, of debt crisis. Similarly, companies that are not able to manage risk, determine the best, most cost effective hedge program, will...

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Embracing Electronic B2B Payments

Electronic payments are expanding in the business-to-business (B2B) space, according to recent research. While checks and wires still dominate B2B transactions, the COVID-19 pandemic has prompted many organizations to modernize their payment streams to address challenges in staffing and remote work. Payment Trends in the Pandemic Although many companies have been reluctant to embrace digital...

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Enterprise Liquidity Management: A New Ecosystem for Corporate Chief Financial Officers

Enterprise Liquidity Management (ELM) has emerged as a new practice area within the CFO’s and treasury professional’s remit to manage and execute the entire lifecycle of corporate liquidity—a specialized capability traditional Treasury Management Systems and ERPs are not able to deliver.

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Q1 2022 Currency Moves Drive Need for Foundational FX Risk Tools

Q1 2022 CIR Companion Blog The latest Kyriba Currency Impact Report for Q1 2022, which chronicles the impact that currency volatility and currency moves has on reported corporate financial results, illustrates what we have been expecting, the strong dollar run, and currency volatility experienced in the first quarter of 2022 is taking a toll on...

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Infographic: Uncertain Times Call for Certain Measures

Tackling complexity, volatility, and the data avalanche with predictive enterprise liquidity management (ELM) – The pandemic, geopolitical tensions, and unhinged financial markets have accelerated and intensified volatility around the world. Download the Infographic Read the IDC White Paper

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Kyriba’s Currency Impact Report: Multinationals’ FX Impacts Surge to $24 Billion

The July 2022 Report Reveals $14+ Billion Hit in Q1 Headwinds to North American Corporations, More Than 200% Single Quarter Spike SAN DIEGO – July 21, 2022 — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and...

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Kyriba Cash Management AI

Kyriba Cash Management AI empowers treasurers and finance leaders to make smarter business decisions by improving cash flow forecasts with artificial intelligence. Cash Management AI organizes and leverages data so organizations can make forecasting decisions faster, easier, more accurately, and more consistently.

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Treasurers scramble to navigate FX headwinds as greenback soars

Corporates are increasingly turning to VaR techniques to help them cope with FX challenges unleashed by the soaring US dollar.

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Infographic: IT Priorities and Technology Selection

Gartner Peer Insights and Kyriba surveyed 200 IT decision makers who are key stakeholders in purchasing new technology at their organization to understand how they are building their vendor ecosystem, in particular surrounding financial and enterprise resource planning software. Download the PDF

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Enterprise Liquidity Management: Kyriba Leading the Way (Infographic)

Kyriba empowers and enables customers to transform the way they access and leverage liquidity to build resilience, generate value, and unlock growth.

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Kyriba Product Overview – Video

Kyriba is the global leader in cloud treasury and finance solutions, delivering Software-as-a-Service (SaaS) for CFOs and corporate treasurers. It provides treasury, risk management, payments, connectivity, and working capital solutions that are all connected in real-time. Our products help customers manage their liquidity and make better decisions with their finances. Watch this product overview video...

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Kyriba Prepares You for Change

Kyriba prepares you for change during times of volatility. How? Kyriba recognizes that CFOs and treasurers in enterprises are facing a rapidly changing business environment, where market volatility, supply chain disruptions, payments fraud, rising interest rates, and counter-party risks are becoming increasingly common and pressing for real-time decision making. To help clients stay one step...

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API and Connectivity Strategy – How Banks Are Driving Innovation

Join Bank of America’s Alex Yang and Kyriba’s Bob Stark for a lively discussion on connected banking, API’s and the future of banking integration for corporates.

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Lifespace Communities Treasury Transformation – Making the Most of Your Time

Join Christopher Lynn from Lifespace Communities and Ken Cavazzi and Peter Simpson from KyribaLive Platinum Sponsor, Nitor.

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Multilateral Netting Approaches to FX Risk Management presented by RSM

Due to currency volatility and an internal drive for greater efficiency, Wahl Clipper recognized an opportunity to reduce currency risk and eliminate costs from their FX programs with an intercompany netting program.

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How Treasury’s Data Transformation at HCSC Reduced Working Capital from $4B to $25M

Join 2021 AFP Pinnacle Award Winner HCSC to discuss how and why they transformed to become a data-driven treasury operation to support an overall business transformation.

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3 Strategies to Enable Expansion for your Finance Organization

Join Treasury leaders as they discuss and answer questions related to driving impactful decision-making that creates value and positive results for the overall finance function.

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Key Steps in Establishing KPI’s to Measure Success in Treasury

Learn how Koch, one of America’s largest privately held companies, put technology to work to centralize Treasury functions and achieve strategic level maturity.

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How Two Award-Winning Treasurers Minimized Risk and Optimized Liquidity to Drive Business

Meg Waters, Editor in Chief of Treasury & Risk, a go-to source for senior finance executives for in-depth reporting and analysis, will discuss best practices with two award-winning treasurers from Sisecam and Cenveo Worldwide.

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APIs and Integration A Use Case for ERP Integration

Waste Management is the leading provider of comprehensive waste and environmental services in North America, headquartered in Houston, Texas.

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Technology as a Foundation for a Treasury Transformation

Join the team at Spencer Stuart International (SSI) as they share their transformation journey using Kyriba as the cornerstone for a technical landscape involving global payments across 20 countries and full Workday integration.

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Tips on Advancing Working Capital & Liquidity Optimization

Bojan Belejkovski, Director of Treasury at Ilitch Holdings, shares insight from his extensive experience in treasury and the importance of getting the fundamentals right, from best in class cash management to risk avoidance and working capital optimization.

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Re-inventing the Intercompany Process at Cooke Aquaculture Inc. with In-house Banking

Technology, regulation and the global business environment have resulted in a deeper look at banking structures surrounding the movement of intercompany cash and FX exposures culminating in a driving need for in-house banks (IHB).

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A Case Study: How to Maximize Treasury through Technology

This session will focus on how Adobe transformed their Treasury by implementing Kyriba and the critical role Deloitte played as implementation partner.

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Using API’s to Streamline Investing

Treasury is constantly in a state of flux as teams work to support the business in a dynamic market environment.

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Path to True Payments Factory

Bray International found itself in spreadsheet chaos, with limited visibility into global cash positions, resulting in inefficient processes and needless borrowing.

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Introducing Kyriba Client Academy

Join us for the Launch of our New Offering “Kyriba Client Academy” and understand the nature of the services we will be providing for you to become a True Kyriba Champion and Subject Matter Expert.

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Elevating Treasury Innovation Success

Join Treasury leaders from WeWork and Hunt Companies in a discussion on how new technology is continually being promoted to CFOs and Treasurers as the path to digital transformation, hyper-automation, and real-time business intelligence.

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Barilla Group Shares the Recipe for Treasury Success

Giangaddo Prati, CFO and CIO of Barilla, discuses the evolving role of the CFO and Treasury in today’s market with Andrea Delvo, Managing Director of Kyriba Italy. Prati shares his views on the unique challenges of the food industry during supply chain disruptions, how Barilla is approaching the “new normal,” and the factors behind choosing...

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Kyriba and Kelkoo: A Group Case Study Video

A fully realized digital transformation of treasury involves effective cash management, accurate cash forecasting, and real-time cash positioning within a consolidated view. Without it, it is nearly impossible to support treasury & finance’s’ short-, medium- and long-term decisions. It is the goal and the most fundamental responsibility of treasurers to have full 100% cash visibility...

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Bitesize Webinar: The Role of AI in Liquidity Management

Emerging technologies are changing the way finance functions operate, opening up new opportunities for treasury and enabling teams to deliver increased value to the organization. As a new decade emerges, executives are looking to artificial intelligence and machine learning as a means for enhancing overall operations.

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US multinationals grapple with soaring dollar

The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout. For an importer, the surge in the greenback against the euro, yen or British pound is a...

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Supply Chain Finance for Mid-Sized Businesses

Kyriba delivers ways for small and mid-size (SME) company buyers and their suppliers to mutually strengthen their supply chains that gives faster access to inbound liquidity.

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Why Did Kyriba Build an App Marketplace?

Kyriba’s decision to build an app marketplace came from a desire to provide our customers with the latest technology, while fostering innovation in the API space. As organizations’ needs shift and evolve, we want to ensure that all those needs are addressed—whether through our own capabilities or through technology developed by our partners. Creating a...

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Bray Manufacturing: Move Away From Spreadsheets ✓ Deleverage by 30% ✓

Manufacturers are especially sensitive to currency headwinds and rising interest rates due to the complex nature of their operations. These shifting variables create uncertainty and can leave companies feeling vulnerable. Visibility into your complete financial position can help propel your business forward.

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Episode 22: Practicing Defensive Finance Strategies

This episode features an interview with Paolo Tonucci, CFO at Marex speaking with The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba.

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Kyriba Delivers Greater FX Insights with Portfolio VaR Analysis

Kyriba Delivers Enhanced Insights into Your Exposure Management and Hedging Programs with Correlated VaR Analysis Kyriba’s FX Hedging with Correlated VaR provides corporate FX risk managers with analytics and decision support tools designed to help optimize hedging programs to continuously hit portfolio VaR targets in the most cost-effective way. “This is really a very handy...

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What Does Real-time Bank Connectivity Mean for Your Organization?

Nowadays if you work in treasury, probably not a day goes by without you seeing a social post or article from your subscribed newsletters on the topic of real-time bank connectivity. It stands for the future of bank connectivity, and it will change the way data is exchanged between corporates and banks. As a solution...

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Kyriba Launches Portfolio VaR Analysis to Tackle Currency Risk

New Analytics Offer More Precise and Immediate Decision Support to FX Risk Managers, Optimizing Hedging Programs SAN DIEGO – June 22, 2022 – Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Kyriba’s FX with correlated value at risk (VaR) analysis to provide corporate Treasurers and FX...

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Companies Review Hedging Strategies as Strong Dollar Cuts Profits

The Wall Street Journal Coca-Cola, Microsoft and Salesforce are among the companies that have pointed out the negative effect of the strong dollar on their financial results Companies are reviewing their hedging strategies in light of the strong U.S. dollar, which is denting the value of overseas earnings. The strength of the currency also is...

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Cooke Aquaculture Unlocks Liquidity with In-House Bank and Payment Factory Successes

In 2020, Cooke Aquaculture introduced Cooke Bank as a concept for centralizing its global liquidity and FX exposure. Between October 2020 and April 2021, a multi-layered, fully tax and transfer pricing compliant In-house Bank (IHB) Solution was configured in Kyriba with a fully automated current-account relationship between treasury and operating units. “The primary goal of...

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How Treasury’s Data Transformation at HCSC Reduced Working Capital from $4B to $25M

The Mission: Use Data to Become an Agent of Change

In 2018, HCSC’s treasury team embarked on a multi-year project and began operating under a new organizational mandate to provide an elevated level of strategic guidance to the CFO, Treasurer and Board of Directors. Treasury was given the opportunity to become an agent of change and an integral part in running the company’s operations by leading an enterprisewide transformation project: Deliver real-time BI analysis and unlock idle liquidity to better prepare the company to take action when a crisis hits.

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Robust Reporting Propels Delaware Life’s Productivity

“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.” Joel Smith, Assistant Director of Finance, Delaware Life Table of ContentsBefore KyribaKyriba Modules Adopted:Positive Business Outcomes:About Delaware Life Before Kyriba Legacy TMS provider riddled with many problems Limited...

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Myths and Facts: Everything You Need to Know About APIs

APIs are one of the most talked about technologies in 2022, as finance leaders look to make their treasury and payments operations more real-time and responsive to market volatility. APIs are critical to the future of bank connectivity, yet they offer significantly more value than connecting treasury and ERPs to banks.

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VAR Rises 200%: What’s a Risk Manager to Do?

Currency volatility, rising inflation, increasing interest rates and the strong USD are causing a lot of headaches for Corporate Risk Managers.

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Kyriba Value Added Services Packages

Kyriba Value Added Services Packages provide a flexible and seamless way for Kyriba clients to purchase professional service hours in bundled packages, providing cost savings and efficiency to accelerate time-to-value of consulting engagements. Ideal for Kyriba Value Added Services Packages Organizations with ambitious treasury digitalization roadmaps, or foresee organizational growth Treasury and Finance Departments with...

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Kyriba Value Engineering

Kyriba Value Engineering is a structured approach and a part of Kyriba’s client engagement methodology to ensure customers have a clear path to successful business outcomes. Table of ContentsWhat is Value Engineering?The Kyriba Value Engineering LifecycleCreate an Actionable Case for Change with Kyriba Value Discovery AssessmentMore About Kyriba Value Engineering What is Value Engineering? The...

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Adopting Real-Time Payments with Kyriba

Real-Time Payments accelerate liquidity, improve security and optimize costs for finance teams. Real-time payments are a game changer for corporate finance teams who require more choices in how they optimize payments and liquidity. Table of ContentsWhat Are Real-Time Payments?Kyriba’s Global Support for Real-Time PaymentsReal Business Use Cases Bring Tangible BenefitsHow Kyriba Clients Use Real-Time PaymentsThe...

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Hunt Companies’ Early Adopter Strategy for Real-Time Payments Sees Immediate Cost and Efficiency Gains

Hunt Companies is at the forefront of the Real-Time Payments (RTP) movement. Adopting the technology to lower bank wire fees and reducing the time spent correcting rejected payments has already provided significant gains in both hard and soft savings. “I am very happy to be pioneering Real-Time Payments with Hunt Companies, as I want us...

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Ingram Micro Sees Day One Success From Implementation of the Year

“During our implementation, we took the Big Bang approach of replacing our previous TMS, Payment Factory and many home-grown tools all at once. On Day 1 of “Go Live” we were successful in connecting to our banks and making payments in over 20 currencies, with more than 250 users trained in 18 countries.” Scott PaulyTreasury...

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Kyriba Customer Testimonials: Climbing the Summit with Our Clients

Hear first-hand from Kyriba clients how treasury transformation was realized through Kyriba’s innovation, technology and support. Treasury leaders at Specialized Bicycle Components, HealthCare Services Corporation, Cenveo Worldwide, Koch Industries, and LifeSpace Communities share their key challenges prior to implementing Kyriba, and highlight positive business results achieved with Kyriba. About Cenveo Worldwide Cenveo is the world...

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Hybrid Dynamic Discounting: Creating a True Win-Win for You and Your Suppliers

In this session you will learn the importance of giving suppliers access to liquidity on a consistent basis, particularly when we’re seeing constant disruption in the supply chain. While Dynamic Discounting can be a good solution, historically it’s been buyer focused and on again, off again, which is not always friendly to suppliers.

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Supercharge Your Bank Onboarding Experience

In this session you will learn how to supercharge your bank onboarding experience with our speakers providing input from the Client, Implementation and Technology sides of the puzzle. Learn how to leverage Kyriba’s capabilities and scale to quickly access bank reporting and complete payment testing.

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Using Technology to Optimize Bank Relationship Management

Importance of Bank Relationship Management for the CFO Today’s Bank Relationship Management (BRM) supports effective corporate governance of an organization’s bank accounts as well as driving a more efficient banking strategy. Many modern BRM programs streamline the number of banks, bank accounts and bank fees to support the organization’s growth more effectively. Hamza Benamar, CFO...

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Rise in dollar to 20-year high costs US companies billions in earnings

North American businesses’ foreign exchange losses estimated at $40bn in first half of year. Currency headwinds are on the rise with a number of companies including Microsoft, Salesforce and TJ Maxx increasing guidance on FX impacts. The dollar run is yet to be over as the Fed increases interest rates. Media: Financial Times (FT) —...

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Kyriba Named One of the World’s Most Innovative Financial Technology Companies of 2022

Kyriba, a global leader of cloud-based finance and IT solutions, has been recognized by Global Finance Magazine as one of the five most innovative global financial technology companies of 2022. The Innovators Awards – the publication’s tenth annual recognition program –honors banks, fintechs and other companies that excel at advancing new tools and paths in...

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State-of-the-Art Integration: Adobe Transforms Its Treasury

Robust technology is the key to treasury transformation. The most effective transformation projects go behind simple process improvement and allow treasury organizations to stand out among their peers as best in class. A panel session at KyribaLive 2022 focused on how Adobe transformed its treasury department by implementing Kyriba, as well as the critical role...

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Kyriba Named One of the World’s Most Innovative Financial Technology Companies of 2022

Global Finance Magazine Recognizes Cloud-based Finance and IT Solutions Leader for Reimagining and Designing Finance Tools for Corporate Treasury Teams, Financial Institutions SAN DIEGO – June 8, 2022 – Kyriba, a global leader of cloud-based finance and IT solutions, has been recognized by Global Finance Magazine as one of the five most innovative global financial...

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A Spicy Volatility Stew Demands Liquidity Management

The combination of rising interest rates, inflation, and foreign exchange (FX) volatility has many treasury professionals uncertain about the future. While these factors make for a spicy volatility stew, effective liquidity management improves financial and operational results for multinational corporations today. Volatility on the Rise Most U.S. treasury professionals with less than 20 years of...

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Stay Out of the Headlines: Reduce Payment Fraud

According to the 2022 AFP Payments Fraud and Control Survey, 92% of finance leaders observed that fraud in 2021 was as bad as, if not worse, than the year before. As payment fraud continues to be a major concern for all types of organizations, state and local governments in particular are experiencing an increase in...

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Resilience & Strategic Value for Midsize Companies Investing in Technology

Pervasive Challenges While conversations around the COVID-19 pandemic continue to linger, other impacts from FX volatility along with a strengthening US dollar, trade wars, inflation, supply chain challenges and transitions in staffing levels are creating a wide array of challenges to be tackled by companies today. Based on recent survey data collected by the National Center for...

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The Innovators 2022: Global And Regional Honors

As pandemic response continues to reshape human behaviors and attitudes, banks are strengthening in-house innovation teams and tapping broader networks to stimulate fresh ideation in financial services.

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Episode 21: The Impacts of Faster Payments in Finance

This is a special episode focused on payments. We’re getting inside the minds of top CFOs and Treasurers to find out how they’re handling payments in this ever-changing financial landscape. We’ll hear from Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Katherine Edenbach, CFO at Emburse, Benjamin Seal, Vice President of Treasury Services at Cenveo, and more, including some bonus content from Michelle Richardson, SVP and CFO at Plaza Home Mortgages.

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Streamlining Spencer Stuart’s Cash & Payments Management

Treasury departments at global organizations need cutting-edge technology to ensure that all their payments and cash management needs are handled efficiently. Companies that are still using manual processes will only find their duties more taxing as demands increase. In a KyribaLive 2022 panel session, presented by Elire, Spencer Stuart International (SSI) discussed how implementing Kyriba allowed...

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FX Risk Management Strategies and Multilateral Netting

With currency volatility on the rise, organizations are looking to improve the efficiency of their FX programs. For companies with operations all over the world, one of the proven corporate risk management strategies for mitigating the impacts of FX volatility is through an intercompany netting program. Wahl Clipper lowered currency risk and significantly reduced costs...

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Kyriba’s May 2022 Currency Impact Report

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The May 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the fourth quarter of 2021. To obtain this information, Kyriba analyzed the earnings calls of...

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Tips and Tools for Working Capital Optimization

With the COVID-19 pandemic, global supply chain issues and overall market volatility enduring for the foreseeable future, companies are focusing on optimizing working capital. According to a February 2022 Deloitte poll, nearly half the C-suite and other executives rank working capital optimization and management as a top priority for this year. In a session at...

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Bank & Enterprise Connectivity Continues to Challenge Finance and IT

A recent Pulse Survey reveals the extent of difficulties and challenges bank and enterprise connectivity represents for corporates maintaining and managing their own connectivity. The survey of 100 IT and Engineering leaders covered questions related to how companies today support, partner, deliver and maintain bank connections for ERPs and other systems in general. Banks and...

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White Label

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Kyriba Premium Support

Kyriba Premium Support provides a more advanced level support for Kyriba clients looking to further enhance the user experience and receive proactive response to support issues. The primary features of Premium Support is the assignment of a designated Support Account Manager as well as a comprehensive dedicated monitoring approach. Kyriba Premium Support provides a level...

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Utilities

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Episode 20: CFOs as Agents of Change

This episode features an interview with Aneal Vallurupalli, CFO at Airbase, talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Aneal addresses the impact that the pandemic had on the finance world, the importance of holistic data in finance, as well as how the current role of the CFO is changing.

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Preventing State and Local Government Payments Fraud

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Kyriba on Fox Business Network: Lowe’s Beat’s Estimates – What that Means for Investors and CFOs

Kyriba Chief Evangelist Wolfgang Koester joined Maria Bartiromo, Fox Business Network (FBN) Anchor, on “Mornings with Maria” along with FBN Financial Correspondent Jackie DeAngelis, Fox News Contributor Joe Concha and President of Through the Cycle John Lonski, an expert in US and Global economy, to discuss Lowe’s earnings performance and related guidance on the market....

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Using APIs to Streamline Investing

In today’s dynamic market environment, treasury practitioners must frequently adapt to change while not losing sight of key fundamentals—managing cash, liquidity and investments. Investments can be especially challenging—which is why some organizations are looking to APIs to help streamline the process. At KyribaLive 2022, MetLife, Kyriba and ICD participated in a panel discussion on how...

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APIs: More Than Just Bank Connectivity

A recent study by research firm IDC identified that 90% of finance leaders have already implemented or expect to incorporate APIs within their financial technology stack. With global banks continuing to open their platforms to customers and FinTech apps, it is for good reason that CFO’s expectations should be high. And while bank connectivity is...

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Kyriba Academy

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Treasury

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The Currency Winds Have Shifted

After Kyriba’s Q1/2022 “Currency Impact Report” showed FX boosting multinationals’ earnings by more than $9 billion, the Q2 report shows that currency headwinds reduced corporate profits by a total of $4.56 billion in North America alone.

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Press release: Kyriba: companies report $11.21bn in FX impacts

This quarter’s Currency Impact Report from Kyriba reveals North American multinational corporations lost $4.56 billion in the last quarter due to currency volatility, led by a surge in the Canadian dollar against the Euro and Yuan.

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Currency risk set to double or triple – Kyriba report

A three-quarter trend of falling FX impacts came to an end in the final quarter of last year, as corporates surveyed by Kyriba reported a 390% increase in headwinds from currency volatility.

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Manufacturing

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Higher Education

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Healthcare

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Financial Services

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Energy

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Consumer Goods

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Open Banking

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API Integration

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Security

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Fraud Detection

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Cash Flow Exposure

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Proactive Threat Defense for Liquidity and Payments

Up to 90% of CFOs and CIOs report payments and financial fraud attempts, and cyber threats are growing more complex with intelligent technology. That makes proactive fraud detection and response programs a top priority for CEOs and their boards.

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US Corporates Suffer as Dollar Soars: More Pain to Come?

The latest quarterly Currency Impact Report from Kyriba finds that US corporations saw a 390% increase in currency headwinds in the last quarter of 2021, compared to the previous quarter. Perhaps of more concern to these firms, the dollar bull run, which started in Q4 2021, has accelerated, suggesting future impacts could be even higher.

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Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency

AI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention Atlanta, GA – May 12, 2022 – Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey. The survey’s questions probed NBFIs on their plans, activities, and priorities and gathered details ranging from account use to AI/ML adoption...

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Midsize Companies Embrace Treasury Technology

Despite the continued economic and geopolitical uncertainty that continues to loom over the world, midsize companies have optimistic perspectives on the future. A recent study by Capital One and Morning Consult of over 400 midsize decision-makers indicated that 86% of respondents are plan to grow, while only 2% plan to downsize.1 Many organizations are looking...

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Continued Rise of Corporate Currency Headwinds in 2022

The latest Kyriba Currency Impact Report which chronicles the impact that currency volatility and currency moves has on reported corporate financial results documents pretty much what was expected. Net/Net, with dollar strengthening and more volatility, the number of corporates reporting currency headwinds has shot up significantly. Corporate Currency Risk Management: A very challenging market with...

News

Kyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted by $11.21 Billion in Total FX Volatility

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, reveals $11.21 billion in total impacts to earnings from currency volatility.

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Kyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted by $11.21 Billion in Total FX Volatility

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, reveals $11.21 billion in total impacts to earnings from currency volatility.

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Kyriba’s Currency Impact Report: Multinational Corporations Earnings Impacted By $11.21 Billion in Total FX Volatility

Quarterly Report Reveals North American Corporations Suffered $4.56 Billion in Headwinds SAN DIEGO – May 12, 2022 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming...

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The Morning Ledger: Hot Job Market, Strong Demand for CFOs Strain Due Diligence

$4.56 billion: The amount of money that North American companies lost during the first quarter due to currency-related volatility, according to Kyriba, a treasury management software company.

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Dana-Farber Cancer Institute Achieves 83% Productivity Improvements and $925K in Annual Value Realized

Dana Farber Cancer Institute implemented Kyriba after years of operating cash management and accounting in an ad hoc manner: Doing what was necessary but relying on significant manual processes and disparate systems. Behind their industry peers in process maturity, Dana Farber worked with Kyriba to quickly change all that. “In all these areas we’ve grown...

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Analysis: Dollar’s surge spurs currency hedging by U.S. companies

U.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to multi-decade highs. The dollar has climbed about 15% against a basket of currencies over the last year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback’s safe-haven...

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Walker & Dunlop Reaches Peak Performance with Kyriba Visibility and Payments Factory

“I am awed by how much my company is benefiting from Kyriba and how much we have accomplished since going live. Kyriba’s ability to automatically load our BAI files directly from the banks has saved countless hours from needing to login to banks each day for balances and transactions. We have a significant number of...

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Is there an ideal structure for treasury teams?

How should treasury teams best structure themselves to ensure they can cover each critical task? Sally Percy finds out Steve Jobs, the late founder of technology giant Apple, once said: “Great things in business are never done by one person. They’re done by a team of people.” That principle applies just as much to treasury...

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Treasury Management Software for CFO’s (Kyriba for the Office of the CFO)

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Public Sector

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Technology

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Treasury Management Software for Retailers

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Chemicals

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Solutions

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FX Exposure

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Accelerated ERP Cloud Migrations

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Cash Flow and Liquidity Forecasting

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Real-Time Payments

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Business Intelligence

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Value Engineering

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Working Capital

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Connectivity

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Treasury

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Risk Management

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Episode 19: Creating Impact with AI, Automation and Empowerment

This episode features an interview with Maarika Paul, Executive Vice President and Chief Financial and Operations Officer at Caisse de Dépôt et Placement du Québec (CDPQ), talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Maarika addresses overcoming adversity as a woman in finance, deploying new investment strategies for CDPQ with net assets totalling over CA$365.5 billion, and discusses the implementation of AI and augmentation for financial analyses in the future.

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Baxter: Utilizing Dashboards to Elevate Visibility

For nearly a century, Baxter has been at the critical intersection of saving and sustaining lives, driven by innovation to transform global healthcare. With global operations in over 35 countries, Baxter put Kyriba to work to centralize visibility, develop global standardized cash management processes and centralize payments into one portal globally for tens of thousands...

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Bray International’s Path to Cash Visibility

Bray International, one of the world’s leading manufacturers of flow control and automation products, was mired in spreadsheet chaos. With limited visibility into global cash positions, Bray found itself bogged down by inefficient processes. During a session at Kyriba Live 2022, Morty Mandel, VP, director of finance for Bray, discussed how Kyriba helped his company achieve...

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The Role of APIs in Strategic Cash Forecasting

Cash forecasting has undergone some substantial changes over the past couple years. While forecasting has always been important, the COVID-19 pandemic highlighted just how critical it is, and why CFOs are prioritizing it more than ever. In a recent webinar, Bob Stark, global head of marketing for Kyriba, and Lisa Husken, value engineer at Kyriba,...

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Working Capital Optimization

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and generate free cash flow. Kyriba offers CFOs two compelling benefits: the ability to improve working capital, as well as the opportunity to increase net income.

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Kyriba for Midsize Companies

Kyriba for Midsize Companies is a scalable solution for companies looking to eliminate their manual and errorprone spreadsheet-based cash management program and replace it with an automated, easy-to-use system. With a cost-controlled approach and easy go live, Kyriba for Midsize Companies’ cash and liquidity management capabilities can be up and running quickly, giving more time...

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Accelerating Your Investment Management Workflow

APIs create more value for finance and treasury through expanded coverage of essential functions and processes beyond connectivity and payments. Cash positioning, liquidity forecasting, trading, and risk management are becoming readily available and are creating more value operationally and strategically. CFOs and Treasurers willing to move away from older, antiquated methods of integration and embrace...

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Vision, Values, and Culture

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Treasury Tech Update: Finastra, Kyriba, Microsoft and more

Cloud treasury and finance solution provider Kyriba has announced 24 new ERP API solutions that enhance access to real-time payments, enterprise liquidity management and resiliency against global economic disruption.

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Kyriba and ICD Launch API to Power Automation, Liquidity Insight Across the Investment Workflow

Kyriba Marketplace Offers Easy to Use, Self-serviceable API Development for Clients and Partners. Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced the launch of a new API connector with ICD, an independent portal provider of money market products, to deliver real-time visibility of cash and short-term investments for CFOs and...

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Kyriba and ICD Launch API to Power Automation, Liquidity Insight Across the Investment Workflow

Kyriba Marketplace Offers Easy to Use, Self-serviceable API Development for Clients and Partners SAN DIEGO – April 28, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the launch of a new API connector with ICD, an independent portal provider of money market products, to deliver real-time visibility...

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APIs Drive Enterprise Value

A recent study by research firm IDC identified that 90% of finance leaders have already implemented or expect to incorporate APIs within their financial technology stack. With global banks continuing to open their platforms to customers and FinTech apps, it is for good reason that CFO’s expectations should be high. And while bank connectivity is...

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CFO tech updates: PwC, Workday, Kyriba and more

On April 14, Kyriba announced 24 new API connectors offering real-time connectivity and multiple bi-directional workflows to help finance teams accelerate liquidity management, eliminate fraud and support business continuity.

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Kyriba Marketplace

Kyriba helps companies manage their liquidity, through a unified set of innovative products across treasury, risk, payments, working capital and connectivity. The Kyriba Marketplace is an API-driven global liquidity network offering apps, data and connectivity to our customers, partners and developers. Table of ContentsDeveloper PortalApp MarketplaceThe Kyriba Open API PlatformAPI Enabled Experience Developer Portal The...

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BASF’s Creation of a Universal FX Program with Kyriba Risk

BASF creates chemistry for a sustainable future. They combine economic success with environmental protection and social responsibility. “With Kyriba, we implemented a tool that helped us achieve visibility into our global currency risk and FX position with the touch of a button.” — Roland Heisecke, Director Treasury Risk Management, BASF SE The BASF Challenge BASF’s...

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Trendspotting FX-Part 2: How CBDCs are evolving, and what companies should be doing to prepare.

Kyriba’s “Currency Impact Report” released earlier this year found that in Q3/2021, North American businesses mostly experienced “tailwinds”—swings in foreign exchange (FX) that increased their earnings per share by 4 cents on average. Treasury & Risk spoke with Kyriba’s chief evangelist, Wolfgang Koester, about what that result should mean for corporate FX strategy.

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Kyriba Accelerates Access To Services In Real Time

Kyriba, a global leader in cloud-based financial and IT solutions, has announced 24 new live and fully integrated API connectors with Kyriba’s cloud platform, accelerating access to real-time services, payments, business liquidity, and optimization. remove resilience in the face. global economic disruption.

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Kyriba Payments Fraud Detection Solution

Payments fraud continues to be a top concern for organizations. According to a recent US companies and B2B payment fraud survey report published by Trustpair and Giact, 56% of US companies were targeted by B2B payment fraud in 2022 and 82% of senior leaders consider fraud prevention to be a top priority for 2023. CFOs...

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Bitesize Webinar: With Real-time Treasury Start Your Day with 100% Cash Visibility & Data-Driven Forecasting

Having clarity and visibility into cash and liquidity is a fundamental requirement for any treasury department. Without that, it is nearly impossible to support critical financial decisions and strategic business objectives. Kyriba delivers timely and accurate global cash visibility, enabling treasury teams to create accurate forecasts that deliver confidence throughout the organization.

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Trendspotting FX-Part 1: Complacency emerges as a significant risk in Kyriba’s latest “Currency Impact Report.”

Part 1: Complacency emerges as a significant risk in Kyriba’s latest “Currency Impact Report.” Kyriba’s latest “Currency Impact Report” estimates that North American companies experienced $9.32 billion in currency tailwinds late last year.

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WeWork and Hunt Companies: Elevating Enterprise Liquidity

Technologies like AI, RPA and APIs have the potential to transform treasury and finance from a manual, process-heavy function to a streamlined, efficient machine. But without a well-thought-out, data-driven strategy, these are solutions in search of a problem. In a panel session at Kyriba Live 2022, representatives from Kyriba, WeWork and Hunt Companies explored how...

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Partner Ecosystem

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APIs: A Bridge to the New Decade

Although digital transformation efforts are well underway and SaaS is a proven paradigm, legacy solutions are still among us. They manifest via mainframes, older versions of ERP systems and internally developed core platforms. These systems seem to survive many rounds of digital transformation efforts and maintain a persistent following. Although there are often solid reasons...

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Kyriba Announces 24 New ERP API Connectors

Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity management and optimizing resiliency against global economic disruption.

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Midsize Companies

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Industries

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Episode 18: How Advanced Technologies are Driving Business Resiliency

This episode features an interview with Kevin Permenter, Research Director at IDC, talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Kevin discusses improving the efficiency of data management, getting actionable insights at near real time, and building resiliency of your business.

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Societe Generale Introduces Payment & Transaction Banking Accelerator

Payment & Transaction Banking Accelerator will support startups working on cash management and trade finance. The six-month incubation period will start in September 2022. In June last year, Societe Generale collaborated with Kyriba, a cloud-based finance and IT solutions provider, for the launch of a new treasury management solution.

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Kyriba Announces 24 New ERP API Connectors to Accelerate Liquidity Management and Support Business Continuity

Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity management and optimizing resiliency against global economic disruption.

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Kyriba Announces 24 New ERP API Connectors to Accelerate Liquidity Management and Support Business Continuity

APIs connect SAP, Oracle, and Microsoft ERP Customers to over 1,000 Banks for Real-Time Payments, Fraud Detection, Cash and Treasury Risk Management SAN DIEGO – April 19, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced 24 new API connectors are live and fully integrated with Kyriba’s cloud...

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Kyriba Introduces a Range of API Connectors to Its Cloud Platform

The cloud-based finance and IT solutions company Kyriba has launched 24 new API connectors within its platform, accelerating access to real-time payments, enterprise liquidity management and optimising resiliency against global economic disruption.

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Data key for treasurers as they focus on cash visibility and control

The pandemic and ongoing volatility is testing treasurers as never before, but greater leveraging of their data can help them better navigate the turmoil. Treasurers need for visibility, optimised working capital and control over enterprise liquidity has never been greater thanks to the pandemic and ongoing market volatility resulting from the war in Ukraine.

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Payments Fraud Detection in an Escalating Threat Environment

Modern fraud threats are innovative and constantly evolving. To confront these threats, organizations that want to survive need to deploy the most up‑to-date detection and prevention solutions.

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Launching Kyriba Academy

Kyriba is committed to providing clients with the knowledge, skills and best practices to maximize their Kyriba educational experience. Kyriba Academy offers a series of different training courses that allow users the flexibility to customize their own learning journey.

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Effective API Strategies Go Beyond Banks & Payments

Bank Connectivity is Only the Beginning of the Transformation Journey CFOs looking to optimize their processes and systems view APIs as a gateway to enterprise-wide liquidity and the organization’s financial capabilities and health. Finance transformation starts with bank connectivity, leading to real-time decision-making, but the opportunities do not stop there. Bank connectivity and payments help...

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Payments

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Product Overview

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Best in Class Treasury Solution in the PRC Aihuishou International Company Ltd

Technology platform is key to support rapid growth in the PRC

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Treasuries Focused on Transformation

An IDC study shows why so many treasury organizations need transformational change, including rolling out a “unified liquidity management strategy.”

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CA Consumer Privacy Act – Opt Out

For California residents, and to the extent Kyriba sells your personal information as the term “sell” is defined under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information by us to third parties at any time. You may submit a request to opt-out by completing this...

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Ethics & Legal Compliance Kyriba Code of Business Conduct Business Partner & Vendor Code of Conduct Anti-Bribery and Corruption Policy Anti-Slavery and Human Trafficking Policy Environmental, Social & Governance Policy Global Sanctions Export Policy

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Tips for Remote Treasury Management System Implementations

Remote Treasury Management System implementations are possible with proper planning, organization, and understanding. Depending on the scope and stakeholder groups involved, they can also be complex with multiple moving parts. The organizations that have the most success with remote implementations tend to: Understand the general challenges of a remote workforce, what works, and what does not...

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Utilities: Managing Liquidity in an Evolving Industry

Utilities in North America are undergoing a period of rapid change that is presenting new challenges and opportunities. As utilities’ needs evolve, so too must traditionally labor-intensive treasury and cash management processes. With advancements in technology and growing investment in decarbonization, electrification, and green energy, utilities are reimagining their approaches to providing services. At the...

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Global Survey Validates the Emergence of a New Practice Area in Enterprise IT Valued at $30 Billion

Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800 corporate finance executives validate the emergence of a new practice area in Enterprise IT that includes risk management, payments, real-time connectivity, treasury management and working...

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A Guide to Digital Banking Trends for CFOs in 2022

Today’s CFOs are facing increasing levels of market uncertainty that can have a major impact on their ability to stabilize or grow their business. Compounded by operating in a fast-evolving digital banking landscape, there is no end to the number of business decisions finance leaders must make.

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Global Survey Validates the Emergence of a New Practice Area in Enterprise IT Valued at $30 Billion

Corporate Leaders are practicing Enterprise Liquidity Management to protect balance sheets, drive new post-pandemic growth opportunities SAN DIEGO – PARIS, March 24, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced the results of a major IDC survey commissioned by Kyriba. The global survey results of over 800...

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Episode 17: How to Build a Strategic Technology Solution for Modern Finance Leaders

This is a special episode featuring an interview with Thomas Gavaghan, the Vice President of Global Pre-Sales at Kyriba talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Tom and host Daniel Shaffer discuss two key topics: Payments and Visibility. Together, they look back at what previous guests have said about the topics, including Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Laurie Krebs, SVP and CFO at Red Hat, Danielle Murcray, CFO at AttackIQ, and Benjamin Seal, VP of Treasury Services at Cenveo.

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Treasury Opportunities in Strategic Cash Forecasting

Throughout the COVID-19 pandemic, treasury teams have found themselves heavily focused on short-term forecasting in an effort to maintain cash flow. As companies now extend their planning horizons, they are relying on longer-term, strategic forecasting, which is traditionally developed by FP&A.

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Securing Your Treasury with Kyriba

With fraud and cyberattacks increasing in both frequency and sophistication, it is important to partner with Kyriba. With a proven track record over more than 20 years in Treasury and Finance cloud SaaS solutions, our extensive, advanced protection for your data, security, controls and your operational processes will keep your firm protected.

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Russia-Ukraine war highlights the need for strong FX risk management

The Ukraine crisis has led to a surge in FX volatility following the strict economic sanctions placed on Russia from countries around the world, increasing the need for strong FX risk management for corporates to protect their bottom line, according to experts. “In such times managing your currency exposure is paramount in the here and...

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Oracle Cloud Payments Integration Highlights Video

Kyriba solution for Oracle Cloud Payments Integration simplifies Oracle Payments and multi-bank connectivity. The Kyriba Payments Network offers a centralized approach to payment activities that fully manages bank connectivity and supports more than 1,000 Oracle customers. This service provides superior fraud detection and visibility. CIOs are increasingly encountering ERP project delays and cost overruns due...

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Public Sector: Treasury Management & Bank Connectivity Solutions

Table of ContentsTreasury and Payment Management for Government AgenciesHow can we help you?Security and ComplianceKey Benefits Treasury and Payment Management for Government Agencies Kyriba empowers government agencies to achieve 100% daily cash visibility, accurate and flexible cash forecasting, debt & investment management, business intelligence, fully-managed bank connectivity, and fraud detection through our cloud-based cybersecurity and...

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Volatile FX markets aren’t going away, warns Kyriba’s latest report

The Global Treasurer spoke with senior strategist at Kyriba, Wolfgang Koester, to discuss the key findings from the company’s latest Currency Impact Report and how corporates can manage $12bn in currency impacts to earnings from FX volatility.

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Best Treasury and Cash Management Providers 2022: Systems And Services

Kyriba awarded BEST TREASURY MANAGEMENT SOFTWARE. As a pioneer in treasury SaaS, Kyriba challenged the naysayers who describe SaaS as a watered-down version of a fully fledged TMS.

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Accelerating M&A Day 1 Readiness with API-Integrative Solutions

M&A projects can take advantage of faster connections and more flexibility with open API platforms to speed integrations and be ready for Day 1 with less risk and cost. Across the wide span of finance functions required to start an M&A migration for Day 1 readiness, APIs are the way to speed M&A integration across...

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When Is the Right Time to Move from FTP to APIs?

Application programming interfaces (APIs) have the potential to revolutionize the treasury and finance function. But when is the time to move from file transfer protocol (FTP) to APIs, and when is FTP still sufficient? Let’s explore the use cases for APIs and when it is appropriate to begin using them. We’ll also look at areas...

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How treasurers can optimise FX risk management in 2022

According to recent research from Kyriba, although the collective negative impact of foreign exchange exposures was down in Q3 of 2021 compared to the previous quarter, FX volatility is trending upwards again and is expected to continue for the remainder of the year. Against a backdrop of “supply chain disruption, currency volatility and inflation”, CFOs...

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Mid-Market and Small Companies (SMEs) Fuel Sustainable Growth with Supply Chain Finance

Table of ContentsCrucial Role of SMEs for Global Economic DevelopmentRole of Small and Medium Businesses in Economy and DevelopmentSupport Needed for SMEsSupply Chain Finance for SMEs Crucial Role of SMEs for Global Economic Development With Supply Chain issues creating shortages across the globe, it is more and more evident that SMEs impact economic development for...

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Kyriba Conference Elevates Enterprise Liquidity to Accelerate Growth

KyribaLive 2022 North American User Conference April 6-7 Reveals Client Success Stories, Client Awards and Product Intelligence San Diego – February 28, 2022 – Kyriba, (“the Company”) a global leader of cloud-based finance and IT solutions, today announced its 2022 user conference, KyribaLive, that brings together visionary leaders who have innovated new practices and leveraged...

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Payment Health Checks to Protect Against Payments Fraud

Recent data has shown that payment fraud incidents are not slated to decrease anytime soon, so now is the time to future-proof your organization’s processes by building effective fraud prevention controls into your workflows. The drastic 667% increase of payment fraud attempts during the pandemic has compelled many corporates to implement process-oriented health checks to...

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Kyriba Bank Connectivity Cockpit

Bank Connectivity and Balance Monitoring in One Powerful Dashboard Finance teams rely upon critical daily banking information for insight into cash and liquidity. Yet monitoring bank connection status, variance troubleshooting and reconciliations between bank/cash balances across multiple banks can be burdensome. As the market leader in bank connectivity, Kyriba gives its customers a powerful new...

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Bray International Realizes 100% Cash Visibility and 97% Productivity Gains

“Kyriba provided a great tool that allowed us to delever nearly 30% just by knowing where our cash was, where it was needed, and getting it there in the most efficient manner, eliminating needless borrowing. We are a very satisfied client. We utilize Kyriba every day. Kyriba is one of the easiest and most robust...

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Kyriba Financial Transactions Modules

Kyriba’s Financial Transactions modules support the tracking and management of investment, debt, interest rate derivatives, foreign exchange and commodities transactions.

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Lifespace Communities Sees Immediate and Significant Savings with Kyriba

“Where we have already seen a significant time-savings has been the payments module. In just a few months, having all the feeds into the system from various banks and ERPs, and automatically creating reports and payments from those reports has shown incredible value to our organization. It has been night and day from where we...

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Liquidity Strategies for Stronger Supply Chains

What supply chain impact did your team have to manage in the past year? In the recent webinar Mitigating Supply Chain Risk: Best Practices by CFOs and Treasurers, with Kyriba’s Bob Stark and Cenveo’s VP of Treasury Services, Benjamin Seal, the audience of 100 financial professionals was asked this very question. The results? It’s no...

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DTMidstream’s Treasury Transformation: Automation, Centralization, and Visibility

Tuesday, May 10 | 9:00am PT | 12:00pm ET | DTMidstream, a midwest-based operator and developer of natural gas and midstream interstate pipelines, carved out a treasury business unit along with two major hurdles: standing up a treasury management system in a six month timeframe & working in parallel to an ERP implementation to meet...

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The Kyriba and BlackLine Partnership

The Kyriba and BlackLine partnership delivers customers greater cash visibility and reporting capabilities from the bank all the way to the general ledger. Our customers benefit from this partnership through enhanced, automated bank and treasury reporting delivering access to better information.

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Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

Kyriba today announces that Barilla has selected the Kyriba enterprise liquidity management platform to support its treasury, risk management and supply chain finance.

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Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

San Diego, Milan (Italy) -February 15, 2022 – Kyriba, (“the Company”) a global leader in cloud treasury, payments and finance solutions today announced that Barilla, a leading global food company, has selected the Company’s Enterprise Liquidity Management platform to support its treasury, risk management and supply chain finance operations. The integration will centralize Barilla’s multiple...

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Episode 16: Optimizing Liquidity through Digital Transformation

This episode features an interview with Benjamin Seal, Vice President of Treasury Services at Cenveo talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Benjamin discusses how he uses digital approaches within treasury to become a strategic business partner across an organization at all levels and being able to stay forward focused at ensuring Cenveo has the capital needed to manage day to day operations.

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Koch Industries: Using Technology to Drive Treasury Transformation for Global Cash Visibility

How one of America’s largest privately held companies put Kyriba technology to work to centralize Treasury functions and achieve strategic level maturity.

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Low currency impact for corporates in recent quarters, but inflation looms

A recent Kyriba report found currency fluctuations to have a milder impact in 3Q21 compared to earlier quarters, but Asian ex-rates – especially the yuan – should be closely monitored, warns strategist.

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Kyriba’s Currency Report Released, $11.98 Billion Was the Total Impact from FX Volatility

Companies reported $9.86 billion in tailwinds and $2.13 billion in headwinds. The Average Earnings per Share (EPS) of US companies rose to $0.04.

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US CFOs report supply chain and currency FX volatility

Kyriba Currency Impact Report reveals nearly US$12bn foreign exchange volatility as supply chain disruption, currency volatility and inflation test CFOs.

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Solving Supply Chain Challenges with Deep-Tier Financing

Over the course of the past year, B2B supply chains have been under very cautious observation. The Suez Canal blockage of May 2021 is a clear indicator of how easily global trade can be severely disrupted; when 12% of global trade passes through the canal and an accident with a single container ship is enough...

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Kyriba Lease Accounting

With lease accounting standards fast approaching, treasury and accounting teams are faced with significant manual effort to identify, track, account for, and audit leases to meet international accounting standards like IFRS16. Kyriba can help overcome the pain of lease accounting compliance by offering a centralized cloud portal to consolidate lease reporting, classify leases according to...

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FX Provides Revenue Boost for US Companies

The latest quarterly Kyriba Currency Impact Report, which details the impacts of FX exposures among 1,200 multinational companies based in North America and Europe, reveals $11.98 billion in total impacts to earnings from currency volatility.

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Currency hit to North American companies in Q3 lowest since 2018

The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday.

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Daily API RoundUp: Kyriba

Kyriba is SaaS Treasury Management software. The Kyriba APITrack this API enables developers to connect to the Platform and integrate open banking services into their own applications. API methods are available to manage bank accounts, bank branches, bank groups, statement balances, cash balances, companies, data, permissions, hedge dedesignations, suppliers, users, and more. API and Documentation...

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Infographic: APIs -The New Standard for Connectivity

The problems associated with spreadsheets are well documented, yet many treasury professionals continue to overlook these shortcomings when it comes to running their overall treasury operations.

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Kyriba Bank Connectivity as a Service

Introducing Kyriba’s Bank Connectivity as a Service (BCaaS) for financial institutions. Kyriba is offering and expanding our market-leading, proven solution directly to our banking partners. As bank clients continue to invest heavily in state-of-the-art enterprise resource planning (ERP) systems, integration with those systems has never been more imperative. Unfortunately, the assimilation process is typically very...

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Kyriba’s Currency Impact Report Reveals $11.98 Billion in Total FX Volatility in Earnings for North American and European Multinational Corporations

Quarterly Report Identifies FX Vulnerability for North American Corporations Quantifying $9.32 Billion in Tailwinds San Diego – February 9, 2022 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, reveals $11.98 billion in total impacts...

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Kyriba Payments

The Kyriba Payments solution centralizes and standardizes company-wide payment workflows to enhance both controls and efficiencies with task automation, error management, fraud detection and full status visibility, all integrated in one payment hub.

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Kyriba on Fox Business Network: Current Market Volatility Underscores the Importance of Managing Cash Flows

Kyriba’s Wolfgang Koester joined Maria Bartiromo on Fox Business Network providing his views on the importance of managing balance sheets and cash flows for CFO’s especially during times of market volatility and uncertainty.

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Four Ways Data Drives Digital Transformation Success

Digital Transformation quickly became one of the most popular buzzwords of the COVID era as leaders struggled to navigate the applications, virtualized experiences, and new practices required to enable and manage a remote workforce fully.

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Episode 15: Assessing Risk Through Data-Driven Insights

This episode features an interview with Danielle Murcray, CFO at AttackIQ talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Danielle addresses building relationships with CEOs, tackling cybersecurity and fraud, as well as assessing and managing risk as a CFO in a pandemic world.

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Corporate Treasury’s Adoption of Real-Time, Instant Payments

Real-Time, Instant and Faster Payments are taking shape and are being adopted by corporate treasurers and revamping their business models. Discover the benefits of use cases and adoption, innovation unlocked through messaging and data standards, and how real-time are an insurance contingency play for corporate treasurers.

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Treasury’s Checklist for Oracle Cloud Migrations

Unbeknownst to the majority of IT & technology teams migrating to Oracle Cloud, bank connectivity looms as the most difficult part of the migration, according to 91% of IT leaders that have (Pulse survey).

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The Real Costs of Spreadsheet Reliance in Treasury

Very often, treasurers and members of the finance organization are overly relying on spreadsheets. While spreadsheets will always have a place and purpose in all areas of an enterprise, Kyriba has numerated the return on investment for treasurers that have upgraded to a treasury management system.

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Why Corporate Working Capital Strategies Have Significantly Changed Focus

Shifts in Corporate Focus The Kyriba Working Capital team has seen a dramatic increase within the last eighteen months in the number of organizations exploring working capital solutions, or looking to expand on their existing programs and related solutions. When we evaluate payables optimization the main draw for supply chain finance (SCF) programs since the...

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Treasury doesn’t have to lose out to FP&A on forecasting

CFOs have been placing a higher priority on strategic cash forecasting over the last few years. But while one might assume this means treasury is becoming more involved in company strategy, we’ve been hearing quite the opposite from many of our clients.

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Kyriba Ranked as the Leading Treasury Management Systems Company

Kyriba has been ranked as the leading cloud-based finance “Treasury Management Software” and “Best Open Banking Treasury Solution” by Global Finance Magazine. Innovation Across Treasury and Finance Kyriba delivers continuous innovation and value across our products, enabling connectivity, payments, treasury management, risk management, and working capital capabilities. “We are honored that Global Finance has recognized...

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Kyriba Awarded World’s Best Treasury Management Software and Open Banking Treasury Solution by Global Finance Magazine

Global Leader of Cloud-based Finance and IT Solutions Recognized for innovation in cash and liquidity optimization, ability to drive resiliency, and unify data across the enterprise San Diego – January 20, 2021 – Kyriba Corp. (“the Company”), , a leading cloud-based finance software, has been recognized as “Best Treasury Management Software” and “Best Open Banking...

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Treasury for Real Estate: DigitalBridge’s Story

Few industries reflect the economic picture like the real estate sector. This particular industry relies on its treasury and finance teams and technology to handle challenging scenarios with typically smaller teams. Companies like DigitalBridge (DBRG:NYSE), require a robust but user-friendly platform for controlled bank connectivity, secure banking payments and fraud prevention, and full visibility into...

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Episode 14: How CFOs Drive Strategy and Manage Uncertainty

This episode features an interview with Laurie Krebs, CFO at Red Hat talking to The Invisible Vault host Daniel Shaffer, Senior Manager, Global Digital Communications & Public Relations at Kyriba. Laurie discusses supporting other women in finance, developing a business continuity plan, and working to lead the world in the way of the hybrid cloud.

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The Top 5 Trends for CFOs in 2022

This past year has offered us many lessons; some bright and full of optimism balanced with other experiences that are best left behind us. Looking forward, there is much to draw from as we look towards a positive 2022. In finance and technology, many trends developed that can be built upon, making for a successful...

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Kyriba’s January 2022 Currency Impact Report

Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed $12 billion in total impacts to earnings from currency volatility.

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The Myths and Truths of Government Payment Fraud

Payment fraud continues to be a silent crisis for the public sector. In addition to the potential loss of taxpayer funds, government agencies are also facing the negative press, reputational damage, potential impact to credit ratings, and decreased public confidence as a result of such impropriety.

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Bitesize Webinar: Making Real-Time Payments a Reality for Finance and Treasury

Real-time payments are a game changer for many corporate finance teams who require more choices in how they send payments. It provides finance executives with more payment choices, easier reconciliation of transactions and greater visibility into payments. Watch this 15-minute bitesize webinar with a leading Kyriba payments specialist.

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Untapped Working Capital at Emerging Enterprises

Now more than ever, it is easy and achievable for companies of all sizes to roll out successful supply chain finance programs. Historically, this has not been the case, as buyers had to be investment grade and suppliers were only onboarded if there was $1M minimum spend, due to onerous onboarding and KYC processes.

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How to Implement a Best-in-Class Balance Sheet Exposure Management Program

Visibility, transparency, and details of data that can be shared with the CFO, and greater finance organization, are critical for foreign exchange risk management, particularly in the unpredictable currency markets corporate risk managers must contend with today.

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Winning the War for Finance Headcount Retainment

In the 2000s, many finance teams still enjoyed the stability of long-term, seasoned employees that were groomed as part of rotational cross-training programs. These programs ranged from entry-level to management programs for developing leaders. Employees would spend 12 to 18 months in a very specific area, like intercompany or treasury accounting, and then either move...

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Kyriba on Fox Business Network: Central Banks Will Issue Their Own Electronic Currency

Kyriba’s Wolfgang Koester joined Maria Bartiromo on Fox Business Network providing his views on volatile market conditions and the potential of a digital currency. CFOs who have access to data in real-time, and a clear view of their liquidity will be able to make more informed decisions on a daily, weekly, quarterly basis. Companies that...

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Kyriba Balance Sheet Exposure Reporting

Kyriba Exposure Reporting is a cloud-based currency exposure management platform that enables treasury professionals to measure, monitor and manage currency exposure and the associated risk from their balance sheet. Streamline and automate your end-to-end FX program with the data you need to measure, monitor and manage currency exposure and the associated risk from your balance...

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Delivering Technology Leadership for Your Transaction Banking Services

Expand Your Banking Products and Services for Treasury, Payments, Connectivity, and Working Capital with Kyriba White-label Services for Banks. Trusted by more than 2,500 customers, Kyriba White-label Services for Banks delivers value and expanded product coverage for Cash and Liquidity Planning, Payments, Connectivity, Financial Transactions, Risk Management and Working Capital to your corporate customers and...

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Kyriba Enterprise Connectivity

Kyriba’s in-house, leading Enterprise Connectivity as a Service gives our customers a complete connectivity solution encompassing ERPs, internal financial systems, third party providers, and over 1,000 out-of-the-box, pre-configured, pre-tested connections with financial institutions across the globe.

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Starter’s Guide to Treasury Management Systems

Growing companies with often small treasury teams are still lagging behind the rest of the finance department, managing cash & liquidity on spreadsheets or treasury workstations. These treasury teams are not only losing productivity due to very manual processes, the mistakes and errors that inevitably come as a result of spreadsheets are detrimental to companies’...

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2022 Digital Payments Transformation

Instant payments, payments fraud, and pandemic-led digital payments transformation projects have changed the B2B payments digital transformation journey for CFOs and CIOs. IT teams recognize that new connectivity methods, such as APIs, are required to integrate their ERP platforms with banks, neobanks, and non-bank payment channels while finance departments are seeing the value of new...

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A Treasure in Retail

“When I joined Macy’s, we as a treasury department implemented a treasury platform called Kyriba, which essentially consolidated all of our bank reporting and automated that into a single electronic platform,” Douglas Brauch, Macy’s VP of treasury and insurance said.

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Kyriba Cross-Border Payments

Transform how you pay foreign currency payments for greater transparency and control. Kyriba and Standard Chartered Bank transform how their customers make cross-border payments. A unified, robust payments process provides greater visibility of transaction costs, enhanced controls and potential cost savings through process automation. The new API connector built together by Kyriba and Standard Chartered...

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Kyriba LIBOR Fallback Rate Calculation

Some tenors of LIBOR will continue to be produced on an unrepresentative, ‘synthetic’ basis, however, contractually, fallback rates will still apply. The new fallback rate may be higher or lower than LIBOR and may result in a transfer of value, either to your company or your counterparty. For that reason, rather than relying on fallback...

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Libor Expiring: What Do We Do?

On January 1st 2022, many tenors of LIBOR will cease and banks will likely start providing updated payment notices. Any new lending is not expected to be on LIBOR, even where LIBOR has been extended. Has your organization made preparations?

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Healthcare Best Practices for Treasury Transformation

It is particularly difficult in the healthcare industry, from hospitals to managed health services, to complete digital transformation, due to the unique issues of cash forecasting, data visualization & reporting, management of debt instruments, streamlining banking relationships, and security.

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Kyriba Announces the Appointment of an Executive Advisory Board

San Diego – Dec. 9, 2021 – Kyriba Corp. (“the Company”), a global leader of cloud-based finance and IT solutions, announced today the creation of its Executive Advisory Board (“the Board”) comprised of globally recognized leaders who bring a depth of experience and leadership to the Company. The new Executive Advisory Board will play a...

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Too Many Security Alerts? AI-driven Automation Can Ease the Burden and Keep Data Safer

Companies are turning to managed detection and response and automated threat defense tools to give their security teams some backup.

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What is a Payments Hub – and Why Do I Need One?

According to a recent WEX Worldwide survey commented on by Treasury Today – 52 percent of organizations admit to being victims of payments fraud. Many times treasury is directly affected, because their payments were compromised, while other times, the treasurer is pulled into the conversation to fix whatever vulnerability was exploited for someone else’s payment. Regardless of how or why, treasury is being asked to provide better payments solutions by the CFO, CIO and CISO. Payment hubs provide that answer, in that they offer the global visibility and standardized controls that are so necessary to ensure that every payment is handled in a consistent manner regardless of geography, payment type or who requested it. Payment hubs, which were the subject of a new e-book, ensure payment workflows comply with the organization’s payment policy. Additional reading: 15 Minute Guide to Payment Hubs This is why CIOs are demanding that payment hubs (depicted below) be implemented and are often asking treasury to take charge. What a payments hub should look like – Here’s a graphical representation of a payments hub, including external inputs, key functions, payment types, connectivity and more. When treasury does lead the initiative for a payment hub, they found the following benefits: Standardization The key to eliminating unauthorized payments – even if accidental in nature – is to ensure a standardized set of controls that prevail without exception. Controls could include payment approval scenarios, extra layers of authentication, procedures if approvers are remote and/or unavailable, and specific actions if modifications to the payment are required. The organization’s payment policy should be digitized and enforced by the payment hub software to ensure these controls are consistently applied. Payment Screening Many organizations require payments to be screened against sanctions lists prior to sending those instructions to the bank. While this is a good practice, screening should not stop there. Payment scenarios – e.g. payments being made outside of approved countries, first payment to a new bank account, irregular payment amounts, etc. – should also be screened in real-time so that any suspicious payments can be stopped and quarantined in real-time to be reviewed by authorized reviewers. As payments continue to diversify across multiple channels (e.g. wires, ACH, checks, B2P, blockchain) and become more real-time, organizations cannot rely on treasury staff scanning every payment in real-time; nor can they expect their banks to be the last line of defense. More sophisticated solutions including robotic process automation, should be leveraged to provide the best possible protection. Fortunately, such solutions are available within most payment hubs. Visibility Many treasury teams struggle with having complete transparency into all outgoing payments before they happen. This issue magnifies as organizations also adopt new request for payment strategies to improve collections. Treasury isn’t learning about payment activity early enough to make effective cash and working capital decisions. Payment hubs, through the consolidation of all payment activity, can provide that visibility to treasury so they can be certain about what payments need to be funded. With this added level of precision, working capital can be reduced and a greater percentage of total cash reserves can be deployed to meet organizational KPIs. In many cases, this may directly affect the CFO and Treasurer’s bonus attainment. Cost Not lost in the myriad of benefits is the fact that payment hubs reduce the cost of managing payments. There are several different ways:

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3 Ways Data Drives Digital Transformation Success

Forbes columnist Benjamin Laker published an interview with Jean-Luc that neatly presents his vision for the future of finance and the importance of enterprise liquidity management. The article identifies ROI, Automation and Intelligence as the core dimensions of success and accelerating business growth with a new combination of people, processes, and data. Forbes Columnist Benjamin...

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Kyriba Recognized by Global Finance Magazine’s Annual FX Tech Awards for Best TMS Provider with FX Module, Best Solution for FX Cash-Flow Hedging

San Diego – Dec. 3, 2021 – Kyriba Corp.Kyriba Corp. (“the Company”), a global leader of cloud-based finance and IT solutions, has been recognized for its FX Risk Management solution as ‘Best TMS Provider with FX Module’ and ‘Best Solution for FX Cash-Flow Hedging’ in Global Finance Magazine’s Gordon W. Platt 2022 Foreign Exchange Awards....

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Enhancing KYC Compliance

Each party to a financial transaction needs to know with whom it is doing business. As scrutiny of these transactions increases, know-your-customer (KYC) compliance has only gotten more difficult to navigate.

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As the Status of LIBOR Changes, Many Finance Teams Worry About Unpreparedness

The London Interbank Offered Rate (LIBOR) is poised to lose its status as the global benchmark interest rate at the beginning of 2022. In a little over a month, the UK Financial Conduct Authority (FCA) will no longer compel banks to submit LIBOR quotes. Thereafter, financial institutions will migrate to risk free rates (RFRs). Unfortunately,...

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Kyriba on Fox Business Network: Futures Down Over Omicron Uncertainty

Kyriba’s Wolfgang Koester joined Maria Bartiromo on Fox Business Network to discuss how CFOs can mitigate any market volatility brought on by the Omicron variant. Koester believes companies need to assess how prepared they are from a digital standpoint. Investors are concerned that companies’ ability to generate cash flow and profits might be compromised. CFOs...

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How can we get real-time cash visibility with a payments project?

Last year saw a tsunami of change in payment processes around the world. However, this change in payments and connectivity doesn’t come without its challenges. Managing risk from execution, technology and payments, the cost of FX, the cost of error, international payments, fraud, and ensuring the compliance of managing multiple payment streams, are just some...

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Mitigating Supply Chain Risk: Best Practices by CFOs and Treasurers

2021 has delivered a new risk for CFOs and Treasurers to manage: Supply Chain Disruption. From wrong turns in the Suez canal to the Covid-impact on seaports to weather impacts on rail and trucking links, we are seeing a domino effect of product shortages and inflation spanning the economy. Even Santa Claus is not immune...

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Payments Hub 101: Consolidated and Secure

Payments remain a constant focus for CFOs, CIOs, controllers, purchasing managers, and treasurers, as inefficient payment processes can inhibit supply chains, cash flow and profitability. The recent push to optimize cash and working capital, combined with the increasing threat of cybercrime and payments fraud, amplify the need to centralize and standardize corporate payments. Further, secure...

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Applying Lean Manufacturing Principles to Improve FX Risk Management

Applying Principles of Quality and Efficiency from the Manufacturing World to Treasury and Finance to Achieve More Efficient FX Risk Management. One of the principal tenets of Lean is a focus on customer value. Activities that do not have a direct bearing on the value of the product or end result are targeted for elimination. Our customers, using our platform and Lean principles work to transition their foreign currency related systems and processes to create greater automation and efficiency.

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Nordic Battle of Treasury: Advanced add-ons for Microsoft Dynamics 365 FO

Optimise your payment and reconciliation activities with an extension to Microsoft Dynamics 365 – Finance & Operations (Axapta). In this webinar, turn complex cash management tasks into simple processes by integrating a Treasury extension to your Microsoft Dynamics 365 FO. Be inspired on how to optimise cash management processes by using an advanced add-on to...

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The Fuel Powering Digitization

APIs have been around for some time but their significance is growing in the asset servicing industry as experts say they are the fuel powering digitalisation.

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Corporates on Both Sides of Atlantic Face Dollar Dilemmas

Multinationals are increasingly reluctant to reveal the precise impact of currency fluctuations on their bottom line.

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Two Studies in Easy Cash Investing

Both growing and established companies struggle with managing the same priorities: liquidity and risk management and reporting. Globalization Partners, a company that helps other organizations grow their global workforces, strengthened cash, liquidity and risk management by selecting two best-of-breed technology providers, ICD and Kyriba. Similarly, American Honda put their cash and investment workflow on cruise...

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Determining Use Cases for Real-Time Payments

For U.S. corporate treasury departments that are interested in real-time payments, they will first need to determine key uses cases for doing so. Kyriba’s new eBook defines some clear corporate use cases for real-time payments, as well as barriers to corporate adoption. Determining Use Cases for Real-time Payments While corporate use of real-time payments has...

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Episode 13: The Future of Easy, Secure, Instant Payments

This episode features an interview with Reed Luhtanen, Executive Director of the U.S. Faster Payments Council talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Reed talks about facilitating seamless transactions across a network of systems, exceeding user expectations of instant transactions, and protecting against fraud or inadvertent payments.

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2021 Aite Matrix Impact Report: Supply Chain Finance

In this 2021 Supply Chain Finance Impact Report, Aite-Novarica Group recognizes Kyriba as one of its Best-in-Class Supply Chain Finance Vendors. Leveraging the Aite Matrix, this report evaluates the overall competitive position of supply chain finance platform vendors, focusing on vendor stability, client strength, product features, and client services.

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Kyriba’s Enterprise Liquidity Management Platform: Optimize Liquidity, Reduce Risk, Unlock Growth

Kyriba’s Enterprise Liquidity Management Platform offers Connectivity, Payments, Treasury, Risk and Working Capital solutions delivering visibility, controls, productivity and data-driven decision making for CFOs and their teams. Delivered through our open API developer platform and Marketplace, finance gains access to new products and services coupled with enterprise-wide integrations with banks, ERPs, third party systems, and internal data sets.

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The Threat of Deepfake Frauds for Payment

Deepfake technology has made headlines over the past several years due its stunning ability to fool its intended audience with doctored photos, video and audio. But recent advancements in the technology and its use in payments fraud pose a substantial threat to corporate treasury and finance. The Rising Threat of Deepfake Fraud Deepfake software, which...

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Treasury tech update: EBA Clearing, Kyriba and more

The Global Treasurer’s monthly round-up of treasury tech news, including new partnerships, product launches and people moves.

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AFP Asia-Pacific Treasury Management Handbook: Insights and Best Practices from Industry Thought Leaders

Are you a treasury professional working in or planning to expand into the Asia-Pacific region? With 12 chapters on topics such as liquidity management, short-term borrowing and financial risk management, this handbook gives guidance on the core tasks of a regional treasury center and explores the topics and emerging trends that shape the Asia-Pacific region.

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3 Keys for Treasury Success in Asia

Recently, I had the pleasure of learning more about corporate treasury in Asia during visits to our local offices; meetings with clients in Hong Kong, Malaysia, and Singapore; and by attending several treasury conferences. It should be no surprise that corporate treasury is becoming more sophisticated across Asia as firms continue to demand “best of the best” best practices and scalable, easy to use technology. What I found most interesting about treasury in Asia was: Chinese firms are poised to expand internationally – From a treasury perspective, this interest in growing beyond China has heightened interest in treasury technology that delivers onshore/offshore visibility into cash and currency exposures alongside the need to establish more complex treasury structures such as cash pooling to support onshore/offshore sweeps. Chinese firms are continuing to explore establishing regional treasury centers in Hong Kong or Singapore to align with RMB clearing locations. This is an opportunity where treasury best practices are seen as a significant asset by hiring firms. Automation is not the only goal of treasury technology – Asian-based companies are embracing financial and treasury technology, yet are building ROI models and business justification on variables other than just automation and productivity. With costs of FTEs often much lower than we see in Europe or North America, automation is not the solution to increased workloads. As a result, the driver for technology is implementation of best practices, decision optimization (e.g. improved hedging), and support for treasury transformation. Regional treasury centers are becoming more involved in strategic decision making – Organizations that embrace the opportunity to allow Asian treasury teams to manage key functions (e.g. developing pooling structures or designing hedging programs) are able to deliver more strategic value and drive greater bottom line value than those that try to manage all treasury functions from afar. The knowledge and experience being hired into regional treasury centers, especially in Singapore and Hong Kong, rivals and even exceeds treasury talent in other parts of the world. This expertise is obviously in addition to local knowledge and the ability to work face to face with offshore internal and external partners to treasury. Additional reading: Overcoming Cash Forecastng Challenges: Best Practice Tips for Treasurers Treasury organizations that are already well established in the region already know where the right locations are; how to secure experienced staff; and the importance of adopting world-class treasury technology to ensure global visibility over cash, exposures and financial controls. For organizations considering a greater investment in Asia, it is important to: Choose locations that can offer support in English and local languages, with workable time zones that can also overlap with the head office at some point during the day. Locations that have financial proximity to China (e.g. Hong Kong, Singapore, Macau) are critical so your offshore treasury center is a financial gateway into China itself. Secure experienced staff who not only have global treasury experience, but know how to balance this with local expertise. The right people need to be motivated and trained well, earning new opportunities to leverage their growing treasury knowledge Have the right treasury technology in place that supports global requirements, but also local needs (which could be preferred language, local regulations, specific payment or bank account controls, or dashboards that highlight local treasury KPIs). The reduced footprint offered by the cloud helps, as does the ability for a cloud TMS to enable all treasury offices to support each other to deliver a complete business continuity plan. Asia is an opportunity and those treasury teams that embrace it will be on the road to global treasury success.

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Public Sector’s Playbook for Payment Fraud Protection

In AFP’s 2021 Payments Fraud and Control Report, 75% of organizations across all areas were targeted for payment fraud. Moreover, due to public purchasing information, the data is hinting that number to be 95% among government entities at the state, local, and agency level, making them perfect targets for payment fraudsters.

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What The Pandemic Taught Us About Liquidity

Information security is among every company’s biggest concerns today. And according to Eric Adams, Chief Information Security Officer at Kyriba, a treasury management software company based in San Diego, California, one of the most challenging segments of that threat is payment fraud.

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Unlocking Real-Time Payments with APIs

As the pace of payments continues to increase, treasury professionals need technology that can keep up. Real-time or instant payments initiatives are proliferating all over the world, and these new platforms are made possible through application programming interfaces (APIs). APIs enable the development and use of faster, pre-built connectors to reduce implementation times and facilitate...

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Impact of FX volatility amounts to $27.87 billion in 2Q21

A recently published report highlights the importance of quantifying currency exposure and minimising foreign exchange (FX) risk for corporate treasurers.

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Choosing the Right Supply Chain Finance Program

With ongoing supply chain disruptions happening around the world, Supply Chain Finance (SCF) programs are becoming more attractive to corporate treasury and finance functions short on working capital. But how do you know if an SCF solution is right for your organization? And even if it is, what type of program should you choose? Defining...

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Kyriba Leaps to the TF Rescue

Kyriba – the cloud-based finance and IT solutions group – has launched Kyriba Working Capital Solutions as part of its effort to close the reported $3.4 trillion trade financing gap and help corporate buyers support suppliers, especially at-risk SME suppliers

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Currency Volatility Reaches New Heights of Uncertainty

The Q2 2021 Kyriba Currency Impact Report showed a strong tailwind for many US corporates driven in large part by the strengthening of two main trading currencies for many US corporates, EUR and GBP. Both currencies strengthened steadily through Q2 2021, but currencies have since retreated through Q3 2021, setting up a return of relatively...

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The Morning Ledger: Corporate Minimum Tax Resurfaces as Democrats Hunt for Money

Currency fluctuations during the second quarter boosted 1,200 global companies’ earnings by a collective $23.62 billion, the highest such amount in at least a decade, according to Kyriba Corp., a treasury management software firm.

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The Myths of Fraud Detection: Truths of Payment Fraud for Government Agencies

Fraud losses are complicated. In addition to potential loss of millions of taxpayer funds, government agencies are also facing negative press, reputational damage, potential impact to credit ratings, and decreased public confidence, making this a silent crisis for Treasurers. At Kyriba we’ve had the opportunity to speak with hundreds of government treasury, finance, and IT...

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Currency hit to North American companies’ results dips in Q2

The negative impact of currency fluctuations on corporate results for North American companies fell in the second quarter of this year from the previous quarter, data from treasury and financial management firm Kyriba showed on Tuesday.

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Kyriba on Fox Business Network: Inflation is an Increasing Problem

Fox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester. He argues that inflation is “an increasing problem” and that it “will impact earnings, but not all negative” and points to the “other problem” related to supply chain disruptions, which is “actually accelerating inflation”.

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Kyriba’s Currency Impact Report Reveals $27.87 Billion in Total FX Volatility in Earnings for North American and European Multinational Corporations

The October 2021 Report Shows Persistent FX Vulnerability for North American Corporations Reporting $22.93 Billion in Q2 Tailwinds San Diego – October 26, 2021 – Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report that details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, reveals $27.87...

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Kyriba’s October 2021 Currency Impact Report

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The October 2021 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the second quarter of 2021. To obtain this information, Kyriba analyzed the earnings calls of...

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Kyriba Identified as Best-in-Class Finance Vendor for Supply Chain Finance

Kyriba has been recognized as a leading-class finance vendor and supplier of supply chain finance solutions in Aite Novarica’s (“Aite”) recently published Impact Report, ‘Aite Matrix: Supply Chain Finance’. Kyriba earned this distinction by excelling across various criteria used in this SCF vendor survey, assessment and report. The 78-page report outlines Kyriba’s strengths and features...

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Working Capital Solution

Working Capital Optimization is a strategic objective for CFOs as they fight to generate bottom line value and free cash flow. Kyriba Working Capital Solution offers CFOs three compelling benefits: the ability to improve working capital, the opportunity to increase net income, and the capacity to optimize cash flows. Kyriba offers multiple early payment programs...

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Cenveo Achieves 93% Forecast Accuracy and 90% Productivity Improvements

Cenveo needed a way to improve visibility into overall liquidity and provide management on-demand insights into the performance of their strategic liquidity objectives.

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Banks Focus on Vendor Collaboration for Treasury Services

Societe Generale’s decision to launch a joint treasury management solution with Kyriba is just the latest example of banks and technology vendors collaborating to offer more sophisticated treasury functionality.

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ERP Rationalization: Key Factors for Project Success

ERP migration projects are expensive, complicated and resource intensive, but they run more smoothly when Treasury is involved. Bank connections need to be rebuilt during an ERP migration. So, for Treasury, it’s a good time to determine if ERP rationalization or migrating banking relationships is the better choice for your organization. If using a traditional...

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Kyriba Launches New Working Capital Solutions to Close $3.4T Trade Financing Gap

“The pandemic has created unprecedented risk in global supply chains. Suppliers are being crushed financially as they wait the additional weeks and months it now takes to get products to market, said Jean-Luc Robert, Chairman and CEO of Kyriba. “Our solutions help mobilize liquidity, injecting cash into supply chains so global suppliers receive the financial...

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FASB Considering Supply Chain Finance Disclosures

The Financial Accounting Standards Board (FASB) recently announced they are evaluating options for organizations to make disclosures about the value of their supply chain financing arrangements. Specifically, the FASB is proposing that “that the buyer should disclose a rollforward of the amount confirmed by the buyer that is outstanding at the end of the reporting...

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Optimizing Working Capital with SCF and Dynamic Discounting

With supply chain disruptions threatening to torpedo the global economic recovery, companies would be wise to take a closer look at solutions that can help optimize working capital. Historically low interest rates and ongoing trade disputes have done nothing to reduce volatility in the market or offer clarity for buyers and their suppliers about their...

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Kyriba Launches New Working Capital Solutions to Close the $3.4 Trillion Trade Financing Gap

The Company’s Investments Increase Access to Liquidity to End Supply Chain Risk San Diego – October 14, 2021 – Kyriba, (“The Company”) a global leader of cloud-based finance and IT solutions, announced the launch of new Kyriba Working Capital Solutions as part of its bold effort to close the reported $3.4 trillion trade financing gap...

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APIs: Greater Payments Connectivity & Functionality

The push for superior ERP-to-bank connectivity solutions continues to accelerate as CFOs prepare for the post-pandemic era. Gartner projects that corporate enterprise software spend will top $516 billion this year and $571 billion next year. With application programming interfaces (APIs), CFOs and CIOs can standardize bank and payments connectivity, while opening the door to even...

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The Kyriba Open API Platform: Leading Finance Innovation for Payments & Beyond

Newly Announced Developer Portal Streamlines Application Development and Access to Thousands of Global Corporates and Banks Kyriba, a global leader in cloud-based finance and IT solutions has announced the launch of its Open API Platform to accelerate the next generation of finance innovation and enable composable, adaptable and resilient technology solutions for CFOs, Treasurers and...

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How to Speed Up Free Cash Flow in a Sluggish Economy

Organizations large and small are impacted by what has been reported as a sluggish global economy, and for many industries this deceleration in growth has investors concerned about their rate of expansion. The combination of weak to moderate growth and demanding investors raises the immediate need for action by global leaders, and puts supply chain at the forefront of the conversation. When demand for products goes down, and working capital is tied up in inventory, investors know they can expect a lower rate of return. What do companies do to maintain stable growth and mitigate potential investor aggravation or worse their lack of confidence? In this scenario, the supply chain is among the first to be tested, adjusted and possibly disrupted for the better or worse of the company. Savvy finance leaders are looking to manage these seasonal and market driven fluctuations with supply chain finance (SCF) programs, and are seeking the right information to set up and implement SCF to help stabilize their operations. Where there is a question of free cash flow (or the absence of cash), there will be a CFO and treasury group developing a way to optimize working capital. In my last blog, I mentioned one of three pitfalls to a successful supply chain financing initiative is the misalignment of corporate goals and individual incentives. The key challenge here is getting the right people at the table to align goals and teams. Without that cross-departmental commitment and participation, the potential bottom line impact from a supply chain finance program will remain an unrealized opportunity. Additional reading: Making the business case for supply chain finance So, who are the mandatory participants required to successfully launch a supply chain finance program and what is their role? Both the CFO and Treasurer should be the strategic champions of a SCF initiative, as they are mandated to nurture and protect the lifeblood of the organization, its cash position: either by reducing excess cash in exchange of greater yield; or creating free cash flow by extending DPO. It should be obvious that the CEO’s stamp of legitimacy demonstrates the level of priority a SCF initiative has within the organization as a whole. While strategic leadership at the top is a common goal, it’s not one that is easily attainable unless treasury and procurement are working together to build a business case that supports the initiative. The Chief Procurement Officer should play an active part both on internal and external matters. Internally, the CPO should guarantee that the procurement organization’s compensation plan is aligned with the working capital increase objectives and stress the importance of this initiative to his teams. The incentives should be different if the company engages in a Dynamic Discounting exercise or in an extension of DPO. Externally, when possible, the CPO should be involved in the discussions with the most strategic suppliers, and in so doing, set the tone for negotiations through the procurement team. Another department which will be directly impacted by the implementation of a Supply Chain Finance program is the Accounts Payables department. The use of an external platform will have consequences on existing processes - simplifying some, forbidding others and in general forcing a greater rigor on the approval and payment processes as a whole. The AP team will also need to be tactically involved during the functional and testing workshops to ensure the company ERP system and the SCF payment platform are well integrated. As a consequence, it is crucial for the AP Director to be involved early in the process, as the SCF initiative will have a non-negligible impact on its team – namely in terms of time. Finally, as for any technical related activities, the Director needs to be consulted to secure the needed technical resources as well as avoid running into a schedule freeze period, that would result in delaying the whole implementation. It is sometimes difficult to ensure all the above mentioned leaders are actively involved in the SCF initiative. Here are two reasons why the C-level should feel involved in an SCF initiative:

Resources

Modern Connectivity for Today’s Finance Organization

Finance transformation cannot be completed without safe, secure, and adaptive connectivity, linking your ever growing and complex technologies and banks. Seated at the crossroad between the greater finance organization and IT, connectivity is a cornerstone to corporates’ decision-making ability, real-time liquidity, and retaining of bank relationships during ERP migrations to SAP S/4HANA or Oracle Cloud.

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Episode 12: How 10 CFOs and Senior Leaders Harness Data to Drive Strategy

This episode features highlights from our first ten episodes focusing on the importance of data for finance and how to harness data to drive strategy. We hear from Ann Dennison, CFO of Nasdaq, Jaye Connolly-Labelle, Chairman and CEO of RippleNami, Hamza Benamar, former CFO of Kyriba, and more. Together, they bring you the most relevant insights to help you unlock the power of data in your own organization’s finance department.

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CFOs Mandate to Treasury: A Reliable Cash Forecast

Many Treasurers and their respective CFOs are faced with a mandate from the board to provide more timely and reliable insights into liquidity in both the short and long term. In a recent CFO.com survey, nearly half of CFOs mentioned “unreliable cash forecasts (and visibility)” in their top three areas that are causing concern.

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Transform Microsoft Dynamics 365 Finance with Kyriba Payments

Blossoming companies using Microsoft Dynamics 365 are running into a needing-to-be-solved obstacle: Payments & Bank Connectivity with the complexities of file formats, currencies, in multiple geographies through many payment systems. On top of that, these payments need to be secure and fraud resistant, while also being simple and friendly for business user groups in the...

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Kyriba Appoints New Chief Experience Officer to Lead Client Services Teams

San Diego – October 5, 2021 – Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, announced the appointment of a new Chief Experience Officer, Andrew Snyder, to lead the company’s Client Services teams, including Professional Services, Client Support and Client Success. The appointment brings new leadership to a strong suite of...

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Data is key to working capital improvements, say speakers at Working Capital Forum

The event has been welcomed by working capital and supply chain finance solution providers, 12 of which are supporting the day as sponsors and exhibitors, ranging from established fintechs such as Taulia, Kyriba and Orbian to payments giants like American Express, and global banks such as Citi and fresh start-ups like Calculum.

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How to Tackle Payment Errors and Compliance Violations

Payment errors and compliance violations come in all forms and cause significant losses for businesses of all sizes. Fraud alone cost companies more than $42 billion last year, according to PwC’s Global Economic Crime and Fraud Survey. The repercussions are wide-ranging, from arduous public disclosures and legal fees to reputational damage. Some are the result...

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Kyriba Strengthens Board with the Appointment of Four Transformational Leaders

San Diego, CA – September 28, 2021 — Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, announced today the appointment of four new members to its Board of Directors: Mike Eberhard, Kevin Burke, Jennifer Kuperman, and John Murphy. The four appointments reflect Kyriba’s ascension as a leading global software platform for...

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Kyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API Platform

Kyriba’s Open API Platform streamlines the creation and connectivity of new applications for the company’s trusted network, which connects 1,000 banks, manages over a million bank accounts, and processes over 200 million payments worth 15 trillion USD annually. The Open API Platform is accessible through Kyriba’s newly launched Developer Portal, which connects fintech developers to...

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Kyriba APIs for Treasury Management

As the leader in connectivity for treasury and finance systems, Kyriba maximizes the power of APIs for treasury management to drive liquidity transformation for CFOs and treasurers.

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Episode 11: Finance Modernization

This episode features an interview with Enrique Calderon, former Assistant Treasurer at Fluor, a global engineering construction company with a revenue of $15.7B in 2020 and ranked 181 among the Fortune 500, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Enrique talks about what it was like adopting the Euro at a massive organization, how important it is to understand liquidity whether or not your company is flush with cash, and shares some valuable advice on getting promoted. Enrique has spent an impressive 45 years in Treasury. Prior to his 14 years as Assistant Treasurer at Fluor, Enrique spent 29 years working for AT&T or its divested companies, where he took on an assignment in a joint venture with Telefonica in Spain and became regional treasurer for Latin America and later for Europe, the Middle East and Africa.

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CEOs: Point-blank News from UK Regulators on Trade Finance Arrangements

As has been well publicised, on the 9th September all CEOs of trade finance firms received a letter from the UK’s two banking regulators, setting out the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) expectations for firms undertaking trade finance activity. The letter makes reference to several high-profile failures of commodity and trade...

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Kyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API Platform

The Company’s Newly Announced Developer Portal Streamlines Application Development and Access to Thousands of Global Corporates and Banks San Diego – September 22, 2021 — Kyriba, a global leader in cloud-based finance and IT solutions, today announced the launch of its Open API Platform to accelerate the next generation of finance innovation and enable composable,...

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Kyriba on Fox Business Network: Futures Point to Losses

Fox Business Network anchor Maria Bartiromo interviews Kyriba senior strategist Wolfgang Koester about whether futures point to losses. Wolfgang relates continuing optimism for futures among investors and recommends looking for value in companies that manage liquidity well.

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Nordic Battle of Treasury: Cash flow forecasting

Cash flow forecasting is typically a very manual process that takes quite a bit of time. Further, people sometimes question the accuracy of the forecast and thereby the usefulness of spending too much time on forecasting. In this webinar you will get a presentation of full blown TMS solutions and more niche focused solutions to...

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Migrating to S/4HANA and the Cornerstone for Your Project: Multi-bank Connectivity

Introduction Frequently in information technology, a term is developed without consideration given to the importance of one of the words that make up the term. This is certainly the case with terminology developed around the effective management of multiple banks and the impact it can have on so many of the IT and finance projects...

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Securing High, Risk-Free Returns with Dynamic Discounting

As treasury's remit becomes increasingly more focused on value creation, the need for organizations to generate higher, risk-free returns is critical. Dynamic discounting could be a key weapon in treasurers' arsenals.

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Kyriba And Openpay Offer Smarter Payments Experience For US Based Clients

Kyriba, a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba clients to improve their working capital performance and strengthen customer relationships.

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Episode 10: $15B and Counting: How CFOs Build High-Growth Strategies

This episode features an interview with Ross Tennenbaum, CFO of Avalara - the leading provider of automated tax compliance software with a market cap of nearly $15B, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Ross discusses how to harness skills from previous finance roles to become a strategic partner as CFO, when to bring on a treasurer, and leveraging modern technology to drive growth. Over his more than 20-year career, Ross has served in operational and financial leadership roles for companies like Credit Suisse and Goldman Sachs. He’s an entrepreneur and investment banker turned software executive, with an MBA from The Wharton School.

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Kyriba and Openpay Offer Smarter Payments Experience for US Based Clients

New Partnership Gives Kyriba Clients New Customer-Centric Payment Capabilities San Diego, Melbourne – August 26, 2021 — Kyriba, a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. (ASX: OPY) (Openpay), a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba...

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Simplifying SAP Bank Connectivity with Certified Payments Network

CIOs & CFOs are reporting that generating XML ISO20022 payment format variations, building new bank connections, and new fraud prevention safeguards, is demanding more time, money, and resources than ever. Add the complexity of digital transformation as 35% of SAP customers are planning to move to S/4HANA in the next five years, a hybrid remote/in-office...

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Outgrowing Excel: Why Treasurers Transcend to a TMS

“When do I know my finance organization has outgrown spreadsheets for managing our cash and risk? Which inefficiencies could we overcome moving beyond Excel? How many hours and dollars could we gain? Which processes could we automate and standardize by upgrading our technology?”

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APIs: The Catalyst for Real-Time Treasury

APIs are becoming a very popular buzzword in treasury, payments, finance, in part to deliver on the promise of open banking and real-time connectivity between systems. While APIs offer great efficiencies for bank and ERP connectivity, there is a bigger prize for CFOs and Treasurers than a quicker implementation or quicker exchange of information.

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How To Protect Against Payments Fraud

Information security is among every company’s biggest concerns today. And according to Eric Adams, Chief Information Security Officer at Kyriba, a treasury management software company based in San Diego, California, one of the most challenging segments of that threat is payment fraud.

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Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this webinar, we examine common pain points and outline ways to improve payment workflows through better connectivity, control and optimisation.

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Crypto challenges shine light on CFOs’ fiat currency management

Finance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies.

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Fiat Currency Management Crypto Challenges

Finance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies. Bitcoin’s skyrocketing and subsequent free fall in value should be a wakeup call to CFOs, corporate risk managers and others focused on currency...

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How International Treasury Centers Unlock Global Cash Visibility

After a year and a half of Deloitte’s Treasury Advisory team serving many of the world’s emerging corporations through an unsettled global economy, the Advisory team noticed an increase in popularity of a noteworthy trend – the formation of International Treasury Centers.

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Readying Treasury for Hybrid Work

To say that the COVID-19 pandemic changed the way treasury departments and companies operate is a massive understatement. Treasury, a function already accustomed to ‘doing more with less,’ began operating remotely—often with a skeleton crew as companies were forced to reduce headcount. Once mass distribution of the COVID-19 vaccine began, companies quickly began to strategize...

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Real-Time Payments and Real-Time Fraud

As real-time, instant payments technologies continue to gain momentum, more concerns are being raised about the increased risk of payments fraud. Traditional payment mechanisms settle in the same day or over a period of days after payments are sent from treasury or ERP platforms. However, with real-time payments that clear instantaneously, once the payment is...

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The Pros of a Multi-Bank Data Integration Solutions

Companies used to offer working capital or (supply chain finance) programs to their suppliers primarily in conjunction with a single bank. That was great for the bank, of course, because it allowed the bank to set the terms of the working capital program, to tie the company into a close, long-term relationship, and to gain maximum benefit from lending money to the company’s suppliers while only taking on the credit risk associated with the company itself. The company in question would, of course, usually be a multinational, large or mid-market business with a good credit rating. Banks’ historic involvement with working capital means that even today – when there are numerous bank-agnostic solutions available on the market – many corporates talk to their bank about their working capital requirements first of all and might even end up being sold a solution without properly exploring other options. The risk with this approach is that the bank’s solution may not actually be the best overall solution for the corporate, taking into account factors such as credit availability, fees, funding costs and onboarding requirements, and also whether the organization has any specific needs, such as wanting to provide finance to suppliers in a country where the bank has no presence. Related reading: How to Increase Financial Performance with Working Capital Programs Related reading: How Working Capital Solutions Can Accelerate Free Cash Flow – and Boost Your Capital Investment by 48 Percent Related reading: Busting Payable Finance Myths in the Digital Age Furthermore, when a corporate sets up a working capital program with a single bank, it is effectively giving a large amount of business to the bank, which will certainly put it in that bank’s good books, but could be harmful to its relationships with other banks and increase its exposure to counterparty risk. Since there is a lot of effort involved with setting up a working capital platform initially, it can be difficult for a company to move to another solution if the bank’s service standards slip, it increases interest rates for suppliers at a steep rate, or it allows the technology underpinning the platform to become antiquated. Another consideration is that a bank’s working capital platform will not necessarily integrate with the company’s forecasting and payments solutions, leading to duplication of effort when it comes to reporting and tracking transactions. Meanwhile, the invoices that will be financed under the working capital program will be stored in the company’s enterprise resource planning systems, not its platform, which reduces the efficiency of the payments process. Finally, when onboarding suppliers to its working capital platform, the company will inevitably have to follow the bank’s procedures, which are likely to be more onerous than its own procedures would be. When a company is weighing up whether to use a bank-hosted program or to invest in its own platform, it should take the following selection criteria into account:

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Episode 09: Knowing Your Data, Culture and Network

This episode features an interview with Hamza Benamar, CFO of Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Hamza discusses the importance of being attuned to the global market, how we’re coming closer to full digitization of payments, and how the pandemic is redefining talent acquisition as well as the workplace. Hamza has spent more than 20 years driving financial performance, 12 of which were spent internationally, in Europe, Asia and Latin America. Before Kyriba, he served in leadership roles in finance, operations, consulting, and pre-sales at companies like Amgen, Wolters Kluwer and SunGuard.

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Proactively Counter Fraud and Automate Your Payments Controls

Fraud and internal controls violations significantly impact the operational and financial health of organizations of all sizes and scale. CFOs must address these threats while under the constant barrage of ever-increasing and more technologically savvy criminals. Most of the controls at the disposal of CFOs and treasurers are comprised of largely manual and detective processes...

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#techforfood #techfortreasury #swile@work

Şişecam’s international growth over the past few decades meant the company had a fragmented approach to cash management. While treasury handled strategic decisions such as borrowing, individual subsidiaries within the group handled their own payment operations and managed their cash using their enterprise resource planning (ERP) systems.

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Treasury management at SMEs – Still too neglected?

Treasury management or more generally Supply Chain Finance management is still a neglected topic at many SMEs. … Nonetheless in this globalized competitive market with fast moving cash, even SMEs are in need of an effective treasury management.

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Re-examining Your Strategic Treasury Management System

If you had the opportunity to reimagine your treasury strategy and overall treasury operation, what would you do? This opportunity was given to our treasury team at Health Care Service Corp (HCSC), a large health insurer operating across the U.S. under the brand names of Blue Cross Blue Shield of Illinois, Texas and more. As...

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BlackLine and Kyriba Partner to Streamline Digitization of the Office of the CFO

Joint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers.

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Debating Daily vs. Single Rate Balance Sheet Exposure

Managing balance sheet FX exposure in a daily vs. single rate is an often discussed treasury topic in corporate risk mitigation. There are different results and perspectives, with a void left for real data and results to be shared in the space. With support from Kyriba clients, research has been gathered that examines trends related...

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Episode 08: The Evolution of CFO as Strategic Advisor

This episode features an interview with Ann Dennison, EVP and CFO, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. On this episode, Ann discusses market resiliency, cutting-edge topics like ESG and the digital asset space, and the transformation of the CFO from a numbers person to a strategic advisor. Ann has more than 20 years of experience in corporate finance and financial reporting and analysis. At Nasdaq, she’s responsible for accounting, FP&A, budgeting, planning and procurement. Prior to joining Nasdaq in 2015, Ann was a managing director and head of financial reporting at Goldman Sachs.

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Rise of Digital Yuan Brings New Challenges for China Tech Giants

For the past decade, private companies in China have led the way in the digitization of money, with Tencent Holdings Ltd. and Ant Group Co. setting up enormous private payment networks and cryptocurrency-mining operations providing the fuel for the global Bitcoin boom.

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FX Predictions, Opportunities and Pitfalls in an Expanding Global Market

The July 2021 Kyriba Currency Impact Report clearly illustrates that corporate FX risk managers still have a challenging set of market conditions to navigate as the US dollar found footing against other currencies due to aggressive pandemic mitigation efforts and general business activity surging back to life. The combination of a resilient USD and increased...

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Ensuring Greater Speed, Accuracy & Security Across the Bank Reconciliation Process

A traditionally time-consuming exercise, the end-to-end bank reconciliation process requires heavy IT involvement on the front-end and manual review of large transactional volumes by accounting teams throughout the period. The rise of cryptocurrencies, social media, and open banking has changed the landscape for financial service companies, creating new opportunities to generate and transfer wealth. The...

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Kyriba’s July 2021 Currency Impact Report

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

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Cloudiness in Libor Transition?

With less than 6 months to go until the transition from Libor to new overnight risk-free rates, uncertainty lingers as to which rate indices are to be adopted in countries such as the United States. While regulators remain steadfast in their recommendations that risk free rates such as SOFR in the United States and SONIA...

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Kyriba Platform Selected by Thales for Payments Management

Paris – 21 of July 2021 — Kyriba, one of the global leaders in cloud treasury, payments and finance solutions, has announced that Thales, the technology group specializing in aerospace, digital identity & security, ground transport, defense and security, has selected Kyriba to accelerate the digital transformation and security of its global payments platform. This...

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Kyriba Partners with BlackLine to Facilitate Bank Connectivity

The partnership between BlackLine, the Woodland Hills accounting software developer, and Kyriba offers enhanced capabilities for mutual customers through integrated products that will accelerate bank connectivity, increase cash visibility and enable greater automation for the financial close and accounts receivable functions, the companies said in a release.

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Episode 07: The Future of Digital Currency

This episode features an interview with Wolfgang Koester, Chief Evangelist at Kyriba, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Wolfgang has spent more than 30 years in currency markets, with experience working for Fortune 1,000 companies and government entities. He is the former CEO and co-founder of FiREapps, and was named one of the “100 Most Influential People in Finance,” by Treasury & Risk Magazine.

On this episode, Wolfgang discusses the importance of knowing your exposures, defining risk, and the possibility of a global electronic currency.

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Kyriba and BlackLine Partner to Accelerate Bank Connectivity and Improve Treasury Management

Accounting automation software maker BlackLine said Tuesday (July 20) it is working with Kyriba, which provides cloud-based finance and IT solutions, to streamline digitization for chief financial officers and improve finance and treasury department collaboration.

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Episode 06: Data, Productivity and Certainty ~ Drivers of Growth for the Modern CFO

This episode features an interview with Katherine Edenbach, CFO of Emburse, talking to The Invisible Vault host Bob Stark, Head of Market Strategy at Kyriba. Katherine has an impressive career of over 20 years in accounting and finance. Before coming to Emburse, she was CFO of Certify, Inc., VP of finance at CashStar and served in various senior accounting and finance roles at Fairchild Semiconductor and WEX, Inc. On this episode, Katherine talks about the latest in fraud trends, the renewed importance of cash management amid the pandemic, and how accurate data leads to better decision making.

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BlackLine and Kyriba Partner to Streamline Digitalization of the Office of the CFO

Joint solution accelerates bank connectivity, enabling greater financial close and accounts receivable process automation for customers LOS ANGELES and SAN DIEGO, Calif. – July 20, 2021 — Accounting automation software leader BlackLine, Inc. (NASDAQ: BL) and Kyriba, a global leader of cloud-based finance and IT solutions, today announced that they are joining forces to streamline...

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Leveraging Surplus Cash to Minimize Supply Chain Risk

One of the biggest risks to an organization’s supply chain is a vendor’s liquidity issues making it unable to deliver products on time. What practical steps can organizations take to minimize this risk?

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7 Reasons 7-Time Netsuite Partner of the Year Recommends Kyriba

Financial organizations of all sizes on Oracle Netsuite are supplementing, reducing financial risks, and empowering their treasury teams by bolting on Kyriba. Certified and “Built for Netsuite”, Kyriba naturally complements Netsuite, allowing finance teams to seamlessly visualize cash positions and forecasts, all within their NetSuite application.

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Put Your Excess Cash to Work

In a post-pandemic world, there’s a major reset for most organizations, not many businesses have prospered and gone unscathed. The industries that have tended to fare better than most: food retail, e-commerce and retailers that cater for home improvements.

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Episode 05: Why the Treasurer could be the Modern CFO

This episode features an interview with Niklas Bergentoft, Principal at Deloitte & Touche LLP. Niklas has been at Deloitte & Touche LLP for 15 years, and currently leads the company’s treasury practice in the US. His multifaceted role involves setting strategy and building capabilities for business growth, shaping the firm’s methodologies, relationship building, and client delivery.

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Episode 04: Finger on the Pulse-The Power of Digitization

This episode features an interview with Jaye Connolly-LaBelle, Chairman and CEO of RippleNami, Inc., a global technology company that has redefined a simple-to-use technology platform leveraging artificial intelligence, blockchain, and data visualization, and currently has a keen focus in Africa.

Jaye boasts an impressive 35-year career in finance, technology, audit, healthcare, and M&A, with extensive leadership experience including key C-level roles at both private and publicly traded corporations.

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