Industry

Higher Education Industry

Treasurers at higher education organisations need access to technologies that help them facilitate accurate cash forecasting and avoid payments fraud in an efficient and automated manner, giving them more time to focus on value-add tasks.

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Higher education organisations generally deal with revenue collection only a few times a year, making forecasting an integral part of treasury’s job in order to ensure that cash can last throughout the year. Additionally, a large number of suppliers – and changes to those suppliers as it relates to construction projects – creates an additional risk for payments fraud. To help combat these issues, Kyriba provides:

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Award-winning Forecasting

Kyriba gives companies the ability to easily consolidate forecasts and measure their accuracy.

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Fraud Management

Kyriba’s fraud management intelligence helps protect cash by screening payments to suppliers.

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100% Cash Visibility

Kyriba reduces the cost and complexity of bank connectivity and enables accurate cash forecasts.

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Kyriba has enabled our digital transformation by allowing us an opportunity to step away from spreadsheets. We’ve replaced a lot of our very manual efforts with more automated processes which has helped us to give information to people when they need it.”
CORY ZEMBRA ASSOCIATE DIRECTOR, GLOBAL TREASURY OPERATIONS, COLUMBIA UNIVERSITY Hear the success story
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Average Quantitative Results

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Hours saved per month using Kyriba

526
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Hours saved per month on daily cash positioning

171
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Average of payback months

3.96

Source: Data compiled from surveying more than 200 companies as part of Kyriba's value engineering process.

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Boosting Efficiency & Reducing Operational Risk

An iconic, private university in the US Northeast had to rethink its treasury approach to avoid key person risk and end the team’s reliance on spreadsheets.

Learn how the university’s treasury team was able to achieve a 5x reduction in operational risk, increase treasury productivity and save $65k in annual bank fees.

Read the success story
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Financial controls are incredibly important in locking down the treasury function against fraudulent activity. Kyriba makes us much more secure and efficient, so we can meet our obligations and help drive global growth.
ASSISTANT TREASURER LARGE PRIVATE UNIVERSITY

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