The complex nature of global bank connectivity is often cited as one of the most difficult, time-consuming and riskiest component of an ERP deployment or cloud migration – putting a heavy burden on IT.
"As a small team, we needed a secure, robust and scalable solution that integrated well with our systems ... We found that among other technology partners, Kyriba was best aligned to support our needs."- Johan Bergqvist, Spotify VP, Corporate Finance & Treasury
Why Digitised Connectivity is the Key to Optimising Cash Deployment
As Ruth Porat, CFO of Alphabet, has said, “There’s no question that liquidity is sacrosanct.” 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.
To keep up with the increasing demands placed on treasury, treasurers in the insurance industry need to streamline and automate key processes, while also protecting against fraud and financial risk.
Many healthcare organisations are challenged by a high volume of payment activity and complex liquidity pooling structures. Treasury can cultivate better cash management and payments processes with Kyriba’s:
Kyriba centralises payment activity and facilitates the screening of payments from various sources to ensure compliance.
Comprehensive Pooling Functionality
Kyriba can mirror physical accounts into multiple virtual accounts to reflect the way a business is run.
Flexible Cash Position Views
Kyriba allows for complex cash position structures to be created using the analytical tree functionality of the Kyriba cash position.
It’s done a tremendous job with all of our bank integrations in giving us real-time cash forecasting and reporting. What we’re looking forward to doing is activating and turning on the accounting components.”