Industry

Real Estate Industry

Treasurers in the real estate industry need automation and superior cash management to accommodate complex industry regulations and eliminate the resulting time-consuming treasury processes.

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Real estate companies have their own set of treasury challenges, including the complexities of partial ownership structures on properties and the high volume of deposit collections. To help combat the reconciliation headaches and the high volume of bank accounts as a result of dealing with a multitude of properties, Kyriba provides:

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Superior Connectivity

Kyriba's industry-leading banking connectivity allows for dynamic adaptability as business and banking partners evolve.

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Easy Allocation

Kyriba can allocate cash and cost by owners to accommodate a multitude of equity holders with varying percentages.

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Streamlined GL Reconciliation

Kyriba helps automate the general ledger reconciliation process, enabling quicker month-end close.

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The top benefits that Kyriba provides are the visibility it provides, the timeliness in which it provides that visibility and the ease of use.”
TRISH FISHER DIRECTOR, TREASURY OPERATIONS, WEWORK Hear the success story
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Average Quantitative Results

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Hours saved per month using Kyriba

1,234
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Hours saved per month on daily cash positioning

581
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Average of payback months

2.88

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

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Addressing Cash Management Challenges in Real Estate

Pulte had close to 100 bank accounts to meet state sales requirements and to hold money in escrow near specific projects, complicating cash management processes.

Learn how, with Kyriba, Pulte was able to address these challenges and automate cash management to save time and money.

Read the success story
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Prior to Kyriba we got emails or faxes related to yields on funds that we had invested cash with, we then had to upload that data into Treasura to calculate accrued interest. With the new solution, those are all automated feeds. Now the accruals are calculated automatically, shaving off valuable time.
DORY MALOUF TREASURY CASH OPERATIONS MANAGER, PULTEGROUP

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