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.
Treasurers in the transportation industry need real-time insight into global cash and liquidity to make smarter decisions.
Many transportation companies are challenged by the global nature of their business – from international trading to the high volume of payments from foreign subsidiaries and consumers. Kyriba helps companies manage the challenges associated with being a global company, including:
Insight into Exposures
Kyriba helps organisations gain visibility into all of their currency pairs and pinpoint any exposures that need to be addressed.
Kyriba empowers organisations to initiate, approve and release payment instructions that are encrypted to corporate banking partners.
Global Cash Visibility
Kyriba delivers timely and accurate cash visibility across all banks in all regions. This enables more strategic decision making.
Kyriba is empowering my digital transformation at work particularly because we are now real-time. We were never able to do that before.”
We required a secure cloud solution that would give us greater financial controls, greater visibility of cash, and secure our compliance obligations. We also needed world-class, extensive bank connectivity to optimise our treasury operations across ASEAN, and after exhaustive research, we found that Kyriba exceeded our requirements.
WAN CHUN SHONGGROUP TREASURER, TAN CHONG MOTOR HOLDINGS