Leading real estate developer to deploy SaaS solution for cash, forecasting and payment management
Kyriba, the global leader in cloud-based Proactive Treasury Management, will deploy its award-winning software-as-a-service (SaaS) treasury management platform for Hunt Companies Inc. (Hunt), a national developer, investor and manager of real estate assets. Hunt will implement a broad range of Kyriba’s solutions, including bank connectivity, cash management and forecasting, bank account management and bank fee analysis, and payments management.
Hunt will implement Kyriba to replace its two existing treasury management systems, following the company’s recent acquisition of the commercial mortgage lender Centerline Capital Group, which has been rebranded as Hunt Mortgage Group. Kyriba will set up and provide ongoing monitoring and maintenance of connectivity with more than 700 bank accounts across Hunt’s five North American banking partners. This will give Hunt complete, comprehensive visibility of its cash position and forecasting, enabling it to make smarter, more informed business decisions about its investment portfolio and strategy.
“One of our key selection criteria was the ability to streamline and improve our bank connectivity and payments, and Kyriba was the clear leader in this area.” said David Miller, Senior Vice President and Treasurer at Hunt. “Not only can Kyriba set up our bank connectivity quickly and easily, but by monitoring and managing our bank connectivity throughout the relationship, can also save us a lot of time and energy. In addition, Kyriba will enable us to enhance and standardize our payment processes, which will help us to improve payment controls, as well as provide significant time and cost savings.”
“Hunt shares many of the attributes seen across our client base, in that it needed to replace two disparate and aging treasury platforms, while improving existing processes,” said Jean-Luc Robert, Chairman and CEO of Kyriba. “Kyriba has a long track record working with our 900+ clients to make their treasury and payment operations run more securely and smoothly. We look forward to enabling Hunt’s treasury team to become more strategic by removing many of the headaches traditionally associated with managing cash and connectivity across several hundred bank accounts.”