Kyriba Corp., the global leader in cloud treasury management, has been named as the Best Cash Management Solution in Treasury Management International’s (TMI) 2015 Awards for Innovation & Excellence in Treasury & Risk Management.
Since TMI introduced the TMI Awards for Innovation & Excellence more than a decade ago, they have become firmly established as the quality benchmark for the treasury profession, formally recognizing the banks, vendors, consultants and practitioners who are defining new frontiers and driving best practices in treasury management globally.
Kyriba introduced the advanced forecasting module to its cloud treasury platform in 2015, delivering the innovation that made more accurate cash forecasting achievable for all CFOs and treasurers. Kyriba’s advanced forecasting built upon our existing cash management and cash forecasting solution to offer two key capabilities:
Forecast modeling based on extrapolation of historical data
Multi-period forecast variance analysis
Forecast modelling allows treasurers the ability to build forecasts using sophisticated scenarios and extensive calculations, not possible in spreadsheets or manual environments. Multi-period forecast variance analysis, the second key innovation offered by Kyriba as part of the advanced forecasting module, gave treasurers the ability to take ongoing snapshots of forecast scenarios (e.g. the six month forecast, summarized by week, as of January 1st) and compare multiple snapshots to measure forecast accuracy over time.
“We are delighted to receive this prestigious award from TMI,” said Jean-Luc Robert, CEO and chairman at Kyriba. “Kyriba continues to develop cloud treasury management solutions that improve business outcomes for our clients, and we appreciate the ongoing partnerships we have in making our solutions possible.”