Kyriba Empowers Finance Leaders to Increase Forecast Accuracy and Minimize Fraud with Launch of Kyriba 15.0

San Diego - 13 May 2015

Newest version of SaaS treasury management system delivers best practice cash forecasting and advanced financial controls

Kyriba Corp, the global leader in cloud-based Proactive Treasury Management, has launched Kyriba 15.0, the newest version of its award-winning SaaS treasury management solution. With Kyriba 15.0, CFOs and global finance leaders will now benefit from a range of strategic treasury process improvements:

Unequaled fraud prevention and security: delivering improved visualisation of account authorities and integration of bank account and payment workflow controls to further prepare treasury teams for FBAR, eBAM, and internal audit compliance.

Strategic cash forecasting: empowering CFOs and global finance leaders to compare multiple forecast snapshots across any time horizon to measure and document forecast accuracy, ultimately enabling treasurers to make confident investing, borrowing, hedging, and working capital decisions.

Secure payments and international formats: advanced payment dashboards to manage the four levels of payment acknowledgement delivered by SWIFT and direct-to-bank channels, along with additional PAIN and CAMT format development for complete global coverage.

Risk management enhancements: improve depth of risk management solution by offering a new module dedicated to financial transaction accounting.

“Kyriba 15.0 gives organisations the ability to minimize the risk posed by internal fraud,”
said Jean-Luc Robert, chairman and CEO of Kyriba. “It enables companies to easily visualize account authorities, so that anomalies can be identified and changes made, without analyzing individual accounts or signatories. This significantly reduces the burden on treasury teams when it comes to bank account management and security.”

Kyriba was already the leader in cash forecasting, especially in modeling capabilities to build out forecasts from historical information. Kyriba 15.0 ensures that our clients can measure the accuracy of their forecasts at a detailed level, incorporating full commentary, at whatever frequencies they wish. With this new ability to measure the effectiveness of cash forecasting, treasurers and CFOs now have the confidence they need to make strategic decisions from the cash forecast,” continued Robert. 

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