Centralizing Payments with an In-House Bank to Fully Optimize Working Capital

by Kyriba | White Paper

Modern treasury teams have numerous available tools and structures to succeed in today’s global economy. With supply chain disruptions and decreased cash flows prevalent, treasury can leverage an in-house bank (IHB) and Payments Hub to optimize working capital for an improved liquidity portfolio. This eBook highlights three key areas in which an IHB can improve working capital operations through centralization and standardization

About Kyriba

Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and working capital optimization. Kyriba delivers a highly secure, 100% SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges.

Financial leaders use Kyriba to add bottom line value and reach growth targets across the organization with real-time strategic analyses, automated processes and financial controls.

Kyriba is a pioneer in cloud financial technology and is 100% SaaS. Implementing our modular and scalable solution across multiple geographies requires only a fraction of the investment of traditional legacy systems, providing simple and secure access to data—anytime, anywhere.

Kyriba delivers a full business continuity solution and is audited to the SOC Type II standard to ensure that our clients align with their own information security policies and external regulatory compliance.

Kyriba’s feature set includes:

Web-based, on-demand access / deployment
Proactive Monitoring of all bank connections for reporting and payments
Multi-entity and multi-account intra-day transactions and balances.
Daily funding and overnight investment – “earn more and borrow less.”
Cash flow forecasting and variance reporting – identify any shortfalls or surpluses
Cash and forecasting reconciliation.
Inter-company loans and transactions.
Currency risk management.
FX tracking, capturing and monthly revaluations.
Electronic payments (ACH, wires, low and high value transfers)
Financial reporting
Sarbanes-Oxley compliant workflow and controls
Bank account administration
Bank fee analysis
Personalized liquidity dashboards for real-time analysis locally / regionally / globally
Multi-lateral netting
General ledger reconciliation
Cash management intranet
Document library / repository

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