Strategic Cash-Management Culture at EmblemHealth Improved by Kyriba’s Solutions

EmblemHealth Treasury team finds up to 40 percent time savings with general ledger automation and bank reporting 

Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, announced today that client EmblemHealth experienced improvements in cash forecasting and advanced cash management, as well as increased payment security using Kyriba treasury and connectivity solutions. EmblemHealth is now better positioned to prioritize strategic operations with the same head count, which will add bottom-line value to the organization.

EmblemHealth is one of the nation’s largest nonprofit health plans, serving 3.1 million people who live and work across the New York tristate area. In 2014, EmblemHealth reported their initial benefits from Kyriba. These benefits continue demonstrating the evolution of strategic value with additional cloud-based, modular solutions from Kyriba.

“The accuracy and efficiency of our cash position allows for increased opportunities to optimize working capital metrics, such as making investments earlier in the day or reducing the cash conversion cycle,” said Charlton Correa, Treasury Manager for EmblemHealth. “We have streamlined payments and have more control over who is entering the wires.”

“Emblem Health operates in a highly regulated, fast paced health care environment, and has demonstrated leadership in their ability to overcome these challenges with the help of technology,” said Jean-Luc Robert, Chairman and CEO of Kyriba. “When organizational efficiency arrives out of a single source of truth treasury, everyone wins. We built Kyriba with deeply integrated cash management and payments solutions backed by secure connections to support the increasingly complex requirements to stay competitive in the market place.”

Kyriba is the global leader in cloud treasury solutions, delivering Software-as-a-Service (SaaS) treasury technology to corporate CFOs and Treasurers. More than 1,300 global organizations use Kyriba to deliver global cash visibility, improve financial controls, and increase productivity across their cash and liquidity, payments, supply chain finance and risk management operations. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Singapore, Dubai, Hong Kong, Shanghai and Rio de Janeiro. 

EmblemHealth, one of the nation’s largest nonprofit health plans, serves 3.1 million people who live and work across the New York tristate area. The company offers quality, affordable health benefits to consumers, employers and government purchasers as well as coverage for prescription drugs, dental and vision care. EmblemHealth utilizes a choice of quality networks to deliver personalized, coordinated care while leading the market in value-based delivery. For more information, visit emblemhealth.com.

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