Introduction

This case study of a medium enterprise financial services company is based on a May 2019 survey of Kyriba customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.


“Kyriba reduced the time spent on previously manual processes such as obtaining bank balances from all our bank accounts and setting up payments on bank portals.”

 

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Kyriba:

  • Challenges they faced that caused their organisation to buy Kyriba:
    • Inefficient manual processes that wasted time and resources
    • Improved decision support


Use Case

The key features and functionalities of Kyriba that the surveyed company uses:

  • Has been a customer of Kyriba for 1-2 years
  • Kyriba solution categories they are using:
    • Treasury Management (cash management, forecasting, debt, investments, BAM)
    • Payments (treasury and supplier payments, payments hub)
  • Top purchasing drivers for selecting Kyriba:
    • Depth of product functionality
    • Superior global bank connectivity
    • Strong business case


Results

The surveyed company achieved the following results with Kyriba:

  • Biggest business benefits since choosing Kyriba:
    • Increased productivity
    • Freeing up time for more strategic initiatives
    • Reduced costs via cloud automation
    • Improved executive decision support
  • Rates the following since implementing Kyriba:
    • Improved staff productivity by automating treasury management processes: 50-75%
    • Increase in time spent on strategic initiatives by reducing: 25-49%
    • Reduced operational risk due to better controls: 50-75%
    • Reduced impact of FX on earnings: up to 25%
  • Improved cash returns by 25% to 30% since implementing Kyriba for better global cash visibility
  • Experienced an ROI of 2X with their Kyriba investment