Kyriba Reviews

Allows Treasury Department to maintain one system for debt, bank account signers, letters of credit, reporting to Accounting.

would like more flexibility to add additional reporting fields in tables

Debt management and calculating Interest invoices.

The tool is customizable to your needs. With multiple banks, account types, regions, etc., it is wonderful to customize the Cash Position worksheets using the multiple User Categories. The various debt instruments are also easy to track in the Financial module. We can easily research transactions and pull reports requested by other departments.

Because of how much we require customized reporting, changes have to made in many different places. Historical data is not preserved after changes are made but then again, this isn't supposed to be an accounting software.

Our banking is centralized and useful information is easily accessible.

Kyriba has been very helpful to connect all of Tropical's US and foreign banks. With many of Tropical's foreign banks in Caribbean it was vital to connect these smaller banks to improve visibility and improve treasury controls through Kyriba.

I really didn't have dislikes to report. I thought Kyriba was very user friendly tool that has improved our Treasury processes and controls.

I think the biggest gains were gaining visibility of all of our 54 banks, and 22 banking relationships through 1 platform. There was also great improvements in cash position reporting and cash forecasting. We also had some benefits using the payment module for transfers between our bank accounts. Next step is to add payment hub to make payments to our vendors with file feed from our ERP through Kyriba to the banks, and implementing Kyriba;s fraud module.

User friendly, interconnected modules that provide a fully integrated/seamless approach to data.

I like the advancement and investment into partnerships with other Fintechs, banks, etc. to bring additional functionality and visibility to the application.

Cost for users/subscriptions, modules, consulting, rate feeds, swift fees, etc. It would be great to see bundled or discounted fees based on number of modules/functions used (price breaks).

Daily real-time visibility into global cash balances to enable proactive cash positioning and long-term strategic business decisions. Kyriba also partners with us to provide a single, bank agnostic method of integrating with our ERP platforms to deliver a standardized payment process and maintaining the bank connections/requirements to reduce/eliminate the drain on IT resources; freeing them up to work on other business solutions.

The system is intuitive and very easy to navigate. Being a true SaaS system allows us to avoid managing system upgrades and updates ourselves. The support team is very helpful and quickly resolves our issues. Kyriba makes it easy to interface with other systems. It truly has all the functionality we need in one system. Processing times are very quick and the reporting tools are great and make it very simple to create your own reports without any technical assistance.

The only downside I can mention about Kyriba is that its sandbox environment refreshes every 6 weeks. Normally this is fine and allows them to roll out updates more frequently. However, when you are implementing or testing something you only get 6 weeks until the sandbox is wiped out and refreshed.

Global Cash Reporting, Debt, Investments, FX, Hedging, Exposure Management, Cash Positioning, Payments, Bank Fee Analysis, Bank Account Management

Kyriba is a fantastic TMS for any business that wants to centralize cash, bank, FX, and debt management system with an interface that is end-user friendly.

There is little to dislike because the product development team is constantly working on improving the user experience and building more functionality to the system. Also their support team is very responsive and willing to provide assistance, no matter how big or small the question.

None at this moment. Not a problem perse, but we are exploring how to incorporate APIs for increased efficiency of our work .

Consolidates many areas of Treasury into a single system.

The system can be more visually appealing.

Consolidates many areas into single system. It has become our source of truth.

The support I've received from my Kyriba partners has been phenomenal. I am not technically savvy but was able to easily learn about the connectivity to our ERP and banking platforms.

I think while Kyriba is developing there are still room for improvements and opportunities to grow.

Cash accounting and bank reconciliations

The daily cash reporting and bank imports.

Can be cumbersome to implement correctly

Less manual entry to get prior day report and short term reporting. Helps when researching bbank transactions with questions and track payment returns/rejections.

I value the FX hedges and settlements capabilities the most.

Room for improvement with design elements.

Managing thousands of FX transactions per year.