Kyriba Launches Payments Network for Global CFOs


By Cyber Era Staff

The global leader in cloud treasury and finance solutions, Kyriba has launched the Kyriba Payments Network to address the growing CFO mandate to combat payments fraud, centralize payments, and unlock organizational efficiency.

The new payments network provides corporations with real-time fraud detection and access to machine learning-driven payments anomalies detection, as well as the ability to dramatically accelerate corporate ERP cloud migration projects, streamline global bank connectivity and format transformation projects.

“Kyriba simplified bank connectivity and centralized payments processes during a significant treasury and finance transformation project,” said Senior Treasury Analyst at Amway, Janice Minter. “With hundreds of banks, and nearly a million payments per month, Kyriba streamlined our treasury operations, helped us reduce risk by 10x and eliminated more than half of our payments banks, making the team more efficient and effective to support the enterprise.”

 “CIOs are challenged with finding ways to accelerate ERP projects and reduce payments transformation costs against a larger backdrop of increasing payments fraud and keeping up with market innovations, such as real-time payments,” said Chairman and CEO at Kyriba, Jean-Luc Robert. “CFOs, in partnership with the C-Suite and their Boards, are demanding payments efficiencies.”

New research shows 88 per cent of CFOs reported that their organizations were the victims of sophisticated payments fraud schemes.

“Corporate CIOs and CFOs are scrambling to build greater resilience to payments fraud as they migrate their ERP platforms to the cloud,” said Senior Strategist at Kyriba, Bob Stark. “Our clients choose Kyriba to reduce the risk of payments fraud, just as they rely on Kyriba to manage liquidity and currency risk.”

The Kyriba Payments Network is a core pillar of Kyriba’s cloud-based Active Liquidity Network that delivers cash, liquidity, payments, working capital, and risk management to enterprise CFOs.

Kyriba will be showcasing its Payments Network at Kyriba Live Treasury & Finance Summit in Las Vegas, February 24-26.

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