Monday, October 05, 2009
Session: Kyriba demonstrates their ASP-based cash management operation.

Live blogging the Association of Finance Professionals in SF, CA

The name of this blog is Practical Turnaround Thinking and it’s written for 21st century management teams who want to use the tools of the turnaround manager to stay ahead of the curve.

We continually exhort CFOs and management teams to improve their cash forecasting capabilities. Kyriba enables you to do just that – without the barriers that have prevented small- to mid-market companies from using these essential technologies.

  • Companies access Kyriba’s On-Demand Cash Management suite with just an internet connection and a browser.
  • There is no upfront capital expenditure – users pay a monthly license that starts in the “low hundreds”, with no minimum.
     

Kyriba was founded in 2000, with headquarters in San Diego and Paris, and additional offices in New York, Milan, and Rio de Janeiro. Kyriba serves a global client base and focus on just one product -- the ASP solution.

Kyriba’s solution automates a small- to mid-market company’s standard daily cash management routine:

  • collect bank reports
  • formulate a consolidated daily cash position
  • reconcile bank actuals
  • process journal entries
  • manage various payment types
  • audit / regulatory compliance
     

Do away with “management by spreadsheet”. Kyriba connects directly to your banks for reporting (prior + intraday) and for payments (Fed Wire, ACH, Direct Debit, Drafts). Alarms go off if your bank fails to transmit timely data.

From the Kyriba website, www.kyriba.com:

“The end result is a cash management operation with full automation enabling Straight-Through Processing for all manual tasks thereby freeing up resources to be more analytical and strategically focused.” (emphasis added)

Kyriba is a comprehensive and cost-effective solution to a critical 21st century management need.

Putting it to work in your company is Practical Turnaround Thinking.