Kyriba Launches Payments Network for Global CFOs

Kyriba, the international leader in cloud treasury and finance solutions, has launched the Kyriba Payments Network to address the developing CFO mandate to fight payments fraud, centralize payments, and unlock organizational efficiency.

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

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

For more information about Amways Journey to Transforming and Centralizing Global Payments, download the case study.

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

New research suggests 88% of CFOs reported that their organizations have been the victims of sophisticated payments fraud schemes.

Corporate CIOs and CFOs are scrambling to construct greater resilience to payments fraud as they migrate their ERP platforms to the cloud," stated Bob Stark, Senior Strategist at Kyriba. Our customers select Kyriba to minimize the risk of payments fraud, just as they depend on Kyriba to manage liquidity and currency risk.

The Kyriba Payments Network is a core pillar of Kyribas 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.