Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

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February 27, 2012

Supply Chain Finance Solution Introduced by Kyriba



A new Supply Chain Finance technology platform has been unveiled by Kyriba Corporation. This scalable portal, which can connect to several banks, has also been completely incorporated with Kyriba's Treasury Management System. Invoices can now be paid on time as all the buyers, suppliers and financial partners are connected on a single platform.

In a release, Edi Poloniato, Senior Vice President for Strategy and Corporate Development at Kyriba Corporation said, "It's no secret that the financial health of an organization's supply chain is a strategic concern for CFOs and Treasurers. While many organizations have established Supply Chain Finance programs, many do not have access to the appropriate technology to optimize the deployment of these programs. CFOs and Treasurers realize that investing in the right technology and partnering with multiple banks is critical to the success of their Supply Chain Finance Programs."

The multi-bank Supply Chain Finance solution offers instantaneous visibility for all bills and payments. Both buyers and suppliers are offered enhanced working capital by this ERP integrated solution. Organizations who want to extend their Supply Chain Finance programs will find this scalable solution ideal, with its direct through processing.

Mr. Poloniato went on to say that, in the release, "By adding Supply Chain Finance to our treasury solution, Kyriba provides a platform that enables CFOs and Treasurers to have the visibility and productivity they require to efficiently manage their Supply Chain Finance programs on a global basis."

Kyriba Corporation offers integrated cloud-based treasury management solutions. The corporate treasury requirements can be met by Kyriba’s flexible and protected platform.  The total sequence of liquidity, financial instruments and back office management are incorporated by this solution. Companies can now make improved assessments, reduce risks, and optimize control and compliance with Kyriba solutions, thereby enhancing operational efficiency.  




Edited by Chris Freeburn
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