Kyriba Reviews

“Centralized treasury management system”

Pros

Across our Treasury Management System, this handles cash management, foreign exchange, cash accounting, cash forecasting, debt and capital markets and bank account management in a much more centralized and efficient way. Having all foreign exchange trades in one place is a big plus and the bank connectivity along with daily cash positioning works really well. Its links with FX trading platforms and ERP systems add a lot of value through automation and centralization, especially for executing and confirming FX trades, handling settlement and pushing accounting entries into the ERP. Even though implementations can come with their share of challenges, I was happy with the overall setup.

Cons

Bank account management and the dynamic reporting still feel a little underdeveloped. It would be a major enhancement if the system could pull bank signer information directly from banks, since I'm not aware of that being possible now, or if it supported filing FinCEN reporting through the platform. Additional connectivity or tighter integration across different platforms would also make it better.

“simple guided treasury platform”

Pros

Right away, the biggest plus was how simple it was to use, especially with the helpful guidance built in and the way support reaches out. Anytime we need assistance, our support contacts are available quickly as soon as we send an inquiry. The initial setup was also very easy which was a huge advantage for our team.

Cons

Admin approval process is a drawback.

“User friendly payment management”

Pros

Moving over from Oracle has been really helpful when it comes to managing payments and the financial transaction features handle monthly payments tied to long-term debt very well. The app also has a nice look to it and its usability is easily one of the best parts.

Cons

One issue I'd mention is that the cash position worksheet has experienced duplication problems and still seems to need ongoing fixes.

“centralized financial data”

Pros

Having everything pulled together in one place has been really helpful. It stores all of my information, including bank fees and statements so I always know where to go to find the data I need.

Cons

Biggest frustration has been with integrations. At times, files will fail even when we're following the exact same process we've used for a long time and nothing has changed.

“Efficient treasury payment”

Pros

Our day-to-day treasury work has been pretty easy, especially the modules we rely on most. The payment manager has been a useful option for handling payments outside our ERP and the detailed cash activity information also makes investigations and research much easier.

Cons

There's still a problem with the debt module, when debt matures on the last day of the month, it continues to appear as outstanding. That issue hasn't been fixed yet.

“powerful cash visibility but steep learning curve”

Pros

Having real-time cash positioning in one place has been a big advantage. It gives me a clear view of balances across multiple banks and accounts from a single dashboard which cuts out a lot of manual work. The forecasting templates are also helpful once everything is configured properly. After the initial setup is in place, the bank connectivity is reliable and the data comes in automatically with very little ongoing maintenance.

Cons

Getting started can take quite a while because the onboarding and implementation process is fairly long and complicated. It takes a lot of effort before everything is fully up and running. Another thing that bothers me is that transactions are reported in absolute values.

“all-in-one treasury powerhouse”

Pros

Our treasury work brought into one integrated platform has made a huge difference. Before this, my daily routine meant jumping across several banking portals, dealing with repeated logins and verifications and constantly switching systems just to pull information or send payments. Now those tasks are handled in one place, from wire creation and cash forecasting to cash balance reporting and financial transaction reporting. The platform feels very simple and is clearly built with treasury teams in mind. It cuts down on extra steps, simplifies workflows and has made the whole process much more efficient. I also appreciate that it keeps improving over time, with regular updates and new functionality being added. The newer AI capabilities are especially exciting and I can see a lot of potential for how they will strengthen treasury operations moving forward.

Cons

Even though the platform is very strong overall, getting it implemented can be a bit demanding. The level of effort and the timeline really depend on things like the size of the company, how complex the workflows are and how many financial products are involved. To get through implementation successfully, it usually helps to have a knowledgeable consulting team supporting the process. With that kind of guidance, the transition becomes much more manageable but without it, onboarding can feel pretty resource-heavy. Once everything is up and running, though, it delivers a lot of value to the team.

“Perfect for global treasury”

Pros

Handling global treasury with this platform has been a big win. Its massive global payments library is one of the biggest advantages and the API connectors are strong enough to make bank and ERP integrations much less frustrating than the old-school approach. The interface feels modern and easy to move around in and the team's focus on AI innovation makes it feel like the product is staying ahead rather than catching up.

Cons

Depth of the platform also means getting started can be pretty demanding. The setup process and learning curve are fairly steep and it takes a real time commitment to get past the basics and make full use of the more advanced treasury modules. Even though the front end is simple, the backend configuration needs a lot of accuracy and attention to detail to make everything function properly.

“centralized treasury visibility”

Pros

Having one place to see and manage our treasury activity has been a big advantage. All global bank balances, payments, daily transactions, bank account management and debt and investments sit in a single platform which has cut down heavily on juggling spreadsheets, shared drives and separate bank portals. It addresses the problem of fragmented cash visibility across different banks, accounts and global subsidiaries by bringing all reporting together in one system. That congreatation removes a lot of inefficiency and gives real-time visibility which is extremely helpful for cash positioning and liquidity decisions. On the control side, the structured workflows, approval hierarchies and segregation of duties add a level of discipline that I really value.

Cons

Certain workflows and configuration areas can still feel complicated and often need specialized knowledge to manage properly which creates more reliance on administrators or outside support. More flexibility and a simpler setup experience in some parts of the platform would make it more user-friendly.

“innovative treasury workflows”

Pros

One thing that really stands out is the innovative toolset for treasury cash management. It cuts down on manual tasks, improves accuracy and helps our team work much more efficiently. The ERP integration is convenient as well, automatically providing the key data our accounting and treasury teams need which makes daily operations quicker, simpler and far more effective.

Cons

Running reports could definitely be more simple. To really make the most of the reporting features, you need a great understanding of the basics, since the reports do not always show exactly the data you expect and often need some adjustments.

“treasury functions all in one”

Pros

Coming at this from an operating model transformation angle rather than as a Treasury SME, the biggest advantage I've seen is how well it pulls all the core Treasury activities into a single platform, cash management, forecasting, payments, risk management and more. That removes the need for extra tools or heavy spreadsheet dependence which makes processes simpler and cuts down on inefficiency. When it's implemented the right way, teams can spend more time on strategy instead of getting stuck in the mechanics and that leads to real operational improvement.

Cons

A major drawback is the steep learning curve that comes with configuring the different modules. The platform is powerful and very flexible but the setup can get extremely technical and complicated, especially when you're trying to activate standard functionality. In many cases, that means needing quite a bit of outside help from consultants.

“centralized cash visibility”

Pros

Since adopting it back in 2016, our team has had a very positive and successful experience overall. The implementation definitely took time but after a few years of using it, the platform became a core piece of our global cash management strategy. We really appreciate the strong, centralized view of cash across multiple regions and accounts, along with the simpler file integration with outside bank and FX platforms and then internally with our ERP system. On top of that, we've been able to build out processes through the payment platform for domestic wires, bank fee analysis and dynamic forecasting.

Cons

One area that feels unnecessarily complex is the bank account management module. For instance, when removing a signer, I'd rather be able to delete that person once and have all of their authorities automatically removed as well and the same kind of issue exists in the administration module. Also, if you want someone from the database to appear on the FBAR report, you currently have to manually edit each signer authority one by one.

“Powerful treasury value ahead”

Pros

Even while we're still in the implementation stage, the platform is already showing clear value through its strong treasury and cash management capabilities. It brings together a wide range of tools in one centralized system which should make cash, liquidity and banking activity much more visible once everything is fully live. We also like that the solution can scale with us and offers the kind of deep functionality we'll be able to use as our needs grow.

Cons

Since we're a new client still going through implementation, the toughest part has been how complex the setup process can be. There's definitely a learning curve, especially when it comes to configuration and integrations and some parts need fairly detailed guidance before they really make sense. We expect that to get better as implementation wraps up and we become more comfortable with the platform.

“strong integrations all around”

Pros

The connectivity across modules and with third-party tools works really well.

Cons

The pricing setup isn't very transparent when it comes to the three modules and the number of users.

“quick payment lookup convenience”

Pros

Right from the start, the interface feels very user-friendly and simple to navigate. I can get all the information I need in just a few clicks which is especially handy when someone asks me to verify a payment or deposit. It makes checking things up fast and convenient.

Cons

Haven't noticed any drawbacks.

“strong treasury visibility”

Pros

One of the biggest benefits has been the Cash Accounting and Financial Accounting modules, especially for the level of treasury visibility they provide. They also support structured journal entry postings straight into SAP which is a major plus. We're only at the beginning of using the platform more broadly and there's still plenty of room to roll it out further across the business.

Cons

Getting automated journal entries configured in the Cash Accounting and Financial Accounting modules is not something you pick up quickly. The setup has a pretty steep learning curve and takes a real time investment to understand how the configuration works. On top of that, the processes have to be connected correctly to make sure journal entries are created accurately.

“Simple system and banking sync”

Pros

One thing that really works well is how it connects with our existing systems so information moves through without interruptions. The banking integration has also been very valuable, since it pulls in the data we rely on for making decisions.

Cons

I don't have any complaints.

“all-in-one cash management”

Pros

Having everything centralized in one system has been a big advantage, since it lets us manage our entire cash portfolio without jumping between tools. The automated journal entries save a lot of time and I also value the ability to investigate bank transactions and run searches using different filters and search methods.

Cons

Intercompany loan management was a weak spot for us because the setup seems built around simple one-to-one loans, while our process involves multiple legs and legal entities. It wasn't able to handle that level of complexity or calculate the tax portions for each leg properly. On top of that, the initial implementation was pretty tough and we had to bring in a third-party consulting firm to get it set up.

“Convenient workflows and reliable integration”

Pros

Switching over to this has been a really positive change because it works reliably and feels very simple to use. The auto-coding feature is especially helpful since it speeds up our weekly reconciliation across different transaction types. It also connects well with our FX hedging platform which allows FX trades to flow through automatically so payments to counterparties happen without issues. Across the team, people have said the move was well worth it because the system performs exactly as needed.

Cons

One area we have not really taken advantage of is the cash forecasting system, mainly because our current manual process already feels clear and easy to us. That is probably something we could spend more time exploring or learning how to use better in the future.

“centralized cash visibility boost”

Pros

From a treasury operations standpoint, this has been a powerful and full-featured Treasury Management System for our key activities, including payments, cash positioning, forecasting and investment management. Once the setup is complete and the system is configured correctly, it really serves as the main source of record for liquidity tracking and treasury decision-making. One of the biggest benefits is the centralized visibility it gives us across multiple banks and accounts. We can see prior-day and intraday balances along with forecasted cash flows which helps us make more accurate decisions around things like cash concentration and investing. The user experience has also been a positive overall. The feature I value most is the bulk ACH upload. Before we had it, ACH payments and control totals had to be entered one by one through the bank portal. Now we can upload them using a template, approve one total with the detailed backup attached and enter just a single control total at the bank. Being able to process up to 100 ACH payments in one batch has made this workflow far more efficient.

Cons

One downside with the new UI is that pending payments no longer appear on the home screen. Since we have multiple approvers handling different transaction types, that was something we depended on as a quick reference.