Kyriba Reviews

“centralized visibility that helps”

Pros

Seeing all of our financial information together in one place instead of tracking everything manually has already been a significant improvement for our team. Since we're still in the implementation stage, it's a little early to fully evaluate every feature and service but our impressions so far, along with feedback from others in our professional network, have been very positive.

Cons

Since we're still in the implementation phase, I'd strongly suggest bringing in a consultant if this is your first TMS rollout.

“reliable processing and excel reporting”

Pros

Processing has been very reliable for us and delays almost never happen. The menu mapping has helped us align our workflows quite a bit and the Excel reporting is something we really value because it lets us pull together data from multiple sources into one template. It's also nice to see the product keep adding new capabilities that benefit Treasury.

Cons

One challenge for our team is the support model only allowing 3 contacts. That can feel limiting, although at the same time we don't really have enough need to justify paying more for the extra access.

“best cash visibility”

Pros

After spending quite a bit of time with this TMS, one of the biggest benefits has been how much simpler it makes treasury work. Being able to filter through large volumes of data so quickly has been a real game changer. It cuts down a lot of time and helps me get to exactly what I need without digging around. Another major advantage is the way it manages multiple bank accounts. Rather than signing into each bank one by one, I can see everything from one central place. That single view makes cash tracking and overall financial management much more efficient.

Cons

Feature I don't care for with this TMS is the 2,000-transaction limit in the transaction view, since that can cause certain reports to fail.

“one place for balances and loans”

Pros

Having everything for deposit balances and loans in one place is a big plus, since it removes the hassle of signing in to multiple bank portals and managing loans in spreadsheets. It's also clear they pay attention to customer feedback and make improvements people actually ask for.

Cons

The platform isn't very simple so it's worth planning on using a consultant or paying for training to get the most out of it.

“Multi-bank automation that saves time”

Pros

Working with this has made it much easier to handle transactions across multiple banks, investment portfolios and accounting software which cuts down on time, mistakes and the amount of manual effort needed. The mapping feature is also really helpful because it automatically creates many transactions, helping reduce human error even more.

Cons

One downside is that any changes or customizations we need usually have to be done by outside contractors and that gets expensive fast when the budget is already tight.

“custom reports and mobile approvals”

Pros

One of the biggest advantages for us has been the ability to build custom reports from Payment Module data which helps a lot when putting together our board report. Our payment approvers also really value being able to use the mobile app to review and approve payments conveniently.

Cons

There are still a few system quirks we've run into. In the Bank Account Module (BAM), when a new account is added under Core Data - Accounts, it doesn't automatically flow into the Bank Account module. We've also seen an issue in the Payment Module with attachments, if someone hits the back arrow instead of using Menu - Close while adding an attachment to a payment, the payment disappears and has to be entered again.

“all balances in one place”

Pros

Having all of our balances and activity pulled into a single platform, while also being able to handle payments there, has been really valuable for us. The customer support team has been excellent and it's something we rely on every day.

Cons

A couple of drawbacks are that the platform could be more user-friendly and the coverage for Caribbean banks is still limited.

“global liquidity in one place”

Pros

Having access to global liquidity through a single platform is a big advantage and makes the whole process much more efficient.

Cons

Getting the initial connections set up with financial institutions can be complicated and takes quite a bit of time.

“a big step up”

Pros

After managing bank accounts in spreadsheets for so long, switching to this has been a huge upgrade. We are still rolling out some of the modules but we're already benefiting from the functionality that's in place and are excited about the added efficiencies it should bring as we continue implementation.

Cons

Since we're still in the process of implementing a few of the modules, it's a little early to fully judge the downsides. The system is definitely complex but that seems expected given that it's designed for businesses with more complicated banking structures.

“Treasury workflow boost”

Pros

Having everything centralized in the Bank Acct management platform, along with how simple it is to use, has made the Treasury department much more efficient.

Cons

It would be better if the core databases were linked, especially the Bank table and Account tables so reporting could improve and manual updates could be reduced.

“multi-account visibility is fantastic”

Pros

Keeping track of multiple accounts in one system has been a huge advantage. It makes handling I/C and third-party payments feel fast and efficient.

Cons

There really isn't anything I dislike but it would be useful if the development team added dual admin pop-up alerts under shortcuts.

“Treasury control hub”

Pros

Every day, my team logs into it and it's become the single source of truth for our Treasury organization. It has helped our company stay more agile and less dependent on any one bank counterparty.

Cons

The UI isn't as polished or as user-friendly as the larger bank portals.

“innovative coverage across treasury needs”

Pros

From cash management to capital markets, FX and reporting, it covers most of what we need. It stays ahead of industry trends and keeps innovating which makes it a strong option. I'd definitely recommend it.

Cons

A few important items are still missing from the audit trail tracking and the design could be improved as well.

“flexible cash reporting features”

Pros

One thing that really works well is the cash reporting. It's very user-friendly and I appreciate how customizable it is. You can build reports once and have them sent automatically to users on a schedule which saves a lot of time. I also like that the reports are delivered in Excel so they can easily be reused for other reporting needs.

Cons

Biggest frustration is how long it takes to establish connectivity with each bank, especially across EMEA. The process could be much better supported so banks can be set up faster.

“treasury visibility all in one”

Pros

This has been a real game changer for our Treasury team. Having one platform to view all our global balances in a single place has made a huge difference. We also use it to handle all payments, manage cash forecasting and keep track of investments and debt instruments. One of my favorite parts is the customizable dashboards at login. They help me spot time-sensitive items right away, like payment failures, returned payments, overdrafted accounts, confirmed forecasts still outstanding and forecasts missing budget codes.

Cons

Built-in reports feel a little awkward and buggy to use. If you happen to have a Ph.D. in BI, you can buy their BI tools and build your own reports but that is not really the approach I would prefer. I'd rather have access to a data warehouse so I can customize reports in the exact format and view that works best for me.

“Custom reports and global cash visibility”

Pros

Being able to view global cash and create custom reports tailored to our company's needs has been the biggest benefit for us.

Cons

One thing I don't like is that, from the payment side, the approval dashboard doesn't show whether a payment is a template or a freeform entry.

“instant global cash visibility”

Pros

We can see our global cash positions across multiple institutions instantly which has been incredibly useful.

Cons

It's tough to call out any major issue. The system isn't perfect but there always seems to be a workaround and the support team has been outstanding.

“innovative cash management leader”

Pros

From a cash management standpoint, this is a very comprehensive liquidity management platform that keeps pushing the standard higher year after year. It stands out for its strong functionality, broad connectivity with multiple ERPs and other systems and its adoption of newer technologies such as APIs, AI and more. Support is also quick and helpful and it's easy to get in touch with the team by email or phone. On top of that, they genuinely pay attention to customer feedback and keep improving the product and services.

Cons

One limitation is that even small configuration changes still need help from the product team and usually have to be handled as a project. We'd really like to see the platform become much more self-service over the coming years.

“Powerful treasury management platform”

Pros

Right from the start, it TMS feels like a highly powerful treasury management system with a wide range of features. Its comprehensive functionality helps align financial processes and boosts overall efficiency. It gives users the confidence to manage cash, liquidity and risk effectively in one place.

Cons

I really haven't seen any major downside to using it. If anything could be improved, providing more technical training for users would probably make the experience even better.

“flexible fit for our team”

Pros

It's very dynamic and adjusts well to the specific needs of your company.

Cons

At times it isn't the most user-friendly and some tasks take 2-3 steps to complete.