Travelex and Kyriba Partner to Simplify Global Payments and Cash Management
Travelex Global Business Payments, a provider of international payments and foreign exchange (FX) solutions, and Kyriba, a software-as-a-service (SaaS) cash and treasury management solutions firm, have partnered to simplify the execution of domestic and international payments worldwide. The joint solution will enable a straight-through process (STP) for global payments from one portal and afford enterprise-wide visibility of cash flows and forecasts across all currencies. The alliance expands the services available to corporate treasuries around the globe by offering improved currency exchange choices and providing an alternative for the execution of payments directly available through a treasury management system.
“Our partnership with Kyriba equips our joint customers, many of whom use multiple banks and deal with a number of different currencies, with full transparency into their transactions and balances with the ability to settle payments quickly anywhere in the world,” said Adam Tiberi, senior vice president of global product management, Travelex. “Today’s global economy demands faster and improved money transfer tools to efficiently manage cash and liquidity. The Travelex/Kyriba partnership makes this a reality.”