Treasury platform Kyriba on track to surpass $100m revenue
Increasing demand from CFOs has led to revenue growth for cloud-based treasury and risk management platform Kyriba.
Increasing demand from CFOs has led to revenue growth for cloud-based treasury and risk management platform Kyriba.
Over the past three years, treasury management software provider Kyriba has acquired 100 enterprise clients and now serves 15% of US Fortune 500 companies. And it is now on track to surpass $100m revenue in 2018 with 48% first-half bookings growth.
“Continuing to manage the critical operations of the finance and treasury department through antiquated technologies such as spreadsheets or on-premise software is no longer viable in today’s complex, fast-paced global markets,” said Kyriba CEO Jean-Luc Robert.
Robert also attributes the company’s growth to an increase in demand from CFOs for a centralized platform that is both secure and compliant.
Real-time insight and fraud protection enhancements are another few of the argued benefits that have contributed to the success of the platform.
The company offers cash and risk management software alongside payment and supply chain finance systems. Kyriba also aims to streamline key processes while protecting against fraud and cybercrime.
Other highlights this year for Kyriba include industry recognition from technology firm IDC, a strategic partnership with BlackRock and its partner-led implementation model. That implementation model has allowed the company to complete more than 200 full and partial implementations, contributing to its fast growth this year.
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