Kyriba Strengths, Domain Expertise, and Key Differentiators
Kyriba offers the first open platform for Enterprise-wide Liquidity Management as a new horizon extending far beyond treasury management, unifying all cash & liquidity information and workflows from across the organization and external liquidity ecosystems into a fully integrated liquidity-centric “cockpit”. Leveraging the most comprehensive connectivity hub between corporate customer ERPs and banks around the globe, the Kyriba platform integrates best-in-class product lines (Treasury Management, Risk Management, Payment Factory, and Working Capital Finance solutions) all set into a single interface and data model. With the Kyriba platform, Finance leaders, for the first time, have a technology that enables 1. comprehensive near real-time view of all cash and liquidity intelligence; 2. AI powered data driven decision support based on predictive analytics rather than historical insights and 3. Seamless actionability through a best of suite platform and its fully integrated liquidity ecosystem .
Kyriba Recent Developments
In October 2021, Kyriba launched new Kyriba Working Capital Solutions as part of its bold effort to close the reported $3.4 trillion trade financing gap and help corporate buyers support all suppliers, especially at-risk SME suppliers.
In September 2021, Kyriba launched its Open API Platform to enable composable technology solutions for CFOs, CIOs, and Treasurers, and to accelerate the next generation of finance innovation. Kyriba’s Open API Platform streamlines the creation and connectivity of new applications for the company’s trusted network, which connects 1,000 banks, manages over a million bank accounts, and processes over 200 million payments worth 15 trillion USD annually.
In June 2022, Kyriba launched Kyriba’s FX with correlated value at risk (VaR) analysis to provide corporate Treasurers and FX Risk Managers with more precise, deeper-level analytics to optimize hedging programs and continuously hit portfolio VaR targets in the most cost-effective way.
In June 2021, Societe Generale has announced a strategic partnership with cloud-based IT solutions provider Kyriba, to roll out a new treasury management solution.
According to the announcement, the new service will offer fraud management functionality and payment automation for the bank’s corporate clients.
In February 2020, Kyriba launched Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud. The new payments network provides corporations with real-time fraud detection and access to machine learning-driven payments anomalies detection, as well as the ability to dramatically accelerate corporate ERP cloud migration projects, streamline global bank connectivity and format transformation projects.
Kyriba has launched a real-time payments service through JP Morgan's application programming interface. The new service will enable clients of both entities to send real-time payments in the US through The Clearing House's (TCH) RTP network.
Kyriba Mergers and Acquisitions (M&A) Activities
In April 2019, Kyriba acquired FiREapps to manage global foreign exchange risk, enabling finance chiefs to mitigate the impact of currency fluctuations on earnings per share. The integration of FiREapps's capabilities into its enterprise platform enables all treasury and risk decision making to be delivered in a single solution.
Kyriba Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Kyriba applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Kyriba and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Kyriba Enterprise, customers.
Kyriba Overview
Ownership: - BridgePoint, Iris Capital, Daher Capital
Number of Employees: 910
Functional Markets: TRM, PaaS,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K275, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Kyriba Key Enterprise and Cloud Applications
Kyriba Enterprise,
Kyriba Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Kyriba Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Kyriba Enterprise Applications Revenues By Functional Markets, $M:
Kyriba Enterprise Applications Revenues By Verticals, $M:
Kyriba Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Kyriba Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Kyriba Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Kyriba Customers
No. of Kyriba Customers: 2300
No. of Kyriba Enterprise Applications Customers: 2300
No. of Kyriba Cloud Customers: 2300
No. of Kyriba Cloud Subscribers: 65000
More than 2300 clients are trusting the Kyriba liquidity solutions worldwide and accross all verticals.
Among its other customers are Adecco, Galderma, Novartis International AG, SITA, Colas, Amway, AOL, Atlas Air Worldwide Holdings, Inc., Avis Budget Group, Beazer Homes, Booz Allen Hamilton, Career Builder, Cunningham Lindsey, Cymer, David's Bridal, DDR Corp, Digital Realty Trust, DRS Technologies, Ecolab, Electronic Arts, EmblemHealth , Erickson Living, Expedia, Kate Spade, Five Star Senior Living, Genband, General Mills (ex Yoplait), GlatFelter, Glimcher Realty Trust, Global Payments, Granite Construction Company, Groupon, Hallmark Health, Horizon Blue Cross Blue Shield of New Jersey, Houston International Insurance Group, Imperium Insurance Company (ex Delos Insurance Company), J.M.Huber Corporation, LaSalle Investment Management, McAfee, Inc., Murphy USA, Nalco, Neopost, Nordstrom, Northwestern Memorial HealthCare, OhioHealth, Oil States Intl., OneAmerica, Oxbow Carbon, Parsons Brinckerhoff, Partners Healthcare, Prime Therapeutics, Pulte Homes, Qualcomm, ServiceMaster, St.Jude Medical, Inc., Steelcase International, Superior Energy Services, Symantec Corporation, The New York Times, Time Warner Cable Inc., ZF TRW, United Rentals, WellPoint, WillBros, Wyndham Worldwide, Zachry, and others.
Kyriba Market Opportunities, M&A and Geo Expansions
In April 2022, Kyriba announced that 24 new API connectors are live and fully integrated with Kyriba’s cloud platform, accelerating access to real-time payments, enterprise liquidity management, and optimizing resiliency against global economic disruption.
In March 2019, Bridgepoint, an international private equity group focused on investing in market-leading businesses invested in Kyriba $160M to accelerate innovation and growth of Kyriba's enterprise platform. With the new capital, Kyriba will enhance product development, customer support and expand its ecosystem. It will specifically invest $60M into product innovation over the next two years.
In May 2018, Kyriba increased its investment in Latin American to help CFOs and treasurers modernize key capabilities for cash, risk, payments and working capital optimization. As part of the expansion, Kyriba has named Axel Canale as the new general manager for Latin America, overseeing market expansion for the region. The move into Latin America is part of an aggressive global growth strategy that saw Kyriba's partner ecosystem contribute 40 percent in incremental bookings to Kyriba's product.
Kyriba Risks and Challenges
Over the past few years, Kyriba has nearly doubled its installed base through direct sales and an expanded channel ecosystem. Ramping up customer support, keeping its Cloud systems up and running around the clock with increased infrastructure investment, as well as exerting tight account control in order to avoid revenue leakage will be key priorities for Kyriba as it continues to expand globally perhaps doubling its 2,000-plus installed base in the next year or two.
Kyriba Ecosystem, Partners, Resellers and SI
In April 2022, Kyriba launched a new API connector with ICD, an independent portal provider of money market products, to deliver real-time visibility of cash and short-term investments for CFOs and Treasurers. The API integration enables treasury teams to research, trade, analyze, and report on investments. In August 2021, Kyriba and Openpay Group, a global diversified payments fintech Company, made a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba clients to improve their working capital performance and strengthen customer relationships. In July 2021, Kyriba and BlackLine joined forces to streamline the digitalization of the Office of the CFO and improve collaboration between Finance and Treasury departments. The partnership offers enhanced capabilities for mutual customers through their integrated solutions to accelerate bank connectivity, increasing cash visibility and enabling greater automation within the financial close and accounts receivable processes.
Kyriba Cloud Infrastructure Insights
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- Kyriba Public Cloud and Infrastructure (IaaS)
- Kyriba Platform (PaaS)
- Kyriba Application Delivery
- Kyriba Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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