Kyriba Launches Supply Chain Finance Solution

Multi-bank portal connects buyers, sellers and financial partners

San Diego—Feb. 22, 2012—Kyriba Corp., provider of cloud-based treasury management solutions, launched its supply chain finance technology platform. Integrated with its treasury management system, the supply chain finance solution is a scalable, multi-bank portal that connects buyers, suppliers and financial partners on a single platform to facilitate the early payment of invoices to suppliers.  

“It’s no secret that the financial health of an organization’s supply chain is a strategic concern for CFOs and treasurers,” explained Edi Poloniato, Senior Vice President, Strategy and Corporate Development at Kyriba. “While many organizations have established supply chain finance programs, many do not have access to the appropriate technology to optimize the deployment of these programs. CFOs and treasurers realize that investing in the right technology and partnering with multiple banks is critical to the success of their supply chain finance programs.”

Features of the supply chain finance solution include the scalability for organizations looking to expand their supply chain finance programs; multi-bank platform; ERP integration; real-time visibility for all invoices and payments; straight through processing; and an improved working capital for buyers and suppliers.

“By adding supply chain finance to our treasury solution, Kyriba provides a platform that enables CFOs and treasurers to have the visibility and productivity they require to efficiently manage their supply chain finance programs on a global basis,” Poloniato concluded.