Kyriba, a leading provider of cloud-based treasury management solutions, and CGI have announced the integration of CGI’s market leading trade solution, CGI Trade360®,  into the Kyriba Enterprise platform. The alliance, announced at last month’s SIBOS conference, is, Kyriba said, the first phase of increased cooperation between the two companies.

Kyriba is using CGI’s global trade solutions to extend its treasury and risk management platform. With the integration of CGI Trade360, Kyriba will offer a multi-bank trade finance solution to manage the issuance and tracking of bank guarantees as well as standby, import, and export letters of credit. The newly integrated solution will also be iterated with Kyriba’s connectivity hub for multi-bank SWIFT connectivity.

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The convergence of cash management and trade finance has been happening for years. Cloud based services are much easier to integrate then stand-alone solutions. Incorporating CGI’s market-proven trade finance capabilities with Kyriba’s cash management solution will also help clients improve their cash forecasting and facility management. 

This is the future of treasury management systems: the bringing together of modules from best-of-breed solutions into a single integrated solution.