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Kyriba opens UK office and launches Supply Chain Finance Module

Kyriba, a supplier of fully web-based cloud based corporate treasury automation solutions, opened a London office in early 2012. Kyriba has developed a wide range of treasury automation modules since they were founded in 2000, see Figure.

Kyriba Cloud Based Treasury Automation Modules

Source & Copyright©2012: Kyriba Inc.

Kyriba began their world-wide roll-out of their Payables Financing Module (also known as Reverse Factoring) in January 2012. This provides a scalable, multi-bank portal that connects Buyers, Suppliers, and Banks on one platform to support the 'before the scheduled time' payment of invoices to a company's suppliers. The module provides visibility to invoices that the Buyer approves for payment, enabling suppliers to opt for early payment of the approved invoices – at a favorable discount compared to financing they could receive on their own. Pre-arranged financing is provided by the banks that participate in the Buyer's supply chain programme. As a multi-bank portal, Kyriba helps alleviate credit exposure and credit limit issues that can constrain a single-bank Supply Chain Finance program.

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