Higher education organizations generally deal with revenue collection only a few times a year, making forecasting an integral part of treasury’s job in order to ensure that cash can last throughout the year. Additionally, a large number of suppliers - and changes to those suppliers as it relates to construction projects - creates an additional risk for payments fraud. To help combat these issues, Kyriba provides:
Over 2,000 Organizations Globally Trust Kyriba
Associate Director, Global Treasury Operations, Columbia University
Average Quantitative Results
Boosting Efficiency & Reducing Operational Risk
An iconic, private university in the Northeast had to rethink its treasury approach to avoid key person risk and rid the team’s reliance on spreadsheets.
Learn how the university’s treasury team was able to achieve a 5x reduction in operational risk, increase treasury productivity and save $65k in annual bank fees.
LARGE PRIVATE UNIVERSITY
FACT SHEETCash & Liquidity Management
Answering fundamental questions about the organization’s cash position, such as location, currency and liquidity position, can be a seemingly monumental task. Kyriba provides that visibilitity...
FACT SHEETPayments Fraud Detection
Payments fraud is now at an all-time high with 74 percent of organizations reporting they have been the target of attempted or actual fraud, according to the latest data from the Association of Financial Professionals. CFOs and treasurers clearly require a more complete set of payments controls to stop fraud altogether.
CASE STUDYTech Validate: Educational Institution
Challenges they faced that caused their organization to buy Kyriba: 1. Inefficient manual processes that wasted time and resources 2.Inability to get timely and accurate global cash forecasts 3.Lack of visibility into global bank account management fees.