My Kyriba Review
February 12, 2018

My Kyriba Review

Andrew Kleptach | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Kyriba

Kyriba is used as a previous day accounting tracking software. It generates and posts journal entries from prior day bank statements, about 10,000 entries per month. It is also used as an account reconciliation tool for accounting. It also provides forecasting detail for treasury and numerous month end reporting reports. It addresses a lot of business problems from the easy to use data for multiple business units.

Pros

  • It tracks prior day reporting well.
  • It generates numerous journal entries daily.
  • It is a great tool for month end reports.

Cons

  • It is not a robust forecast tool. Too many factors in forecasting to be super helpful. But I have not found a software package that can do it better than Excel.
  • Multilayered companies can find it hard to position daily cash. The biggest constraint is timing from the banks. Kyriba could do it except bank files are not timely enough to provide value.
  • Better reporting. It has nice reporting features but needs to integrate those features more withing their program.
  • It has a positive impact because we are able to use Kyriba more than just a treasury workstation. We use it for many groups within our organization.
  • It has decreased FTEs as we are able to use daily and monthly reporting to enhance multiple business units.
  • It has added a good deal of value for the data it can produce. Using this data with other tools has produced some very good output.
  • IT2, treasura and wall street
Kyriba is just a good as the other products available. It is easy to use and understand. However, they need to enhance their offering to show value above and beyond the other workstations. Since, we are a domestic company, Kyriba works well. If we had more advanced scenarios, it would have been a much harder analysis.
It is a very good treasury workstation. It does all the basics very well. I am not sure how well it would do in a cash pooling situation or more advanced treasury situations. It still needs to be advanced in some of the basic modules it offers. Excel is still a better option than some of the modules.

Comments

  • Erik Bratt | TrustRadius Reviewer
    Andrew, thank you for your positive rating and feedback. We are grateful to have you as a client. Re: forecasting, we have many clients who say they get great value from our forecasting capabilities, which will get a further boost from our business intelligence tool in terms of reporting and visualization. Stayed tuned and thank you again. Erik

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