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News Release

Kyriba powers compliance and financial risk readiness with latest release
Released: 16th July 2013
Publisher: Kyriba

Kyriba, the leader in cloud-based treasury management solutions, has released Kyriba 13.1, bringing comprehensive foreign exchange (FX) and risk management workflow to the company’s SaaS-based treasury platform.

Kyriba 13.1, which is immediately available to all of Kyriba’s global clients, provides a wide range of functionality enhancements to deliver a more robust workflow for companies looking to better manage their risk management workflow. New features within the risk modules of Kyriba include:

  • FX snapshots, to increase the accuracy of FX exposure forecasting
  • Expanded approval workflow for FX exposures, to support advanced segregation of duties
  • Trade matching and confirmations, including generation of MT300 messages
  • Trade capture for commodity transactions, including OTC and exchange-traded futures

In addition to the expanded FX functionality within Kyriba 13.1, the platform enables global organisations to be ready for the impending implementation of eBAM, as well as comply with important upcoming regulations such as the February 2014 launch of SEPA. These enhancements include:

Enhanced workflow for Bank Account Management, to further support centralised control of bank account openings / closings and further preparation for eBAM

Deeper SEPA compliance functionality, with the addition of SEPA Direct Debit (SDD) mandate tracking, including document storage and linking of mandate to payment instruction

“With Kyriba 13.1, we have added a broad range of functionality in response to our clients’ feedback,” said Jean-Luc Robert, chairman and CEO of Kyriba. “Many of our global clients have expressed the need for deeper support of FX workflow as part of their overall financial risk management programme and the new solution has significantly enhanced our capabilities in this area. With the launch of SEPA now just a few months away, we are also offering a number of solutions to enable clients to comply with this upcoming regulation. As with all new versions of the Kyriba platform, our cloud delivery method means that these updates are available to all clients with no additional fees or complex software upgrades.”


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