SAN DIEGO--(BUSINESS WIRE)--Kyriba (“the Company”), a global leader of cloud-based finance and liquidity solutions, announced today it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment (Doc #US45741820, July 2023) and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Treasury and Risk Management Applications 2023 Vendor Assessment (Doc #US45741720, July 2023). The IDC MarketScape study provides a comprehensive analysis of the treasury management software providers in the market, how liquidity and cash management features are driving innovation at scale, and what to focus on after implementing and partnering with a world class solution.
“We believe the recognition by one of the biggest technology analyst firms in the world cements our early and enduring commitment to solving diverse pain points for CFOs and Treasurers,” said Bob Stark, Global Head of Market Strategy at Kyriba. “The Office of the CFO expects innovation and agility and Kyriba has demonstrated a vision and strategy supported by AI, APIs and analytics that will empower finance teams for years.”
Kyriba, which supports more than 2,500 clients worldwide and was previously named as a “Leader” in the IDC MarketScape Worldwide SaaS and Cloud-Enabled Treasury and Risk Management Applications 2017–2018 Vendor Assessment (DOC # US43293517, December 2017), is regarded for its secure, scalable SaaS platform for CFOs and their teams to maximize growth, protect against loss from fraud and financial risk, and reduce operational costs.
“CFOs require strong technology partners with proven data strategies in order to accurately manage and optimize cash, liquidity and financial risk in this challenging economy,” said Kevin M. Permenter, senior research analyst, Enterprise Applications and Digital Commerce at IDC. “Companies named a Leader in the 2023 IDC MarketScape demonstrated an abundance of vision and capabilities helping to increase the resilience of enterprise and midmarket companies against internal and external risks while giving them the tools and data to maximize cash visibility and actionability.”
View the IDC MarketScape excerpt here, which includes Kyriba’s vendor profile.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Kyriba Corp.
Kyriba empowers CFOs, Treasurers and their IT counterparts to transform liquidity as a dynamic, real-time vehicle for growth and value creation. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth, protect against loss from fraud and financial risk and reduce operational costs. For more than 2,500 clients worldwide, including 25% of Fortune 500 and Euro Stoxx 50 companies, Kyriba manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually. Kyriba is headquartered in San Diego, with offices globally.
