7 HaPelech Street, Tel Aviv, Israel

Payment Management

Kyriba is a SWIFT Certified Application providing a global connectivity service bureau offering global, multi-bank payment solutions supporting supplier and treasury payments.

Kyriba offers payments for:

1) Treasury Management – wires and ACH, cash concentration, drafts, direct-debit

2) ERP – supplier payments, payment factory and shared services (POBO/payments on behalf of)

Treasury payments

Treasury is often responsible for urgent wires, transaction settlements, and managing cash concentration. Whatever your payment responsibilities, Kyriba can provide more security and better control by connecting directly to the bank, instead of the inefficiency and risk of fraud by using spreadsheets and bank portals.

Kyriba supports custom payment workflows for initiation, approval, document storage, transmission, and acknowledgement of payments.

Payments can be initiated as one-time entries, via templates, or imported from internal systems. All payments are approved, including the application of digital signatures for both internal
approvals and external authentication.

Payments are fully integrated with other modules (e.g. debt, investment, FX, netting) as well as the cash forecast and accounting center.

Supplier (ERP) payments

Kyriba offers complete ERP-to-bank connectivity, including format transformation, approval workflows, and automated connectivity for transmission and acknowledgements.

Key features include:

Blind routing – payment files are pre-approved and pre-formatted from the ERP. Kyriba sends files directly via the appropriate bank channel
Intelligent routing – Kyriba formats the file to route to the appropriate bank, determines the best connectivity channel to meet each bank’s format requirements, offers additional approvals, and can apply digital signatures such as SWIFT 3SKey
Format Transformation – every bank requires unique formats by type of payment and destination country and these formats different from bank to bank. Kyriba maintains an expansive inventory of formats to automatically encode the necessary formats for each payment scenario, per bank and geography
Connectivity – Kyriba supports multiple connectivity channels including SWIFTNet, Host-to-Host, and regional protocols such as EBICS, Editran, and Zengin. We will find you the best choice(s) to maximize automation and minimize costs

Payments modules

Payments
Payment Factory
Direct Debit
SEPA Mandates
Draft Payables/Receivables
Digital Signatures

 

Cover Image "Kyriba Modules Overview_Fact Sheet"