Kyriba Reviews & Product Details

Excellent Payment Factory Platform: Kyriba offers a robust payment factory capability, enabling seamless end-to-end payment processing from ERP systems through Kyriba to the bank. This integration significantly reduces the IT burden associated with maintaining multiple payment formats and banking connectivity, streamlining treasury operations and reducing operational risk.

Effortless Global Cash Management: Managing a global banking footprint is made effortless with Kyriba’s cash management solution. The platform provides a centralized and transparent view of cash positions across multiple banks and currencies, enhancing decision-making and optimizing working capital management at an enterprise scale.

Forward-Looking Product Roadmap: The Kyriba product team consistently keeps the platform aligned with the latest trends and innovations in treasury operations and technology. This forward-thinking approach ensures that the system evolves to meet emerging needs, helping organizations stay ahead in managing liquidity, risk, and payments. Review collected by and hosted on G2.com.

Customer Support Experience: The support service can sometimes feel clunky, often providing incomplete responses that lead to repeated back-and-forth communications before reaching a satisfactory solution. This can slow down issue resolution and affect user experience.

Complex Bank Account Management Module: The bank account management functionality is overly complicated. Tasks such as managing bank account signers and handling bank fees become unnecessarily challenging due to the module’s complexity, which can hinder efficiency in day-to-day operations.

Limited Module Integration: Not all Kyriba modules seamlessly communicate with each other, creating difficulties when trying to aggregate data across the platform. This lack of full integration sometimes makes comprehensive reporting and data analysis more cumbersome than expected. Review collected by and hosted on G2.com.

I find Kyriba to be a powerful and comprehensive Treasury Management System that supports our core treasury activities, including payments, cash positioning, forecasting, and investment activity. Once implemented and properly configured, it becomes a central system of record for liquidity and treasury decision-making. I really like the centralized cash visibility across multiple banks and accounts that Kyriba provides. It enables visibility on prior day and intraday balances, as well as forecasted flows, which supports precision decision-making on activities like cash concentration efforts for investing. The overall user experience is also a positive aspect for me. The feature that I value the most is the bulk ACH upload process. Before implementing this feature, we had to enter individual ACH payments and control totals on our bank portal. Now, we can load them via a template, approve a single total with detailed attachment, and enter one control total at the bank. This ability to handle up to 100 ACH payments in one batch through bulk upload has made the entire process extremely efficient. Review collected by and hosted on G2.com.

We lost pending payments on the home screen with the new UI and with multiple approvers for different transactions, we leaned on that as a quick reference point. Review collected by and hosted on G2.com.

Cash Management Module: Makes daily cash positioning an extremely easy process to do every day. The module makes it very easy to see your cash position at a high level while also being able to dig into individual transaction details, balance by bank/company/currency/etc all from the same menu.

Payments: Prior companies I have used Kyriba at have used the payments module in a greater capacity than my current company but either way, Kyriba does a great job filling in whatever payment needs you have. Whether it's just standard account transfers or basic third party payments, all the way to their Payment Factory solution, it's a great tool.

Core Data Centralization: Whether it is your bank account signatories or all your open bank accounts, Kyriba makes it easy to store all of your core Treasury data in one place. Allows you to add a lot of detail and categories which further allows you to export your core data into a more visual report Review collected by and hosted on G2.com.

Bank Fee Analysis: I haven't had much luck with using the Bank Fee Analysis module. Not the most friendly when it comes to integration of the files along with the reporting capability once you can get the files to integrate

"Regularly" Scheduled Slowness: It seems to never fail that the system gets really slow on specific days like month end. Always seems to be a bigger issue when month end falls on a Friday. Automated process tend to take 30-60 minutes longer than usual and just overall plenty of delays across the system

Financial Transactions Module: This isn't a total dislike from me but just seems like it could be enhanced to be better. Example being when creating a period loan balance where you are updating payment/borrowing amounts to the loan, the loan balance itself doesn't update on the base screen. It just always shows the initial loan balance. You then have to use the Tasks and Reports to get a better view of what you're looking for Review collected by and hosted on G2.com.

What I like best about Kyriba is the overall stability of the platform.

It is a robust and reliable solution that supports critical treasury operations on a daily basis.

I also appreciate the frequent updates, which continuously improve the platform and introduce new capabilities without disrupting existing processes.

The rich set of native functionalities is another strong advantage, as it reduces the need for custom developments and simplifies operations.

Finally, Kyriba’s extensive bank connectivity makes it easier to integrate with multiple financial institutions, streamline payments, and centralize cash and liquidity management. Review collected by and hosted on G2.com.

One aspect I dislike about Kyriba is the complexity of its licensing model.

Understanding and managing licenses across modules, users, and volumes can be challenging and requires careful governance.

Another limitation is that some notifications are only delivered by email, which restricts real-time visibility and limits integration with other monitoring or collaboration tools.

Finally, the Open API has certain limitations, such as rate limits (number of calls per 30 seconds) and daily call quotas. Review collected by and hosted on G2.com.

Kyriba is quite user-friendly, especially for handling daily tasks and reviewing my team's work. By integrating Kyriba with our primary banks, we have streamlined the wiring process, which has greatly reduced the amount of time the team spends on wires each day. Previously, this used to take up more than half of their day, but now, for non-integrated banks, it only takes about two hours. My team uses Kyriba daily for reporting and to ensure the accuracy of activity across the 400+ bank accounts we manage. Review collected by and hosted on G2.com.

One aspect I think could be improved is the clarity of payment statuses. When a payment is processed, the term "Terminated" is used, which generally has a negative connotation. For those who are not involved with the system on a daily basis, seeing a payment marked as "Terminated" can be alarming and may cause unnecessary concern. Review collected by and hosted on G2.com.

Kyriba has excellent, responsive customer support. It can be integrated into an ERP in multiple ways and through different mechanisms, including encrypted file-based transfers. Defining file formats and mappings in Kyriba for integration is relatively straightforward. It also offers strong controls to ensure that configuration and admin-related changes are approved by someone other than the person making the changes, which helps safeguard the organization’s financial assets. Review collected by and hosted on G2.com.

The UI and navigation aren’t very intuitive, and it takes first-time users some time to get accustomed to how everything is laid out. Review collected by and hosted on G2.com.

I like Kyriba for its ease of use and user-friendly interface. It's great that it centralizes data for us, acting as a data centralization tool. Kyriba serves as a source of truth, where I can easily see where my cash position is, make decisions on borrowing, and see balances in different currencies. It's really helpful for our financial risk management using derivatives. Review collected by and hosted on G2.com.

Cash flow forecasting is definitely not Kyriba's forte, especially versus other tools like HighRadius or TIS that are more working capital focused. Review collected by and hosted on G2.com.

The cash forecasting module. It makes forecasting for various companies and bank accounts much more manageable. Review collected by and hosted on G2.com.

It is not possible to change the calendar's start day from Monday to Sunday. Review collected by and hosted on G2.com.

What I find most helpful about Kyriba is its ability to consolidate information in a single platform, bringing everything together - from accounts and companies to payments and forecasts. Review collected by and hosted on G2.com.

The thing I dislike most about Kyriba is how difficult it can be to understand how the different modules interact with one another, which can be especially challenging for new users. Review collected by and hosted on G2.com.

What I appreciate most about Kyriba is its ability to centralize and automate treasury processes that were previously manual and time-consuming. The platform has significantly reduced the time it takes to complete daily cash positioning, giving us faster access to prior-day and current-day cash visibility without the spreadsheet workarounds we relied on before. Review collected by and hosted on G2.com.

One of the biggest frustrations with Kyriba is the length of the implementation. We are approaching two years and are still not fully live on all modules, which is much longer than what was originally expected. The amount of internal time, testing, and follow-up required has been significantly higher than planned.

Another challenge is that the system is not as user-friendly as we would prefer. Even routine tasks and configuration updates require multiple steps, navigation between screens, or deeper system knowledge than expected. While the platform is powerful, it is not always intuitive, which creates added effort for the team instead of freeing up time. Review collected by and hosted on G2.com.