Kyriba, a leading global provider of cloud-based finance and liquidity solutions, has recently been honoured with the prestigious recognition of being named a Leader in two IDC MarketScape assessments: the Worldwide SaaS and Cloud-enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment, and the Worldwide SaaS and Cloud-Enabled Midmarket Treasury and Risk Management Applications 2023 Vendor Assessment.
These assessments, conducted by IDC (International Data Corporation), one of the largest technology analyst firms globally, acknowledge Kyriba’s exceptional vision and capabilities in the field of enterprise treasury and risk management applications. The company has demonstrated its commitment to solving diverse pain points for CFOs and Treasurers, solidifying its position as a reliable and trusted partner in the finance industry.
As emphasized by Bob Stark, Kyriba’s Global Head of Market Strategy, the recognition is a testament to the company’s unwavering dedication to empowering finance teams through innovation and agility. Kyriba has leveraged cutting-edge technologies such as AI, APIs, and analytics to bolster their vision and strategy, ensuring that finance professionals are equipped with the tools they need to excel for years to come.
With a track record of supporting over 2,500 clients worldwide and a previous acknowledgment as a “Leader” in the IDC MarketScape Worldwide SaaS and Cloud-Enabled Treasury and Risk Management Applications 2017–2018 Vendor Assessment, Kyriba’s position as a frontrunner in the industry has been well-established. The company’s offerings are highly regarded for their secure and scalable nature, providing CFOs and their teams the means to optimize growth, mitigate fraud and financial risk, and drive down operational costs.
Kevin M. Permenter, a senior research analyst at IDC, highlighted the increasing demand for technology partners with robust data strategies to navigate the challenges of the current economic landscape. Kevin M. Permenter said:
“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.”
Kevin M. Permenter
Companies named as Leaders in the 2023 IDC MarketScape have been proven to bolster the resilience of enterprise and midmarket entities, offering valuable tools and data to enhance cash visibility and actionability.
More About Kyriba
Kyriba’s mission to transform liquidity as a dynamic, real-time vehicle for growth and value creation has been central to its success. The company’s secure SaaS platform has automated payment workflows and enabled multinational corporations and banks to conduct over 1.3 billion bank transactions and 250 million payments, amounting to a staggering total value of $15 Trillion annually.
Conclusion
Kyriba’s recent recognition as a Leader in the IDC MarketScape assessments further solidifies its position as an industry pioneer and trusted partner for CFOs and Treasurers worldwide. With its commitment to technological excellence, innovation, and providing top-notch solutions, Kyriba continues to play a vital role in empowering finance teams and driving the growth and success of its diverse clientele.
