TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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September 21, 2023
Source: Businesswire
Kyriba’s solution will be used by the bank to expand on its ability to provide its Canadian commercial clients with integrated and enhanced working capital solutions
September 21, 2023 08:00 AM Eastern Daylight Time
SAN DIEGO--(BUSINESS WIRE)--Kyriba, a global leader1 of cloud-based finance solutions, announced that the company will be working on providing its platform solutions and services to RBC, supporting the bank’s ongoing innovation journey in supply chain finance as the bank helps its business clients optimize their working capital and cash conversion.
Kyriba’s cloud platform provides institutions with payables and receivables finance management solutions to support their business clients’ working capital needs. Further, Kyriba’s OpenAPI platform and technology integration with over 1,000 financial institutions globally accelerates time to market and enables a more seamless integration of real-time transactions to streamline the execution of working capital programs and onboarding of suppliers and customers.
“With the cost of capital continuing to rise, it is critical that corporate finance teams unlock cash flow within their payables and receivables,” said Edi Poloniato, Global Head of Banking Solutions at Kyriba. “We look forward to working with RBC to offer Canadian companies with new pathways to enhance their liquidity using innovative working capital solutions, thus strengthening their supplier and customer relationships.”
“Optimizing working capital and liquidity with greater speed, efficiency and integration with diverse platforms is critical to the success of large enterprises,” says Lisa Lansdowne-Higgins, Senior Vice President, Business Transformation and Deposits, RBC. “By working with Kyriba, we look forward to providing our business clients with a more robust suite of supply chain finance solutions to enhance their working capital positions.”
To date, Kyriba connects to more than 1,000 financial institutions and 10,000 ERP instances worldwide and processes over 250 million payments annually for a total value exceeding $15 trillion. Kyriba was honored by Global Finance Magazine for its Working Capital Solutions, including being named global winner of Best Supplier Enablement for automated and transparent supplier onboarding operations.
For more information about Kyriba’s Working Capital Solutions, visit Kyriba.com or visit us at upcoming finance conferences, including Sibos in Toronto on September 18-21, 2023.
About Kyriba Corp.
Kyriba empowers CFOs, Treasurers and IT leaders to transform liquidity performance and drive value creation through data-driven financial decisions. Kyriba is a secure, scalable SaaS platform that delivers intelligence and financial automation enabling thousands of multinational corporations and banks to maximize growth, improve financial resilience and increase operational efficiency. 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 and $15 Trillion in payments annually. Kyriba is headquartered in San Diego, with offices globally
About Royal Bank of Canada
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
1 IDC, ‘IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment’, July 2023, https://www.kyriba.com/wp-content/files_live/content/idc-marketscape-tms-vendor-assessment-2023-kyriba.pdf
Contacts
Kyriba Media Contact:
Jenny Robles / Christina Baviello
KCSA Strategic Communications
kyriba@kcsa.com
September 21, 2023 08:00 AM Eastern Daylight Time
SAN DIEGO--(BUSINESS WIRE)--Kyriba, a global leader1 of cloud-based finance solutions, announced that the company will be working on providing its platform solutions and services to RBC, supporting the bank’s ongoing innovation journey in supply chain finance as the bank helps its business clients optimize their working capital and cash conversion.
Kyriba’s cloud platform provides institutions with payables and receivables finance management solutions to support their business clients’ working capital needs. Further, Kyriba’s OpenAPI platform and technology integration with over 1,000 financial institutions globally accelerates time to market and enables a more seamless integration of real-time transactions to streamline the execution of working capital programs and onboarding of suppliers and customers.
“With the cost of capital continuing to rise, it is critical that corporate finance teams unlock cash flow within their payables and receivables,” said Edi Poloniato, Global Head of Banking Solutions at Kyriba. “We look forward to working with RBC to offer Canadian companies with new pathways to enhance their liquidity using innovative working capital solutions, thus strengthening their supplier and customer relationships.”
“Optimizing working capital and liquidity with greater speed, efficiency and integration with diverse platforms is critical to the success of large enterprises,” says Lisa Lansdowne-Higgins, Senior Vice President, Business Transformation and Deposits, RBC. “By working with Kyriba, we look forward to providing our business clients with a more robust suite of supply chain finance solutions to enhance their working capital positions.”
To date, Kyriba connects to more than 1,000 financial institutions and 10,000 ERP instances worldwide and processes over 250 million payments annually for a total value exceeding $15 trillion. Kyriba was honored by Global Finance Magazine for its Working Capital Solutions, including being named global winner of Best Supplier Enablement for automated and transparent supplier onboarding operations.
For more information about Kyriba’s Working Capital Solutions, visit Kyriba.com or visit us at upcoming finance conferences, including Sibos in Toronto on September 18-21, 2023.
About Kyriba Corp.
Kyriba empowers CFOs, Treasurers and IT leaders to transform liquidity performance and drive value creation through data-driven financial decisions. Kyriba is a secure, scalable SaaS platform that delivers intelligence and financial automation enabling thousands of multinational corporations and banks to maximize growth, improve financial resilience and increase operational efficiency. 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 and $15 Trillion in payments annually. Kyriba is headquartered in San Diego, with offices globally
About Royal Bank of Canada
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
1 IDC, ‘IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment’, July 2023, https://www.kyriba.com/wp-content/files_live/content/idc-marketscape-tms-vendor-assessment-2023-kyriba.pdf
Contacts
Kyriba Media Contact:
Jenny Robles / Christina Baviello
KCSA Strategic Communications
kyriba@kcsa.com
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