![]() ![]() Abd fireapp full#Brighthouse expects to use Kyriba to handle the rest as well in order to achieve full payment automation while securing the lowest possible cost in bank fees. The rest is either imported files or blind-routed ACH payments, which are mostly pre-approved and pre-formatted from its back-end ERP systems. Today, Kyriba is being used to generate some 400,000 payment transactions at Brighthouse, or one-fifth of its volume. Centralizing payments and preparing for the proliferation of virtual cashiers are among the priorities that Costco would turn to Kyriba for meeting next-generation treasury imperatives.īrighthouse Financial, an insurance spinoff from MetLife, completed a 13-month implementation of Kyriba in June 2018 to manage its cash and payments functions. After securing a customer count of over 2,000 including many global brands like Amazon, Peloton, Spotify and WeWork, Kyriba has received a new round of funding totaling $160 million from investors including Bridgepoint – now the majority stakeholder.Īt its recent Kyriba Live event, executives, partners and customers outlined the latest TRM implementations that could drive significant improvement to how the corporate treasury function is run at the global level.įor example, Costco, which operates in 10 countries, is now running Kyriba to help manage its global cash position on a daily basis, handling as many as 2.5 million transactions – about 10% of which are in cash. ![]() In 2018, Kyriba signed 229 new clients and achieved a 43% jump to top $110 million in revenues, outpacing a host of Treasury and Risk Management vendors that have eked out single-digit or low double-digit growth largely from their on-premise applications. The rise of Kyriba validates the upside potential of the Cloud applications market, especially for nimble players that can outrun their competition. CEO Jean-Luc Robert at Kyriba Live and revenue milestones ![]()
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