KUALA LUMPUR, Dec 14 (Bernama) -- Global leader in cloud-based financial and information technology solutions Kyriba has launched Kyriba Receivables Finance, a solution that provides finance teams with greater control over factoring or securitisation programmes and which enables selective invoice financing.
The multi-funder solution integrates all vendor programmes into a single platform, providing a real-time overview of credit facilities, utilisation, limits, and programme performance.
“The speed with which companies can convert their receivables is essential for their survival, the faster the conversion, the less working capital required to support the business,” said its vice president for strategic marketing Bob Stark in the statement.
Meanwhile, head of working capital at Kyriba, Edi Poloniato said Kyriba Receivables Finance enables CFOs to release funds tied up in unpaid accounts receivables, quickly convert them into cash and optimise decision-making.
“This solution enhances the control of financial departments over financial risk, automates the end-to-end process and reduces operational costs, while offering a single funder agnostic platform,” he said.
The Kyriba Receivables Finance key features include fast and efficient implementation; advance payment processing; payment and reconciliation; dashboards, reports, and tips; and seamless integration.
The module is available for corporates, large and medium-sized companies, and financial institutions in white-label solution.
With offices globally, Kyriba enables thousands of businesses to maximise growth opportunities, protect against losses from fraud and financial risk, and reduce costs through advanced automation.
-- BERNAMA
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