Industry

Kyriba for Higher Education

Delivering Value & Leading Practices for Treasury and Finance to Support your Institution’s Financial and Strategic Goals

Today, higher learning institutions and local school districts face increased challenges from constricting and unpredictable budgets while increased emphasis on cost-savings drives even more focus on extracting efficiency and effectiveness from all aspects of people, processes and systems.

Finance leadership to include the Treasurer and Controllers in higher ed and the public sector use Kyriba’s Liquidity Management solutions to achieve more across critical focus areas to include: real-time cash visibility and accurate and flexible cash forecasting, a complete payments solution, investment and debt management, budget management, fraud detection, and departmental and agency reporting. Higher education organizations need access to technologies that help them do more with less budget, giving them more time to focus on value-add projects and efforts.

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Higher education organizations generally deal with revenue collection only a few times a year, making forecasting an integral part of treasury’s job in order to ensure that cash can last throughout the year. Additionally, a large number of suppliers – and changes to those suppliers as it relates to construction projects – creates an additional risk for payments fraud. To help combat these issues, Kyriba provides:

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Award-winning Forecasting

Kyriba gives companies the ability to easily consolidate forecasts and measure their accuracy.

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Fraud Management

Kyriba’s fraud management intelligence helps protect cash by screening payments to suppliers.

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100% Cash Visibility

Kyriba reduces the cost and complexity of bank connectivity and enables accurate cash forecasts.

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Kyriba has enabled our digital transformation by allowing us an opportunity to step away from spreadsheets. We’ve replaced a lot of our very manual efforts with more automated processes which has helped us to give information to people when they need it.
CORY ZEMBRA ASSOCIATE DIRECTOR, GLOBAL TREASURY OPERATIONS, COLUMBIA UNIVERSITY Hear the success story
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Average Quantitative Results

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Hours saved per month using Kyriba

526
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Hours saved per month on daily cash positioning

171
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Average of payback months

3.96

Source: Data compiled from surveying more than 200 companies as part of Kyriba's value engineering process.

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Boosting Efficiency & Reducing Operational Risk

An iconic, private university in the Northeast had to rethink its treasury approach to avoid key person risk and rid the team’s reliance on spreadsheets.

Learn how the university’s treasury team was able to achieve a 5x reduction in operational risk, increase treasury productivity and save $65k in annual bank fees.

Read the success story
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Related Resources

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Liquidität aktivieren

Wie Sie Liquidität als dynamisches Instrument für Wachstum und Wertschöpfung nutzen.

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