I was onsite at a client’s office on September 29, 2008, when the stock market began to crash. I had just helped the client go live with a global implementation of Kyriba, industry-leading treasury management software, and observed first-hand how the client could utilize the solution to take control of funds and make critical, real-time decisions to help mitigate risks amid a turbulent market.
As the Covid-19 pandemic continues to breed its own economic and logistic chaos for businesses globally, I am reminded of the Treasury Management system’s importance. Having complete visibility into all accounts/transactions via automated bank connectivity, building streamlined cash management processes governed by secure controls and accesses, and allowing remote user access to the centralized software are imperative during this disaster.
Never has it been more important for an organization to control its Cash Management and Payment processes. Perficient is proud to be a greater part of this solution with its partnership with Kyriba. Our team of Cash Management and Bank Connectivity experts are helping our clients utilize Kyriba’s software to optimize their processes while mitigating the risks during this unprecedented time.
As more and more organizations realize the value of cloud-based software and begin these migrations, it is an important opportunity for financial executives to take a step back and understand how automated bank connectivity via a thorough a Treasury Management tool, such as Kyriba, can be of significant benefit towards overall productivity and security goals.