Nomentia Webinar: Building the Bridge Between Treasury & Finance: Communication, Collaboration, Technology

| 18-11-2020 | treasuryXL | OpusCapita |

Finance & Treasury leaders are being challenged to become more engaged in driving results across the enterprise. This requires alignment across the Office of the CFO before these leaders can have success in impacting performance in HR, Operations, Marketing and Sales. How can treasury & finance leaders identify and mitigate barriers to effective communication and collaboration to maximize the value delivered by the Office of the CFO?

Join us to discover how to earn trust within and across departmental lines, and up and down the org chart at your company.

We will empower you to:

👉 Identify the skills you possess and/or need to develop to build deeper mutually beneficial relationships within and across departmental lines.

👉Leverage technology to communicate with impact in any business environment.

👉Raise your IQ relative to how and why treasury & finance work at your company.

👉Define opportunities to impact the performance of your colleagues in treasury & finance at your company.


About Nomentia

Nomentia is a Nordic powerhouse for global cash management. We believe in a world in which businesses can make the right decisions no matter how unpredictable the times are. Our SaaS-based platform offers solutions for cash forecasting and visibility, global payments with bank connectivity, reconciliation, in-house banking, guarantees, and FX dealing. We serve 2,300+ clients in over 100 countries processing more than 200 billion euros annually. Cash is king!

Treasury Delta’s corporate treasury RFP platform: How does it work and why collaborate?

| 18-11-2020 | treasuryXL | Treasury Delta | Having a hard time dealing with complex and time-consuming RFP processes?

Identity fraud, COVID-19 and the Pivotal role of Digital Identity

16-11-2020 | treasuryXL | Refinitiv |

Financial crime, including identity fraud, is growing as sophisticated criminals exploit the ever-expanding capabilities of emerging technology. The COVID-19 crisis has only served to increase opportunities for criminals to benefit from fear, uncertainty and desperation, but digital identity solutions offer banks and financial institutions (FIs) a chance to fight back.

Financial crime and identity fraud: fueled by the digital revolution

As digital connectivity continues to redefine every aspect of our lives, quick, seamless digital experiences have come to embody our new normal. This digital revolution is being driven by a host of interconnected factors, including a changing regulatory landscape and emerging technology that creates an environment with low barriers to entry. Other factors are also at play, including ever-increasing connectivity between entities, increased cross-border activity, and tech-savvy consumers who demand choice, fairness, flexibility, and an omnichannel experience across all areas of their lives. Consumers accustomed to digital retail experiences expect the same 24/7/365 digital experience in other areas of their lives, such as banking and wealth management. Moreover, they increasingly expect tailored, highly personalized experiences.

The result of enhanced connectivity, convenience and increased consumer engagement is a real need to protect against highly sophisticated financial criminals who are harnessing the same digital capabilities to defraud both organizations and individuals. Put simply, the technological advancements that make our lives easier can also benefit criminals, making it easier for them to commit financial crime. According to the World Economic Forum, fraud and financial crime constitute a trillion-dollar industry, and private companies spent approximately US$8.2 billion on anti-money laundering (AML) controls alone in 2017.

Refinitiv’s own research, presented in our 2019 report, Innovation and the fight against financial crime, confirms that financial crime is indeed pervasive and costly. Our findings were collated from a survey of more than 3000 managers with compliance-related responsibilities at large global organizations. We found that nearly three-quarters (72%) of respondents were aware of financial crime taking place in their global operations during the 12 months preceding the survey, even though the same companies spent an average of 4% of turnover on customer and third-party due diligence checks. Looking specifically at identity fraud, the Federal Bureau of Investigation (FBI) has revealed that synthetic identity fraud – where criminals manufacture a new identity using both legitimate and false information – is the fastest growing crime in the U.S.2

COVID-19 has upped the ant

Following the rapid spread of the epidemic , financial crime has accelerated as criminals have found new opportunities to exploit fear, uncertainty and desperation. The FBI provides various innovative examples relating to how criminals are using COVID-19 to defraud individuals, including government impersonators who aim to extract personal information for illegal purposes. And work-from-home fraud, in which victims are asked to send or move money, effectively becoming money mules and enabling criminals.

Forward-thinking banks and FIs are already beginning to accelerate their existing digital transformation programs to mitigate the higher levels of risk anticipated during and after the pandemic. In particular, we expect a significant uptick in the use of digital onboarding and digital identity solutions as more consumers are forced to transact online as a result of lockdown and social distancing requirements; choose to do so for fear of contracting or spreading the virus; and/or are seeking better security when asked to prove their identity.

Even before the pandemic, many firms were increasingly using digital innovation to fight financial crime, including digital identity solutions in the client identification space. Digital identity solutions offer fast, reliable digital identity verification and screening; transcend geographies; boost operational efficiency; and remove the human error factor. Moreover, digital identity helps financial institutions optimize compliance models, improve risk mitigation and protect customers from identity fraud. As the world grapples with the effects of the pandemic, banks and FIs have a real and immediate opportunity to review their systems and controls, while simultaneously accelerating digital transformation and moving away from old-school manual Know Your Customer (KYC) processes.

The far-reaching effects of identity theft

Organizations across the financial services industry are facing a range of common challenges, including rising competition, tightening margins, strict regulatory expectations, the need for greater operational efficiency, and pressure to reduce costs. There is the added fundamental requirement to ensure that the client experience is positive. Customer abandonment levels remain unacceptably high, with over half (56%) of consumers in the UK abandoning bank applications in 2018. Our research suggests that traditional KYC and due diligence processes – which can be time-consuming, inefficient and costly – have contributed to this.

While firms are increasingly aware of the need to ensure better experiences for clients, they also need to consider the ever-growing security threats such as large-scale data breaches, phishing and social engineering attacks. These crimes have made it easier for fraudsters to assume the identities of legitimate account owners via account takeover fraud. The impact of identity fraud is far-reaching, with victims experiencing both financial and psychological damage that can severely impact their behavior and future brand loyalty.

There is therefore an urgent need for banks and FIs to prioritize customer identity protection alongside the accepted need to ensure a positive experience. Many banks and FIs are not moving fast enough to address this issue – and need to become more aware of the wider social risks of identity fraud.

On a more positive note, a highly encouraging finding from our survey was that technology, including digital identity solutions, is increasingly able to help organizations fight back against financial crime while improving client relationships. A significant 94% of survey respondents agreed that the technology they use to detect financial crime is also enhancing customer engagement.

Digital identity: who can benefit?

Digital identity solutions continue to grow in popularity and offer numerous benefits to different industry participants, including retail banks and wealth managers.

Retail Banking

Retail banks, for example, can benefit from enhanced speed, efficiency and security when using digital onboarding and digital identity solutions during customer account opening, where it is necessary to verify and prove the identity of new customers who apply for new bank products and services. Digital identity is also invaluable for customer re-verification and authentication in instances where existing customers seek to make changes to their personal information.

Wealth management

Turning specifically to the wealth industry, the benefits are equally clear. The wealth arena is operating against a backdrop of unprecedented uncertainty as wealth transfer from baby boomers to millennials brings far-reaching changes to business models, in line with the expectation that a new generation requires new strategies and alternative data.

We commissioned research from global research and advisory firm Aite Group, which collated the findings from executive interviews with leading wealth management firms around the globe. The research found that 100% of respondents consider wealth transfer to be one of their top-three concerns. This report also revealed that financial advisors are becoming less product-focused and more relationship-oriented. As the wealth industry continues to shift away from products and towards services, the role of financial planning is taking center stage in the client/advisor relationship. Advisors are increasingly shifting focus from administrative duties and investment selection to client service. Digital identities can enable the shift of work from financial advisor to less expensive parts of the value chain, enabling them to concentrate on areas of added value.

A strong belief in technology

Our research shows that firms overwhelmingly believe in the power of technology in the fight against corruption: 97% of all respondents in our innovation survey said that technology can significantly help with financial crime prevention. There are of course still challenges in adopting digital solutions – nearly three-quarters (73%) reported concerns or obstacles when harnessing technological advancements to reduce risks and costs.

Respondents revealed that only about half (51%) of the data and legal documentation needed to carry out due diligence is obtained, but creating more difficulties, only 54% of this is in a digitized format. While remedies will take time, the digitization outlook is positive with 60% of organizations prioritizing automation and digitization for investment. Respondents indicated that spending on customer and third-party due diligence checks was expected to increase by 51% in the year following the survey, with technology being the biggest investment area. This data was gathered prior to the onset of COVID-19 and is expected to accelerate further as a result.

Digital identity solutions deliver diverse benefits

Digital identity solutions tick many boxes, including:

  • Faster turnaround times. Using digital identity accelerates the pace of business, benefits all stakeholders, and means that banks and FIs can onboard and service more customers, more efficiently.
  • Improved accuracy. Human error is unavoidable in manual identity procedures, but digital equivalents reduce manual keying errors, ultimately leading to better compliance.
  • Better security. Old school security features, including passwords and knowledge-based authentication (KBA), not only cause high levels of frustration among clients, but are also often unsecure.
  • More streamlined operational costs. Digital identity solutions boost efficiency levels, leading to more optimal deployment of resources and cost savings.
  • A more favorable customer experience. Faster turnaround times, fewer touch points and a seamless digital experience all contribute to higher levels of customer satisfaction.

Refinitiv’s digital identification and verification solution, Qual-ID delivers in each of these areas. Built specifically for FIs, Qual-ID enables secure, digital identity verification and screening to boost compliance team efficiency. The solution focuses exclusively on consumer identity. Qual-ID helps with identity verification, document verification, enables anti-impersonation checks to be performed in a variety of robust yet consumer friendly ways.Qual-ID also leverages our market-leading World-Check Risk Intelligence Database to enable screening for financial crime risk within the same solution.

World-Check delivers accurate and reliable information compiled by hundreds of specialist researchers and analysts across the globe, adhering to the most stringent research guidelines as they collate information from reliable and reputable sources, including watch lists, government records and media searches. Incorporating World-Check capabilities into Qual-ID means that customers can verify identity against trusted sources, proof legal documents and screen for regulatory and financial risk – all in one transaction, via one API.
This unique combination of elements delivers a holistic digital identity and screening solution that assists our clients to comply with their legal and regulatory requirements at the time of onboarding.

Technology’s significant and tangible impact

Only 53% of respondents in our innovation survey confirmed that they conduct KYC checks on client identity during onboarding but worse still, only 46% of these checks are considered successful. While these figures are alarmingly low, our research did reveal that those organizations that use technology are almost twice as successful at performing KYC checks on client identity (47%) as their counterparts who don’t use technology (28%). These findings are a clear indication of the significant, tangible impact that the right technology can have in the client identity space, and ultimately in thwarting financial crime.

What is certain is that the digital transformation will continue to gather momentum – digital commerce is expected to grow globally at more than a 20% CAGR by 2022, reaching nearly US5.8 trillion in value. Alongside this growth, another certainty is that sophisticated criminals will continue to exploit emerging technology to advance their illicit activity, both now and after the COVID-19 pandemic. Forward-thinking banks and FIs must therefore harness the power of the best available technology and solutions to prevent financial crime and protect their customers – and digital identity solutions offer an immediate opportunity for success in this critical area.

Miltenyi Biotec standardizes corporate payments and bank management with new payments platform

| 10-11-2020 | TIS |

Globally operating biotech company consolidates its banking landscape and creates more transparency and security in finance and international payments with TIS (Treasury Intelligence Solutions).

Walldorf, November 10, 2020. Miltenyi Biotec, headquartered in Bergisch Gladbach, Germany, has selected the TIS payments platform to manage all its bank accounts, bank statements, payments and conduct detailed financial analyses. The decision for TIS was made after thorough market observation. Its usability, high security standards, and effective SAP integration clearly stood out.

Miltenyi Biotec has grown steadily in recent years, especially in international markets. The company was founded in 1989 in Bergisch Gladbach, Germany, and specializes in products and processes for cellular research and cell therapy applications. Today, it has more than 3,000 employees worldwide, with 700 employees in research and clinical development. Miltenyi Biotec distributes its products through direct sales in 28 countries. The company’s ongoing growth, increasing number of affiliates, banking partners and accounts led to a need to standardize the company’s finance processes and to make them more efficient.

Besides accounts and payments consolidation, the company also wanted to make its payment processes more professional. In Germany, payment processes were structured with the Treasury Management System. Internationally, however, subsidiaries and affiliates used SAP and other ERP systems for payments and connected to banks via different online banking tools.

Daniel Pier, Group Leader Treasury at Miltenyi Biotec: “For our renewed banking landscape we looked for a centralized payments platform to make international payments more transparent and secure. With TIS, we can automate and standardize payments and monitor the processes from group treasury whenever necessary. For us, the core value of this solution is to enable us to follow closely the company-wide liquidity status at the push of a button.”

Jörg Wiemer, co-founder and Chief Strategy Officer at TIS: “For fast growing companies, it is especially important to manage resources efficiently and meanwhile also ensure security and transparency in corporate payments and liquidity management. With its effective SAP integration and extensive bank connectivity, TIS offers powerful benefits to its customers. We are happy to welcome Miltenyi Biotec, a leading innovator in biomedical research and cellular therapy, to the TIS community.”

About TIS

TIS (Treasury Intelligence Solutions GmbH), founded in Walldorf, Germany in 2010, is a global leader in managing corporate payments. The Financial Times named TIS as one of “Europe’s Fastest Growing Companies” for 2019 and 2020. Offered as Software-as-a-Service (SaaS), the TIS solution is a comprehensive, highly-scalable, cloud platform for company-wide payments and cash management. The TIS solution has been successfully used for many years in both large and medium-sized companies, including Adecco Group, Hugo Boss, Fresenius, Fugro, Lanxess, OSRAM and QIAGEN. More than 25% of DAX companies are already TIS customers.

Your world of Payments. ONE Login.

Press contact

Treasury Intelligence Solutions GmbH

Liang Fang

Altrottstrasse 31

69190 Walldorf


If you want to know more about TIS, visit

Read the complete press release also here


treasuryXL announces collaboration with Treasury Delta

| 5-11-2020 | treasuryXL | Treasury Delta | VENLO, The Netherlands, November 5, 2020 – treasuryXL, the community platform for everyone who is active in the world of treasury, and Treasury Delta, an Irish FinTech company, which has brought to market an innovative platform that uses digital technology to connect companies, banks and treasury management […]

SpendLab Analyzer: Each invoice is tracked at VAT cost line level throughout the entire administration

| 04-11-2020 | treasuryXL | SpendLab Recovery |

Last May, we welcomed Spendlab Recovery as our Premium Partner, in order to provide our treasury community with expertise in the field of Liquidity, Accounts Payable and Risk Management. SpendLab is the Dutch market leader in spend justification. The company is a former spin-off from the Dutch government with a 98 year old heritage in procurement. It currently specializes in generating liquidity for clients by analyzing -and identifying anomalies in accounts payable data. By having insights in the accounts payable and being able to recover unjustified liquidity, treasurers will be able to identify and control (liquidity) risks in their vendor data. In this article, the focus lies on the role of VAT.

Specific VAT regulations for small caravan sites, VAT application on invoices within the Social Domain or system integrations after municipal mergers. “Every municipality has specific characteristics and risks in VAT processing,” says André Weitjens, VAT manager at SpendLab and specialist in financial administrations and applications. “The insights and experiences from a municipal project are validated and made applicable for subsequent projects. Also with regard to the interpretation and application of the changing VAT regulations, it is the combination of data research and tax expertise. ” (Blog continues in Dutch)

De grootste uitdaging wordt gevormd door het juist inregelen van de btw-tabel binnen de financiële applicatie. Zeker omdat deze tabel de ingeregelde btw-regelgeving automatisch toepast bij de verwerking van een inkoopfactuur. Als gemeente moet je exacte kennis hebben van de in beweging zijnde btw-regelgeving om dit correct binnen de btw tabel te vertalen. Daarnaast zorgt de variabele stroom van inkoopfacturen, welke via de workflow aan budgethouders ter codering en goedkeuring wordt aangeboden, vaak voor kwetsbaarheden in de btw-verwerking. Budgethouders richten zich op de inhoud van de factuur en zijn zich om die reden veelal niet bewust van de gekozen btw-verwerking bij het coderen van de factuur. Veelvuldig wordt de btw hierdoor onterecht kostenverhogend geboekt.

SpendLab Analyzer

De meest genoemde reden om de SpendLab Analyzer® in te zetten is om zeker te weten dat de btw-verwerking te vertrouwen is. Wij hebben een enorme databank opgebouwd waar alle btw-problematiek wel voorbij is gekomen. Specifieke btw-regelgeving uit hoofde van het BCF, het van toepassing zijn van een mengpercentage, de keuze voor ondernemer of overheid, niet of verkeerd verlegde btw. Veel regelgeving vraagt om specifieke keuzen binnen in een financiële applicatie, welke zich door de toenemende digitalisering niet eenvoudig laat controleren.

De SpendLab Analyzer® beoordeelt de inregeling van de relevante btw-regelgeving bij een gemeente op basis van jurisprudentie, belastingexperts en gevalideerde kennis uit andere projecten. De opdrachtgever is in principe de kennisexpert, maar als we vaststellen dat de btw-boekingen optimaler kunnen, dan adviseren we onderbouwd met de jurisprudentie en of motivaties vanuit andere projecten. Interessant is dat niet de grootboekrekening of kostenplaats het startpunt is, maar de totale boekingsdata in relatie tot boekingsregels. Het grootste verschil met reguliere controles is dat de SpendLab Analyzer® de btw verwerking volgt vanaf het moment van de eerste vastlegging tot de betaalbaarstelling, om vervolgens de data analyse op te bouwen.

De SpendLab Analyzer® beoordeelt integraal alle kostenregels van de facturen op een juiste btw-verwerking. Elk btw bedrag dat onterecht kostenverhogend is geboekt of mogelijk onterecht in aftrek is genomen of is gecompenseerd wordt inzichtelijk gemaakt. Dit gaat al snel over tienduizenden btw-regels bij een kleine organisatie. Handmatig is dit niet meer te doen. Gemeenten en hun accountants doen dit op basis van steekproeven, terwijl SpendLab alles fijnmazig op basis van honderd procent van de factuur data analyseert.

De belastingdienst is voornemens om dergelijke integrale controles in de toekomst zelf vorm te geven, en dat is precies wat wij al doen. De SpendLab Analyzer® gaat vijf volle boekjaren terug en beoordeelt ook de betaalbaarstelling. Zo werkt SpendLab met zijn integrale controle complementair aan de fiscalist en accountant. Zo is een gemeente ook nog eens proactief en zeker van een juiste verwerking van btw in de toekomst.



Live 30-minute Demo Session – Cash is King | 6 and/or 20 November 2020

| 29-10-2020 | TIS |

When the world is getting flat and the business landscape is changing almost real-time, what are the challenges and opportunities for CFOs and Treasurers?


  1. How to keep your finger on the pulse of the global cash flow.
  2. How to orchestrate thousands of domestic and cross-border payments worth millions while staying informed and compliant.
  3. How to leverage important data for better business decisions and how to play a leading role as change agent in your company’s digital transformation.

You can choose from two dates in November 2020.




Technology in 2024: Is your trading desk ready?

20-10-2020 | treasuryXL | Refinitiv |

Traders around the world find themselves having to adapt quickly to AI and emerging technologies, the move to automation, and the need to demonstrate best execution.

To understand what this means for the future, Refinitiv teamed up with Greenwich Associates to produce a three-part series called ‘The Future of Trading’.

In our first report, we found broad consensus (78%) that technology has created better and more efficient financial markets.  However, opinions vary on what will bring the greatest future impact—and how soon.

AI and machine learning are widely expected to be the most disruptive. Beyond that, perspectives are split: traders are looking for immediate impact from execution management systems (EMS) and from short and longer term investment in trade performance analytics. Across capital markets, though, the focus is firmly on long-term, strategic and defensive cybersecurity and real-time risk management solutions.

Access full report

Top 4 most useful Key Performance Indicators for Accounts Payable

| 14-10-2020 | treasuryXL | SpendLab Recovery |

Nowadays all businesses use Key Performance Indicators (KPI’s) to measure the performance of internal -and external processes and thereby operational success. In the Accounts Payable unit of an organization this should not be any different.

‘If it cannot be measured, it cannot be managed’. Establishing and tracking KPI’s in the Accounts Payable department enables an organization to identify weak processes and operational inefficiencies. A KPI should be specific, quantifiable, time-bound and should be agreed upon by all project members. KPI’s need to be measured on a regular basis to ensure that the Accounts Payable process matches with the goals set by the organization and to identify areas of improvement.

In general, but also in specific cases such as mergers and acquisitions, organizational restructuring and new technology implementations (e.g. Robotic Process Automation, Artificial Intelligence, and Machine Learning) it is imperative to make use of Accounts Payable KPI’s that enable organizations to measure the impact of changes on the Accounts Payable process.

In the last couple of months, SpendLab Recovery has requested their clients to share the KPI’s that are most important to them in the Accounts Payable department. From the reactions that we received, we have compiled a list of KPI’s that secure the most meaning from available data, which can be used to strengthen the Accounts Payable process.

  1. The cost per processed invoice

The cost per processed invoice is the cost of processing one invoice in the (entire) organization. This cost can vary depending on the type of business as well as the factors that are taken into account. Important to understand is the fact that the cost per processed invoice may appear to be low, just because the hidden costs that negatively impact the profit have not been taken into account.

One example related to hidden costs is an organization that has a high level of manual invoice processing. This type of organization needs to take into account labour- and operational costs, the risk of human errors, and lengthy processes. In addition, the cost per processed invoice needs to take into account the time spent by employees in the Accounts Payable process. Several other contributors to the cost per processed invoice are systems and equipment, overpayment, errors, lost supplier discounts as well as audit costs.

A second example encompasses invoices that are sent by suppliers, but do not meet the requirements set by the client. This inefficient process results in a chain reaction that increases the number of activities that have to be conducted. Consequently, the costs of processing an invoice will increase.

Over the past 10 to 15 years, the processing costs of an invoice have decreased significantly. Whereas the costs of processing an invoice in the Accounts Payable department ranged between $20,00 and $30,00, some organizations are now able to process an invoice for $10,00, and top performing organizations for $5,00, according to the results of a survey published in 2018.

Accounts Payable departments can reduce the manual handling of invoices by implementing and utilizing paperless Accounts Payable automation software.

  • The lead time per processed invoice

The cost of processing invoices increases when an organization processes invoices slowly. The lead time per processed invoice in the Accounts Payable department tracks the total time that it takes for an invoice to be received, processed, finalized, and made ready for payment in the financial ERP system. Processing speeds vary based on the size as well as the industry an organization works in.

If a specific Accounts Payable automation solution manages the total process, starting from receiving the receipt to posting in the ERP, this metric can easily be tracked throughout the system. However, if process steps happen outside of the Accounts Payable automation solution, it might get tricky, but still an exceptional way to measure the overall efficiency of processing invoices in the Accounts Payable.

The key to achieve a reduction in the lead time per processed invoice is automation. By mapping the Accounts Payable process, removing manual process steps and implementing an automation solution that takes on the workload in the back-end of the organization, organizations are able to save valuable time and ensure that the resources in the Accounts Payable can focus on value-adding activities.

  • The number of invoices processed per employee per day

One of the KPI’s that should not be neglected is the number of invoices that an Accounts Payable employee processes on a daily basis. This KPI provides key insights into the strengths and opportunities in the Accounts Payable department.

There are a significant number of negative downstream effects in relation to low performers in this KPI. For instance, until an invoice is processed, approved and filed into an ERP system, other departments are not able to assess the development and/or stage of the process the invoice is in.

This lack of insights and therefore visibility leads to organization-wide problems such as missed supplier discounts, late payment fees, mismanaged cash flows, and overall poor relationships with suppliers.

Optimizing this KPI is therefore a must.

  • Percentage of invoice exceptions

Invoice exceptions are a plague for Accounts Payable departments and therefore organizations in general. The result of invoice exceptions is twofold. First of all, invoice exceptions cause a reduction in the processing efficiency, having to discuss and agree on the invoice with peers and, in the worst case, creating disputes with purchasers and suppliers. Secondly, invoice exceptions drag down employee morale, especially when the exceptions have to do with structural problems that are related to the workflow. A few examples of invoice exceptions are the following: discrepancies in the purchase order (e.g. wrong supplier codes, receipt dates or zip codes), incorrect, duplicate and missing purchase orders and non-purchase orders.

The bottlenecks that are a result of invoice exceptions are able to bring entire Accounts Payable departments to halt. Being able to reduce the impact of discrepancies requires organizations to track and control invoice exception rates.

About SpendLab Recovery

SpendLab Recovery is the Dutch market leader in spend justification. The company is a former spin-off from the Dutch government with a 98 year old heritage in procurement. It currently specialises in generating liquidity for clients by analysing -and identifying anomalies in accounts payable data.

In terms of certification, SpendLab is GPR compliant and is ISO-certified for Information Security Management (ISO/IEC 27001) and Quality Management (ISO 9001:2015).

By having insights in the accounts payable and being able to recover unjustified liquidity, treasurers will be able to identify and control (liquidity) risks in their vendor data.

For more information visit


KYRIBA Global Summit

| 07-10-2020 | treasuryXL | Kyriba |

We are excited to invite you to the first ever Kyriba Global Summit, a free virtual event bringing together treasury, finance and IT teams from around the world to discuss their successes and the latest innovations in cash management, payments, bank connectivity, FX risk management and working capital management.

Hear successes and stories of transformation from some of the most recognized companies in the world with a globally diverse group of speakers.


About Kyriba

Kyriba empowers CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation, while also protecting against financial risk. Kyriba’s pioneering Active Liquidity Network connects internal applications for treasury, risk, payments and working capital, with vital external sources such as banks, ERPs, trading platforms, and market data providers. Based on a secure, highly scalable SaaS platform that leverages artificial and business intelligence, Kyriba enables thousands of companies worldwide to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce costs through advanced automation. Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Frankfurt, Tokyo, Dubai, Singapore, Shanghai and other major locations. For more information, visit