Third update of 2014 brings additional international connectivity options, enhances user experience with interactive interface Kyriba, the global leader in cloud-based Proactive Treasury Management, has released Kyriba 14.2, the most advanced version of the fastest-growing global treasury management system. Kyriba 14.2 contains a wide range of enhancements, enabling Kyriba’s global client base to run proactive and strategic global treasury departments, and giving treasurers greater control over their cash.

Kyriba 14.2 has a strong focus on increased international capabilities. The solution is now available in 11 languages, and includes support for new transaction and payment formats across South America, Europe and Asia. Kyriba’s new user experience includes a more intuitive and interactive driven interface, formal support for the Google Chrome browser and navigational enhancements that enables users to easily use Kyriba’s powerful capabilities.

Key global capabilities of Kyriba 14.2 include:

• Brazilian (FEBRABAN) (reporting and payment) transaction formats support
• Japanese (Zengin) (reporting and payment) transaction formats support
• Added BACS network / protocol support in UK, supporting third-party payment capabilities
• SEPA Direct Debit reject management and enhanced SEPA-related formats enhancements
• Italian CBI XML for SEPA credit transfers

“Continued globalisation has led many medium and large organisations to have subsidiaries, customers and vendors across multiple markets, in several currencies,” said Albert Pang, president of analyst firm Apps Run The World. “At the same time, treasury management has become an increasingly centralised process for many companies. Therefore it’s essential that treasury management systems have the ability to handle transactions and banking relationships around the world. Organisations who are looking to streamline and improve their connectivity processes and deliver a truly globalised treasury function should ensure that their systems are optimised to deliver these capabilities on a worldwide scale.”

“As organisations continue to expand operations globally, the need for treasurers to meet the growing demands of international operations like cash management and forecasting in different currencies, countries and business units, is challenging,” said Jean-Luc Robert, chairman and CEO of Kyriba. “This creates a growing list of banks to manage, as well as connecting to those banks to generate daily cash positions and make timely and secured payments. Kyriba’s latest update puts the treasury department in control rather than being reactive to these business changes.

“With our third release already in 2014, Kyriba continues to be the innovation leader in the treasury management systems market. We have made major investments in our product development capabilities over the past 18 months, and this enables us to rapidly bring new capabilities to our clients. As Kyriba is a SaaS solution, all new functionality is available to all clients without the need for expensive and complex upgrades,” continued Robert.