SaaS leader unveils next generation of successful treasury strategy, to enable forward-thinking finance departments to optimize their cash, manage their risk and work their capital

Kyriba, a leader in cloud-based treasury management solutions, recently launched Proactive Treasury Management (PTM). Proactive Treasury Management is a new set of solutions and methodology for treasury departments to better anticipate and plan for market volatility, regulation and fraud, as well as leverage opportunities for growth. By implementing PTM, organizations optimize their cash, manage their risk and work their capital more successfully.

PTM was developed in response to several recent changes within treasury: increased exposure to financial risk and fraud, continuing convergence and centralization of cash and liquidity tools and processes, and the growing need for treasuries to unlock deeper strategic value within the organization. Recent data has shown that 59 percent of CFOs see an increase in risk exposure compared to five years ago¹, and 77 percent of North American organizations will have regional or global cash concentration centers by the end of 2014². Meanwhile, treasury teams feel the need to spend 50 percent more of their time than present on decision support and a third less time on transactional tasks³, in order to better support their businesses.

Kyriba established PTM in collaboration with its clients and industry thought-leaders, bringing together best-practice treasury solutions from some of the world’s largest and most successful organizations, into a single solution and methodology. The new approach will allow treasury teams to better adapt to the “new normal” of economic volatility, while delivering the visibility and control to increase business value for the organization.

Click here to view the entire Kyriba press release.

Today’s treasury managers are tasked to do more with less.  Cloud-based treasury management solutions work to balance both the traditional tasks of managing cash, short-term debt and investments, while also providing the capability to manage capital market activities, mergers and acquisitions (M&A) activity, insurance and pension programs, and working capital management.

Mark your calendar to check back for PayStream’s upcoming Q1 2014 Treasury Workstation report.  The report will provide detailed information on these sophisticated tools and how they enable companies to optimize treasury operations and achieve greater profitability.

To learn more about this upcoming report, click through to the PayStream Research Calendar.