Additionally, to help Workday customers achieve higher banking agility, a new relationship with Workday, Inc. will fully embed bank reporting and bank payment connectivity for Workday Financial Management.

According to Ara Gopal, Global Vice President, Partnerships & Alliances, Kyriba, "CFOs struggle today with disconnected systems, ongoing liquidity uncertainty, and limited visibility into the financial health of their business." "Kyriba is dedicated to building the strongest partner ecosystem in the market, and we are excited to be expanding our innovation through our most recent partnerships with Workday and Onyx. Through the provision of best practices, expedited time-to-value, and implementation experience, our extensive partner ecosystem fosters innovation and assists clients in exceeding their strategic goals.

Introducing blockchain technology and digital currency for international payments

Kyriba increases end-to-end payments transparency by combining the strength of blockchain technology and the speed of real-time payment processing with Onyx's Blockchain Deposit Account product, JPM Coin. Customers can now use Kyriba's treasury management system (TMS) to manage their JPM Coin Blockchain Deposit Accounts (BDAs). This allows treasury teams to facilitate real-time cross-border transfers on a permissioned distributed ledger.

Through the J.P. Morgan Global Payments API, which is accessible through the Kyriba Marketplace, real-time bank reports and real-time payments are supplemented by this cutting-edge cross-border payment solution.

According to Abhinav Natarajan, Global Product Head of JPM Coin, "our mutual clients can leverage blockchain technology and conduct cross-border commerce with speed, transparency, and added certainty through the JPM Coin integration." "Our clients may initiate and manage real-time settlements by integrating our Blockchain Deposit Accounts into their current TMS workflows, which opens up the possibility of 24/7 money movement. This is a thrilling development in our continuing partnership with Kyriba.
 

The foundation of J.P. Morgan's Payments strategy is addressing the challenges of bank integration and providing consumer-like experiences within Treasury platforms. According to Papa Faye, Global Head of J.P. Morgan Payments Integrated Digital Solutions, "Our collaboration with Kyriba is an excellent example of how J.P. Morgan's integrated digital solutions are empowering clients to unlock real-time treasury services, including payments, reporting, and now blockchain-based transactions, lowering implementation barriers, improving operational efficiencies, and enabling our mutual customers to redeploy resources to their value-add business tasks."

Bank Connectivity Integrated Into Workday Financial Management

Workday and Kyriba have partnered to integrate bank reporting and bank payment connectivity for Workday Financial Management. This will help Workday customers lessen their dependency on IT resources for the development and management of bank integrations, as well as to proactively monitor and handle changes to bank connectivity and file formats. Workday is a leading provider of solutions to help businesses manage their people and finances.

Workday Bank connection, powered by Kyriba and currently available, will help customers get faster time to value by giving them access to pre-built connection and formats for over 250 international banks, as well as Kyriba's development library of 50,000 pre-tested payment format scenarios.

With this quick and easy integration, Kyriba's capabilities are now even more accessible to Workday clients and finance teams worldwide, solidifying its position as the industry leader in bank connectivity that supports over 100,000 distinct bank connections and 3.5 billion bank transactions yearly.

"In order to mobilize cash and optimize liquidity, every CFO requires connectivity to their global banks in order to achieve 100% cash visibility and payment certainty." Customers now have unmatched access to pre-built bank connectors to the most significant financial institutions worldwide thanks to the integration of Kyriba Connectivity into Workday Financials, which also helps them lower the complexity, risk, and deployment delays associated with their ERP systems, Gopal continued.

using our partner network to provide a link between organizations' strategic advantages and liquidity

With the world's largest partner-focused treasury technology ecosystem, Kyriba has grown its Global Partner Network to include an unmatched range of partners, including investment management firms, technology and independent software vendors (ISVs), CFO advisory firms, and certified implementation partners.

One of the main pillars supporting Kyriba's expansion and client success is its partner network. Apart from providing services to banks and ERPs, Kyriba is committed to enhancing its products via its recently broadened partner network, which consists of:

Kyriba clients receive professional advice on treasury best practices, digital transformation, regulatory compliance, risk management, and CFO strategy from multinational advisory companies like Deloitte and PwC. The largest and most intricate Kyriba deployments are being carried out by partners like Deloitte, who have made deliberate investments in creating a global Kyriba network.

Accredited Partners for Implementation Implementation partners like Accenture, Clearsulting, Elire, Nitor, RSM US LLP, and others, with over 900 certified consultants worldwide, offer top-notch implementation services along with cutting-edge methodologies and subject matter expertise to help clients expedite treasury, payments, and connectivity projects and shorten the time-to-value for their technology investments.

technological collaborators Apart from ISV partners like Netsuite and Blackline, Kyriba has decided to use AWS as its go-to cloud provider. Kyriba's products are being distributed globally through this partnership, which takes advantage of AWS's scalability, security, dependability, and global reach. Kyriba and AWS are still collaborating to provide customers with unique, sector-specific solutions, and later this year, consumers will be able to purchase Kyriba products through the AWS Marketplace.

BlackRock, BNY Mellon, Goldman Sachs, ICD, 360T, and LexisNexis are just a few of the API Marketplace partners that effortlessly interact with Kyriba to enhance financial workflows and help customers execute their liquidity plans through real-time payment governance, money market investing, and currency trading.