Monday, October 20, 2008
Kyriba Enhances Cash Management Software
San Diego-based Kyriba Corporation, a venture-backed provider of software-as-a-service used for treasury cash management, said this morning that the firm has rolled out an enhancement to its offerings. Accordng to the firm, its software now connects to SWIFT, which is a financial messaging network used by banks to exchange secure messages. Kyriba said the connection into SWIFT comes via a partnership with BRED Banque. Kyriba's software-as-a-service is used for automating bank balance and transaction reporting, daily cash position management, and other finance operations. The firm is venture backed by American Express, BIH, BRED Banque Populaire, Coface, GRP Partners, and Mangrove Capital Partners.