NEW YORK--(BUSINESS WIRE)--Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, today announced that AmTrust Financial Services, Inc. (NASDAQ: AFSI) (“AmTrust”) has selected Kyriba to optimize financial controls around its global risk and cash management operations so it can drive more strategic value across the organization.
AmTrust, a multinational insurance holding company headquartered in New York City, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile, general liability and extended service and warranty coverage.
Managing cash and risk exposure on an international basis is becoming an increasingly complex and strategic task for global treasury teams. According to a recent survey from the Association of Financial Professionals (AFP), not only is the strategic function of treasury expanding, but the proper use of technology can elevate treasurers’ contribution to the bottom line.1 AmTrust partnered with Kyriba to continue fortifying its financial operations and put the company in a better position to expand its leadership role in specialty property and casualty insurance in the U.S. and overseas. The insurance company will benefit from Kyriba’s secure workflows and processes; increased visibility into daily cash positions; and improved audit controls within the company.
“Mitigating risk and protecting our financial assets is the number one priority for our organization,” said Evan Greenstein, SVP, global treasurer of AmTrust Financial Services. “We felt Kyriba was the best choice to assist us in the modernization of our treasury operations, help AmTrust maintain business operations in accordance with our risk policies, and increase opportunities to unlock future growth.”
“Secure cash and risk management operations are the cornerstone of growth for multinational corporations,” said Jean-Luc Robert, chairman and CEO at Kyriba. “The opportunity to optimize the strategic function of skilled treasury teams is achievable when the organization leverages world-class technology and financial controls to keep their operations safe.”
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About Kyriba Corp.
Kyriba is the global leader in cloud-based treasury, cash and risk management solutions, delivering Software-as-a-Service (SaaS) financial technology to corporate CFOs and Treasurers. More than 1,600 global organizations use Kyriba to enhance their global cash visibility, improve financial controls, and increase productivity across their cash and liquidity, payments, supply chain finance and risk management operations. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Singapore, Dubai, Hong Kong, Shanghai and Rio de Janeiro.
To learn how your organization can increase the strategic function of its financial professionals, contact us at email@example.com. To learn more about Kyriba PartnerSURGE or join our partner program, contact us at firstname.lastname@example.org.
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1 2017 AFP Strategic Role of Treasury Survey—Association for Financial Professionals