SINGAPORE & TORONTO--(BUSINESS WIRE)--Kyriba, the #1 provider of cloud treasury and financial management solutions, and GlobalTrade Corporation (GTC), the leading multi-bank trade finance platform provider, announced today that they have entered into a strategic alliance. GTC and Kyriba will join forces to bring together trade finance and treasury management solutions to empower global finance leaders to better manage high volume cash and trade operations.
The comprehensive treasury solution resulting from the strategic alliance will increase visibility, improve straight through processing for payment instruments used in international trade, and optimize cash forecasting, payments management and supply chain finance for corporate treasury and finance leaders.
“Kyriba’s market leading treasury and financial management solutions combined with GTC’s ease of use and flexibility in managing trade flows in a multibank environment will help global financial executives manage the complexities of international trade,” said Jacob Katsman, CEO at GlobalTrade Corporation.
“GTC’s leading trade finance solution enables organizations world-wide to track and manage letters of credit, bank guarantees and documentary collections. With the added value of Kyriba’s treasury management solution, clients will have powerful technology to better manage cash and trade,” said Jean-Luc Robert, Chairman and CEO at Kyriba. “Kyriba’s treasury and financial management solutions automate labor intensive processes and protect against regulatory and fraud risk. The strategic alliance with GTC will empower CFOs with critical decision support so they can optimize their opportunities for growth.”
About Kyriba Corp.
Kyriba is the #1 provider of cloud treasury and financial management solutions. Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100% SaaS platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. More than 1,600 companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
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GlobalTrade Corporation (GTC) is a software developer and application service provider whose product solutions improve the world of trade finance and trade services. The @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. GTC’s customers include both business enterprises that need consolidated access to multiple banks as well as financial institutions that require supply chain finance solutions to meet their clients' needs. @GlobalTrade™ is a registered trademark of GlobalTrade Corporation. For more information please visit www.globaltradecorp.com.