SAN DIEGO, Dec 14 (Bernama-BUSINESS WIRE) — Kyriba, the global leader in cloud-based financial and IT solutions, has today announced the launch of Kyriba Receivables Finance. The solution provides finance teams with greater control over factoring or securitization programs as well as enabling selective invoice financing. The multi-funder solution integrates all vendor programs into a single platform, providing a real-time overview of credit facilities, utilization, limits, and program performance.
“A lot of companies die despite their profitability, because they don’t have the tools to manage or inject cash into their company. In 2023, corporate insolvencies are expected to grow by +19% globally¹ , due to higher energy prices, and rising interest rates and wages. The speed with which companies can convert their receivables is essential for their survival: the faster the conversion, the less working capital required to support the business,” said Bob Stark, VP Strategic Marketing, Kyriba.