Kyriba has announced its partnership with international airline Riyadh Air to help it automate and streamline its treasury management processes, as it embarks on a growth journey in the aviation sector.
Using Kyriba’s end-to-end SaaS treasury management solution, Riyadh Air will use advanced AI, machine learning and API capabilities to gain full visibility and control of financial operations, strengthen bank relationships and boost decision-making.
Riyadh Air is motivated to scale its operations to meet the growing demands of Saudi Arabia and global aviation markets with the partnership reflecting the duo’s commitment to innovation.
Kyriba’s robust treasury automation platform provides Riyadh Air with the tools needed to navigate and optimize its financial operations at scale, marking a pivotal step in its growth journey.
Amer Chebaro, regional lead of Central & East Europe, Middle East and Africa at Kyriba, said: “We are thrilled to partner with Riyadh Air, a visionary leader in the Middle Eastern aviation industry. This collaboration showcases Kyriba’s strength in delivering comprehensive, scalable solutions that meet the demands of high-growth organizations.
“Together, we’re advancing treasury management standards in the aviation industry, providing Riyadh Air with the tools needed to achieve their ambitious goals.”
The integration of Kyriba’s AI-driven treasury solution is expected to contribute to Riyadh Air’s financial processes with advanced automation, reducing manual tasks, improving cash visibility and enabling precise financial forecasting.
Daniel Tromans, group treasurer of Riyadh Air, also commented on the development: “As Riyadh Air continues to expand and transform the aviation landscape, automating our treasury management process is a critical milestone.”
He added: “Kyriba’s advanced technology and deep expertise in financial automation provide us with the capabilities to enhance efficiency and deliver on our vision of global leadership in aviation.”
The collaboration emphasizes Kyriba’s capacity to support large-scale, complex organizations and their leadership in treasury and finance automation.
Kyriba recently announced the release of its Kyriba App Studio to assist companies in overcoming liquidity gridlock with AI. The new platform works to streamline integrations, simplify API adoption and help finance teams automate essential connectivity workflows.
