Kyriba recently announced the release of Kyriba App Studio, a new solution that enables companies to overcome liquidity gridlock with the power of AI. This new platform streamlines integrations, simplifies API adoption, and helps finance teams to automate essential connectivity workflows.
As part of Kyriba’s overall Connectivity-as-a-Service offering, Kyriba App Studio is designed to help CFOs and their teams optimize operations through a low-code solution that democratizes important financial capabilities for those who do not have significant technical expertise.
“Finance leaders often struggle to gain insights into cash positions, especially during acquisitions or economic downturns. Fragmented data and disconnected systems, what we call Liquidity Gridlock, worsen this. We’re helping lower the barriers to API adoption for our customers and solve these issues with GenAI and a low-code platform, enabling finance teams to create system integrations quickly, without coding expertise, in a secure environment,” said Boris Lipiainen, Chief Technology and Product Officer at Kyriba.
Kyriba App Studio makes it easy for companies to operate in an increasingly data-driven environment by offering real-time insights through integrations with multiple data sources. SAP, other ERPs, and software that supports APIs can use the solution to generate and transmit information like payment requests and cash forecasts. Additionally, it can retrieve other important data like accounts or payment status that can be converted to meet customer requirements. Security and compliance were a priority for Kyriba when creating Kyriba App Studio, and the platform infuses authentication and encryption protocols to meet all applicable requirements.
Meeting the market
Finance teams are under significant pressure to deliver real-time insights and ensure that they are proactive rather than reactive. SAPinsider’s recent AI & Automation in Finance benchmark research report found that the need to improve accuracy and efficiency of current business processes was one of the top drivers affecting how companies approached their financial workflows.
Kyriba App Studio helps companies overcome some of the clunky, manual workflows that slow down their ability to both gather insights and execute operations based on that information. By making it simple for users to initiate customized workflows, they are able to better meet specific business needs. This not only cuts down on the time it takes to accomplish important financial tasks, but helps organizations meet their overall business goals through improved operations and efficiency.
“CFOs and Treasurers rely on SaaS solutions for daily tasks and smooth data integration between apps,” said Felix Grevy, VP of Product, Open API and Connectivity at Kyriba. “Before Kyriba App Studio, customers had to manually create data mapping programs, set up their own monitoring tools, and handle API calls. Kyriba App Studio’s innovative AI features automate these tasks, remove the need to own and operate transformation and execution, while simplifying and streamlining mundane processes for customers.”
