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Columbia Sportswear selects Kyriba for their Cash and Treasury Management Solution


Kyriba Corporation, the innovator and leader of web-based cash and treasury management solutions, announced today that Columbia Sportswear has selected Kyriba’s real-time, on-demand cash and treasury management solution for their global treasury management needs.



columbia Sportswear Company is a global leader in the design, sourcing, marketing and distribution of active outdoor apparel. As one of the largest outerwear brands manufacturers in the world and a leading seller of skiwear in the United States, Columbia has developed an international reputation across an expanding product line for quality, performance, functionality and value.

“We are very excited that Columbia Sportswear chose Kyriba to provide a global treasury management solution” stated Scott Montigelli, Vice President of Business Development for Kyriba Corporation. “Kyriba’s web-based platform will provide the real-time visibility of cash and liquidity for Columbia enterprise-wide, while allowing more control and straight-through processing across various regions and multiple systems.”

Kyriba’s state-of-the-art cash and treasury management solutions are flexible and scalable to evolve as a company’s needs expand. Customers use the automated online system to better control their daily cash management tasks including bank balances, transaction reporting, payments, cash positioning / forecasting, automated general ledger posting and investment portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba’s daily bank connectivity monitoring service. The solution also meets stringent Sarbanes- Oxley 404 audit trail, workflow, and control requirements and provides seamless integration with thirdparty applications.

About Kyriba Corporation
Founded in 2000, Kyriba Corporation empowers customers to achieve an economic advantage with treasury solutions that enhance visibility and operational control. Corporate clients include Interpublic Group of Companies, Liz Claiborne, ExpressJet, Kronos, Colas S.A., and Peugeot. As a market leader in real-time, web-based on-demand Cash Management solutions, Kyriba’s affordable tools and services put customers in control of their liquidity, forecasting and treasury management while meeting Sarbanes-Oxley 404 audit trail, workflow, and control requirements. Corporate headquarters are in San Diego, CA, with a European head office based in Paris.

About Columbia Sportswear
Founded in 1938, Columbia Sportswear Company™ has grown from a small family-owned hat distributorship to one of the world's largest outerwear brands and the leading seller of skiwear in the United States. In 2006, the Company reported record net sales of nearly $1.29 billion. Columbia's extensive product line includes a wide variety of outerwear, sportswear, rugged footwear and accessories. They are renowned for developing innovative products that are functional, stylish and offer great value.

www.kyriba.com

Lundi 17 Décembre 2007
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