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Fintech, DeFi, Blockchain, Web3 Daily News by Finyear

Hunt Companies Selects Kyriba for Treasury Management and Full Bank Connectivity

Kyriba, the global leader in cloud-based Proactive Treasury Management, will deploy its award-winning software-as-a-service (SaaS) treasury management platform for Hunt Companies Inc. (Hunt), a national developer, investor and manager of real estate assets. Hunt will implement a broad range of Kyriba’s solutions, including bank connectivity, cash management and forecasting, bank account management and bank fee analysis, and payment management.

Hunt will implement Kyriba to replace its two existing treasury management systems, following the company’s recent acquisition of the commercial mortgage lender Centerline Capital Group, which has been rebranded as Hunt Mortgage Group. Kyriba will set up and provide ongoing monitoring and maintenance of connectivity with more than 700 bank accounts across Hunt’s five North American banking partners. This will give Hunt complete, comprehensive visibility of its cash position and forecasting, enabling it to make smarter, more informed business decisions about its investment portfolio and strategy.

“One of our key selection criteria was the ability to streamline and improve our bank connectivity and payments, and Kyriba was the clear leader in this area,” said David Miller, Senior Vice President and Treasurer at Hunt. “Not only can Kyriba set up our bank connectivity quickly and easily, but by monitoring and managing our bank connectivity throughout the relationship, can also save us a lot of time and energy. In addition, Kyriba will enable us to enhance and standardize our payment processes, which will help us to improve payment controls, as well as provide significant time and cost savings.”

“Hunt shares many of the attributes seen across our client base, in that it needed to replace two disparate and aging treasury platforms, while improving existing processes,” said Jean-Luc Robert, Chairman and CEO of Kyriba. “Kyriba has a long track record working with our 900+ clients to make their treasury and payment operations run more securely and smoothly. We look forward to enabling Hunt’s treasury team to become more strategic by removing many of the headaches traditionally associated with managing cash and connectivity across several hundred bank accounts.”

About Hunt
Hunt Companies, Inc. is a national developer, investor and manager of real assets providing a broad range of services to public and private sector clients. Founded in 1947 and headquartered in El Paso, Texas, Hunt has more than 1,200 employees. Together, Hunt and its affiliates have $26.3 billion in assets under management, including 271,770 multifamily units and 5.1 million square feet of office, retail and industrial properties. Hunt has offices throughout the United States, including Atlanta, Boston, Chicago, Columbia (SC), Dallas, Denver, El Paso, Honolulu, Los Angeles, Miami, New York, Philadelphia, Sacramento, San Francisco and Washington, D.C., and international offices in Abu Dhabi, London and Mexico City.

About Kyriba
Kyriba is the global leader in cloud-based Proactive Treasury Management. CFOs, treasurers and finance leaders rely on Kyriba to optimize their cash, manage their risk, and work their capital. Our award-winning, secure, and scalable SaaS treasury, bank connectivity, risk management and supply chain finance solutions enable some of the world’s largest and most respected organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance.

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Mercredi 10 Décembre 2014