KYRIBA NEW WORKING CAPITAL SOLUTIONS TO CLOSE US$3.4 TRILLION TRADE FINANCING GAP

KUALA LUMPUR, Oct 14 (Bernama) -- Kyriba (The Company) has announced the launch of new Kyriba Working Capital Solutions as part of its bold effort to close the reported US$3.4 trillion trade financing gap and help corporate buyers support all suppliers, especially at risk SME suppliers. (US$1 = RM4.150)

Kyriba, a global leader of cloud-based finance and IT solutions, further invested in its Working Capital Solutions team and is rapidly growing its marketplace of global funding partners to improve access to liquidity amid a historic disruption to international trade.

“The pandemic has created unprecedented risk in global supply chains. Suppliers are being crushed financially as they wait the additional weeks and months it now takes to get products to market,” said Kyriba Chairman and Chief Executive Officer, Jean-Luc Robert, in a statement.

“Our solutions help mobilise liquidity, injecting cash into supply chains so global suppliers receive the financial lifeline they need to survive.”

Kyriba has launched new capabilities to help buyers accelerate access to liquidity and mitigate supply chain risk with greater flexibility, certainty, and corporate responsibility.

Kyriba helps deploy liquidity from the most efficient sources at different stages of the trading relationship with supply chain finance, dynamic discounting, and a newly announced purchase order financing.

In addition, The Company’s integrated cash forecasting solution increases the precision of cash and working capital projections, enabling finance and treasury teams to optimise their use of internal and external cash pools to unlock additional liquidity for suppliers globally.

Kyriba’s Working Capital Solutions offer greater access to affordable capital for all suppliers and offer the capacity to supplement CSR and ESG programmes, enabling buyers to more easily work with businesses who are sustainability minded.

Kyriba is headquartered in San Diego, with offices in Dubai, Frankfurt, London, Minsk, Paris, Shanghai, Singapore, Tokyo, Warsaw and other major locations.

More details at www.kyriba.com.

-- BERNAMA