Kyriba vs Fyorin
Compare Fyorin and Kyriba based on global treasury management, multi-bank operations, payment capabilities, and overall accessibility. See how Fyorin offers a streamlined, cost-effective solution designed for growing global companies.
Kyriba vs Fyorin Treasury Management Capabilities Comparison
Dedicated multi-currency accounts in 100+ currencies | ||
Domestic payment routes | ||
Automated payables | ||
Bulk payments | ||
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Expense Management | * | |
Connect existing bank accounts | * | |
Unified Treasury management across different financial institutions | ||
Diversification of liquidity risk | ||
API capabilities | ||
FX Hedging | ||
Easy access to customer support | ||
Frictionless implementation | ||
Kyriba is a cash and liquidity management platform offering liquidity solutions, treasury management, ERP integrations and AI-driven forecasting. Key features also include risk management, fraud detection, and FX hedging, supported by connections to over 1,000 banks. While robust, Kyriba’s platform is often complex, requires extensive implementation and is built for companies sizeable treasury teams.
Fyorin is designed for mid-sized companies seeking streamlined treasury and unified financial operations experience. The platform combines treasury management features in a user-friendly interface, allowing businesses to manage global payments, multi-bank relationships, and diversify their treasury with ease. Unlike Kyriba, Fyorin offers direct payments from the platform, reducing costs and speeding up transactions. Fyorin is an ideal fit for global companies needing a comprehensive and scalable financial operations solution at an accessible price point.
Multi-Bank Management & Diversification
Fyorin’s platform helps businesses to consolidate their treasury and banking relationships in one place. Firstly, it enables companies to connect their pre-existing bank accounts to gain real-time visibility of their cash position and most importantly, with one onboarding and one login, it allows them to open new bank accounts to easily access new markets and diversify their liquidity risk. This simplifies the management of multiple banking relationships and improves efficiency—a valuable asset for companies looking to expand internationally without the hassle of managing complex bank integrations. Kyriba’s treasury management on the other hand relies on bank connections exclusively meaning businesses still need to find new banking partners should they wish to expand or diversify which may slow down operations.
Direct Global Payment Capabilities
Fyorin simplifies global payments by processing transactions directly from the platform in 100+ currencies. This eliminates the need to log into the banking platform or rely on banking intermediaries. This direct payment feature not only reduces transaction costs but also ensures faster transaction processing times, which improves cash flow. By contrast, Kyriba relies heavily on external bank connectivity and lacks built-in payment processing, which may result in additional fees and delays.
Unified Financial Operations for Growing Businesses
While Kyriba offers highly advanced treasury features like FX hedging, derivative support, and investment tracking, Fyorin focuses on the unified financial operations capabilities that growing businesses absolutely need. Apart from treasury management, from the same platform companies can access automated accounts payable and receivable, expense management with high limit corporate cards and cash back.
User-Friendliness and Scalability
Kyriba’s platform, while robust, is built with large enterprises in mind, often resulting in complex workflows and long implementation timelines. Fyorin offers a more accessible solution for growing businesses, with an intuitive interface that includes all important cash and treasury management features—without the overwhelming complexity. Businesses can enjoy a more efficient onboarding process as well as quick set up thanks to native integrations and single APIs.
Why Choose Fyorin as a Kyriba Alternative?
