Global Headwinds Cost North American Companies More Than $11 Billion in FX Losses in Latest Quarter, According to New Kyriba Report
Summary
CFOs who dismissed this problem as a temporary wave of market drama have unnecessarily cost their shareholders and need to reconsider their strategy,” said Wolfgang Koester, Chief Evangelist for Kyriba. The solution is part of a larger cloud network designed to help CFOs and their teams better activate and protect their global cash and liquidity to achieve better financial outcomes. Kyriba’s pioneering Active Liquidity Network connects internal applications for treasury, risk, payments and working capital, with vital external sources such as banks, ERPs, trading platforms, and market data providers. Based on a secure, highly scalable SaaS platform that leverages artificial and business intelligence, Kyriba enables thousands of companies worldwide to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce costs through advanced automation. Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Tokyo, Dubai, Singapore, Shanghai and other major locations.