Technology integration enables faster execution of cash investments
for CFOs and Treasurers based on accurate, real-time visibility into
global cash positions
NEW YORK--(BUSINESS WIRE)--
Kyriba,
the #1 global provider of cloud treasury and financial management
solutions, and BlackRock, Inc. (NYSE:BLK), a global leader in investment
management, risk management and advisory services, announce a strategic
partnership that will leverage both firms’ technologies to simplify
their clients’ cash management processes.
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The partnership means faster and smarter execution of cash investments
for CFOs and corporate treasurers. Kyriba’s technology provides its
users with the real-time visibility and reporting they need to
understand their portfolio and global cash positions. Clients can then
seamlessly allocate cash to a variety of money market funds through
BlackRock’s integrated trading platform.
“At BlackRock we are committed to leveraging technology to deliver
better performance for our clients. This partnership is a natural next
step in that strategy, leveraging technology enabled by Cachematrix,
which we acquired last summer,” said Thomas Callahan, Global Head of
Cash Management at BlackRock. “With Kyriba’s leading financial
management solutions aligned to BlackRock’s portfolio of investment
options, we will simplify the investing process for our clients and
broaden the distribution of our cash funds.”
Kyriba’s innovative cash management solutions gives its clients clear
visibility into their cash positions worldwide and enables greater
confidence for CFOs and treasurers in their cash flow performance.
Kyriba delivers the structure and control to access and mobilize
intercompany cash balances toward investments that propel growth.
“Proper liquidity management optimization is now critical for modern
CFOs who are looking to achieve aggressive performance goals in a highly
volatile global market,” said Jean-Luc Robert, Chairman and CEO at
Kyriba. “Our partnership with Blackrock, one of the largest and most
respected asset management firms in the world, empowers senior finance
executives to be more agile and efficient than ever before in executing
the right investment decisions to drive growth. We look forward to
delivering this joint solution to the market.”
“Kyriba’s partner ecosystem brings together leading solutions all on one
platform in order to drive value for our clients,” said Karthik
Manimozhi, EVP Worldwide Alliances and Channel Sales at Kyriba. “Our
partnership with BlackRock provides a modern liquidity performance
platform that enables our clients to see and then invest their cash.”
To learn more about Kyriba, visit www.kyriba.com.
About Kyriba Corp.
Kyriba is the #1 provider of cloud treasury and financial management
solutions. Kyriba empowers financial leaders and their teams with
award-winning solutions for cash and risk management, payments and
supply chain finance. Kyriba delivers a highly secure, 100% SaaS
enterprise platform, superior bank connectivity and a seamlessly
integrated solution set for tackling today’s most complex financial
challenges. More than 1,800 companies, including many of the world’s
largest organizations, rely on Kyriba to streamline key processes,
protect against loss from fraud and cybercrime, and accelerate growth
opportunities through improved decision support. Kyriba is headquartered
in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and
other major locations. For more information, visit www.kyriba.com.
About BlackRock
BlackRock helps investors build better financial futures. As a fiduciary
to our clients, we provide the investment and technology solutions they
need when planning for their most important goals. As of December 31,
2017, the firm managed approximately $6.288 trillion in assets on behalf
of investors worldwide. For additional information on BlackRock, please
visit www.blackrock.com
| Twitter: @blackrock
| Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180306005623/en/
Media Contact, Kyriba
Daniel Shaffer, +1 858-263-2218
dshaffer@kyriba.com
or
Media
Contact, BlackRock
Tara McDonnell, +1 212-810-5337
tara.mcdonnell@blackrock.com
Source: BlackRock, Inc.