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Kyriba is an industry leader in cloud treasury and finance. Since its founding in 2000, the company has delivered mission-critical capabilities for risk management, payments, and working capital solutions. Kyriba has offices in New York, Paris, London, Frankfurt, Tokyo, Dubai, Singapore, Shanghai, and Warsaw. Operating in many niches, which include SaaS, Risk Management, and Supply Chain Finance, Kyriba brings top-notch B2B solutions to more than 2,000 clients worldwide.
The company focuses on getting 100% cash visibility, and achieving better FX (foreign exchange) loss management and fraud reduction. This enables its clients to make faster decisions through improved insight and intelligence. To keep driving sustainable growth and to extend their in-house engineering capabilities, Kyriba decided to opt for outstaffing, which turned the client toward Avenga.
Avenga can ramp up their team quickly and manages team turnover very well. They invest in their team to ensure they deliver for their client — they relocated teammates to Poland during the Russian invasion of Ukraine. They work in agile methodologies and the partners communicate daily.
Hussein Jibaoui
VP Quality Engineering & Release Management, Kyriba
Kyriba’s pioneering business feature, Active Liquidity Network (ALN), allows end-users to translate liquidity into a dynamic real-time vehicle for growth and value creation. ALN connects internal applications for treasury, risk, payments, and working capital with vital external sources like banks, ERPs (Enterprise Resource Planning), trading platforms, and market data providers. This distinct business feature enables end-users to maximize growth opportunities, manage losses more effectively, and protect themselves from fraud.
The company was looking to expand ALN and the overall volume of services Kyriba offers. In particular, they wanted to add:
Kyriba chose Avenga, a seasoned software development vendor, to assist in making its underlying framework more effective, efficient, and seamless.
Java17, React, Spring Boot, RabbitMQ, PostgreSQL, Oracle, Splunk, and Wavefront
Kyriba is an industry leader in cloud treasury and finance. It delivers mission-critical capabilities for risk management, payments, and working capital solutions. With more than 2,000 clients worldwide, Kyriba empowers CFOs and their teams to activate liquidity and value creation.
The partnership between Avenga and Kyriba was defined by various aspects of the outstaffing cooperation model. In short, it meant that Avenga, a vendor supplementing Kyriba’s existing in-house development team, required each project to have additional remote specialists.
In general, Avenga offered outstaffing services. More specifically, Avenga delivered eight different teams, which primarily worked with Java, UI, and QA. We delivered the following services: API integration, backend software development, microservices building, consultation, UI/UX design, graphic design, team management, performance testing optimization, and automated testing.
In total, Avenga completed eight projects. They are: LIQPLAN FSI (Liquidity Planning Tool), BankAPI, ERP API, API Gateway, UI/UX design, Performance Testing, Portal Documentation, and a New Sales Model. Avenga integrated 15 new banks into Kyriba’s system and created an additional 15 microservices that establish a link between the client’s product and various ERPs.
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