KUALA LUMPUR, Sept 12 (Bernama) -- Kyriba Corp. has launched a new lease accounting solution, enabling accounting teams, corporate treasurers, CFOs and other senior financial executives to better mitigate risk through the centralised tracking of all corporate leases.
“Combined with recently announced capabilities for real-time fraud detection, advanced hedge accounting, multi-lateral netting and cash management, the development of the lease accounting solution demonstrates Kyriba’s commitment to meeting the evolving needs of senior finance leaders,” said vice-president of Strategy at Kyriba, Bob Stark.
Kyriba’s new module allows for rapid consolidation of lease data, auditable workflows and automated calculations to simplify ongoing compliance overhead.
It also can be subscribed separately or in conjunction with award-winning capabilities for cash and risk management, payments and working capital, a statement said.
Key features of the new module include data exchange import and/or copy and paste from Excel, document attachment for full visibility and auditability of lease details, automatic calculation and reporting of values for asset, liability and depreciation and others.
Kyriba is a global provider of cloud treasury and financial management solutions. The company is also the first treasury management vendor to offer lease accounting functionality as part of an integrated platform. More details at www.kyriba.com.
-- BERNAMA
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