2020 kyriba payment_network

Copyright © 2020 Kyriba Corp. All rights reserved.
March 24, 2020
Kyriba Payments Network
The new generation Payment Factory!
Guillaume METMAN – VP Product Payments
Clément SAUVARD – Senior Solution Engineer

Agenda
1- Introduction : Context & Challenges
2- Kyriba Payments Network offer
3- Platform demonstration
4- About Kyriba

Offer
(Solution vendors)
Demand
(Corporates)
Economic and
financial context
Regulation
Technology
Society
Changes
Psychological
Influences
Regulations
(PSD2, SOX…)
New technologies
(AI, Machine learning,
API’s,…)
Obsolescence (eg ERP)
Digital transformation
Cyber security
Real time
Cloud
Mobility
Globalization
Visibility
Cost control and savings
Risk management (Fraud)
AGILITY
CLOUD
Payment Factory
Projects in response to the context in which companies operate

The challenges of companies in managing the payment cycle
What are your main challenges in
your payment processes?
Source: Strategic Treasurer_Kyriba_Global Payments Survey_2019
What are the primary reasons for improving
payments automation within your
organization?
Source: CFO.com, 2019

A new approach for new
challenges
The new generation Payment Factory!

How to carry out a Payment Factory project?
What is a Payment Factory?
A Payment Factory is a concept that covers various ways to centralize payment
management processes within a complex organization. Based on the principle of
sharing technical resources, a Payment Factory can take different forms depending
on the organization, the processes to be implemented, the capabilities of the
technical solutions of the client’s information systems, but also the expected
objectives.
Whichever the context, the objectives will have to translate into better control of
risks and costs as well as more efficiency in the payment processing cycle.
14 % of large companies in France centralize their cross-border
payments. Very few groups go beyond sharing their banking
communication
It is not just about
choosing a solution
Organization
Process
Solution

Why build a Payment Factory?
The main challenges
§ SECURITY
Facing ever-increasing threats, the finance department must implement the most effective mechanisms to fight against
fraud and in order to protect the interests of the companies, whether they relate to the image, the finances or other
interests.
§ COMPLIANCE
In order to meet audit and compliance requirements, finance teams are forced to strengthen controls and indicators on
the payment cycles. The quality and timing for producing information are key elements.
§ VISIBILITY
Measuring the direct impact of your expenditures on the cash, better controlling your WCR, orienting your payment flows
easily, or even monitoring the status of a payment orders in real time are all elements that allow you to have more
visibility and therefore more control over your activity.
§ EFFICIENCY
Automating the entire payment processing chain and being able to follow the international development of the company
without heavy investment or over-mobilization of teams are major challenges in terms of efficiency. These are challenges
that find an appropriate solution thanks to standardization and the “as-a-service" new standards.
§ COST CONTROL
Optimizing costs remains one of the top priorities for managers. Internal and external costs, bank fees, maintenance,
development, obsolescence... All these elements must be controlled and optimized within the framework of the
implementation of a Payment Factory.

Adopt a new generation of 100% Cloud solution with Kyriba Payments
Network. A new way to implement your Payment Factory with additional
security, compliance, visibility and efficiency.

Kyriba Payments Network - Overview
Process & Control
International
Banks
Customer
Information System
Format Factory
as a Service
Data Lake
Bank Connectivity
As a Services
ConnectivityServices
Approval Workflow Tracking& Monitoring
• Third party database
• Data enrichment
• Multi-type Payment Management
• Checks management
• Controls on bank accounts
• Consistency controls + enrichment (BIC)
• Rule-based smart account assignment
• Automatic forecast generation
• « Payment on behalf of » / POBO
• Real-time payments
• Dual Administration
configuration
• Exception management
• Profil management
• Multilevel validation workflows
• Internal Signature (pwd/key)
• External Signature (3SKeys)
• Mobile validation (app)
• Reception and management
of acknowledgements (PSR –
4 levels)
• Real-time tracking - Swift GPI
• Monitoring
• Audit Trail
• Payment Dashboard /
statuses
Local protocols:
• Ebics T/TS (FR, Germany)
• Editran (Spain)
• Zengin (Japan)
• Bacs (Uk)
• …/…
• Security
• Compliance
• Visibility
• EfficiencySupply Chain
Finance
Cross Border
Payment
Direct debits
SEPA mandates
• Cost control
Bank Account
Management & BFA
Netting
Fraud & Compliance
Management
Advanced
Analytics (BI)
Payment
Builder

Format as a Service
Do not let exchange formats be an obstacle to your international development,
adopt a new approach: formats as a service. Speed, reliability, simplicity… All of
this, free of charge!

Formats as a Service
Kyriba has real know-how in terms of format development. Thanks to our dedicated team and our wide community of customers all over the world, we
have been able to build a unique catalog of ready-to-use formats. This library, shared with all of our customers, continues to grow as our projects continue
to grow. Our value proposition is based on experience and sharing, which means that new formats are made available to our entire customer community
free of charge.
250 Formats available
•Generation & Routing
•Credit Transfers & Direct Debits
•Checks, Draft
•Notice to Receive
•Bank Statements
•Bank Fees
•Payment Acknowledgment
•Debit / Credit Notifications
•SCF
•FT
800 format variants
•Formats divided into:
•The Operation Types of the Matrix
(Book, Check, Confirming, Credit
Transfer & Direct Debits)
•Scope: Domestic & International &
SEPA
•Priority: Urgent, Non Urgent,
Treasury
•XMLPain per Bank (43 variants)
40 000 payment profiles in
production
•Bank
•Scope (Domestic, International, SEPA)
•Priority (Not Urgent, Urgent,
Treasury)
•Operation Type (Book, Check,
Confirming, Notice to Receive, Credit
Transfer & Direct Debit)
•Currency (Same & Cross currency)
•Initiating & Receiving Country
•Format & Subformat
Example in Catalogue
• Format: XML Pain
• Format: EDI820 / BONY
Example in Catalogue
• Format: XML Pain / JPMC for a Credit
Transfer Domestic Non Urgent
transaction
• Format: EDI820 / BONY & Subformat:
Fedwire for a Credit Transfer
Domestic Urgent transaction
Example on Production
• JPMC – Domestic – Non urgent – Credit
Transfer – Same Currency – From GB to
GB – XMLPain – XMLPain_03
• BONY – Domestic – Urgent – Credit
Transfer – Same currency – from US to
US - EDI820 / BONY - Fedwire
136
countries have
initiated
payments
2018:
114 countries
+ 22
countries
in 1 year
2019:
136 countries
222
countries have
received
payments
2018:
220 countries
+ 2
countries
in 1 year
2019:
222 countries
Where are your payments
going?
Where do your payments come
from?
Financial savings, time savings, security, control

Connectivity as a Service
One of the main challenges of your Payment Factory is to be able to
dialogue in complete safety, transparency and simplicity with your banking
partners around the world. Find out how Kyriba can help.

Connectivity as a Service
FTX
SFTP / FTPS
Zengin
• Direct connections
(host-to-host)
• Domestic protocols
• SWIFTNet
international
network
PeSIT
Swift Service Bureau
Swift Alliance Lite 2
§ Simplicity
§ Transparency
§ Responsability
§ Expertise
ConnectivityasaService
Kyriba offers financial managers to simplify, streamline and secure exchanges
with all of their banking partners around the world.
Automating, monitoring, securing

Fraud & Compliance Management
Standardizing controls and screening against payment policy & sanction lists,
identifying payment anomalies.... Turn your Payment Factory into an
impregnable fortress

Routing of
payment files (in
bank format)
Payment integration
from ERPs
Payment Module
?
Fraud Detection
Fraud & Compliance Module
Your customized rules
Machine Learning
Sanction List
Screening
Validation / WF
Supplier Account
verification
Fraud & Compliance
Objectifs: centralized cockpit to detect potential fraud and compliance breach in real time, before it happens
and analyze them seamlessly
Benefits: productivity, financial gains, security
Connectors
§ Duplicated payments
§ 1st payment to a bank account
§ Payment to a high-risk country
§ Breach in limits (payment, count)
§ Abnormal user modifications (ML)
§ Modification of a sensitive field
§ Fraudulous IBAN
Examples of detection methods

Bank Account Management
Track your accounts and the bank delegations of all signers within your group
with simplicity. Communicate with your banks and make sure you are in
compliance with your internal audit and security rules

Bank Account Management
Goals: monitor banking authorities across the entire perimeter, update them with simplicity, secure
processing and facilitate audits
Benefits: traceability, efficiency, security
Interoperability with payment rights
management
SYNCH
§ Management of bank account openings and closings
§ Management and monitoring of authorities on bank accounts allocated to employees of
your company / group (signing of checks, transfers, etc.)
§ Reporting FBAR ( Foreign Bank and Financial Accounts - US)
(Example of bank letter)
Individuals Rights Accounts
- Users
- Approvers
- Signers
- Authorities
+
- Groups
Types of rights
- Cheque approval
- Opening/Closing
accounts
- Loan confirmation
- Manual Signature
- Digital Signature
Rules defined per:
- Company
- Bank
- Combination
Company / Bank
- Bank accounts
Business Rules + Reporting

Netting
Reduce the number of intra-group payments, as well as your bank
charges and make your teams more efficient by setting up netting
processes in your Payment Factory.

Netting of intra-group invoices
Goals: set up a process to net intra-group invoices while respecting internal rules in order to facilitate the
monitoring of these processes and associated payments
Benefits: increased productivity, reduced bank fees, controls
Without using the Netting module Using the Netting module
Generation of unitary payment
orders corresponding to the
netting result

Payment Builder
Validation, payment order orientation, arbitrations, visibility. Take back
control on your settlement campaigns for more efficiency and optimized
cost control

Payment Builder
Goals: generate payment orders from imported invoices based on configurable rules and with a 1st level of validation
Benefits: more visibility and flexibility in the payment generation process with the option of selecting
invoices according to the amount of available cash to pay. Suppliers can view their invoices and payments
Controls & workflow
Dedicated portal for your
suppliers
§ Automatic integration of invoices
§ Integration controls
§ Validation workflow
§ Generation of multi-invoice orders
ERP

Supply Chain Finance
Offer early payments to your suppliers and give them visibility on their
settlements, while optimizing your working capital or the profitability of your cash?
Supply Chain Finance programs respond to these challenges.

Working Capital – Supplier Early Payment Programs
Goals: allow your suppliers to benefit from early payment programs at attractive financial conditions
Benefits: optimizing supplier relationships, financial gains, working capital optimization
Responsible sourcing
S / R relationship
management
Repurchase of shares
Payment of dividends
Debt reduction
ST investment
Profitability
Growth
(buyout, merger,….)
EBITDA /
Gross margin
Free Cash Flow
COGS
(Cost of goods
sold)
SCF and DD
Early payments to suppliers
Working Capital
Discounts
Optimization of
payment
conditions
Excess of Cash
Extends payment terms for the buyer
while offering suppliers to be paid in
advance thanks to external funding
(financial institutions)
Dynamic
Discounting
Supply Chain
Finance
Gain profit from your free cash by offering
early payments to your suppliers in
exchange of discounts on the initial
invoices

Cross Border Payment
Reduce your currency exchange costs by concentrating your payments in
foreign currencies to obtain the best pricing conditions and more visibility

Cross Border Payment
Goals: control your exchange rate costs on cross border payments in foreign currencies and have more visibility on them
Benefits: Steady exchange margin, competitive exchange rates, reduced bank fees
Issuing bank
Vendor receives the
payment
Taxes paid
Supplier or
employee paid
Global Workflow
§ 1. A file is sent to our partner
(WorldFirst) with details of beneficiaries
and orders
§ 2. A transfer is initiated in the
background by Kyriba to the issuing bank
for the amount of the file

Analytics & KPI’s
Manage your activity easily with advanced analytics and go deeper in your
analysis by customizing your dashboards. Communicate and share your
information easily for faster and wiser decision-making

KPI & Analytics - Payments
Goals: use the full value of your financial data to have better visibility on the management of your payments activity
Benefits: activity monitoring, traceability, controls, productivity, financial gains
Main topics covered
§ What is the nature of my payments and
what are the transfers?
§ What are the most used accounts?
§ Which users execute payments and who
approves them?
§ Generated & routed payments
§ Banks and branches
§ Accounts
§ Issuing companies
§ Third Parties
§ Batches and files
§ Currencies
§ Users
Données disponibles

Kyriba Payments Network: ERP migration project accelerator
The main ERP providers have undertaken a migration process towards a new generation of solutions. The impacts are significant for
companies in terms of time, costs, risks, etc. With Kyriba Payments Network, Kyriba provides an answer adapted to this challenging
context, and facilitates deployments through the use of dedicated connectors.
Why integrate Kyriba in these migration projects?
§ Reduce costs and migration duration
§ Better control your project and the associated risks
§ Ease potential enhancements while integrating innovation
§ Increase security on your payment processes

Summary of challenges
Netting
Kyriba Payments
Network• Security
• Compliance
• Visibility
• Efficiency
• Cost Control
Kyriba Payments
Network
Kyriba Payments
Network
Kyriba Payments
Network
Kyriba Payments
Network
Netting
Netting
Bank Account
Management & BFA
Fraud & Compliance
Management
Advanced
Analytics (BI)
Payment
Builder
Supply Chain
Finance
Cross Border
Payment
Direct debits
SEPA mandates
Bank Account
Management & BFA
Payment
Builder
Payment
Builder
Advanced
Analytics (BI)
Cross Border
Payment
Bank Account
Management & BFA
Fraud & Compliance
Management
Advanced
Analytics (BI)
Fraud & Compliance
Management

#1 provider of cloud treasury
and financial management
solutions

Kyriba by the numbers

COMPANY
Value
SOLUTION
ECOSYSTEM
PEOPLE & SERVICES
Kyriba’s value proposition

Manufacturing Financial services Services
Transportation Energy Technology
Retail
Our ambassadors
Participations
Luxurious goods

facebook.com/kyribacorp
twitter.com/kyribacorp
linkedin.com/company/kyriba-corporation
youtube.com/kyribacorp
slideshare.com/kyribacorp
blog.com/kyriba
infokyriba@kyriba.com?

2020 kyriba payment_network

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