Kyriba, a provider of cloud-based finance solutions, will be working on providing its platform solutions and services to RBC, supporting the bank’s ongoing innovation journey in supply chain finance as the bank helps its business clients optimize its working capital and cash conversion.
Kyriba’s cloud platform provides institutions with payables and receivables finance management solutions to support their business clients’ working capital needs. Further, Kyriba’s OpenAPI platform and technology integration with more than 1,000 financial institutions globally accelerates time to market and enables a more seamless integration of real-time transactions to streamline the execution of working capital programs and onboarding of suppliers and customers.
“With the cost of capital continuing to rise, it is critical that corporate finance teams unlock cash flow within their payables and receivables,” Edi Poloniato, global head of banking solutions at Kyriba, said. “We look forward to working with RBC to offer Canadian companies with new pathways to enhance their liquidity using innovative working capital solutions, thus strengthening their supplier and customer relationships.”
“Optimizing working capital and liquidity with greater speed, efficiency and integration with diverse platforms is critical to the success of large enterprises,” Lisa Lansdowne-Higgins, senior vice president, business transformation and deposits at RBC, said. “By working with Kyriba, we look forward to providing our business clients with a more robust suite of supply chain finance solutions to enhance their working capital positions.”
