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Columbia Sportswear selects Kyriba
02
Jan '08
Kyriba Corporation, the innovator and leader of web-based cash and treasury management solutions, announced that Columbia Sportswear has selected Kyriba's real-time, on-demand cash and treasury management solution for their global treasury management needs.

Columbia Sportswear Company is a global leader in the design, sourcing, marketing and distribution of active outdoor apparel. As one of the largest outerwear brands manufacturers in the world and a leading seller of skiwear in the United States, Columbia has developed an international reputation across an expanding product line for quality, performance, functionality and value.

“We are very excited that Columbia Sportswear chose Kyriba to provide a global treasury management solution” stated Scott Montigelli, Vice President of Business Development for Kyriba Corporation. “Kyriba's web-based platform will provide the real-time visibility of cash and liquidity for Columbia enterprise-wide, while allowing more control and straight-through processing across various regions and multiple systems.”

Kyriba's state-of-the-art cash and treasury management solutions are flexible and scalable to evolve as a company's needs expand. Customers use the automated online system to better control their daily cash management tasks including bank balances, transaction reporting, payments, cash positioning / forecasting, automated general ledger posting and investment portfolio reporting.

The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba's daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements and provides seamless integration with third-party applications.

Kyriba Corporation


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