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BlackLine and Kyriba announce new partnership

Wednesday 21st July, 2021

BlackLine and Kyriba have announced that they are joining forces to streamline the digitalisation of the Office of the CFO and improve collaboration between Finance and Treasury departments. 

The partnership offers enhanced capabilities for mutual customers through their integrated solutions to accelerate bank connectivity, increasing cash visibility and enabling greater automation within the financial close and accounts receivable processes.

BlackLine and Kyriba help companies adapt and respond to the changing landscape by streamlining processes, enhancing data integrity, optimising cash and liquidity management, and automating repetitive work to transform traditional close processes.

“With our new partnership, BlackLine provides Kyriba customers with market-leading solutions that fuel treasury teams with real-time, reliable and data-backed analytics to automate bank reconciliation and other key financial close and accounts receivable processes.  At the same time, BlackLine customers can now leverage Kyriba's extensive network of global banking relationships to streamline bank connectivity,'' said Mel Zeledon, senior vice president of Channels & Alliances at BlackLine.  “The digitalisation of the finance and accounting tech-suite is accelerating and our partnership with Kyriba is an exciting example of how best-of-breed solutions can deliver immediate strategic benefits.”

“Kyriba unlocks rapid integration capabilities with its innovation in connectivity and has created new ecosystems of value through global partnerships,” said Joe Marcin, chief revenue officer at Kyriba. “Coupling Kyriba’s innovative treasury capabilities with BlackLine’s market-leading financial close and accounts receivable automation solutions is a natural evolution in financial close, analysis and reporting. We are excited to bring Finance and Treasury closer through our partnership with BlackLine and drive strategic value for the Office of the CFO.”

Mutual customers of Kyriba and BlackLine now have access to complementary solutions for bank connectivity, payments automation and intercompany accounting.

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