Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, announced today that client EmblemHealth experienced improvements in cash forecasting and advanced cash management, as well as increased payment security using Kyriba treasury and connectivity solutions. EmblemHealth is now better positioned to prioritize strategic operations with the same head count, which will add bottom-line value to the organization.
EmblemHealth is one of the nation’s largest nonprofit health plans, serving 3.1 million people who live and work across the New York tristate area. In 2014, EmblemHealth reported their initial benefits from Kyriba. These benefits continue demonstrating the evolution of strategic value with additional cloud-based, modular solutions from Kyriba.
“The accuracy and efficiency of our cash position allows for increased opportunities to optimize working capital metrics, such as making investments earlier in the day or reducing the cash conversion cycle,” said Charlton Correa, Treasury Manager for EmblemHealth. “We have streamlined payments and have more control over who is entering the wires.”
“Emblem Health operates in a highly regulated, fast paced health care environment, and has demonstrated leadership in their ability to overcome these challenges with the help of technology,” said Jean-Luc Robert, Chairman and CEO of Kyriba. “When organizational efficiency arrives out of a single source of truth treasury, everyone wins. We built Kyriba with deeply integrated cash management and payments solutions backed by secure connections to support the increasingly complex requirements to stay competitive in the market place.”