Major Chinese clients go live on Kyriba´s cloud finance technology network

Major Chinese clients go live on Kyriba´s cloud finance technology network

KUALA LUMPUR: Kyriba, the global leader in cloud treasury and finance solutions recently announced that major Chinese clients were currently live on its cloud finance technology network.

Among the clients are the world’s largest developer of polyurethane, Wanhua Chemical Co and China’s largest cab hailing service, Didi Chuxing Technology Co.

Major domestic corporations and banks have also partnered with Kyriba to expand their international footprint and mitigate risk of internationalisation, including SUNGROW and HAND.

In just over three years since Kyriba officially launched its business venture in China, the company has hired sales, marketing and product support engineers to meet the growing demand from Chinese companies, and is now seeing double digit growth in the region.

Chinese companies will face alarming exchange rate risks over the next five years due to economic volatility, according to EY risk consulting experts.

The new wave of support from Kyriba helps Chinese companies at a critical time when CFOs demand modern cloud solutions to manage their finances and help them mitigate global market currency volatility.

“China is a key market for Kyriba in the Asia Pacific region and we have invested in our talent and local data infrastructure to comply with Chinese regulations, a major investment that reflects our commitment to our customers in China,” said Kyriba APAC managing director, JaeSon Kim.

— BERNAMA