Liz Claiborne picks Kyriba solution for global opts

Kyriba Corporation announced the selection of Liz Claiborne Inc as cahs and managament system for their operations.

Kyriba Corporation Press Release:

Kyriba Corporation, the innovator and leader of web-based cash and treasury management solutions, announced that Liz Claiborne Inc has selected Kyriba’s real-time cash and treasury management system for their global operations.

Liz Claiborne Inc designs and markets an extensive range of fashion apparel and accessories. Its diverse portfolio of brands includes Juicy Couture, Kate Spade, Liz Claiborne, Lucky Brand

Jeans and Mexx. Founded in 1976, the company’s merchandise is available globally at more than 30,000 points of sale. “We wanted a web-based system with a world-class reputation,” stated John Engeman, Assistant Treasurer for Liz Claiborne Inc.

“Kyriba’s comprehensive, multi-currency solution allows us to consolidate data from our global banking relationships and manage our working capital more effectively on a worldwide basis” Kyriba’s state-of-the-art, web-based 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.


“We are very pleased to have been selected by Liz Claiborne to deliver our best-of-breed cash and treasury management solutions,” stated Scott Montigelli, Vice President of North American Sales & Marketing for Kyriba Corporation. “Kyriba empowers domestic and multi-national companies to achieve transparency across an enterprise, thereby enabling financial professionals to make better decisions faster. All of this is achieved in concert with significant gains in operational control.”

Source: Kyriba Corporation