Kyriba vs Fyorin

Fyorin’s platform helps businesses to consolidate their treasury and banking relationships in one place. Firstly, it enables companies to connect their pre-existing bank accounts to gain real-time visibility of their cash position and most importantly, with one onboarding and one login, it allows them to open new bank accounts to easily access new markets and diversify their liquidity risk. This simplifies the management of multiple banking relationships and improves efficiency—a valuable asset for companies looking to expand internationally without the hassle of managing complex bank integrations. Kyriba’s treasury management on the other hand relies on bank connections exclusively meaning businesses still need to find new banking partners should they wish to expand or diversify which may slow down operations.

Fyorin simplifies global payments by processing transactions directly from the platform in 100+ currencies. This eliminates the need to log into the banking platform or rely on banking intermediaries. This direct payment feature not only reduces transaction costs but also ensures faster transaction processing times, which improves cash flow. By contrast, Kyriba relies heavily on external bank connectivity and lacks built-in payment processing, which may result in additional fees and delays.

While Kyriba offers highly advanced treasury features like FX hedging, derivative support, and investment tracking, Fyorin focuses on the unified financial operations capabilities that growing businesses absolutely need. Apart from treasury management, from the same platform companies can access automated accounts payable and receivable, expense management with high limit corporate cards and cash back.

Kyriba’s platform, while robust, is built with large enterprises in mind, often resulting in complex workflows and long implementation timelines. Fyorin offers a more accessible solution for growing businesses, with an intuitive interface that includes all important cash and treasury management features—without the overwhelming complexity. Businesses can enjoy a more efficient onboarding process as well as quick set up thanks to native integrations and single APIs.