Articles
April 16, 2025
Beyond TMS: Kyriba’s ‘Liquidity Performance Platform’ Explained
# Treasury Management System (TMS)
# AI
# Sponsored Content
Kyriba’s Thomas Gavaghan on the vendor’s strategy to give corporates more than a treasury management system.
In a Strategic Finance Lab podcast you can listen to now on Apple or Spotify, Kyriba SVP of Product Solutions & Strategy Thomas Gavaghan describes the differences between a treasury management system (TMS) and the SaaS-based “liquidity performance platform” Kyriba offers and markets to today’s corporate treasury teams.
- “Where Kyriba has evolved and is breaking out from the pack is in what we call liquidity performance—and it’s far beyond cash,” he tells NeuGroup Insights editor Antony Michels. Liquidity, he says, goes beyond just banking data and encompasses an ecosystem of working capital information and market data requiring robust connectivity enabling systems to be more than “glorified spreadsheets or dashboards.”
- The goal, he adds, is to give “companies the ability not just to see what they have or don’t have, but actually ‘action’ what they need to do in relation to liquidity, specifically on the receivable and payables arms of their working capital. Being able to help customers operate the cash conversion cycle.”
Thomas Gavaghan, SVP of Product Solutions & Strategy, Kyriba
Implementation times and forecasting. Mr. Gavaghan in the podcast offers informed insights about the treasury technology landscape and suggests three key issues anyone choosing, implementing or replacing a TMS or buying other tech solutions should consider.
- He says Kyriba implementations range roughly between two months and a year, noting that the larger the corporate’s data ecosystem—the number of bank, ERP and payment system integrations, for example—the longer it may take. “The higher the volume of those touch points is just going to add time into an implementation usually.”
- His knowledge is based on two decades of experience in financial technology, including 11 years at Kyriba, much of it working in global presales, where he has spoken to thousands of customers about what they need most from tech solutions.
- “It gives you this broad perspective in terms of what the market needs and the uniqueness of that market,” he says. “You’re starting at the beginning point of a relationship with a corporation. And the trend there is certainly—and a majority of the focus is on—forecasting.”
AI and the future. Mr. Gavaghan’s current role includes the introduction of more AI capabilities into Kyriba’s offerings, a topic generating lots of questions for vendors across the treasury tech industry. The company has leveraged AI for fraud detection and forecasting cash trends based on profit models and historical activities.
- The next frontier, he says, is incorporating “your working capital data, your cash data, your payment volume activity, your vendor information and then applying generative AI. And that’s something that we’ll be continuing to invest in and roll in” throughout 2025.
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