Kyriba Expands Its Global Footprint with New Data Center
Kyriba Launches New Data Center in Saudi Arabia
Kyriba, a global leader in liquidity performance, is excited to announce the opening of a new state-of-the-art data center in Saudi Arabia. This strategic expansion is set to take place in the first quarter of 2025 and underscores Kyriba's commitment to supporting the Kingdom's digital transformation goals and economic initiatives.
Significance of the New Data Center
The establishment of this data center is pivotal as it aligns with Saudi Arabia's 2030 vision initiative. This initiative aims to drive economic diversification and sustainable development within the Kingdom. By ensuring that data is stored locally, this new facility will provide businesses with the necessary infrastructure to meet local compliance requirements effectively.
Supporting Local Businesses
As regulations dictate that data must be kept within the nation, Kyriba's new center will assist organizations in adhering to these guidelines, thus enhancing their operational capabilities. According to Amer Chebaro, the Sales Leader at Kyriba, the investment represents a significant step toward supporting customers in navigating compliance and enhancing their overall performance in liquidity management.
Enhancing Performance and Security
With the launch of this data center, Kyriba is dedicated to delivering faster and more reliable services to its customers. The facility is designed to minimize latency, providing users with swift access to essential data while ensuring high levels of security. By localizing data storage, Kyriba affirms its dedication to safeguarding sensitive client information.
Kyriba's Liquidity Performance Platform
At the heart of Kyriba's offerings is a cutting-edge Liquidity Performance Platform. This platform empowers CFOs and financial leaders to gain real-time visibility over their global cash positions. By transforming liquidity management into a strategic advantage, Kyriba helps organizations leverage financial insights to support growth initiatives.
Boosting Operational Efficiency
By enhancing user experience through localized data storage, Kyriba offers clients an opportunity to significantly improve their operational efficiency. The new data center is a testament to Kyriba's commitment to equipping organizations with the tools necessary for better financial agility and decision-making.
About Kyriba Corp.
Kyriba has established itself as a global leader in liquidity performance with a mission to empower finance professionals to optimize their liquidity processes. Through its secure and scalable SaaS solution, Kyriba enables companies of all sizes to improve financial performance and operational efficiency. With nearly 3,000 customers worldwide, accountants and financial executives rely on Kyriba's intelligence-driven platform to manage over $15 trillion in payments annually. The company's innovative technology supports customers in understanding and managing their financial landscapes more effectively.
Frequently Asked Questions
What is the purpose of Kyriba's new data center?
The new data center aims to support compliance with local regulations and enhance the performance of Kyriba's liquidity management solutions for businesses.
When is the launch of the data center scheduled?
Kyriba plans to open the new data center in the first quarter of 2025.
How will this data center benefit local businesses?
It will help local businesses meet data residency requirements and improve their overall liquidity management performance.
What is Kyriba’s Liquidity Performance Platform?
Kyriba’s Liquidity Performance Platform provides real-time insights into cash positions, enabling organizations to optimize their financial strategies.
Why is local data storage important for companies?
Local data storage helps businesses adhere to regulatory standards, ensuring data security and compliance with national laws.
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