Kyriba, which provides cloud-based treasury management software, has partnered with 360T, a multidealer platform for transacting foreign exchange, interest-rate derivatives and money funds, the two companies announced, a move that will allow Kyriba clients that employ 360T to manage pre-trade, trade and post-trade functions in a seamless fashion.

"In using 360T, they'll be able to automatically download the trades into the treasury workstation," says Bob Stark, vice president of strategy at Kyriba.

Stark estimates that corporate treasury staffers still do 60% to 70% of foreign exchange trades over the phone. But Kyriba's clients have been expressing more interest in transacting electronically and being able to integrate that effort into their Kyriba system, he says. "We were getting more calls from our customers saying, 'We'd like this option to link directly to Kyriba.'"

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.