Case Study: EmblemHealth achieves automated, time‑saving treasury operations and stronger controls with Kyriba Enterprise

Streamlining Treasury and Banking Processes

EmblemHealth, a New York–based health insurer serving about 3.4 million people with $367.6M in annual revenue and 5,000 employees, needed to eliminate manual treasury processes and streamline wire payments with a lean treasury team—challenges made worse when SuperStorm Sandy displaced staff and strained IT resources. The company sought a solution that could be deployed quickly without heavy internal IT support.

EmblemHealth implemented Kyriba Enterprise SaaS (bank account management, cash management, GL posting/reconciliation, bank fee analysis and third‑party payments), enabling remote implementation and centralized bank data. The solution automated wire processing, removed token-based manual bank logins, and routed 50% of cash-related GL entries via electronic feeds—saving the accounting team three days per month—while improving daily cash reconciliation, financial controls, auditability and laying the groundwork for cash forecasting.

EmblemHealth