Kyrim is a spend management platform that helps businesses track expenses and optimize payment processes. Holding a PJP 3 license from Bank Indonesia, the platform ensures compliance with local financial regulations while enhancing financial oversight.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in efficiently managing their spending, including vendor management, invoice processing, and payment execution, often relying on manual and disjointed processes. This can lead to errors, delays, and a lack of visibility into overall financial operations, hindering effective budgeting and cash flow management.
Solution
Kyrim is a spend management platform designed to streamline and automate financial operations for businesses in Indonesia. The platform offers features such as invoice automation, a vendor portal, and payment processing, all within a single interface. By automating invoice data input, approval workflows, and payment execution to 100+ banks, Kyrim reduces manual tasks, minimizes errors, and provides real-time visibility into company spending. The platform also includes a self-service vendor portal, enabling vendors to independently onboard, submit invoices, and track payment status, further reducing administrative overhead for finance teams.
Target Audience
Kyrim primarily targets small to medium-sized businesses (SMBs) and enterprises in Indonesia seeking to streamline their spend management processes, improve financial oversight, and reduce administrative costs.
Features
- Invoice automation using OCR technology for automated data extraction and multi-layer approval workflows
- Vendor portal for self-onboarding, invoice submission, and payment status tracking
- Spending dashboard for real-time visibility into expenses, budgeting, and cash flow analysis
- Bulk payment processing via API or dashboard, supporting transfers to over 100 banks
- Integration with accounting software for automated reconciliation
- Real-time tracking of invoice status and payment processing
- Customizable user roles and permissions for enhanced security and control
- Compliant with Indonesian financial regulations, holding a PJP 3 license from Bank Indonesia
- ISO 27001:2022 certified for information security management