Liz Claiborne Selects Kyriba for Their Cash and Treasury Management

Kyriba Corporation (www.kyriba.com), the innovator and leader of web-based cash and treasury management solutions, announced today that Liz Claiborne Inc. (NYSE: LIZ), one of the world’s leading apparel and accessories companies, has selected Kyriba’s real-time cash and treasury management system for their global operations.

Liz Claiborne Inc. designs and markets an extensive range of fashion apparel and accessories. Its diverse portfolio of brands includes Juicy Couture, Kate Spade, Liz Claiborne, Lucky Brand Jeans and Mexx. Founded in 1976, the company’s merchandise is available globally at more than 30,000 points of sale.

“We wanted a web-based system with a world-class reputation,” stated John Engeman, Assistant Treasurer for Liz Claiborne Inc. “Kyriba’s comprehensive, multi-currency solution allows us to consolidate data from our global banking relationships and manage our working capital more effectively on a worldwide basis”

Kyriba’s state-of-the-art, web-based cash and treasury management solutions are flexible and scalable to evolve as a company’s needs expand. Customers use the automated online system to better control their daily cash management tasks including bank balances, transaction reporting, payments, cash positioning / forecasting, automated general ledger posting and investment portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba’s daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements and provides seamless integration with third-party applications.

“We are very pleased to have been selected by Liz Claiborne to deliver our best-of-breed cash and treasury management solutions,” stated Scott Montigelli, Vice President of North American Sales & Marketing for Kyriba Corporation. “Kyriba empowers domestic and multi-national companies to achieve transparency across an enterprise, thereby enabling financial professionals to make better decisions faster. All of this is achieved in concert with significant gains in operational control.”

About Kyriba Corporation

Founded in 2000, Kyriba Corporation empowers customers to achieve an economic advantage with treasury solutions that enhance visibility and operational control. Corporate clients include Interpublic Group of Companies, ExpressJet, Kronos, Colas S.A., Ferrero and Peugeot. As a market leader in real-time, web-based on-demand Cash Management solutions, Kyriba’s affordable tools and services put customers in control of their liquidity, forecasting and treasury management while meeting Sarbanes-Oxley 404 audit trail workflow and control requirements. The company has North American headquarters in San Diego, CA and European headquarters in Paris, France. For more information, please visit www.kyriba.com.

About Liz Claiborne

Liz Claiborne Inc. designs and markets an extensive range of branded women's and men's apparel, accessories and fragrance products. Our diverse portfolio of quality brands -- available domestically and internationally via wholesale and retail channels -- consistently meets the widest range of consumers' fashion needs, from classic to contemporary, active to relaxed and denim to streetwear.

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For more information visit www.lizclaiborneinc.com.

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