In today's dynamic financial environment, businesses face increasing pressure to modernize operations, ensure compliance, and optimize payment processing. With the Treasury Management Systems (TMS) market projected to grow to $13.7 billion by 2027 and SAP solutions expected to reach $105.52 billion by 2026, the demand for seamless, innovative financial solutions has never been higher. At the forefront of this revolution is CA Shakeel Anwar Mohammed, a globally recognized expert in SAP and Kyriba integrations. His groundbreaking work has redefined payment processing and expanded Kyriba's global reach, cementing his position as a thought leader in the field.
With over 23 years of experience, CA Mohammed's pioneering contributions have been critical to Kyriba's growth and success. His development of an API integration solution between SAP and Kyriba systems has transformed global payment operations, enabling Kyriba to expand its market to over 300 million SAP users worldwide while generating significant revenue and business opportunities.
Pioneering SAP-Kyriba Integration
CA Mohammed spearheaded the development of a connectivity-as-a-service (CaaS) solution, enabling seamless integration between SAP S/4 HANA Cloud and Kyriba's Treasury Management System. This solution automates critical payment workflows while ensuring compliance with global banking standards like SEPA. His contributions provided a scalable solution for 75% of Kyriba's customers.
Key highlights of his contributions include:
- System Architecture Design: CA Mohammed created a robust system architecture using HTTP protocols and ABAP enhancements, ensuring seamless data flow between SAP and Kyriba systems.
- API Development: His API enables SAP to send payment orders to Kyriba, & Kyriba reformatting them as per the bank's requirements and processes them with 100% success. Kyriba also provides real-time updates back to SAP, ensuring transparency and efficiency.
- Field Mapping and Data Synchronization: Workflows to synchronize master data like Legal Entities, banks, and accounts for payment processing.
These innovations have become a cornerstone of Kyriba's product suite, positioning it as the number one cloud-based TMS.
Driving Market Growth and Revenue
CA Mohammed's integration solution has significantly enhanced Kyriba's market position and revenue. By enabling seamless SAP-Kyriba connectivity, his work has opened access to over 300 million SAP users globally, creating substantial business opportunities. Kyriba's predefined bank templates of more than 40,000—ensure 0% payment rejections or failures.
This integration has delivered:
- Significant Revenue Growth: Kyriba generates approximately $80,000 to $100,000 in one-time licensing fees, $150,000 in implementation costs, and $80,000 annually for maintenance per customer. These figures have contributed to Kyriba's Q4 2023 revenue, with a total currency effect of $95 billion.
- Enhanced Operational Efficiency: Businesses using this integration have streamlined payment processes and achieved operational transparency.
CA Mohammed's work has not only driven Kyriba's financial growth but also empowered organizations worldwide to navigate complex payment environments confidently.
Achieving Global Certification
A pivotal milestone in CA Mohammed's career was leading the SAP certification process for the Kyriba Payment Network integration. Collaborating with SAP's Integration and Certification Centers, he ensured the API met SAP's rigorous standards for functionality, scalability, and security, making the solution deployable globally across SAP systems.
Key achievements in the certification process include:
- Custom Reporting: CA Mohammed developed custom monitoring tools for payment orders and reconciliation, providing clients with transparency and real-time oversight.
- End-to-End Testing: He oversaw comprehensive testing to meet SAP's deployment standards, including RISE with SAP and ABAP Add-On scenarios.
This achievement is listed on the SAP Certified Solutions Directory, showcasing the global recognition of his contributions.
Revolutionizing Financial Technology
CA Mohammed's innovative solutions have fundamentally transformed financial operations for global businesses by automating key payment processes. His efforts include:
- Reconciliation Tools: Enabling real-time updates and end-of-day bank statements for SAP systems.
- Expanded Use Cases: Supporting diverse workflows, like direct debit imports, to meet evolving client needs.
- Regulatory Compliance: Automating compliance processes, enabling businesses to adhere to global standards like SEPA and IFRS seamlessly.
His expertise has empowered businesses to scale their operations while reducing risks and enhancing efficiency, ensuring long-term success.
Conclusion: A Legacy of Incredible Contributions
CA Shakeel Anwar Mohammed's extraordinary contributions to SAP and Kyriba integrations have redefined the financial technology landscape. His pioneering work has driven unparalleled value for Kyriba and its clients, enabling global organizations to optimize payment processes, maintain compliance, and achieve operational transparency.
His efforts exemplify sustained national and international acclaim, meeting the highest standards of extraordinary ability. By transforming global payment systems and achieving key certifications, CA Mohammed has solidified his position as a leader in financial technology. His work continues to shape the future of global financial operations, ensuring efficiency, compliance, and growth for businesses worldwide.
