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FAQs
What is ETL?
ETL, an acronym for Extract, Transform, Load, is a vital data integration process. It involves extracting data from diverse sources, transforming it into a usable format, and loading it into a database, data warehouse or data lake. This process enables meaningful data analysis, enhancing business intelligence.
Kyriba is a global leader in cloud treasury and finance solutions, providing mission-critical capabilities for cash and risk management, payments, and working capital solutions. More than 2,500 clients worldwide rely on Kyriba to view, protect and grow their liquidity. Kyriba has connectivity in its DNA and is driven by research and innovation to uncover new ways to use APIs, artificial intelligence, and predictive analytics to support our customers. It unifies cloud offerings with a truly global community of customers, partners, and talented employees reaching over 100 countries worldwide.
Kyriba's API provides access to a wide range of financial data, including:
1. Cash Management Data: This includes information on cash balances, bank accounts, and transactions.
2. Payment Data: This includes details on payments made and received, including payment method, amount, and date.
3. FX Data: This includes exchange rates and currency conversion information.
4. Risk Management Data: This includes data on financial risks such as market risk, credit risk, and liquidity risk.
5. Treasury Management Data: This includes information on treasury operations such as cash forecasting, cash positioning, and cash pooling.
6. Compliance Data: This includes data on regulatory compliance, such as anti-money laundering (AML) and know your customer (KYC) requirements.
7. Reporting Data: This includes data on financial reporting, such as balance sheets, income statements, and cash flow statements.
Overall, Kyriba's API provides a comprehensive set of financial data that can be used to manage cash, payments, risk, compliance, and reporting.
What is ELT?
ELT, standing for Extract, Load, Transform, is a modern take on the traditional ETL data integration process. In ELT, data is first extracted from various sources, loaded directly into a data warehouse, and then transformed. This approach enhances data processing speed, analytical flexibility and autonomy.
Difference between ETL and ELT?
ETL and ELT are critical data integration strategies with key differences. ETL (Extract, Transform, Load) transforms data before loading, ideal for structured data. In contrast, ELT (Extract, Load, Transform) loads data before transformation, perfect for processing large, diverse data sets in modern data warehouses. ELT is becoming the new standard as it offers a lot more flexibility and autonomy to data analysts.
What should you do next?
Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey:
