Companies have always needed sound treasury systems. Spreadsheets and some other old ways of managing can lead to mistakes, even though they can be hard to use. The treasury functions of companies in India need to be managed better, which can lead to huge losses. This is because the systems must also detect currency, investment, derivative, and bond price changes. As a result, it isn’t easy to accurately assess a company’s finances. India’s business leaders are starting to understand how crucial professional treasury management is, so they are going digital and putting data first.
2020 witnessed the pandemic and therefore remote working and unstable markets . Given this situation, heads of Treasury and CXOs faced a number of new challenges. In situations such as these, automated treasury management becomes a useful business strategy for risk mitigation .
According to my research, IBSFINtech is a company that provides automated treasury management solutions. They have been in business since 2006 and have helped countless customers comply with risk management, regulatory compliance, and audit requirements. Their solutions are very flexible and easy to change, so they work well for businesses of all sizes.
A Brief on Automation & Digitalization Solutions
IBSFINtech is a company that uses artificial intelligence, analytics, and management information systems to help businesses across the country improve visibility, control, operational risk, and organizational efficiency. Giving a single platform allows companies to automate manual tasks to ensure digital cash flows and manage liquidity, trade finance solutions, risk and treasury. This can be very helpful for businesses of any size because it can help them be more productive and efficient.
IBSFINtech’s solutions streamline treasury, risk, and trade finance functions with end-to-end digitization and automation. My analysis states that the digitization of the supply chain creates a more interconnected network in which everyone has more power. This improves the user experience by making them more efficient and reducing time spent on data collection and spreadsheet management.
Automation and digitization help companies use fewer papers and operate more sustainably. Businesses can automate their financial processes, make market transactions, and streamline their operations with the help of automation tools. These tools have audit trails, alerts, notifications, and escalation matrices that can be customized to meet the needs of an organization.
IBSFINtech: The Platform Which Bridges the Entire Ecosystem
IBSFINtech is a company that provides all-in-one platform that integrate enterprise resource planning solutions with core banking and financial services. The company’s machine learning, AI, and robotic process automation solutions empower clients to make the most of their resources. This allows companies to bridge the two systems and grow their businesses. Treasury management is about automating systems to help a company expand nationally and become a leader in its country. I have observed that many corporate companies have reached this goal with the help of IBSFINtech’s product capabilities and essential problem-solving functions.
The Launch of InTReaXTM
IBSFINtech and Refinitiv, an LSEG business and one of the world’s largest providers of financial market data and infrastructure, have announced the launch of InTReaXTM, an automated treasury management procedure that helps companies modernize their treasury workflows with flexibility and strategic insights.
Treasurers and CXOs can improve visibility and control over their treasury operations with the new solution. The powerful analytics included in the solution provide scalable and configurable transaction management, decision support and analytics across the treasury ecosystem of the corporate sector. This gives traders a better view of money inflow and foreign exchange transactions, valuations of derivatives, portfolio analytics, and management before, during, and after trades.
CEO and Managing Director of IBSFINtech, CM Grover, observed that the partnership between Refinitiv and Treasyx is to help the Indian treasury industry to grow and change. With SaaS TMS and InTReaXTM, driven by Refinitiv analytics and data, the aim is to strengthen every treasury and help it become the strategic center of the firm. Their platform is trusted by many companies all over the nation, and their goal is to grow the business with the new SaaS TMS.
IBSFINtech is clearly a market leader in connecting banks and the financial services ecosystem. I feel the company wants to migrate its on-premise treasury, risk, and trade finance management platforms to SaaS to accelerate its goal of becoming a SaaS company. It is clear that IBSFINtech is changing the way treasury management is done in India. It has won international awards like The Asset Triple A Award, Global Finance Best FX Provider, Adam Smith Asia Award, and Corporate Treasurer Award for its work in risk management and business success.
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