CHICAGO – (October 16, 2017) – In today’s fast-moving world of financial information technology, according to CFO Tech Outlook’s special October 7 issue on financial reporting, the need for quality reporting remains undiminished. But optimum in financial reporting is much more than spreadsheet-based tracking and recording of financial data. The need for all growing organizations is a scalable SaaS solution such as that delivered by GTreasury, which CFO Tech Outlook has named as one of its Top 10 Providers of Financial Reporting Solutions for 2017.
The magazine’s editorial advisory panel of CFOs and expert analysts “examined the cream of the crop of financial solutions providers, who are on the bleeding edge of the arena,” to identify those who do the most comprehensive jobs of financial reporting. The panel noted that GTreasury’s system “caters to effective cash management, fund transfers, financial instruments, accounting, and banking needs.”
The magazine pointed out that easy access to all of a company’s financial data, especially to its enterprise-wide cash and liquidity positioning, is the sine qua non of effective treasury management. But to obtain and take full advantage of that cash visibility requires agile, up-to-date technologies such as GTreasury’s proprietary application program interfaces (APIs) and web services that allow companies to connect with third-party sources such as their banks.
“Real-time integration of information from financial institutions allows treasurers to make timely and proactive cash decisions,” states GTreasury Executive Vice President Warren Davey. Such decisions include predicting future cash flows and making on-the-fly adjustments as economic conditions change.
Full knowledge of bank-related information, available through the GTreasury platform, can also drastically cut down on unnecessary bank fees and charges. Davey cited one case of an insurance company that was able to identify and eliminate $300,000 in bank fees within a month of implementing the GTreasury account analysis function.
“We consider every one of our clients as a partner,” adds Davey. “It’s our mission to ensure that they derive the maximum value from our treasury management system.”
GTreasury at AFP 2017 Conference: Andrew Blair to Speak at Panel Discussion
GTreasury account manager Andrew Blair will be speaking on “Driving Value for a TMS Pre- and Post-Implementation” at the Association for Financial Professionals (AFP) Annual Conference in San Diego on Tuesday, October 17. Blair’s co-presenters are Susan Schuetz, VP-Treasury at Waterton, and Katlyn Lilly, Staff Analyst for Banking and Investments at the Horace Mann Companies.
Founded in 1986, GTreasury is the global leader of treasury management solutions for organizations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities. This gives GTreasury practitioners real-time insight and access into their global liquidity. GTreasury is the only company that offers both an installed and a SaaS solution. Our modular platform and infrastructure allow any size treasury operation the ability to customize a solution that is best suited to their needs. For more information please contact Marketing@GTreasury.com or visit www.GTreasury.com.