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The combined platform empowers Treasurers to be more strategic and effective in managing liquidity and risk for the enterprise

CHICAGO, IL, April 17th, 2018 – GTreasury, a leading provider of Treasury Management Systems (TMS), today announced they have acquired and will merge with Visual Risk, an Australian-based risk management and compliance software solution for global treasury departments.  Combining GTreasury’s industry-leading cash management software with Visual Risk’s state-of-the-art risk analytics and hedge accounting software will create the most comprehensive and robust Treasury and Risk Management Software (TRMS) in the market.

“We are excited about the value the integrated solution will bring to treasury departments around the world. As the treasury function becomes more complex and strategic, Treasury departments require comprehensive tools to provide analysis, visualization and reporting that address cash, risk management and compliance,” said Orazio Pater, CEO of GTreasury. “After the investment from Mainsail Partners in 2017, we are delivering on our strategy to invest in product innovation and global expansion, and we believe the breadth and depth of the combined offering will create a solution for the digital treasurer, transforming the treasury function from operational to strategic,” added Pater.

Visual Risk’s TRMS platform enables treasury personnel to unlock insights into their exposure to a myriad of risk factors, including interest rates, commodity pricing and foreign exchange.   The company’s product suite enables corporations and financial institutions to visualize, analyze, and make strategic decisions regarding the market risks associated with their businesses.  GTreasury’s software suite includes its industry-leading Cash Management and Payments solutions which provide essential insights, automation, and tools to help large enterprises manage global liquidity.  Combined, the companies will provide treasury departments with the most comprehensive solution available for managing global liquidity and financial risk.

“As globalization impacts more businesses each year, managing interest rate exposure, FX risk, and global cash visibility are increasingly critical priorities for treasury departments of all sizes,” said Paul Nailand, Visual Risk Co-founder.  “By providing a complete solution, we are empowering Treasurers to spend more time on the strategic aspects of treasury management to increase enterprise value.”

“Our number one priority is that Visual Risk and GTreasury customers continue to benefit from the best-in-class risk analytics and cash management software, ultimately in one seamless solution,” added Richard Hughes, Visual Risk’s other Co-founder.  “We have been working closely together since we announced a partnership last year, and are focused on delivering an integrated product to the market very soon. In the interim we are committed to continue delivering the quality products and services our respective customers have come to expect.”

Pater will be the CEO of the combined entity, whilst Nailand will remain Managing Director of Visual Risk.  Hughes will be a Senior Advisor working on strategic initiatives globally.  In addition to the offices in Chicago, London, Sydney and Manila, the company will further expand its presence in Europe, where both GTreasury and Visual Risk have a customer base. Terms of the deal were not disclosed.

About GTreasury

GTreasury is the leading innovator of integrated SaaS treasury and risk management solutions for the digital treasurer. Developed using the latest technology, GTreasury helps empower organizations on their path to strategic treasury, by enabling total visibility into their cash, liquidity, payments and financial risk management. With enterprise clients spanning North America, EMEA and APAC, GTreasury is headquartered in Chicago with offices in London, Sydney and Manila. For more information please contact Marketing@GTreasury.com or visit www.GTreasury.com.

About Visual Risk
Visual Risk is a leading provider of risk management and treasury software for both Corporate and Financial Services sectors. Founded in 2001 we actively service a diverse client base across Australia, New Zealand, South East Asia and Europe.

Combining deep treasury expertise with innovative technology, Visual Risk delivers a distinctive brand of forward-looking risk analytics, asset-liability management, hedge accounting, cash and treasury management software. Coupled with a deep commitment to delivering market-leading client support and service, this provides treasuries and management with a critical strategic edge.

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25 Years of Enterprise Software Innovation Experience to Drive GTreasury’s Strategic Treasury Management Solutions

CHICAGO, IL – (March  22, 2018) – GTreasury announced today that Alok Tyagi has joined as Chief Product & Technology Officer. The 25-year veteran of software product strategy, product management, design, and development will spearhead the high growth company’s product strategy to meet the evolving needs of its clients and market as treasury departments shift from being operational to strategic.

Tyagi launched his career as a developer and architect of software platforms in India. After relocating to America in 1997, he advanced into Product Management, Strategy, Development, and Platform Business Innovation in enterprise software.

Earlier, Alok has filled Product & Technology Executive roles at industry-leading companies such as Oracle, Peoplesoft, JD Edwards, Sage and CA Technologies. While at CA Technologies, he was Senior Vice President of Business & Product Strategy, responsible for a $2.5B Product Portfolio. Before that, he was Senior Vice President of Product & Technology at Sage where he was responsible for $900M Product Portfolio in North America serving 3 million small and medium size customers.

Most recently, Tyagi was a Partner at Fortium Partners, in Dallas, TX, where he provided Board and C-suite level Product/Technology leadership to companies that operate their business either in a Cloud/SaaS environment or going through a digital business transformation. While in Dallas, he also advised start-ups and entrepreneurs in affiliation with Southern Methodist University’s Digital Accelerator and REVTECH Accelerator, a startup accelerator focused on Retail-Tech.

Alok is a champion of Digital Business Transformation in every industry and is a respected thought-leader in the Enterprise Software space. In his recent article “The Business of Software – why we need Strong Product Managers,” Tyagi explains the unique nature of the product manager position. Because their responsibilities encompass both the business space and the technology space, product managers must be big thinkers who can “see what’s around the corner.”  They must also focus on discerning and meeting customers’ needs on every aspect of the solution – including discovery, trial, purchase, consumption, maintenance, and renewal.

“I am delighted to join GTreasury at a time when Digital Technologies such as Machine Learning and APIs are starting to play a significant role in the life of Treasurers” said Tyagi. “GTreasury’s SaaS Solution and technology talent is truly impressive, operating in an Agile environment with Continuous Delivery to accelerate our pace of innovative solutions delivered to our clients.”

Tyagi holds a Bachelor’s Degree in Computer Engineering from Regional Engineering College of India and a Master’s Degree in Business Administration from the University of Colorado.

“We are excited to welcome Alok to our Senior Management team,” said GTreasury founder and CEO Orazio Manzi-Fe Pater. “We’ve been growing and expanding, both into new geographic territories and into new industry segments. Having a Chief Product & Technology officer with his depth and breadth of experience will help ensure that we manage and drive that growth smoothly and professionally, as well as ensure that we continue to design and deliver the solutions that our customers want and need.”

 

About GTreasury

GTreasury is the leading innovator of integrated SaaS treasury and risk management solutions for the digital treasurer. Developed using the latest technology, GTreasury helps empower organizations on their path to strategic treasury, by enabling total visibility into their cash, liquidity, payments and financial risk management. With enterprise clients spanning North America, EMEA and APAC, GTreasury is headquartered in Chicago with an office in London.

For more information please contact Marketing@GTreasury.com or visit www.GTreasury.com.

Contact: Brendan Nel, GTreasury. Email: bnel@GTreasury.com. Phone: 847-847-3706

Brent Coles Joins GTreasury as Chief Financial Officer

February 27, 2018 | Nicole Durante
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Extensive experience in payments and related technologies adds depth and perspective to senior management team of rapidly-growing leader in treasury management software

GTreasury announced today that Brent Coles is its new Chief Financial Officer. A 20-year veteran of the financial services industry, he brings more than a decade of directly related experience in payments and financial technology to his new role.

Brent Coles, Chief Financial Officer (Photo: Business Wire)Brent Coles, Chief Financial Officer

Coles comes to GTreasury from BluePay Processing of Naperville, IL, where he had served as CFO since May, 2014. BluePay was recently acquired by First Data for a total of $760 million. Prior to that, he spent seven years as CFO of Columbus Data Services of Dallas, Texas. He had previously been SVP, Finance with eFunds Corporation of Scottsdale, AZ before that firm was acquired by Fidelity National Data Services in 2007. He was also a senior manager with Answerthink Consulting of Miami, FL.

Coles began his business career with a two-year tenure as a manager at Ernst and Young after earning a master’s degree in finance from Thunderbird School of Global Management in 1998. He graduated from the University of Utah in 1996 with a Bachelor of Science degree in Accounting and a Bachelor of Arts degree in French.

“We are pleased that Brent has joined our senior management team during this period of dynamic growth and change for both our company and the clients we serve,” said GTreasury founder and CEO Orazio Manzi-Fe Pater.

“He has extensive experience in the financial technology industry and has successfully worked as an executive in several fast growing public and private companies. We feel that Brent will give us a valuable perspective as we grow and evolve to meet the needs of our customers for innovative, products and services.”

About GTreasury

Founded in 1986, GTreasury is the global leader of treasury management software for organizations spanning the globe. GTreasury’s solution illuminates a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument transactions. The GTreasury platform gives practitioners real-time insight and access into their global liquidity. GTreasury’s modular technology platform and infrastructure allow any size treasury operation the ability to configure a solution that is best suited to their needs. For more information please contact Marketing@GTreasury.com or visit www.GTreasury.com.

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Investment to Accelerate Product Development and Fund International Expansion

LAKE ZURICH, IL, October 24, 2017 – GTreasury, a leading provider of Treasury Management Systems (TMS), today announced a $42 million investment from Mainsail Partners, a growth equity firm that exclusively invests in profitable, fast growing technology companies.  GTreasury will use the new capital and Mainsail’s extensive resources to accelerate product development, expand internationally, and enhance GTreasury’s customer service.

GTreasury was co-founded over thirty-one years ago by Orazio Pater, CEO, and his wife Peg, General Manager, and offers the longest tenured and holistically developed TMS in the industry. The company’s software suite includes its industry-leading Cash Management and Funds Transfer solutions which provide essential insights, automation, and tools to help large enterprises manage global liquidity.  The company also offers Accounting, Banking, and Financial Instruments solutions to help treasury departments automate accounting procedures, manage banking relationships, analyze bank fees, and manage investment and debt activity.  To facilitate these services, the company has direct connections with over 2,000 banks globally, and integrations with hundreds of ERP and 3rd party systems.

“We built our company by creating mission critical products and providing top tier service to our customers and partners,” said Mr. Pater.  “This partnership with Mainsail will allow us to double down on those efforts by accelerating innovation and delivering even greater value to treasury departments,” added Pater.  “We chose Mainsail for their experience scaling technology companies and because they share our vision for building a global business with a focused mission – build powerful software that provides greater visibility and control for corporate treasuries while never outgrowing the intimate client service experience that is necessary for companies to maximize value.  In Mainsail we were looking not just for additional financial resources, but also for a true long term partnership.”

“We see an opportunity to take an even greater leadership role in the market through innovation and expansion of our products and services,” adds Ashley Pater, Senior Vice President of Product Marketing.  “Our goal is to stay one step ahead of the needs of our clients and this investment will help us achieve that goal.”

Vinay Kashyap, Principal at Mainsail Partners, said, “Due to a number of factors, the role of the treasury department at enterprise corporations has become increasingly difficult and more important than ever.  Rapid globalization, economic volatility and changing regulations have added complexity for Treasurers, putting more pressure on their organizations” added Kashyap.  “The GTreasury team has built a suite of products that reduces the complexity and workload for treasury departments and allows them to focus on more strategic priorities.  Combined with a deep set of best practices and intellectual property from over 31 years in this business, the consultative and high-touch approach to their clients is second to none. We are excited to invest behind this high-quality management team and a company that is so well positioned in this rapidly evolving market.”

In connection with the growth equity investment from Mainsail, GTreasury recently announced the opening of its first international office, in London, to support global expansion and its existing multinational customer base.

 

About GTreasury

Originated 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 using the same version of the system.  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.

 

About Mainsail Partners
Mainsail Partners is a growth equity firm that invests exclusively in bootstrapped software companies. The San Francisco-based firm has a team of experienced operating professionals to help entrepreneurs scale their businesses and accelerate growth. The firm has raised more than $750 million in committed capital. For further information, please visit www.mainsailpartners.com.

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Special Issue Lauds GTreasury for Full Suite of Solutions that Illuminates All Liquidity, Manages Risks, and Automates Treasury Processes

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.

About GTreasury

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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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CHICAGO, IL — (October 4, 2017), Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to work on the integration of their leading cash and risk management treasury systems. The deal will also see Visual Risk improve its reach in the U.S. and help GTreasury to access Australia and South East Asia. They will go to market jointly in the United Kingdom, Europe, and North America.

Paul Nailand and Richard Hughes, Cofounders of Visual Risk said: “Our partnership with GTreasury is based on our strong shared vision for corporate treasury, tight fit of risk and cash products and highly complementary geographical footprint. The integration of our products creates a ground-breaking TMS that is formed from the very best cash, payment, and risk solutions available.”

Orazio Manzi-Fe Pater, Founder of GTreasury said: “Integrating with Visual Risk will expand and strengthen GTreasury’s offering, which will help us grow our business worldwide.”

 

 About GTreasury
Originated in 1986, GTreasury is the global leader in treasury management solutions for organisations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralising 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. Their modular platform and infrastructure allow any size treasury operation the ability to customise a solution that is best suited to their
needs.

About Visual Risk
Visual Risk is a leading provider of risk management and treasury software for both Corporate and Financial Services sectors. Founded in 2001 we actively service a diverse client base across Australia, New Zealand, South East Asia and Europe. Combining deep treasury expertise with innovative technology, Visual Risk delivers a distinctive brand of forward-looking risk analytics, asset-liability management, hedge accounting, cash and treasury management software. Coupled with a deep commitment to delivering market-leading client support and service, this provides treasuries and management with a critical strategic edge.

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CHICAGO, IL — (September 7, 2017), GTreasury announced today the opening of their West End, London office at 1 Neal Street. This move gives GTreasury both an expanded presence in Europe for the servicing of its new and existing treasury management customers and a foundation for greater support, service and future growth.

The London based GTreasury team will include new additions such as Terry Beadle, as Global Head of Corporate Development, and Christopher Seaman, as EMEA Managing Director.

Mr. Beadle was the global leader of Bloomberg’s treasury management team for three years and is a former managing director of Wall Street Systems. Mr. Seaman was with Bloomberg since 2007, and was most recently in charge of global sales of its corporate treasury management solutions.

“GTreasury is experiencing strong growth and continues to be an influential global leader in the liquidity management and payments arena. Adding a London office and strong management enhances our support for EMEA customers, increases our access to global talent and local partners, and will help us drive business opportunities worldwide” said Orazio Pater founder of GTreasury.

About GTreasury

Originated 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.

Contacts:

Terry Beadle, GTreasury in EMEA Email: tbeadle@gtreasury.com Phone +44 7789931265
Ashley Pater, GTreasury in USA. Email: aepater@GTreasury.com. Phone: (847) 847-3743

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Learn to Think Outside of the Box with Your TMS” Educational Presentation Scheduled for June 1 at 2017 New York Cash Exchange (NYCE) Annual Conference

LAKE ZURICH, IL –Financial and treasury professionals in all companies face the formidable challenge of managing the company’s liquidity in today’s fast-paced and volatile marketplace.  At the same time, those treasury professionals must comply with constantly changing rules and regulations while doing everything in their power to mitigate risk and safeguard the company’s good name.

Most Treasury Management Systems will display your cash position, generate forecasts, connect to your banks, and send and receive payments. But today’s TMS can be a much more powerful tool than an accurate reporting system. Its automation and documentation capabilities can reduce compliance risk, blaze a clear audit trail, and enable every company to design workflows that maximize productivity and delegate everyday tasks to their proper owners in the organization.

Andrew Blair, Account Manager at GTreasury, and Aga Linnell, Principal, Gilded Capital Group, will demonstrate how it’s done with creative approaches to working with your Treasury Management System.  Their presentation, “Think Outside the Box with Your TMS,” will be at 2:00 p.m. on Thursday, June 1 at the 2017 NYCE Conference.

More than 700 attendees are expected at the conference, New York’s premier event for treasury management education, at the New York Hilton from May 31 through June 2.

Blair has been serving GTreasury’s clients for seven years. Linnell, in her second year with Gilded Capital, previously served five years as Vice President Treasury – Americas for BlackRock, Inc.   They will discuss several real world examples of customizing the TMS to perform specific functions and workflows for an organization or industry. Attendees will depart with a wealth of ideas on how to configure their TMS to accomplish what they originally believed to be out of scope for a Treasury Management System.

GTreasury professionals will also be on hand at the conference’s Booth 219. Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.

About Gilded Capital Group

Gilded Capital Group is a boutique consulting firm specializing in the implementation of Treasury Workstations, cash management, and a unique range of executive solutions for mid-to-large institutions and family offices. For almost two decades, they have specialized in domestic and international corporate treasury for several of the world’s leading complex multinational corporations.

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: Marketing@GTreasury.com. Phone: (847) 847-3706.

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Windy City 2017 Summit Breakout Session on ISO 20022 and SWIFT Connectivity Will Demonstrate the Many Benefits of Moving to ISO, the Universal Financial Messaging Scheme

LAKE ZURICH, IL – (May 18, 2017) Finance and treasury professionals seeking to keep pace with the rapidly changing standards for financial industry messaging should plan on attending “‘I So’ Want to Know about ISO 20022” on Thursday, May 25 at the 31st Annual Windy City Summit in Chicago.

Warren Davey, Executive Vice President of GTreasury, and William Liu, Regional Manager for the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will demonstrate how ISO 20022, the universal financial industry message scheme, defines the platform and enables the streamlining of all communications, both domestic and cross-border, for financial institutions.

Attendees at this session will learn what ISO 20022 is, what market initiatives are currently adopting it in America and abroad, and how ISO can bring significant savings through higher STP rates and faster customer onboarding. ISO can also cut down on the time and effort required to design new business flows and new messages; it enables all people in design to speak the same business language.

Those who attend the session will also hear case studies of corporations using ISO 20022 in payments and treasury, and they will learn how to derive solid benefits such as automated processing of payments, automated reconciliation of payments and invoices, reduction of manual exceptions and the harmonization of diverse payment processes.

The Windy City Summit is presented by the Treasury Management Association of Chicago.  GTreasury will exhibit at the summit in Booth #414. Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.

About SWIFT

SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging, standards for communicating and we offer products and services to facilitate access and integration; identification, analysis and financial crime compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organizations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardized financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centers.

For more information, visit www.swift.com or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT.

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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Flexible framework for financial communications can enable faster onboarding, higher STP rate for automated processing and reconciliation of payments, and improve interoperability.

 

LAKE ZURICH, IL – (April 27, 2017) Financial and treasury professionals seeking to streamline their domestic and cross-border financial communications infrastructure should plan on attending “I So Want to Know About ISO 20022” at the Minnesota Association for Financial Professionals’ 35th Annual Conference in Saint Paul, Minnesota on Tuesday, May 2.

Warren Davey, Executive Vice President of GTreasury, and Mike Lewis, Regional Sales Manager of SWIFT will co-host this breakout session on ISO 20022, the universal financial industry message scheme, which defines the ISO platform for the development of financial message standards.

First focused on international (cross-border) financial communication between financial institutions, the open and flexible ISO 20022 also serves as a common standard for developing domestic financial messages. It enables the streamlining of all communications for financial institutions and delivers solid benefits that include:

  • Reduced time and effort to design new business flows and new messages because it has reduced all people in design to speak the same business language.
  • Testing tools that accelerate customer onboarding, enabling corporations to implement their systems and join new banking partners in days or weeks, rather than in months.
  • Higher STP rate for the automated processing of payments, the automated reconciliation of payments and invoices, the reduction of manual exceptions and the harmonization of diverse payment processes.
  • Rich data sets that allow users to be agile and responsive in innovating and providing new services.

GTreasury will also exhibit at the conference in Booth #400. Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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Expert Presentations on the Full Capabilities of a Robust TMS and on the Benefits of the ISO 20022 Financial Messaging Framework for Domestic and International Treasury Operations

LAKE ZURICH, IL – March 30, 2017 — Treasury teams around the globe are looking for ways to automate their processes, reduce costs, and enable their professional staffs to devote more time to strategic tasks.  Two presentations, co-hosted by GTreasury executives at the 2017 TEXPO (Booth 111) at the JW Hilton in Austin, TX, April 2-4, will demonstrate ample ways to do just that and much more.

Andrew Blair, Account Manager at GTreasury, along with Toyota Industries’ Commercial Finance Treasury Manager Alan Smith and Senior Treasury Analyst Akshat Patel will present “Efficiency and Effectiveness: The Ease of Using a Robust TMS” on Monday, April 3 at 4:00 p.m.

Those who attend this session will hear examples and case studies of comprehensive TMS functionality such as: cash management, accounting, banking, payments, debt and investments, forecasting, and other sophisticated endeavors. Session attendees will also learn how their TMS can collaborate with departments outside of treasury to send payments, to integrate with a back office system, and to improve controls through a centralized TMS platform.

Mike Zack, Senior Treasury Consultant at GTreasury, and Andrew Hazen, Regional Director of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will co-host “I So Want to Know About ISO 20022” on Tuesday, April 4 at 3:30.

Attendees at this session will get fully up to speed on ISO 20022, the universal financial industry messaging standard. They will learn what ISO 20022 is and what current market initiatives are adopting it, both domestically and internationally. They will also hear practical case studies of corporations using ISO 20022 in payments and treasury, and how ISO can bring significant savings through higher STP rates and faster customer onboarding.

Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.

About GTreasury

Originated 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.

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Global Engineering, Procurement and Construction Firm Improves Bank Reporting and Administration, and adds Efficiency and Consistency to its Diverse Financial Operations  

LAKE ZURICH, IL – (March 23, 2017) – GTreasury Chief Operating Officer Orazio Pater announced today that the prestigious global engineering, consulting, and construction company  Black & Veatch of Overland Park, Kansas has selected GTreasury to streamline and automate its worldwide treasury operations.

Black & Veatch is a leading EPC and consulting firm with areas of expertise including infrastructure development in power, oil and gas, water, telecommunications, government, mining, data centers, smart cities, and banking and finance markets. Founded in 1915, and with 10,750 employees and more than 110 offices throughout six continents, it is the tenth-largest majority-employee-owned company in America.

According to Janelle Kellogg, CTP, Treasury Operations Specialist at Black & Veatch, the company was seeking a dedicated treasury system that would reduce the amount of customization and manual work previously performed by treasury staff members.  After interviewing five TMS providers, Black and Veatch selected GTreasury for several reasons: the user-friendliness of the GTreasury system, GTreasury’s industry reputation as a client-centric TMS provider, and the ability to assume all control over Black and Veatch’s SWIFT banking connectivity.

The specific requirements that Black and Veatch sought and GTreasury addressed included:

“GTreasury has been very supportive and great to work with.  The sales team understood our business and our needs. The implementation team has dealt expertly with the complexities and challenges that an operation like ours can bring to the table,” said Kellogg.

“We’re slightly ahead of schedule on the nine-month, phased rollout, and we’re expecting the final go-live date by the fourth quarter of 2017. We’re excited about completing the implementation and realizing all of the benefits that GTreasury will offer us.”

About Black & Veatch

Committed to our Mission of Building a World of Difference®, we are an employee –owned company with more than 100 offices worldwide.  We specialize in the following major markets:  Data Centers, Governments, Mining, Oil & Gas, Power, Smart Cities, Telecommunications, and Water. www.bv.com

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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LAKE ZURICH, IL –  (November 16, 2016) – GTreasury is pleased to announce that Arrow Electronics, Inc. has selected GTreasury’s Treasury Management System to streamline its reporting and analytics.

Arrow Electronics is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates from more than 460 locations in over 85 countries and has more than 100,000 customers, approximately 18,500 employees, and 2015 sales of $23.28 billion.

Orazio Manzi-Fe Pater, GTreasury’s founder and Chief Operating Officer stated “Arrow Electronics is a recognized world leader, a dynamic and indispensable force in the global supply chain for manufacturers of electronic technology. We’re proud that Arrow has chosen GTreasury as its treasury management partner, and we look forward to helping them connect, consolidate, and illuminate their global liquidity.”

About GTreasury

Originated in 1986, GTreasury is the global leader of treasury management solutions for organizations spanning the globe. 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. 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.

Media Contacts: Ashley Pater, GTreasury. Email: aepater@gtreasury.com. Phone: (847) 847-3743.

 

 

 

 

 

 

Shorenstein Selects GTreasury

October 25, 2016 | Ashley Pater
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LAKE ZURICH, IL – GTreasury is pleased to announce the signing of Shorenstein as the newest user of its cloud-based treasury solution. As one of the country’s oldest and most respected real estate organizations, Shorenstein was looking to electronically interface with its banks as well as its ERP system. This partnership will provide a means to enhance Shorenstein’s current practices with GTreasury’s state of the art technology. According to Dave Meyer, Shorenstein’s Senior Business Analyst, “We desired a system which will automate our cash management in a cloud supported application.  Our decision to move was made simple with GTreasury.  GTreasury provides an intuitive user interface, along with automated interfaces with our banks and our ERP system thereby eliminating almost all of our manual activity.”

GTreasury’s treasury management system will assist Shorenstein in automating its processes in order to reduce time spent on manual activities, thus allowing for additional time for more strategic activities. Shorenstein, having been on Excel, knew that they had to move to a more technologically powerful platform. “In addition to our main objective of automating cash management, we will also benefit from the implementation of the Funds Transfers, and Banking (Bank Fee Analysis and Bank Account Management) modules,” commented Meyer.

Over the past thirty years, GTreasury has continued to help clients like Shorenstein in illuminating their liquidity with a full suite of solutions that accommodate the client’s needs of today and strive to prepare them for the changes of tomorrow.

About Shorenstein:

Founded in 1924, Shorenstein is a privately-owned, real estate firm active nationally in the ownership and management of high-quality office properties, with offices in San Francisco and New York. Starting in 1992, Shorenstein has sponsored eleven closed-end investment funds with total equity commitments of $7.9 billion, of which Shorenstein committed $648.5 million. Shorenstein uses its integrated investment and operating capabilities to take advantage of those opportunities which, at the particular time in the investment cycle, offer the most attractive risk-adjusted returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 63.2 million square feet in transactions with a gross investment value in excess of $14.9 billion.

About GTreasury:

Originated in 1986, GTreasury is the global leader of treasury management solutions for organizations spanning the globe. GTreasury’s solution focuses on illuminating a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities, thereby granting GTreasury practitioners real-time insight and access into their global liquidity. 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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Featuring Real-World Examples of Clients Breaking Down Barriers Between Banking and Treasury Management Operations

LAKE ZURICH, IL — (October 19, 2016) – Financial and treasury professionals in companies of any size need to be aware of changes in treasury management technology, policies, and procedures. Understanding what is available and how it fits (or doesn’t fit) into the company’s schema is the first step in the decision to add a new application or technology. This must accomplished while ensuring that their operations have sufficient liquid assets.

Warren Davey, Executive Vice President of GTreasury will get the audience ready for “What’s New in Banking Technology” along with Dennis Sweeny, Managing Director, Global Treasury Solutions, from Bank of America Merrill Lynch and two corporate practitioners; Kristen Michaud, Managing Director, Treasury Operations, from General Electric Company and Kris Conway, CTP, Senior Treasury Manager, of CUNA Mutual Group at the Association of Financial Professionals’ 2016 Conference in Orlando, Florida, October 23 – 26th. More than 6,500 financial professionals are expected at AFP, the national premier event for treasury management education.

Davey and co-presenters will deliver an interactive session, “What’s New in Banking Technology” on Wednesday, October 26 from 9:45 – 10:45 A.M., the final morning of the three-day conference.

This panel consists of technology, treasury and banking professionals sharing their experience on best practices for bank relationship management, overcoming obstacles in maintaining bank relationships, and other commonly encountered challenges. Attendees walk away from this interactive session knowing how to improve upon their banking relationships and how technology can help.

The panelists will discuss practical applications of the technology and human interactions that will help others improve their banking experiences. They will show how improvements to treasury operations led to better relationships with their banks and fewer headaches for all.

Please remember to visit GTreasury in Booth #641 for a one-on-one demonstration, and discover ways to improve your treasury processes. Get the most from the AFP Conference in Orlando!

Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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Speaking Schedule to Highlight Benefits Lauded by Customers at Recent GTreasury User Conference: Ease of Implementation and Comprehensive, Flexible Reporting, and Analytical Capabilities

LAKE ZURICH, IL – (September 7, 2016) – Armed with the latest intelligence from the front lines of financial operations, executives from GTreasury take to the road in the next few weeks to demonstrate the power, practicality, and simplicity of GTreasury’s Treasury Management system.

“We had a great time and learned a lot during our user group meeting last month,” said Warren Davey, GTreasury’s Executive Vice President.

Approximately 100 financial executives from GTreasury’s client base convened at the Chicago Athletic Association Hotel August 10th – 12th. They represented industries that included banking, insurance, healthcare, manufacturing, and more.

“Cyber security was a hot topic, as we expected,” continued Davey.  “But we were especially pleased to hear, time and again, just how helpful that our system’s reporting capabilities are. We’ve been doing this so long that maybe we were taking our reporting capabilities a little for granted, but our customers just couldn’t say enough about the power and flexibility of our reporting, not to mention the information and analysis they provide.”

At the conference, a treasurer of one GTreasury client from the healthcare industry was quoted as saying:

“We implemented just the basic modules from GTreasury; nothing exotic. Now we can not only provide historical data for the operating account, but also for each business unit. This is a marked improvement in the forecasting and reporting process. The GTreasury dashboards allow us to see the bigger picture, where before we were only seeing bits and pieces. We can see the entire forest as well as every tree and sapling. This is especially helpful for our sources and uses of funds analysis.”

Davey’s address at Cash and Liquidity Optimization 2016 in New York is the first stop on GTreasury’s September speaking schedule. GTreasury will also exhibit at the conferences in St. Louis, Waukesha, and Kansas City. Dates and full details of all conferences are as follows:

September 13-14
Cash and Liquidity Optimization, sponsored by Fintech Connect and Treasury Management International
New York Marriott Marquis, 1535 Broadway
Speaker: Warren Davey, Executive Vice President
Topic: “How to Get the Most Out of Your Treasury Management System”
Time: Tuesday, September 13 – 2:00 p.m.

—————–
September 15
2016 St. Louis Treasury Management Association Monthly Meeting
Offices of Edward Jones Investments
12555 Manchester Road
Speaker: Eric Reyhle, Vice President of Business Development
Topic: “The 5 Pillars of Implementing a Treasury Management System”*
Time: 5:30 p.m.
—————–
September 19
Wisconsin Association for Financial Professionals 28th Annual Conference
Milwaukee Marriott West
N231 N1600 Corporate Court, Waukesha
Speaker: Andrew Blair, Client Account Manager
Topic: “The TWS Implementation Blueprint for Success”
Time: 9:45 a.m.
—————–
September 22 – 23
Kansas City Association for Financial Professionals Treasury and Finance Conference
Courtyard Marriott
4000 N Mulberry Dr
Kansas City, Missouri Speaker: Eric Reyhle
Topic: “Implementing a TMS”
Time: September 22, 10:45 a.m.

Those who are unable to attend and wish to learn more about GTreasury solutions may click here for more information.

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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Topics at Conferences in Portland, Chicago, and New York Include Treasury Technology; SWIFT Connectivity; Relationships with Banks; and Management of Global Liquidity and Risk

LAKE ZURICH, IL – (May 17, 2016) Executives from GTreasury, the global leader in treasury management now celebrating its 30th year in business, will be sharing a wealth of their company’s institutional expertise at several upcoming events for financial and treasury professionals. The following is a list of talks, with their topics, takeaways, times, speakers, and locations:

“The Swiftest Way to Keep Track of Your Cash” (Two Presentations)

  • Topics and issues include the concepts of interconnectivity, such as current SWIFT standards; data transmission; translation services; and what data can be moved, and in what formats.  The session will also address solving treasury needs such as for transaction reporting, payments, and eBAM, among others.
  • Takeaways will include a sound understanding of SWIFT connectivity and the best technologies for treasury management.  Presenters will also discuss how to solve treasury needs for transaction reporting, payments, and how to streamline implementations.

 

 

“The 5 Pillars of Implementing a Treasury Management System (TMS)”

  • As treasury departments transition from a primarily supportive role and into the role of strategic advisor and risk manager, having the right technology in place is essential. Technology solutions deliver greater visibility into cash, streamline processes, and improve controls.  But implementation of that technology is critical.
  • This session will discuss the five key phases of implementation:
    • Allocating the appropriate resources to keep the project on track
    • Creating a stable project plan with achievable milestones
    • Integrating the TMS with the back office
    • Going live, and
    • Preparing for unforeseen issues.
  • Attendees will leave with a thorough understanding of what it takes to implement a TMS on time and within budget.
  • May 25, 3:50 p.m., at Windy City Summit at the Navy Pier Convention Center, Chicago. GTreasury will exhibit at Summit Booth #218.

“Stump the Banking Experts”

  • One of the main hurdles with setting up and maintaining any treasury solution is having an established relationship with your bank. Relationships take work. This session will cover topics such as:
  • Streamlining the implementation process through best practices in bank relationship management
  • Perfecting global liquidity through straight-through processing
  • Challenges and solutions for automating global information reporting
  • Attendees will take away a thorough understanding of how to improve upon their banking relationships.
  • May 26, 4:00 p.m. at Windy City Summit
    • Presenters: Warren Davey and Eric Bauer, Regional Sales Manager, SWIFT.

 

 

“To Liquidity…and BEYOND! Managing Global Liquidity”

  • Treasury departments must identify and minimize risk components while maximizing current liquidity within their global organizations. Hurdles include organizational silos, remote subsidiaries, unfriendly ERP systems, multiple bank portals, and a large collection of disparate Excel spreadsheets. All of this can lead to keying errors, long and inefficient work days and a constant disconnect between funding, investment and risk management decisions.
  • This session will show how to streamline treasury processes and improve operational effectiveness. Topics will include the basic challenges of integrating cash and risk management processes; identifying different types of risks; barriers to a successful technology project; and real world examples.
  • Attendees will take away an understanding on how to integrate cash and risk management processes and systems to improve financial and strategic decision making.
  • May 27, 9:30 a.m. at Windy City Summit

“TWS Implementation Blueprint for Success”

 

  • Every implementation of a treasury workstation starts with a need. Your spreadsheets or current system may no longer work. Perhaps there are too many shortcomings in your current process. You’ll know when it’s time to make a change. This presentation will discuss the common pitfalls, obstacles, and solutions that occur during a first, second, or third implementation of a Treasury Management System.

 

  • Key stages discussed in this fast-paced session will include: resource allocation; realistic project planning; integrating the new system with the back office; going live, and troubleshooting after implementation.

 

  • Attendees will take away an awareness of all requirements for planning and executing an upgrade to their treasury management workstations.

 

  • June 2, 2:00 p.m. at New York Cash Exchange Treasury and Risk Conference

 

 

 

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

 

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Educational Session on Integrating Cash Management and Risk Management:  Minimizing Risk while Maximizing Liquidity in Multinational Organizations

LAKE ZURICH, IL – (April 28, 2016) Financial and treasury professionals in multinational companies face a formidable challenge. They must identify and then minimize all of the risk components affecting their company’s operations, while at the same time ensuring that their global operations have sufficient liquid assets to invest and support their far-flung business units.

Warren Davey, Executive Vice President of GTreasury, will explain how to meet that challenge at the New England Association of Financial Professionals’ 31st Annual Sources of Education Conference at Mohegan Sun Convention Center in Uncasville, Connecticut. More than 600 attendees are expected at the conference, New England’s premier event for treasury management education.

Davey and co-presenter Tuomas Parikka, Treasury and Risk Management Executive at Bloomberg LLP, will deliver a presentation titled, “To Liquidity …and BEYOND! Managing Global Liquidity and Risk Management Processes” at 2:30 p.m. on Monday, May 2, the first day of the three-day conference.

Attendees will learn about basic concepts of integrating cash and risk management processes, about how to identify the myriad risks that corporations face, and about overcoming the barriers to a successful technology project.

Davey and Parikka will also cite real-world examples. They will show how improvements to treasury operations led to better financial and strategic decision-making through connecting the dots between funding, investment, and risk management information that treasury teams must monitor.

Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.

About GTreasury

Originated 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

 

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Detailing the on-time, in-budget steps to rollout of today’s indispensable technological solution for strategic financial management

LAKE ZURICH, IL – (April 14, 2016)  Financial executives of corporations and institutions that are seeking to gain greater, real-time visibility into their cash positions and to improve both controls and operating processes should plan on attending Andrew Blair’s breakout session on April 18 at TEXPO’s “Blazing Trails for Treasury” Conference at the Fort Worth Convention Center.

Blair is a veteran account manager at GTreasury, the global leader in treasury management celebrating its 30th year in business  in 2016. His co-presenter is John Hernandez of GameStop Corp, a global retailer of multichannel video games, pop culture collectibles, consumer electronics and wireless services.

The duo will explain the steps and milestones needed to plan and roll out a Treasury Management System (TMS) on time and within budget. Their session, “The Five Pillars of Implementing a Treasury Management System,” will be at 1:45 p.m. on Monday, April 18.

The TMS: Indispensable Asset for Moving the Treasury Department from Supportive Role to Strategic Advisor and Risk Manager

Treasury management systems deliver critical, real-time visibility into a company’s liquidity. Such visibility enables the company to streamline its processes and operations as well as to improve financial controls. But in recent years, government regulators and supervisory bodies throughout the world have been demanding proof that institutions have sufficient liquidity at hand. These added regulatory requirements make the TMS an even more critical weapon in the treasury department’s arsenal.

“We see regulators everywhere requiring that institutions not only have the cash they need,” remarked Warren Davey, Executive Vice President of GTreasury. “They’re also insisting that the organizations have a clear understanding of their liquidity risk, both intraday and long-term. That can’t be done with spreadsheets any longer.”

Davey and colleagues will also be on hand at GTreasury’s Booth 510 throughout TEXPO, which runs April 17-19. GTreasury is one of more than 75 firms exhibiting at the conference, which is sponsored by the Alliance of Texas Treasury Associations.

About GTreasury

Originated 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

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

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Presentation at 35th Annual SOCAL Expo on April 7 Highlights to Include SWIFT Connectivity Standards and Treasury Technology for Global Financial Management

LAKE ZURICH, IL – (April 5, 2016) Corporate treasurers, chief financial officers, and senior executives who are vitally concerned with reducing liquidity risk, repatriating cash from foreign countries, and gaining better visibility into their global operations should plan on attending Warren Davey’s  breakout session at the Southern California Association for Financial Professionals 35th Annual Expo  in Los Angeles.

Davey is the Executive Vice President of GTreasury, the global leader in treasury management celebrating its 30th year in business  in 2016. He will participate in a presentation titled, “The Swiftest Way to Keep Track of Your Cash,” at 5:00 p.m. on Thursday, April 7. The Expo will be held at the Westin Bonaventure Hotel.

Solving the Challenge of Global Visibility with SWIFT and Treasury Management Systems

Lack of complete visibility into global operations, including cash and financial exposures, remains a challenge for 40% of corporate treasurers, according to the 2015 Deloitte Global Corporate Treasury Survey. But corporate treasurers who process SWIFT data into their treasury management systems enjoy full account visibility.  They can see their global cash positions in a single repository, which allows them to make informed, strategic decisions on payments and fund placements.

Topics and issues that session attendees will learn about include the concepts of interconnectivity, including current SWIFT standards; data transmission; translation services; and what data can be moved, and in what formats.  The session will also address solving treasury needs such as for transaction reporting, payments, and eBAM, among others.

The takeaways for session attendees will include a sound understanding of SWIFT connectivity and the best technologies for treasury management.  Those who are unable to attend the SOCAL Expo and who wish to learn more about GTreasury solutions may click here for more information.

About GTreasury

Originated 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. 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.

Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.

 

 

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Recognizing and Capitalizing on Market Trends, Collaborating with Customers to Meet Specific Treasury Management Requirements Brought Success and Staying Power

LAKE ZURICH, IL – April 1, 2016 – For a while, early in his career, Orazio Pater was persona non grata in the banking world. You couldn’t find a banker who was willing to buy the Milan, Italy native a cup of coffee.  No wonder.  He was the first to take away the handsome, effortless profits that banks made on float from non-interest-bearing deposits.

Nowadays, it’s entirely different. Banks, along with many multinational corporations, have been among the best and most loyal customers of Pater’s firm, GTreasury. For the last thirty years, the company has grown organically to the point where it stands today as the premier liquidity management firm in the world.

How Many Banks, How Many Dollars?

Back in 1970, while Pater was attending graduate business school at the University of Minnesota, he had a job in the newly created office of the treasurer at Honeywell, Inc. One day he asked his boss, “How much money do you think we should have in the bank?” The man thought a minute and guessed, “Oh, maybe $21 million.”

Pater went back to his cubicle and began dialing. Later that day he produced a tally sheet showing some $85 million on deposit, in checking accounts, at approximately 80 banks. He and his boss transferred about $65 million to interest-bearing accounts and short term investments that paid up to 15% in those heady days. For the year, they generated around ten percent of Honeywell’s net profit.

“We essentially sucked all the float out of the banks. That was the first time we started managing cash based upon what the banks had on deposit rather than upon what our checkbook said,” Pater recalls.

Harnessing Evolving Technologies, from Mainframes to Personal Computers

Those were the days when mainframe computer time-sharing was the only way to tap into the power of information technology. Pater convinced a couple of Honeywell engineers to undertake a skunkworks project and write him some code. He then went looking for a way to collect data from the banks and found it at National Data Corporation (NDC), a telephone-based credit-card authorization business in Atlanta.

The result was the world’s first treasury workstation. Honeywell’s banks would call in the balance figures to NDC, which entered the data into the system and gave Pater and his team accurate, current information on the company’s cash position.

In 1974, Pater moved to Atlanta and ran NDC’s first cash management division. The business grew steadily to $45 million in sales. Its clients included 12,000 corporations and 200 large banks.

But by the 1980’s, personal computers were taking over the business world. Pater saw that mainframes would soon give way to desktops and minicomputers. National Data was hesitant about cannibalizing or moving away from its lucrative time-sharing-based business. So Pater and his wife Peg made their move.  They bought a portion of an Illinois financial services company that specialized in PC technology.  They created a new company called Gateway Systems, and set out to provide treasury management services using what they saw would be the next big thing in IT.

Collaboration with Customers – the Secret of Success

Gateway’s breakthrough client was the American Express Company. Its offices in Germany needed to serve migrant workers from Turkey, who wanted to send money home to their families.

Pater and his team designed a system where the workers would bring their cash to an AmEx office. The manager would key the information into a personal computer and send it to Gateway. The next morning, funds would be available at any of 19 banks in Turkey.

In the mid-90s, after a successful stint in Italy where they served two major banks, Gateway refocused on the US market. They worked with Prudential Insurance to develop an enterprise-level treasury workstation.  A few years later, General Electric and Gateway collaborated on design of a treasury management system to serve all GE facilities. That product, GE WebCash, is still in operation; more than 5,000 GE workstations around the world access it every day.

A New Name, New Worlds to Conquer

In 2008, Gateway changed its name to GTreasury, which more accurately reflects the company’s sweet spot and sole strategic focus, treasury management.  Each day, transactions and transfers in excess of $40 billion course through treasuries that use GTreasury’s software.  Pater notes that the cloud computing of today is similar to the mainframe time-sharing that was his launch pad into the business more than 40 years ago.

“The move to the cloud means an increase in the use of shared resources, but the cost structure is very different from the mainframe. With every transaction, there was additional mainframe computer time and an additional fee. The cost curve was linear. That’s not the case with the cloud,” he explained.

“We’ll undoubtedly see continued, incremental changes in the technology. But the mission will always be the same – to illuminate the treasury’s liquidity by centralizing all incoming and outgoing banking activities, whatever the technology may be. “

 About GTreasury

Originated in 1986, GTreasuryis the leader in treasury management solutions for organizations spanning the globe. GTreasury’s solution focuses on illuminating a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities, thereby granting GTreasury practitioners real-time insight and access into their global liquidity. 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.

Media Contact: Ashley Pater, GTreasury. Email: apater@gtreasury.com. Phone: (847) 847-3743.

 

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