News

Read More

Chicago – November 4, 2018 – The first corporate treasury clients to use both cash and risk capabilities on GTreasury’s new single SaaS solution for treasury and risk management are now live, GTreasury announced today at the annual conference of the Association for Financial Professionals (AFP), taking place in GTreasury’s headquarter city, Chicago. Visitors there can see a demonstration of GTreasury at booth #849.

GTreasury selected key clients from North America, EMEA and APAC to take part in the BETA testing of its integrated treasury and risk functionality. Testing began in August this year, after GTreasury’s April 2018 acquisition of Sydney-based Visual Risk, provider of the region’s leading risk management solution, which like GTreasury, was built on the Microsoft technology stack. GTreasury now offers any combination of Cash Management, Payments, Financial Instruments, Accounting, Banking, Risk Management, and Hedge Accounting in one SaaS solution.

“Our migration to the new solution has been seamless, mainly down to the expertise and attention of the fantastic customer services team,” says Ed Hawthorn, Treasury Operations Manager at CPA Global, one of GTreasury’s BETA clients. “Equally, the new solution is extremely intuitive and user-friendly, which is making its functionality and rollout to other areas of Finance outside of Treasury an infinitely easier experience.”

This announcement confirms Aite Group’s research findings that—to support corporate treasurers’ specific business workflows— innovative treasury solutions take the form of platforms that integrate core treasury functions (e.g. payments, cash, liquidity) with ‘mission critical’ components (e.g., hedge risk management, FX and money market management),” says Aite Group Analyst Enrico Camerinelli.

“We are very excited for this milestone moment in corporate treasury,” says Alok Tyagi, GTreasury’s Chief Product and Technology Officer. “What this means for the treasury function is that it now has a modern technology platform – a digital backbone, if you will – that gives treasury teams the data and digital tools to innovate an end-to-end workflow that works for their organization. With the free flow of data across all treasury activities, teams will gain the clarity and insight needed for more informed decision-making.”

As a Lean Agile shop practicing continuous improvement and delivery, GTreasury leverages direct customer feedback and usage insight data to deliver impactful new customer value in every release. GTreasury acquired Visual Risk in response to requests from clients and prospects who wanted to perform both cash and risk activities within one system.

To find out more about GTreasury, please visit www.GTreasury.com or email  Marketing@GTreasury.com.

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. Having recently acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago.

Read More

Strong Leadership, Customer Focus, Global Growth for SaaS TMS

Chicago – November 1, 2018 – GTreasury announced today that it has hired financial technology and C-suite veteran Kirk Dauksavage to drive sales globally as its Chief Revenue Officer. GTreasury provides software-as-a-service (SaaS) for integrated treasury and risk management to corporations in the North America, EMEA and APAC regions.

“Kirk’s leadership is a game changer for the market, and the market will feel his influence across every customer touch point,” says GTreasury Chief Executive Officer Orazio Pater. “As CRO, Kirk will not only lead sales with deep insight into treasury’s needs across all the regions we serve, but also deliver that insight back through the various ways we serve the market.”

Dauksavage’s experience spans decades with leading financial and high tech firms. Most recently, he served as CRO for the pioneer of payment cycle management solutions, Billtrust. He was also Executive Vice President of Global Sales and Marketing at ASG, a $300 million software company he joined when it acquired RiverGlass, where he served as CEO. RiverGlass provided advanced data mining to government agencies and Fortune 1000 Companies. Dauksavage has also held executive positions at CheckFree Corporation, BlueGill Technologies, Korn/Ferry International, and Intuit.

“It’s an exciting time in treasury for a growing SaaS provider,” says Dauksavage. “Companies are adopting digital solutions faster to make work easier and more impactful. They want it now, they want it easy to buy, and they want it to help them with new initiatives, well into the future.”

For more information about GTreasury, visit www.gtreasury.com or email marketing@gtreasury.com.

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

GTreasury to Join FedEx and Lockton at AFP Chicago

October 30, 2018 | Ashley Pater
Read More

Showing Treasury and Finance a New Way to Review Bank Fees


Chicago – October 30, 2018 – Treasury and finance practitioners can save money by thinking differently about their bank account analysis statements, says GTreasury Senior Product Marketing Manager Stacey Gilmore, who will join executives from FedEx and Lockton in a live session at this year’s Association for Financial Professionals (AFP) conference. The session, The Power from Within: A New Way of Reviewing Bank Fees, will take place on Monday, November 5 at 10:30 a.m. in room W196C, where attendees will also earn CTP/CCM and CPE credits.

“Most treasury professionals don’t take the time to look at what’s in the invoice and determine whether their pricing and services are correct,” says Gilmore. “But if they look at the invoice as a data mining tool, they will be able to negotiate better pricing, determine better services, and streamline internal processes within the organization.”

Session details are as follows:

Who: Stacey L. Gilmore, Senior Product Marketing Manager, GTreasury; Raymond A. DePaul, Treasury Advisor, FedEx Corporation; Rob Nagel, Treasury Manager, Lockton Companies.

What: A panel session discussing The Power from Within: A New Way of Reviewing Bank Fees, by which attendees can also earn CTP/CCM and CPE credits.

When: Monday, November 5 from 10:30 a.m. to 11:45 a.m.

Where: Room W196C at AFP 2018, the annual conference of the Association for Financial Professionals (AFP), held this year at McCormick Place, 2301 S King Dr., Chicago, IL 60616.

Why: Too often, treasury and finance professionals leave money on the table because they don’t take time to review the fees assessed on their bank account analysis statements.  By shifting their thinking and reexamining banking fees in a different way, practitioners can streamline treasury-related procedures, uncover inefficiencies throughout the organization, and decrease expenses.

AFP attendees can find out more about GTreasury by visiting booth #849. All interested parties can find out more by visiting www.GTreasury.com or email Marketing@GTreasury.com.

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. Having recently acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago.

Read More

Chicago – October 10, 2018 – Corporate treasury departments accounting for derivatives under FASB’s ASC 815 hedge accounting standard can now use a new software module from GTreasury to comply with the accounting standard update (ASU), effective January 2019 for public companies. GTreasury is an integrated SaaS solution for treasury and risk management.

“Mandatory reporting is right around the corner, and our clients will be able to benefit now,” says GTreasury Vice President of Market Development, Risk, Peter Seward. “These are very positive changes to the North American hedge accounting standard that will bridge the gap between the accounting and economic outcomes of derivatives use, and will in most cases, help reduce P&L volatility. The release of our new module underscores GTreasury’s visual approach to complex topics, and it complements our well-known cash management and debt and investment offerings, reinforcing GTreasury’s position as a leading treasury and risk management system.”

Using GTreasury’s new module, companies can execute on:

  • Relaxation of the change in the lesser of the cumulative change (30(b)) rule for cash flow and net investment hedges, resulting in reduced P&L volatility
  • Hedging of the benchmark rate for interest rate fair value hedges
  • Treatment of option time value, currency basis and FX forward points as excluded components of OCI
  • Amortization of option time value and FX forward points
  • Partial Term hedging of interest rate exposures
  • Hedging of the contractually specified interest rate for IR cash flow hedges
  • Qualitative retrospective effectiveness assessment

The FASB issued its final accounting standard update last August, with early adoption permitted. At that time, it reported: “The new standard refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes, for investors and analysts.”

For more information about GTreasury, or to schedule a demonstration of the new ASU for ASC 815 module, please visit www.GTreasury.com or email marketing@GTreasury.com.

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.

 

PR Contact: Zoe Sochor, +1.646.581.3277, ZSochor@GTreasury.com

Read More

Geneva – September 26, 2018 – New functionality introduced in GTreasury’s latest product development cycles builds upon the integration of its global cash and risk management system, an effort which began earlier this year when GTreasury acquired Sydney-based Visual Risk. Corporate treasury professionals attending this year’s #EuroFinance International Treasury Management conference in Geneva can see a demonstration of GTreasury’s SaaS treasury and risk management system at stand #L25/26.

“Our promise to deliver a truly integrated, single treasury and risk management solution to the marketplace is quickly materializing thanks to the flexibility of the cloud,” says Alok Tyagi, GTreasury’s Chief Product and Technology Officer. GTreasury and Visual Risk are both built on the Microsoft Cloud stack. “This means that global treasury departments will be able to operate seamlessly across activities and jurisdictions, and demonstrate their business decisions to colleagues outside of treasury using visual analytics and reporting.”

GTreasury updates its SaaS treasury and risk management system in six-week development cycles. To date it has integrated Visual Risk functionality into its Financial Instruments module and continues to add risk functionality from Visual Risk’s SaaS solution. Its latest development cycles make enhancements to GTreasury’s usability and extensibility across the financial ecosystem.

GTreasury’s new API Portal brings its ever-growing repository of APIs and detailed instructions for developers together in one place. APIs provide two-way interconnectivity between applications and are central to GTreasury’s core product strategy and architecture. Using the API Portal, companies can more quickly and easily integrate key GTreasury functions into their back office environments. APIs make GTreasury’s functionality more extensible across internal, external and mobile channels, and they allow users to perform certain functions, such as creating, updating, and viewing fields, querying balances and enabling or disabling accounts from other applications.

Enhancements to GTreasury’s user interface and navigation improve the user experience with a single sign-on and easy access to favorite worksheets using visual icons, dashboards and a new login screen with access to information about new releases, upcoming events, and the latest GTreasury news. These enhancements and ongoing integration work will culminate in a common look and feel and a common database for a seamless user experience across cash and risk activities.

GTreasury is a technology sponsor of this year’s EuroFinance conference, being held from September 26-28 at the Palexpo in Geneva, Switzerland. Over 2,000 financial professionals from more than 50 countries are expected to attend the conference, now in its 27th year.

For more information about GTreasury, visit www.GTreasury.com or email Marketing@GTreasury.com.

 

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. Having recently acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago.

 

PR Contact: Zoe Sochor, +1.646.581.3277, ZSochor@GTreasury.com

Read More

Chicago – September 24, 2018 – Corporate treasury organizations struggling to gain visibility into global cash will have an opportunity to hear from their peers and SaaS treasury and risk management provider, GTreasury, in a panel discussion at EuroFinance’s International Treasury Management conference in Geneva. The session, “Removing the Pain from Global Cash,” will be held on Thursday, September 27 at 3:40 pm, with further discussions on cloud technology and treasury and risk management at GTreasury’s stand #L25/26.

Dr. Alankar Karol, Managing Director, EMEA, GTreasury will join the panel with Christel Sahyoun, Head of Corporate Finance & Cash Management at Constellium and Stefan Windisch, Senior Cash Manager, Treasury Operations at F. Hoffmann-La Roche.

According to conference organizers, “Global cash visibility is still one of treasurers’ key concerns…without visibility, treasurers cannot adequately control and mobilize group cash, create usable forecasts, manage FX risk or maximize returns from excess cash.”

GTreasury is a technology sponsor of this year’s EuroFinance conference, being held from September 26-28 at the Palexpo in Geneva, Switzerland. Over 2,000 financial professionals from more than 50 countries are expected to attend the conference, now in its 27th year.

For more information about GTreasury, visit www.GTreasury.com or email Marketing@GTreasury.com.

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. Having recently acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago.

PR Contact:
Zoe Sochor, +1.646.581.3277
ZSochor@GTreasury.com

Read More

Chicago – September 17, 2018 – Corporate treasury departments should decide now how they are going to roll over their hedged debt as interest rates rise and existing exposures mature, even if maturity is in the next year or two, says GTreasury Vice President of Market Development, Risk, Peter Seward.

“Now is the time to act because existing hedges are going to roll off, and if they were put on a few years ago, companies are going to experience an inescapable, sudden increase in the cost of funds. And the way rates will move over the next six to 18 months will further impact the cost of funds,” Seward said in a recent webinar hosted by GTreasury and Strategic Treasurer. During the webinar, “Interest Rate Volatility: A Decade’s End Game,” Seward demonstrated the benefits of scenario analysis and simulation to model future cost of funds.

Almost half (49%) of 200 poll respondents indicated that rising interest rates are impacting the level of debt they maintain, their investment portfolio, or both. “This tracks almost exactly to Strategic Treasurer and TD Bank’s major Treasury Perspectives survey completed at the beginning of 2018, indicating a consistent and sustained impact of this view among corporations,” said Craig Jeffery, Founder and Managing Partner at Strategic Treasurer.

Using scenario analysis and simulation models in the GTreasury system, Seward demonstrated the impact on a rolled, unhedged credit facility, given various market outcomes, including a credit crisis, which 29% of respondents said was their greatest fear with regards to the current interest rate environment. Fifty-five percent said their greatest fear was that a continued rate hike would significantly increase the cost of borrowing. “Delaying assessment is going to be expensive,” Seward said. “Now is the time to think not just about next year, but the year after that.”

Eighty-five percent of respondents said they use some approach to assessing interest rate risk (scenario analysis, simulation models, advice from lenders, etc.). Seward encouraged the audience to continue using a mix of approaches to gain context. “Adopting a systematic approach and having systems appropriate to your organization to do that analysis is very important. Because in the end, the recommendation from treasury will go up to the CFO and the Board, so being able to present and argue your case is important,” he said.

To view the webinar on demand, go to http://resources.gtreasury.com/Interest-Rate-Volatility-Recording-Reg.html. For more information about GTreasury, visit www.GTreasury.com or email Marketing@GTreasury.com.

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.

 

PR Contact:
Zoe Sochor, +1.646.581.3277
ZSochor@GTreasury.com

Read More

Bolsters Risk Management and Hedge Accounting for Strategic Treasury

Chicago – August 2, 2018 – On the heels of its market-changing acquisition of Sydney-based Visual Risk, treasury and risk management solution provider GTreasury has added U.S.-based risk expert, Peter Seward to its team of corporate treasury specialists, globally. Seward will serve the market as GTreasury’s Vice President of Market Development, Risk, working with prospective corporate treasury clients in understanding how to apply technology to better manage risk and its impact on cash.

“Peter is a rare find,” says GTreasury Chief Executive Officer Orazio Pater. “The combination of his deep knowledge and experience in bringing innovative SaaS solutions to corporate treasury’s most complex problems is great news for our customers and for the market at large. He will continue to translate the needs of the market across GTreasury’s innovation teams to help companies on their path to a more strategic treasury.”

For 10 years Seward led the product strategy at Reval, where he worked with Big 4 consultants and corporate treasurers to bring many technology firsts to market. Among these innovations were modules for new accounting standards, such as the accounting standard update to ASC 815 for hedge accounting, ASC 820 for fair value disclosure and IFRS 9, and an advanced module for Cash Flow at Risk (CFaR).

Seward’s technology expertise reaches far across the spectrum, from mobile applications to facial recognition for payments approval. As an early SaaS pioneer and advocate in treasury, Seward has shared his expertise as an author and speaker in the industry. Prior to Reval, Seward was a Sales Engineer at Principia Partners and a Senior Consultant for Integrity Treasury Solutions.

“I’m excited to be working with GTreasury – the best kept secret in the industry,” Seward says. “Its SaaS is built on the modern Microsoft Azure platform, which enables companies to grow globally without disruption and leverage the analytical power of managing cash and risk together. With its emphasis on service, its rich heritage in cash management and payments, and its ongoing integration of Visual Risk’s intuitive and visual risk management and hedge accounting capabilities, GTreasury’s SaaS solution is a win for corporate treasurers, globally.”

GTreasury acquired Visual Risk in April 2018 to bring an integrated treasury and risk management solution to corporate treasurers across North America, EMEA and Asia Pacific. For more information about GTreasury, visit www.GTreasury.com or email marketing@GTreasury.com.

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.

Hundreds of businesses use GTreasury to empower operational efficiency and strategic decision making. Join them today

Request a Demo