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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

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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

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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

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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

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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.

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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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