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Chicago – February 14, 2019 – GTreasury was recognized by Global Finance magazine for its modern SaaS treasury management system (TMS) with a 2019 award for Best Application/Use of Digital Technologies in Treasury Management. GTreasury offers a single solution for integrated cash management and risk management capabilities.

“This award demonstrates that corporate treasury teams are looking to GTreasury as the path forward for managing their treasury organizations with modern technology,” says Alok Tyagi, Chief Product and Technology Officer at GTreasury. “We couldn’t be more pleased than to have the industry recognize GTreasury as the kind of TMS corporates want – an open SaaS platform that uses modern Cloud technologies and continuously delivers new innovation so teams can work smarter with each other, their banks, and other third parties in their treasury ecosystem.”

GTreasury’s client, Baird, was also recognized recently for its use of APIs and RPA in Treasury and Risk magazine’s 2019 Alexander Hamilton Awards. Baird will receive its award in an upcoming webinar on April 24, when it will brief registrants on the details of its use case.

Global Finance uses a multi-tiered assessment approach in their award process. This includes entries from banks and providers and input from industry analysts, corporate executives, technology experts and independent research to select the best providers of treasury and cash management services.

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 treasury organization. Using GTreasury’s modern technology platform, treasury organizations can configure any combination of Cash Management, Payments, Financial Instruments, Accounting, Banking, Risk Management, and Hedge Accounting, in one, integrated SaaS solution. Having acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago. GTreasury is backed by San Francisco-based growth equity firm, Mainsail Partners.

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Chicago – January 29, 2019 – GTreasury won Best Customer Experience in the 2018 Awards for Innovation and Excellence, hosted in London last week by Treasury Management International (TMI) magazine. The award recognizes GTreasury’s superior customer service and the usability of its single SaaS solution for treasury and risk management.

“This award highlights the powerful experience that comes from GTreasury’s long-standing commitment to both service and technology innovation,” says Renaat Ver Eecke, GTreasury’s Chief Executive Officer. “It underscores GTreasury’s tenet of keeping clients at the center of our business. We are honored that the industry has recognized GTreasury’s continuous delivery on this core principle.”

As TMI reports, “The judges praised the fact that GTreasury acts as a digital backbone for treasury, connecting different parts of the enterprise for the free flow of data and intelligence. The system’s modular design and the GTreasury team’s deep expertise were additional deciding factors.”

“We were delighted to award GTreasury with Best Customer Experience in the Technology awards category, thanks to its service and its innovative integration with Visual Risk, which it acquired in April 2018,” says TMI publisher Robin Page. “We were very impressed by the flexibility of its offering, which allows corporates to implement any combination of cash, payments and risk in one SaaS solution.”

TMI reported a record number of nominations and submissions for the TMI Awards for Innovation and Excellence across both bank, supplier and corporate categories.

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 treasury organization. Using GTreasury’s modern technology platform, treasury organizations can configure any combination of Cash Management, Payments, Financial Instruments, Accounting, Banking, Risk Management, and Hedge Accounting, in one, integrated SaaS solution. Having acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago. GTreasury is backed by San Francisco-based growth equity firm, Mainsail Partners.

GTreasury to Build on Growth with New CEO

January 21, 2019 | Ashley Pater
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GTreasury to Build on Growth with New CEO

  • SaaS Executive Renaat Ver Eecke Takes Helm as GTreasury’s CEO
  • Founder Orazio Pater Now Executive Chairman of the Board
  • Record-breaking 2018 with 64% year-over-year revenue growth

Chicago – January 21, 2019 – GTreasury opened the New Year with a record-breaking 2018 and the appointment of a new Chief Executive Officer, Renaat Ver Eecke. Orazio Pater, founder and former CEO of the innovative, SaaS treasury management systems provider, retired to assume his new post as Executive Chairman of the Board.

“I couldn’t be more pleased to have Renaat lead GTreasury to its next level of growth,” says Pater. “Not only do I trust Renaat with what we have already built here at GTreasury, but I know the company and our clients will thrive under his leadership. He’ll bring a discipline and rigor to both the software and the service, keeping client needs at the center of his strategy.”

Pater, an early pioneer of automated treasury management systems, founded GTreasury in 1986 to make work easier and more rewarding for treasury professionals. His succession plan over the past year-and-a-half saw a $42 million investment from growth equity firm Mainsail Partners, an expanded C-suite, the acquisition of leading risk management provider Visual Risk, and the introduction of a modern single solution for integrated treasury and risk management. By the end of 2018, the company experienced a record-breaking 64% year-over-year revenue growth.

“GTreasury’s business is built to win,” Ver Eecke says. “It has the people, the product and the investment behind it. This equates to a win for all treasury professionals, and I’m honored to have the opportunity to build on what Orazio has done here so well.” GTreasury serves over 750 large and mid-size treasury organizations across 31 industries throughout North America, EMEA and APAC.

Ver Eecke brings to GTreasury twenty years of proven experience in growing technology businesses. Most recently he was President of Teletrac Navman, a $200 million global SaaS business, which he led to double-digit growth. Prior to his role as President, he served as Chief Service Officer, building a services team across 14 countries by embracing a management discipline grounded in continuous improvement and deep customer insight.

To find out more 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 treasury organization. Using GTreasury’s modern technology platform, treasury organizations can configure any combination of Cash Management, Payments, Financial Instruments, Accounting, Banking, Risk Management, and Hedge Accounting, in one, integrated SaaS solution. Having acquired Sydney-based Visual Risk, GTreasury’s global footprint now spans North America, EMEA and APAC, with headquarters in Chicago. GTreasury is backed by San Francisco-based growth equity firm, Mainsail Partners.

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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.

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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
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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.

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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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