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Technology Transformation Leader Petar Srejovic Joins GTreasury
SaaS TMS Bolsters Growth with New Tech Chiefs

Chicago – June 17, 2019 – GTreasury has created two technology positions to support its continued growth, hiring technology leader Petar Srejovic as Chief Technology Officer and appointing Ashley Pater as Chief Product Officer. GTreasury, which offers corporate treasury organizations a single SaaS solution for integrated cash and risk capabilities, is on track to grow its subscription revenue by 30% in 2019.

“We are at an inflection point in our growth where each facet of technology development and delivery requires its own, laser-like focus,” says GTreasury Chief Executive Officer Renaat Ver Eecke.  “With Ashley’s deep knowledge of treasury’s requirements and Pete’s cross-industry experience in developing digital platforms and the operational frameworks to deliver those to market, we are ensuring our focus is sharp and collaborative.”

“GTreasury has a phenomenal foundation of capabilities and really understands the functional needs of its clients,” Srejovic says. “Innovating with new technologies will continue to light up the offering GTreasury has today and allow us to expand with new analytics and insights. I’m looking forward to delivering on a seamless client experience for corporate treasuries, globally.”

Srejovic has been driving technology transformation and delivery at the world’s largest organizations for nearly 20 years. Most recently, he was CTO at SHL, a spin-off from Gartner Inc., where he was responsible for over 150 employees globally within product engineering, technology delivery and technology operations. Prior to joining SHL, he was the Global Head of Technology at research firm Morningstar and began his career in consulting at KPMG and Accenture before moving into analytics and technology at Nielsen.

“I’m excited for our clients and for the future of treasury as it continues to deliver on the competitive advantages of evolving business models,” Pater says. Pater is part of GTreasury’s founding family. She has worked with clients and prospects over the last decade to inform development from her positions in product, sales and marketing. As Chief Product Officer, Pater oversees product vision and strategy, ensuring that global teams are aligned with GTreasury’s business objectives.

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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GTreasury Named One to Watch by CFO Magazine

Chicago – May 21, 2019 – CFO magazine named GTreasury a technology company that CFO’s should keep an eye on for the intelligent tools it offers the finance function, in this year’s annual list of Tech Companies to Watch 2019. GTreasury’s SaaS-based, digital treasury platform offers companies a single solution for integrated cash management, payments, and financial risk management capabilities.

CFO.com, which says it has the largest community of finance executives in the world, cites GTreasury among “…a group of technologies helping companies unearth the actionable information hidden in their mountains of data.” GTreasury is a unifying technology that connects treasury’s ecosystem of functions and third-party services to create a seamless, end-to-end workflow and a single source of truth for all of treasury’s data. Using GTreasury, companies have the business insights necessary to make informed decisions, quickly.

“We are thrilled that CFO has recognized GTreasury’s innovation in helping treasury work smarter,” says GTreasury CEO Renaat Ver Eecke. “The real winners are the many companies using GTreasury that are making better decisions because they have both the tools and the clarity to visualize, act on and report on centralized information.”

CFO.com notes in its April/May cover story that “…efficiency replacing drudgery is hardly the primary aim. Filling the organizational thirst for better information, information that has a rich context and, when acted on, has a large impact on performance, is the holy grail.”

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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Baird Awarded for Harnessing Technology with GTreasury

Chicago – May 15, 2019 – Baird was highly commended last week with Treasury Today’s coveted Adam Smith Award for Harnessing the Power of Technology, using GTreasury – provider of a SaaS platform for integrated cash management and risk management. This is the second industry award the international financial services firm won for its collaboration with GTreasury on an API-enabled transaction assignment and posting project for automated reconciliation matching.

“We couldn’t be happier for the Baird team for their innovation and collaboration on this project,” says GTreasury Chief Product Officer Ashley Pater. “They embody the concept of partnership and are a model for how corporate treasuries can advance their organizations and the industry.” Baird was previously recognized with an Alexander Hamilton Award for Technology Excellence. Baird will be honored by Treasury Today in a June awards ceremony in London, and its story will be profiled in the magazine’s upcoming Adam Smith Awards Yearbook 2019.

Baird chose GTreasury for its flexibility in automating transaction-matching for account-reconciliation processes. GTreasury’s Transaction Assignment Engine is compatible with data sources of any type or volume, and can import from any ERP, banking or financial application. The cloud-based application’s matching engine can process massive data volumes.

Focusing on automating real-time client transactions to its back office system helped Baird reduce the risk of human error, save time, increase volume, and do more without increasing headcount.

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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GTreasury’s SaaS TMS Update Highlights Single Solution, Single Brand

Chicago – May 6, 2019 – GTreasury’s first quarterly software update in 2019 coincides with the one-year anniversary of its acquisition of Visual Risk and the beginning of its delivery of a single SaaS solution for treasury and risk management. The Q1 release builds upon the single solution and highlights the integration of operations globally under a single GTreasury brand.

“We are commemorating the successful integration of our single solution with a new brand identity, signaling our way forward as one company,” says GTreasury Chief Executive Officer Renaat Ver Eecke. “Our global team is united in our focus on continuous innovation and service, grounding every decision, big and small, in the client experience.”

GTreasury updates its digital TMS platform using the Agile approach to delivering continuous innovation with major updates each quarter. Among the many updates from Q1 are major improvements to Payments and Financial Instruments and further enhancements to GTreasury’s well-known Cash Management worksheets.

Using GTreasury, companies can leverage new ways of processing payments, such as point-of-purchase payments made through Zelle and other digital networks. Treasury can also service the entire organization, centralizing payments processing for better control and accuracy using GTreasury’s high-performance payment imports and extracts. These new tools enable Treasury to service the large volume files or unique and complex payment files common in other departments, such as Accounts Payable. Treasuries can also support their expanding businesses by tracking high volume wires and cross-border payments more efficiently, leveraging GTreasury’s certification with the SWIFT gpi initiative.

Updates to Financial Instruments in GTreasury simplify the complexities of deal management and support new and existing deal types. The new Renegotiation capability allows users to make changes or updates to a deal easily with a streamlined workflow. Users can unwind or re-position loan deposits or asset backed securities and see details of deal history and versioning.

New deal management and event processing updates simplify and improve the creation and management of balances and payments through the entire deal lifecycle. GTreasury’s new money market deal type allows users to easily manage money market investments or issuances with details-at-a-glance on any cash position. In addition, expanded FX mirror trading instruments now include swaps and spots as well as forwards, and back-to-back trades now allow for allocated cash flows. Users can also create new Accrual General Ledger entries for reporting withholding tax.

Keeping the user experience at the center of new updates, GTreasury’s newly designed Cash Management Worksheet Set-Up makes creating worksheets more flexible and intuitive. Users can quickly build and preview their progress with drag and drop functionality and more easily create formulas, which simplifies the whole process.

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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Baird Wins Award for Payments API Innovation with GTreasury

Chicago – April 26, 2019 – Baird, an international financial services firm with $211 billion in client assets, was recognized this week with a silver Alexander Hamilton Award for API-enabled payments posting, which it collaborated on with GTreasury, provider of a SaaS platform for integrated cash management and risk management. The project is profiled in Treasury & Risk magazine, which also presented Baird with the award in a webcast on April 24.

“Having really good collaboration with the vendor makes or breaks a project like this,” Huse says in the Treasury & Risk profile. “It’s very important to challenge the norms. Treasury needs to think creatively and partner with internal colleagues and internal clients to come up with ideas for better treasury solutions, and then find a vendor that will help bring those ideas to fruition.” Baird built a hosted, external facing API server and collaborated with GTreasury to integrate an API-enabled transaction assignment and posting engine for automated reconciliation matching. Because GTreasury is a multitenant SaaS treasury management system (TMS), this functionality is now available to all GTreasury clients.

“Baird exemplifies the kind of innovative thinking by corporates who are leveraging new technologies that are available today,” says Roger Comins, Senior Product Manager at GTreasury. Comins, who is responsible for GTreasury’s Payment Factory and Partner Ecosystem solutions, opened the award webcast with an overview of innovative technologies and how they can be applied by corporates.

“We work in a real-time environment, with wires coming in throughout the day,” explains Baird Director of Client Reporting Steve Huse in the firm’s Treasury and Risk profile. “These payments are very time-sensitive—they might meet a margin call or fund an imminent purchase.” An automated receivables-posting process now allows Baird to better service clients while saving time and reducing risk. “We have more time to spend on value-added tasks like reporting and forecasting,” Huse comments.

Treasury and Risk also reports that “Baird didn’t find any SaaS-based treasury systems that provided these types of connections. However, a thorough due diligence process revealed that GTreasury was interested in accommodating the company’s needs. The vendor provided a proof of concept to demonstrate how the system could work, and Baird decided to move forward.”

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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GTreasury Awarded Best Digital Technology in Treasury Management

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.

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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.

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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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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

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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.

 

 

 

 

 

 

Press Release: 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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Great Plains Energy Flips the On Switch for GTreasury

Lake Zurich, IL – GTreasury announced today that Great Plains Energy Incorporated, has gone live with their GTreasury platform.  With only a four month implementation, Great Plains Energy is now utilizing GTreasury to manage their cash, financial instruments, and related accounting activities.

Prior to GTreasury, Great Plains Energy was using an aging treasury management system that operated on a single standalone terminal. Their decision to migrate to a different platform stemmed from the inability to access their previous solution remotely, the previous solution’s failure to forecast, and anticipated improvements in overall usability, functionality, and reliability. Jim Gilligan, Assistant Treasurer at Great Plains Energy, stated “We needed a SaaS based solution that was user intuitive, had the capability to integrate with our ERP, and combine a wide variety of fields for our Chart of Accounts. GTreasury was one of the only vendors who were able to able to meet all of our requirements.”

The speedy implementation was a team effort. “The availability of the solutions team to help us with any questions or issues was great. They were quick to respond to our inquiries, and overall provided a seamless implementation,” Mr. Gilligan stated.

The Great Plains Energy and GTreasury partnership will shine, while continuing to illuminate their treasury activities.

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.

About Great Plains Energy:

Headquartered in Kansas City, Mo., Great Plains Energy Incorporated (NYSE: GXP) is the holding company of Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company, two of the leading regulated providers of electricity in the Midwest.  Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company use KCP&L as a brand name.  More information about the companies is available on the Internet at: www.greatplainsenergy.com or www.kcpl.com.

Media Contact

Ashley Pater

Marketing Director

847-847-3706

Marketing@GTreasury.com

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Lake Zurich, IL– GTreasury, the global leader in liquidity management, is pleased to announce an extension to their SWIFT partnership.  As the first Alliance Lite2 business partner in North America, GTreasury has now augmented their offering by incorporating SWIFTRef data for their clients.

SWIFTRef is a dynamic repository of SWIFT BIC codes and allows GTreasury users the ability to look up BIC codes directly within GTreasury.  Orazio Pater, COO of GTreasury stated, “By working with SWIFTRef data, our clients will be able to onboard and map their reporting banks and accounts into GTreasury with greater ease than in the past – this will help us load banking data quicker and give our clients faster insights and ROIs on their core banking functions.”

In addition, GTreasury has incorporated this functionality into their already award-winning Funds Transfer module, which now allows clients the ability to look up or reverse engineer routing codes for unknown or non-repetitive based payments.   Pater comments, “The workflow functionality of our Funds Transfer module is second to none, and we now have the ability to confirm banks and routing codes, lookup and screen payments against OFAC and other watch lists, and do so all within the normal user’s payment workflow”.

Stacy Rosenthal, Head of Value Added Services at SWIFT Americas, comments “SWIFT is pleased to expand our relationship with GTreasury, they have proven to be a very supportive partner.  We look forward to GTreasury extending their solution offering beyond connectivity to include SWIFTRef as a part of their application suite.”

With the ability to provide Alliance Lite2 connectivity and messaging, along with SWIFTRef data all in one centralized location, GTreasury enhances what is already widely considered the most full-bodied solution for treasury departments worldwide.

For more information on GTreasury’s payment and liquidity solutions visit www.GTreasury.com

Media contact:

Ashley Pater

847-847-3706

Marketing @GTreasury.com

 

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Lake Zurich, ILGTreasury is pleased to announce it is the first company in North America to be selected by SWIFT as an Application Service Provider (ASP). As a SWIFT ASP, GTreasury will be able to offer an integration of SWIFT’s cloud-based solution for connectivity and messaging, Alliance Lite2, with GTreasury’s application suite.

As a secure cloud based service, Alliance Lite2 is the simplest way for an organization to connect directly to the SWIFT network and has quickly become the solution of choice for mid-tier corporate treasuries.  Alliance Lite2 supports all SWIFT message formats, standards (FIN) and file types (FileAct), as well as automated and manual exchange of messages and files.

Through this relationship, organizations will be able to rely on GTreasury for their SWIFT connectivity, and the accompanying functionality associated with translating and transmitting their SWIFT data; including:

  • Receiving, processing, and analyzing bank statements for both prior day and current day
  • Receiving  and storing bank based eStatements for reporting and auditing
  • Initiating funds transfers and other payment activities through SWIFT membered financial institutions
  • Global payment verification including bank lookups, OFAC checking and other anti-money laundering techniques
  • Sending and receiving eBAM messages

With both systems being cloud-based, customers will not need to install or maintain any extensive software or hardware at their site. Since GTreasury is not a service bureau, but a dedicated treasury solution, users will be able to eliminate IT needs and access their information hassle free. Orazio Pater, COO of GTreasury, stated “clients will be able to get to the root of their information and not have to worry about the technology providers. They will be able to rely on a single source for data transmission, storage, and translation services. ”

As the first organization to offer this service in North America, GTreasury is pioneering the coupling of SWIFT connectivity and standards, with treasury functionality. Matteo Monaco, Head of Corporate Sales, North America, SWIFT stated, “SWIFT is delighted to include GTreasury as part of our ASP program, which makes it even easier for corporate treasuries to efficiently process their payments, gain visibility on their cash positions and have easier access to their multi-bank  relationships.”

 GTreasury has long been able to offer SWIFT based treasury solutions to the North American corporate treasury space, but for years the financial and technical restraints on the corporate space were too significant a barrier for most common treasuries.  With this integration GTreasury will be able to offer simplified solutions for the common treasury department.

About GTreasury

Originated in 1986, GTreasury has grown into 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.

Media Contact:

Ashley Pater

847-847-3706

marketing@gtreasury.com

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January 30, 2014 Lake Zurich, IL — 2013 marked the third straight year in which GTreasury was able to achieve year-over-year, record setting growth in terms of both revenues as well as new client adoption.  Over this period of time, GTreasury has transformed from “a treasury solution provider” into the position of market leader.  In 2013, GTreasury was independently ranked as the #1 cash and liquidity management solution in the industry.  This is a ranking GTreasury is very proud to have attained, and is a testament to the solution’s comprehensive capabilities and the loyalty of the client base.  Some 2013 adopters of GTreasury’s solutions include; H.H. Brown, Hexcel Corporation, Gypsum Management & Supply, Inc., Canadian Scholarship Trust Consultants, Inc., Xtreme Coil Drilling Corporation, Richardson Electronics, and KKR Asset Management LLC. Many of GTreasury’s new clients in 2013 were not necessarily new to treasury technology.  In fact, many were migrations from previous tools or had used other systems with previous employers.

2013 also marked a year of rebranding for GTreasury. GTreasury has been providing treasury solutions since 1986, however many practitioners recognized it as Gateway or WebCash.  2013 marked the year of consolidation under a single GTreasury “Illuminating Liquidity” brand.  Warren Davey, Executive Vice President of Marketing and Sales at GTreasury, states, “We just felt that after 27 years and so many different names, it was essential to clarify the brand and the power of our offering”.

As a cloud based system, it’s imperative that system technology evolve quickly to lead the treasury industry through change.  Some of GTreasury’s more notable enhancements in 2013 focused on pioneering solutions for bank account management, treasury regulations and compliance including; SEPA, ISO, OFAC, and PCI, along with enhancing the system’s already award winning payment functionality.  In conjunction, GTreasury also devoted time to augmenting the user experience by focusing development on the system’s core worksheets, reporting and dashboards, as well as the overall user interface.

Orazio Pater, founder and COO of GTreasury explains; “We owe our success in the space to the clients who use and promote our products and services.  We will continue to listen to our clients and enhance solutions for them knowing full well other treasuries will benefit from our advancements.”  Mr. Pater reaffirms that controlled growth remains a focus for GTreasury, so product and service based strategies outweigh sales initiatives.  “Focusing on user groups, support tools, client retention, thought leadership, user experiences and the like will inevitably grant us market awareness.  We always have and always will view our clients as strategic partners”.

The strategy has proven to work as GTreasury continues to swallow up market share and is firmly cemented as the market’s leading liquidity solution.

About GTreasury

Whether your treasury prefers a true SaaS solution or your requirements warrant an installed solution with web access, GTreasury is the one and only system you will ever need.

GTreasury’s modular system offers users a full suite of solutions that shed light into an organization’s cash and liquidity, manage exposures and risk, and automates and streamlines all repetitive treasury processes. GTreasury’s world class worksheets, system flexibility, and ease of use quickly accommodate our customers’ needs of today while preparing them for the changes of tomorrow.

Having serviced the treasury industry since 1986, GTreasury’s technology and services have matured to greater breadths and depths than any other liquidity management system. With all development and resources focused entirely on only one application, GTreasury is able to help any treasury operation illuminate its liquidity.

Media Contact

Ashley Pater, G Treasury SS, LLC (847) 847-3706, marketing@gtreasury.com

For more information, visit www.GTreasury.com

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GTreasury and Hedge Trackers Announce Strategic Alliance

 Aug 19, 2013 Lake Zurich, ILG Treasury SS, LLC and Hedge Trackers, LLC are pleased to announce the establishment of their strategic partnership.  As a result of the alliance the two companies will be able to offer a more comprehensive solution to treasury and accounting professionals for liquidity and hedge management.  Orazio Pater, COO of GTreasury stated “We are very excited to be partnering with Hedge Trackers.  Their world-class tools and service are a perfect fit for our client’s needs and fills a gap in our current offering.”  Helen Kane, founder of Hedge Trackers, was equally as excited about the alliance adding “The cultural and functional synergies between us and GTreasury will really benefit both companies, but more importantly our current and future clients”.

By joining forces Hedge Trackers and GTreasury will be able to offer a comprehensive treasury and accounting system capable of tracking any number of financial transactions.  Transactions can then be hedged according to set internal policies and reported to auditors along with any required documentation.  Mr. Pater added “the complementary nature of our two product offerings will certainly help our clients with their month and quarter end processes and better manage their currency risk”.

About Hedge Trackers

The cornerstone of Hedge Trackers 12+ year track record of success has been finding the right balance of advisory services and supporting technology for clients’ derivative accounting needs.  Hedge Trackers makes it easy for treasurers and CFO’s to understand their exposures, hedge them effectively and provides all the tools needed to account for and report on their derivatives painlessly.

About GTreasury

Originated in 1986, GTreasury has grown into 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 mailto:marketing@gtreasury.com or visit www.gtreasury.com.

 

Media Contact:

Ashley Pater

847-84-3706

marketing@gtreasury.com

Press Release: GTreasury Forecasts a Bright Future

January 30, 2013 | Ashley Pater
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2012 was another successful year for GTreasury. With record sales and increased client adoption rates, over and above a notable 2011, it appears the market has reaffirmed GTreasury’s position as the premier provider of liquidity solutions. Companies such as Aeropostale, Edward Jones, Mylan, Rockwood Holdings, Inc., Think Finance, and University of Missouri are just a few of the companies that have decided 2012 was the year to begin working with GTreasury in order to enhance their treasury operations.

Over the past few years, GTreasury has been gaining momentum in the industry. Historical success coupled with consistent branding, and growing market awareness has highlighted to treasury professionals that GTreasury is synonymous with treasury solutions. However, these are not the only reasons for GTreasury’s recent growth. According to Orazio Pater, COO of GTreasury, “The true testament of success in this industry is word of mouth. Products have proven to come and go, but service always remains – your reputation is key to your future success.”

Having owned and operated GTreasury as an independent system since 1986, Mr. Pater would know a little bit about reputation being tied to longevity. With consolidation and turmoil in the industry today it’s nice to have a lighthouse in the storm lighting the way. And based upon the current trends, GTreasury’s vision of 2013 and beyond is quite illuminating.

About GTreasury

Originated in 1986, GTreasury has grown into 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 activity along with tracking all financial instrument activity thereby granting treasury 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 contact marketing@gtreasury.com or visit www.gtreasury.com.

Media Contact

Ashley Pater, G Treasury SS, LLC (847) 847-3706, marketing@gtreasury.com

For more information, visit www.GTreasury.com

Press Release: Rockwood Holdings Selects GTreasury

September 13, 2012 | Ashley Pater
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Lake Zurich, IL: September 13, 2012 – GTreasury is pleased to announce the signing of Rockwood Holdings, Inc as the newest user of its cloud-based treasury solution. As a world- class specialty chemicals and advanced materials company, Rockwood was looking replace its traditional cash management reporting platform with a more technology driven solution to streamline its global cash reporting. This partnership will provide a means to enhance Rockwood’s current practices with GTreasury’s state of the art technology.

About Rockwood:

Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 10,000 people and annual net sales of approximately $3.7 billion. Rockwood focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.

About GTreasury:

Based out of Lake Zurich IL GTreasury is a global leader in treasury technology solutions. GTreasury is a global leader in treasury technology solutions. The GTreasury ONE Enterprise Platform is a scalable solution offering a multitude of modules for managing a treasury department’s unique business requirements. The overall ease of use and end-user friendliness, coupled with comprehensive functionality, provides users with greater visibility into cash, streamlined processes and improved controls.

 

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GTreasury Introduces Treasury Management SuiteApp for NetSuite’s SuiteCloud Computing Platform

New SuiteApp Streamlines and Consolidates Global Treasury and Cash Management

Lake Zurich, IL – August 22, 2012. GTreasury, a leader in treasury management solutions, today announced the launch of its Treasury Management SuiteApp, built using NetSuite’s SuiteCloud Computing Platform. The Treasury Management SuiteApp provides NetSuite customers with the ability to integrate their treasury operations into their NetSuite account and establish automated bank connectivity for balance and transaction reporting, as well as payment processing. The GTreasury Treasury Management SuiteApp can also deliver cash management features including forecasting, financial instrument tracking and integration directly into NetSuite.

GTreasury has been a leader in treasury management solutions for 26 years and provides software and services to leading banks and corporations of all sizes, all over the globe. GTreasury provides a comprehensive cloud-based treasury solution for CFOs to manage short and long-term cash and liquidity. The global visibility and reporting GTreasury provides gives executives insight into forecasting, exposures and risks, and maintains audit trails for policy compliance.

GTreasury’s cloud treasury solution allows treasury departments to focus on strategic planning instead of day-to-day operations,” said Tim Gunderson, Director of Strategic Alliances at NetSuite. “The new GTreasury Treasury Management SuiteApp provides NetSuite customers with seamless treasury management integration and increased global visibility and analytics.”

“NetSuite is a great strategic partner for GTreasury, with their large user base and a requirement for an integrated treasury solution, our two offerings were a perfect complement,” said Orazio Pater, COO of GTreasury.

Visit www.suiteapp.com for more information on the integrated solution.

About SuiteCloud and SuiteCloud Developer Network:

NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The complete SuiteCloud offering includes NetSuite’s multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications (Accounting/ERP, CRM and eCommerce); and the NS-BOS Development Platform.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for Independent Software Vendors (ISVs) who build apps for SuiteCloud. All available SuiteApp are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit http://www.netsuite.com/developers.

About GTreasury:

Based out of Lake Zurich Ill, GTreasury is a global leader in treasury technology solutions. The GTreasury ONE Enterprise Platform is a scalable solution offering a multitude of modules for managing a treasury department’s unique business requirements. The overall ease of use and end-user friendliness, coupled with comprehensive functionality, provides users with greater visibility into cash, streamlined processes and improved controls.

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University of Missouri Graduates to GTreasury

Lake Zurich, IL: June 26, 2012 – GTreasury, the industry leader of treasury management solutions, announced today the signing of the University of Missouri. The University of Missouri decided to explore alternatives and move off their existing cloud-based workstation. After a thorough investigation of a handful of potential vendors, they ultimately selected GTreasury.

According to Ann Toellner, Director of Treasury with the University of Missouri, “GTreasury’s strength in their debt management and cash forecasting capabilities were two of the biggest factors in our decision”. In addition, the evaluation team at the university preferred the usability of the GTreasury system and the cultural fit between the two organizations.

Over the past few years, GTreasury’s client base has continued to grow at a steady rate and many of those new clients have been universities. GTreasury’s Senior Vice President of Sales and Marketing, Warren Davey, stated that “We are very excited to have University of Missouri join GTreasury’s growing list of universities. Typically this market segment is underserved from a technological standpoint, but with the increased adoption of better and more targeted tools, these institutions are starting to embrace treasury solutions.” GTreasury will continue to work closely with the education industry ensuring that treasury technology can help address the nuances of their operations.

About GTreasury:

GTreasury is a global leader in treasury technology solutions. Whether a treasury department prefers a true cloud-based solution or the requirements warrant an installed solution with web access, GTreasury’s ONE Enterprise Treasury Platform is the ONE and only system that can do it all.

The modular system offers organizations a full suite of solutions that help gain greater visibility into cash & liquidity, manage exposures & risk, and automates and streamlines all repetitive treasury processes. GTreasury’s world class service, system flexibility, and ease of use can quickly accommodate the needs of today, while preparing for the changes of tomorrow.

Ashley Pater, Marketing Director. marketing@gtreasury.com. 847.847.3706. www.gtreasury.com

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GTreasury’s Banner Year – Record Revenues and Market Adoption

Lake Zurich, IL — 2011 was a noteworthy year of growth for GTreasury. Last year GTreasury recorded record sales revenues and increased their client base by almost 50%. A renewed focus on direct sales for this leading treasury platform is beginning to reap rewards. In the past, GTreasury has spent the majority of their sales efforts on the distributor side of the business. Having over a 20 year track record of successful distributors and market adoption of their treasury system, GTreasury is without a doubt the most successful white labeled treasury solution in the industry. But despite their achievements, the GTreasury brand was not as widely known within the industry.

In 2010, GTreasury began focused efforts on gaining brand recognition through increased direct sales. Orazio Pater, Chief Operating Officer of GTreasury, explains “what better way to prove our value proposition to current and potential distributors, and the industry as a whole, than to provide our functionality directly to the market.” GTreasury’s 2011 revenues and client adoption rates are proving the strategy worked.

Warren Davey, Senior Vice President of Sales and Marketing, who joined GTreasury in 2011 to help lead the sales and marketing efforts explains “The GTreasury product has been around for decades, but in many cases under various white labeled names. Having both rebranded the company, and increasing our marketing activities, we are beginning to see the results as GTreasury’s name is now much more prominent in treasury circles.”

Despite the growth, GTreasury remains a truly customer centric company. “We have always prided ourselves on having happy distributors and happy end users,” explains Mr. Pater, “so we made sure we had ramped up our services side of the business long in advance of our sales results.”

With success breeding success the 2011 results will only help GTreasury moving forward into 2012.

 

About G Treasury SS, LLC

GTreasury is a global provider of advanced technology for corporate treasury, cash & liquidity management. Our treasury solution is tailored specifically to each company to connect to their unique partner banks, show real-time balances and cash positions, automatically reconcile transactions to the GL, integrated forecasting through robust tools, set up automated payments, sweeps and much more. The GTreasury platform offers unparalleled security to access your data any-time, anywhere.

 

Media Contact

Ashley Pater, G Treasury SS, LLC (847) 847-3706, marketing@gtreasury.com

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GTreasury, the best kept secret in treasury automation is out of the box in 2010!

LAKE ZURICH, IL— GTreasury experienced significant growth in 2010. “We believe our unique ability to provide a depth of comprehensive and scalable functionality and company-wide focus on superior customer service continues to set us apart in the marketplace. This coupled with new marketing initiatives and the expansion of our sales team have spring-boarded GTreasury into a driving market force,” said Orazio Pater, Chief Operating Officer of G Treasury SS, LLC.

Among the new customer base are marquis companies such as:

  • BCS Financial Corporation
  • Shure Inc.
  • PharmaNet Development Group Inc.
  • Mondial Assistance
  • Colonial Properties Trust

About G Treasury SS, LLC

GTreasury is a global provider of advanced technology for corporate treasury, cash & liquidity management. Our treasury solution is tailored specifically to each company to connect to their unique partner banks, show real-time balances and cash positions, automatically reconcile transactions to the GL, integrated forecasting through robust tools, set up automated payments, sweeps and much more. The GTreasury platform offers unparalleled security to access your data any-time, any-where.

The GTreasury platform is modular and therefore scalable to your unique business requirements. Currently over 350 companies world-wide leverage our technology on a daily basis to achieve greater visibility into cash, streamline processes and improve controls. Our customers span the gamut of revenue size, treasury department complexity and type of industry.

 

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LAKE ZURICH, Ill., April 12, 2010—Treasury automation through GTreasury treasury workstation software helped Love’s Country Stores grow in efficiency with minimal increases to staff. The software-as-a-service (SaaS) treasury management software automates all treasury tasks, from cash position calculation, to electronic payment initiation, through general ledger reconciliation.

When a company grows, its employee base generally grows with it, on both the operations and administrative sides of the business. In the case of the treasury department of Love’s Travel Stops & Country Stores, a national chain of gas stations and convenience stores, the business has grown tremendously while treasury department head count has increased by only one person—all while providing improved cash management and financial reporting.

Treasury Automation Efficiencies

Carol Willett, Love’s Manager of Treasury Services, credits the company’s use of the GTreasury internet-based SaaS treasury workstation for the department’s ability to handle a radically increasing workload through treasury automation and forecasting. Love’s began using the treasury automation software from Lake Zurich, Illinois-based GTreasury—a leading provider of treasury management software and services—in 1999 to better track its accounts and avoid time-consuming manual procedures.

Love’s began as a solo filling station in Watonga, Oklahoma, in 1964, opened by Tom Love. The family-owned and operated business has expanded to 230 travel stops and convenience stores in 34 states. In the past 10 years, the company has grown to $17 billion in revenues, from $3 billion. Treasury staff has remained at three people until 2007, when the company added a fourth. Not only has Love’s treasury kept up with the increased number of transactions during that time, but it has also improved both treasury quality and efficiency.

GTreasury’s application service provider (ASP) treasury workstation has helped Love’s save time and streamline processes through:

  • Daily bank balance import
  • Daily reconciliation of store accounts
  • Automatic generation of cash concentration transfers
  • Recurring wire transfers and ACH payments using templates
  • Monthly reconciliation with few or no errors
  • Automatic assignment of general ledger codes to transactions
  • Monthly export of transactions to the corporate general ledger

“GTreasury has been pleased to support Love’s Country Store’s growth over the years with new product developments that all GTreasury customers benefit from,” said GTreasury Chief Operating Officer Orazio Pater. “The experience we gained and improvements we have developed over 11 years working with Love’s have benefited all GTreasury clients world wide.”

For details on how treasury automation and the GTreasury SaaS treasury workstation helped Love’s, download the complete Love’s Country Store-GTreasury case study.

About GTreasury

GTreasury™ provides the ONE Enterprise Treasury Platform for both ASP/SaaS Services and On-Site Treasury Workstations Installations. All support and development efforts, and those of its partners and clients, are focused on one seamless system. For the past 23 years, GTreasury has provided best-of-breed treasury and cash management software and services to leading banks and corporations of all sizes and all over the globe. GTreasury’s clients include GE, Hydro Quebec, and Prudential Financial.

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LAKE ZURICH, Ill., January 27, 2009—GTreasury congratulates its client General Electric (GE) for winning a bronze award in the Technology Excellence category of the Alexander Hamilton Awards for best practices in treasury management. The annual awards are sponsored by Treasury & Risk magazine.

GE won the award for its “Funds Transfer Redirector” project, which arose during a payments emergency when the system used by GE’s money-transfer bank failed after a weekend software upgrade. After consulting with GTreasury, GE successfully redirected 3,600 payments to Bank of New York Mellon, ensuring that payments arrived on the day promised.

GE sought advice from GTreasury on downloading payment files from its treasury management system and editing them so that they would be redirected to debit GE’s account at the Bank of New York Mellon. Subsequently, GTreasury and GE have worked on a redirector module that can automatically extract and redirect payments. The redirector module is currently in testing and is expected to be released to production as a GTreasury module by year end.

“We congratulate GE for its excellence in treasury management, and we are pleased that we can support our client in resolving and preventing an emergency as well as in normal day-to-day operations,” said GTreasury Chief Operating Officer Orazio Pater. For the whole story on GE’s award, read “Redirecting Payments Saved the Day.”

 

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