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.
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.