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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

GTreasury and SWIFT Extend Partnership

October 1, 2014 | Ashley Pater
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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

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

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.

University of Missouri Graduates to GTreasury

June 26, 2012 | Ashley Pater
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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.”

 

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, Wendy’s/Arby’s Group, SABIC Innovative Plastics, Prudential Financial, Barnes and Noble, and Bank of America.

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

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