News

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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