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.
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.
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 firstname.lastname@example.org or visit www.GTreasury.com.
Contact: Ashley Pater, GTreasury. Email: aepater@GTreasury.com. Phone: (847) 847-3743.