Over the last 4-5 years, TMS solution providers have been focusing on the provision of complete solutions for the corporate treasury department by partnering with other providers, see. The latest example of this trend is the partnership, that has just been announced, between GTreasury & Visual Risk covering both system functionality and geographic coverage.
Greater systems functionality
On system functionality they provide:
- GTreasury’s solution focuses on treasury liquidity by centralising all incoming and outgoing banking activities, along with tracking all financial instrument activities. It gives users real-time insight and access into their global liquidity. GTreasury offers both an installed and a SaaS solution. The modular platform and infrastructure is used by all sizes of size treasury operation and has 000s of end users world-wide
- Visual Risk’s solution provides risk management and treasury software for both Corporate and Financial Services sectors. It delivers a distinctive brand of forward-looking risk analytics, asset-liability management, hedge accounting, cash and treasury management software.
Improved market coverage
The deal will 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.”
CTMfile take: The combination of GTreasury and Visual Risk brings together one of the leading liquidity management solutions together with an advanced corporate risk management solution who can now offer solutions world-wide. Competition in the TMS solutions market just increased significantly, who and how it will impact remains to be seen, but this is an important new solution.
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