Refinitiv, an LSEG business, and IBSFINtech have collaborated to launch InTReaX, what the pair describe as a new age automated treasury management solution for cash and liquidity management, currency risk management, and market insights developed by IBSFINtech. The partnership is designed to help corporates modernise and automate their treasury workflow flexibly and enable smooth operations with strategic insights.

Enhancing visibility across the treasury workflow

The newly launched solution will enable CXOs and treasurers to enhance visibility, transparency and control; mitigate operational risk; drive automation; and improve business efficiency. The intelligent transaction management, analytics and decision-support is scalable and configurable across the whole corporate treasury ecosystem by accessing analytics - including cash management and foreign exchange (FX) transactions, pre-trade, trade and post-trade, derivatives valuations and portfolio analytics. Refinitiv’s ecosystem of FX trading market solutions will also help the businesses to complete end-to-end workflows for trading forex.

"We are thrilled to enter into this strategic partnership with Refinitiv to support the corporate treasury industry in India as it continues to evolve," said CM Grover, Managing Director and CEO at IBSFINtech. "With our SaaS TMS, InTReaX powered by Refinitiv data and analytics, we envision strengthening every corporate treasury helping to transform the strategic power centre of the organisation. Our On-Premise platform is trusted by large corporates across the country and our vision is to expand with this new age SaaS TMS."

A tool for troubled times

Treasury heads and CXOs faced challenges in 2020 with the onset of the pandemic and the shift to remote working, rising counterparty risks and extremely volatile markets. The adoption of automated treasury management solutions has become an essential catalyst for risk management and successful business strategies. Corporate leaders in India are recognising the need for professionally managed and automated treasury functions and are becoming more digitally advanced and data-first. Refinitiv and IBSFINtech say they hope their solution will play a pivotal role in this development.

"Our partnership with IBSFINtech is an exciting step towards simplifying modern treasury with robust technology," said Gautam Verma, head of South Asia, Data & Analytics at LSEG. "CXOs and treasury heads can now confidently strengthen their strategic decisions at a global level with accurate information on corporate governance that embeds internal compliances. Today’s risk management policies help combat the volatility of foreign currency exposures and we intend to work in tandem with this goal by providing access to Refinitiv Data Scope Select tools and Refinitiv Eikon research."