The treasury management system providers are focusing on three things at the moment, 1) the dangers of using Excel spreadsheets to run treasury - Salmon has been particularly vocal on this, 2) rolling out new versions of their software setting up, and 3) strategic partnerships world-wide to extend their coverage.
BELLIN’s strategic partnership in Japan
BELLIN, the Germany-based provider of treasury management systems and services has announced a strategic partnership with the renowned Japanese provider of consolidated accounting systems, DIVA Corporation. DIVA will launch BELLIN’s “Treasury as a Service” (TaaS®) as the first of its kind in Japan; it will also market and implement BELLIN’s web-based treasury management system (TMS) tm5. With subsidiaries in Canada and England as well as partners in the Netherlands, Sweden, South Africa, and now Japan, BELLIN’s treasury operations truly span the globe.
The fully integrated, web-based software tm5 offers solutions for all corporate treasury requirements: be it in-house banking, global payments, cash management, netting, risk and receivables management or trade finance. Moreover, tm5 meets all compliance and reporting requirements at the touch of a button, mobile and in real time. This ties in perfectly with DIVA’s accounting software and services, providing Japanese companies with a more comprehensive financial footing, boosting their international profile and their domestic standing.
Kyriba joint venture in Middle East
In May this year, Kyriba launched their newest version of SaaS treasury management system. Kyriba 15.0, see.
This month Kyriba launched its Middle East headquarters, based in Dubai. Kyriba Middle East FZ-LLC, a joint venture with Surety Computer Systems LLC., will bring Kyriba’s award-winning, cloud-based treasury management platform to organizations across the Middle East.
“Dubai and the U.A.E. are the home to some of the world’s largest and most successful companies, but it is an underserved region when it comes to next generation treasury management,” said Roger Baroutjian, managing director of Kyriba Middle East FZ-LLC and executive managing director of Kyriba’s joint venture partner, Surety Computer Systems. “We see this as an excellent opportunity for Kyriba to satisfy large organizations’ treasury teams’ need to improve their processes as well as providing more strategic insight into company-wide financial decisions. As the leading cloud player in the space, Kyriba has a proven global track record and is clearly the best partner for us in this venture.”
CTMfile take: The cloud based TMS services are well suited to being deployed and supported by joint venture partnerships. A key differentiator in any TMS solution is the services and support.