Future Retail goes “LIVE” on IBSFINtech’s Trade Finance Solution

February 5th, 2016

Bengaluru, Jan 27, 2016 – IBSFINtech, the leading provider of niche financial software for Forex, Treasury and Trade Finance management, is pleased to announce that, Future Retail, India’s leading retailer has successfully implemented IBSFINtech’s Innovative Trade FinanceTM 5.0i solution for effective management of company’s trade finance operations.

The Trade Finance Solution went live on January 16th, 2016.

Upon successful launch, Future Retail Chief finance Officer Dinesh Maheshwari remarked “IBSFINtech’s comprehensive /product solution supports effective management of our Trade Finance Operations. Their implementation approach is highly specialized and in lockstep with the industry best practices. Compliance has been assured during complete project implementation lifecycle. We are glad we chose IBSFINtech – a team of dedicated resources as well as an excellent, domain-centric product offering.” He further added, “We are discussing engagement for further requirements to expand scope of implementation across different business areas within the company.

 

IBSFINtech Technical Director TM Manjunath, commented that “The Trade Finance solution implemented at Future Retail is an exhaustive package addressing the Group’s holistic requirements. It enabled real time information for respective departments, automates processes, and also facilitated centralization of data, records and report. The software solution would enable standardization of operation processes across the organization. It also ensured enhanced visibility across transactions as well as saved a lot of processing time for the team members.

C.M.Grover, Executive Director, IBSFINtech, added, “We are proud to have Future Retail, one more successful implementation added to our list.” He further mentioned, “We are excited and look forward to long term relationship with Future Retail.”

IBSFINtech was recently in news for being awarded and recognized by the industry in “Software Product of the Year 2015” category at Financial Express IT Awards. (http://ibsfintech.com/ibsfintech-software-product-of-the-year-2015/ )

The company has a record of successful implementations at Snapdeal, Times Group (also referred to as Bennett, Coleman & Co. Ltd.), Viraj Profiles, and more. Visit their website (http://ibsfintech.com/) for more details.

 

Read Press Release: Business Standard