Swiss firm IMR Metallurgical Resources selects IBSFINtech’s Treasury Management Solution
IBSFINtech India Pvt. Ltd. is a leading provider of comprehensive, innovative & integrated Corporate Treasury Management solutions. The company announces its first international client acquisition for their treasury software.
Swiss trading company, IMR Metallurgical Resources AG (IMR) has selected IBSFINtech’s treasury software management solution for efficient management of their treasury operations. IMR is an international trading company based in Switzerland involved in the global trading, marketing and financing of wide variety of bulk commodities like steam and coking coals, iron ore, chrome ore, and iron and steel products.
IBSFINtech’s MD & CEO, C M Grover, exuberantly shared his thoughts on winning the first international contract, “We are glad that IMR selected our product and gave us the opportunity to enable treasury automation for their esteemed organization. With this deal, we have kick-started our journey for taking our product global.” Sharing more on the international expansion, “We have been focusing towards expanding internationally and this deal marks the first of many international contracts we are going to win in this year.”
Sharing more on the technical aspects of the deal, T M Manjunath, ED & CTO, IBSFINtech, shares, “IMR required a solution for managing forwards and NDFs; which are covered in the Currency module of our comprehensive and integrated product. Our solution will aid IMR in efficient management of treasury operations by automating the exposure management processes.”
IBSFINtech’s Treasury Management Solution incorporates the company defined hedge policies to facilitate risk management. It provides Dashboards and Analytics with in-depth analysis including Historical Scenario, Sensitivity, Stress and Gap Analysis, to name a few. In addition, it provides a long list of reports for the top and senior management.
IBSFINtech, a Make-In-India, is carving out its space in the niche global TMS market which is otherwise dominated by globally established players. Positioned at par with these global players, IBSFINtech’s integrated and comprehensive treasury management solution stands out from the rest in terms of exhaustive features, customization capabilities and faster implementation timelines. Furthermore, having a strategic partnership with Thomson Reuters strengthens IBSFINtech’s unique position in the global TMS market. Powered by Thomson Reuters, IBSFINtech’s TMS is integrated with market data feed from Thomson Reuters which enables corporates using their solution with robust data and market analysis, comprehensive view of risk and access to FX liquidity. This seamless integration will enable treasurers to mitigate operational risk, drive automation and optimize business efficiency.
Many leading brands of the country have shown confidence in the product including HCL Corp Group, JSW Steel, Maruti Suzuki, Mahindra & Mahindra, Himatsingka Seide Ltd, Future Group, Sonalika (International Tractors Ltd), Snapdeal, Times of India and more. Having done, 24 implementations, the company has strong references across various industries such as Automotive, Chemicals, Media, Steel, Textiles, e-Commerce, Family Offices, Retail, Commodity, and Diamond & Jewellery.
Many more multi-national and billion dollar corporates are evaluating IBSFINtech’s Innovative products to effectively manage Treasury & Trade Finance operations at their organization.
Expansion & Growth:
IBSFINtech is achieving exponential growth on year on year basis. To further fuel the growth, the company is expanding operations in Europe, APAC, MENA, and US region, with plans to have local presence across the globe by 2020. With this first international deal, the company is setting foot in global market in this FY and expects to generate revenue of atleast 1Mn USD from foreign exchange in this year.
Discussing about the product, T M Manjunath, ED & CTO, IBSFINtech, quoted, “Our Treasury Management Solution is a comprehensive, integrated and real-time product. Most importantly it is sector-agnostic, having proven its mettle time and again with successful implementations at corporates across verticals.”
He further adds proudly, “IBSFINtech Product portfolio is developed as an intuitive, innovative, comprehensive and customizable solution which can be deployed modularly OR as an end-to-end product with seamless interfacing with existing IT system. The Product suite is a holistic system that can handle multi Company, Locations, Asset-class, Dealers, Portfolio & Sub-portfolio and provides single-instance of truth about real-time exposure for its key stakeholders.”
Discussing about growth and demand of a TMS in the industry, C M Grover, mentioned, “We at IBSFINtech have observed tremendous growth in this segment in last few years. The number of clients coming onboard have tripled year on year and this has further strengthened our faith in the scope of IBSFINtech’s Innovative and Award Winning Products for the industry. Our Products’ have immense growth potential and ability to serve all medium to large corporates, financial institutions & Public Sector Undertakings. IBSFINtech reckons its potential, and is constantly investing resources to enhance product for offering contemporary solution and staying ahead in changing times.”
He further adds, “In next few years, we foresee IBSFINtech as leading the FinTech industry, with core focus on Integrated Treasury & Trade Finance Management solutions, in India as well as globally!”