IBSFINtech’s growth plans for the year 2016, as covered by PTI and henceforth picked up by leading national dailies.
Mumbai/Delhi/Bengaluru, Dec 11th, 2015 – IBSFINtech, the leading provider of niche IT product for Forex, Treasury and Trade Finance management has impressive expansion plans, as covered by PTI.
Today, the forex markets are highly volatile and this makes corporate extremely vulnerable to currency fluctuations. Last 40 months, saw INR-USD rates swinging between 43 and 68 while INR-EUR rates saw fluctuations in range of 65 to 90. These 35-50% fluctuation is good enough to throw any corporate out of business, especially the ones having major exposures to Export or Imports.
So following are the key reasons creating the need for an affordable, intelligent and holistic Treasury Management Solution.
Absence of strong Decision Support System in heterogeneous Technology Landscape
Lower Technology Adoption in this niche domain where still majority of the corporates utilize excel sheets for treasury management
Managing Treasury with very Basic Hedging Instruments
About The Company – IBSFINtech
IBSFINtech India Pvt. Ltd specializes in niche and innovative solutions for Corporate Treasury and Trade Finance, with emphasis on risk management. IBSFINtech’s product portfolio boasts of unique features to include Interest Rate Derivatives, Hedge Accounting, Advanced Cash Management and Analytics to manage and mitigate Currency, Commodity, and Interest Rate Risks.
The product portfolio includes: Innovative Treasury™ 5.0i and Innovative Trade Finance™ 5.0i. Products are continuously evolving to support volatile forex environment and providing DSS (Decision Support System) alongwith analytical tools to stakeholders.
IBSFINtech takes pride in being a true “Make In India” Company in this niche domain, offering Comprehensive Treasury and Trade Finance Solutions that compete with products from global giants such as SAP, Murex, SunGard, FireApps.
About IBSFINtech’s Technology solutions
Innovative Treasury™ 5.0i and Innovative Trade Finance™ 5.0i are together known as Innovative Product Suite. The product is offered in On-Premise as well as Cloud versions. These products precisely address all the business challenges listed above and offer a simple, affordable but holistic Treasury Management Solution that can handle multiple locations, currencies, dealers and multi-company operations.
IBSFINtech’s products are designed to function efficiently across geographies, currencies and markets, as the associated risks are same across the globe. Each implementation the product adapts to the country specific compliance requirements.
IBSFINtech’s Future Plans and Growth Prospects
IBSFINtech has been recognized and appreciated for an innovative product by being awarded in the category “Software Product of the Year – 2015” in Express IT Awards. Read more about this at:
IBSFINtech’s current focus is to expand its footprints in International Markets, and establish Innovative Product Suite as a global brand in the industry. The company has recently partnered with Athene Softech, a Malaysian firm to reach out to South East Asian markets. Refer press release. The company has progressive plans to actively pursue the MENA region and South East Asia Region by the end of financial year 2015-16.
IBSFINtech strongly believes in innovation and continues to enhance its product portfolio. The company has always empowered its clients by staying a step ahead of regulatory authorities in risk.
The company launches an enhanced version of the product in every 1-1.5 years of time period. The product “Treasury on Cloud” was also a result of this practice at organization. The product, as mentioned earlier, facilitates the SMEs of the country to effectively manage their foreign currency exposures. Link to Press Release.
In lines with this ideology, IBSFINtech plans to launch a mobile application by end of this financial year. This mobile application will support the key stakeholders in a corporate by providing instant access to real-time and critical information. The application will provide a comprehensive BI dashboard to facilitate the key stakeholders in critical decision making.
In addition to the franchise provided in Malaysia, IBSFINtech plans to strengthen relationships with leading consulting firms and forex advisors.
Read Press Release: