Mumbai/Delhi/Bengaluru, July 27, 2015 – IBSFINtech, the leading provider of niche financial software for Forex, Treasury and Trade Finance management, is pleased to announce launch of “Treasury on Cloud”, an innovative approach to treasury management designed for MSMEs in India.
IBSFINtech is formally launched this innovative product at CII’s Kolkatta Roadshow event, “Empowering SMEs Through Addressing Their Financing Needs”. IBSFINtech designed the Treasury in Cloud product offering to align with Government of India’s Make in India campaign by facilitating MSMEs in effective management of treasury functions and helping them grow beyond.
Haresh Patel, Member – Advisory Board, IBSFINtech, commented, “We are excited to launch “Treasury on Cloud”, designed to assist MSMEs in effective management of market risks, that too with a nominal investment. Treasury on Cloud is a self-sufficient solution to address needs of Micro, Small and Medium Enterprises of the country. It is an ideal solution for MSMEs as it requires no capital expenditure, allows for rapid implementation, and no risk owing to the pay-as-you-go model!”
Amit Tripathi, Deputy Director at CII, commented about IBSFINtech’s participation in CII event, “IBSFINtech is a technology company with strong presence in niche financial software solutions. CII provided a platform for IBSFINtech to launch their innovative treasury product offering on cloud, designed to suit the requiremnts of the MSME segment in the country.” He further added,” MSME is the most critical and fastest growing segment in the country, and with enhanced support from Government of India via the Make In India campaign, MSMEs expansion is inevitable. I believe IBSFINtech can play a pivotal role in supporting MSMEs via their innovative product portfolio in treasury and trade finance management. ”
IBSFINtech was recently in news for successful implementation of their Innovative TreasuryTM Solution at Snapdeal, India’s leading online retailer and Innovative Trade FinanceTM solution at Future Group, India’s leading retail chain giant. The company has a record of successful corporate treasury implementations at Times Group (also referred to as Bennett, Coleman & Co. Ltd.), Viraj Profiles, SuRaj Diamonds and more.
IBSFINtech (IBSFINtech India Pvt. Ltd) is a Bangalore based organization specializing in providing niche products in the area of Forex & Treasury and Trade Finance for corporate sector. IBSFINtech has a suite of products for treasury operation such as currency, money, commodity, gold bullion trading and derivatives of vanilla and exotic types. The products are seamlessly integrated with each and also with ERP solution of SAP, Oracle financial etc. The company has Trade Finance solution catering exporters/importers dealing in diamonds, gold, cashew nuts, Steel and garments etc., Group has dedicated technical as well as domain experts. IBSFINtech has it corporate office in Bangalore with a branch office at Mumbai with necessary infrastructure. For more details, visit: http://ibsfintech.com/