IBSFINtech wins “The Corporate Treasurer Awards 2018”

May 7th, 2019

IBSFINtech is thrilled to add its 4th consecutive International award in a span of 2 years to its accolades. IBSFINtech has been awarded with the prestigious “The Corporate Treasurer Awards 2018” in its 7th annual event. IBSFINtech has been awarded in the category of “Best treasury & Finance strategies in Asia-Pacific” with Olam India.

Mr. Grover, the CEO & MD of IBSFINtech represented the company at the awards which was held in Singapore on 24th April 2019.

Few glimpses of the event:

Mr. Anil Jena, Head – Treasury, Olam Agro India Ltd and Mr. C M Grover, MD & CEO, IBSFINtech India at the gala award ceremony in Singapore on April 24th 2019 at the CT Week.

 

Olam India’s Head treasury-Mr. Anil Jena switched from SAP accounting entries for its treasury management to IBSFINtech’s solution because of its comprehensive, integrated and exhaustive solution

He also quoted, “After analysing multiple alternatives in the market for our treasury front-office operations, we at OLAM India finally selected IBSFINtech which can be integrated at real-time. We perform extensive hedging activities and getting live market data has become a straightforward job owing to the integration of IBSFINtech’s TMS with Thomson Reuters’s DSS. We have been using TR’s FXALL for all hedging activities and STP from FXALL to IBSFINtech’s TMS has been a boon to us.  Post integration of FXALL and IBSFINtech TMS, we have been doing all the currency related activities like derivatives, valuation and auto valuation”.

“Bottom line, we have doubled the operation volumes over last one year of using this solution.”

Picture of the IBSFINtech team supporting Olam India:

L to R: Manjunath Reddy (Sr. Project Manager & Technical Architect), Hema (Sr. Application Developer), Manjunath TM (ED & CTO), Nidhi Modi (AVP – PR & Branding), Ishwarachandra (Team Lead).