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Patanjali digitizes Treasury operations, goes live with IBSFINtech’s integrated Treasury Management system

India’s leading FMCG conglomerate, Patanjali Group, today announced a significant milestone in its digitization journey by successfully going live with IBSFINtech’s Integrated Treasury Management Solution. This groundbreaking initiative has positioned the FMCG giant as a trailblazer, leading the way in its segment and beyond.

Patanjali’s remarkable journey as a homegrown conglomerate has long inspired businesses across industries. To accelerate its digital shift, Patanjali chose IBSFINtech, a global treasury management solution provider as its trusted technology partner. Leveraging IBSFINtech’s robust treasury and trade finance platform, Patanjali now has access to real-time financial data, streamlined operations, and enhanced decision-making capabilities across the organisation.

The system’s seamless integration with Patanjali’s existing ERP has further enhanced operational efficiency, reducing manual effort and enhancing accuracy in financial reporting. This transformation empowers Patanjali to have complete control on its treasury and trade finance operations, improves operational efficiency and provides complete governance for the leadership.

Reflecting on this milestone, Ram Bharat, MD, Patanjali Group states, “Being a global brand with accelerated growth plans, Patanjali Group has been and continues to be a technology native organization. For us, technology has ensured sustainability of our accelerated global growth plans. To drive our growth ambitions and strengthen our treasury operations, we partnered with IBSFINtech, India’s leading TreasuryTech company, to fully digitize our treasury functions. This strategic move aligned perfectly with our growth-oriented vision and our commitment to embracing transformative technology solutions. The pace at which we are growing further mandates robust control mechanisms, transparency, and strong governance at the group level, all made possible through complete digitization. We are glad to have found the right partner in IBSFINtech and leverage their expertise as well as the robust technology for this critical function.”

Highlighting the strategic significance of embracing digital transformation, CM Grover, MD & CEO of IBSFINtech, underlines the growing importance of treasury automation for businesses worldwide. He stated “Corporate treasury automation has become essential for organizations aiming to achieve operational excellence in today’s digital era. At IBSFINtech, we take immense pride in partnering with Patanjali, an iconic ‘Made in India’ organization, to lead this transformative journey. Together, we are setting a benchmark in the FMCG sector and beyond with a robust and digitized financial ecosystem.

Our innovative solution has equipped Patanjali with a connected ecosystem and a single source of truth for their financial operations. By streamlining processes, reducing manual intervention, and enhancing risk management, the platform empowers Patanjali to achieve greater transparency and control over cash flows, currency risk, trade finance and investments—driving better financial planning and resource optimization”

Kumar Rajesh, CFO, Patanjali, shares his views, “With our growing business and expanding product portfolio, it became crucial to enhance our treasury processes, ensure efficient cash management, and mitigate financial risks. We sought a cutting-edge solution that could provide real-time visibility, automate manual tasks, and enable data-driven decision-making. By partnering with IBSFINtech, a pioneer in treasury solution we took a significant stride towards optimizing our treasury functions and positioning ourselves for sustained growth in the competitive market.”

Patanjali’s commitment to automate the most critical area of treasury aligns perfectly with IBSFINtech’s leadership in end-to-end digitization of treasury, risk, and trade finance. This represents a natural synergy of shared values and objectives of both the organisations towards a common goal of innovation and reaffirms IBSFINtech’s position as a market leader in this space.” adds CM Grover, MD & CEO, IBSFINtech

In words of Priyendu Jha, VP & Head of Treasury Management, “Patanjali Foods undertook an advanced automation initiative, navigating a range of challenges such as aligning intricate treasury processes with real-time reporting, implementing risk management strategies, and ensuring effective collaboration among globally distributed teams. To resolve these complex issues and optimize its treasury operations, the organization adopted IBSFINtech’s Treasury Management System (TMS). This comprehensive, unified solution improved transparency, strengthened governance protocols, minimized risks, and automated processes, leading to enhanced efficiency and uninterrupted business continuity.”

This milestone marks a significant chapter in the journey of Patanjali Group. As the iconic Made-in-India brand in the FMCG segment, Patanjali group has always been the trend-setter, giving tough fight to the global competition. By embracing complete digitization, Patanjali is not only improving its treasury operations but also setting a new standard for innovation and transparency in the industry. Being a brand born in India, and built for the world, Patanjali chose its tech partner which aligns in these values, the Made-in-India TreasuryTech brand, IBSFINtech.

This partnership is a testament to how technology, when aligned with business vision, can empower growth, enhance decision-making, and bring greater efficiency. As Patanjali continues to expand and evolve, this collaboration with IBSFINtech ensures that they are ready to tackle new challenges, streamline operations, and lead by example in the FMCG and treasury sectors. Leadership of both organizations are aligned that they are not just transforming treasury management but also shaping a future where businesses can thrive with greater control and agility.

As the ‘Made-in-India’ powerhouses, both companies continue to revolutionise in their areas of expertise, and they are ensuring that with the power of technology they are setting a global standard for innovation, efficiency, and excellence in their respective fields.