An
innovative self-sufficient solution for treasury management designed for MSMEs
in India
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 received an overwhelming
response at a recent launch and participation at CII Summit in Kolkata titled ‘Empowering
SMEs Through Addressing Their Financing Needs’.
IBSFINtech’s
‘Treasury on Cloud’ product offering is designed to particularly drive the
Government of India’s Make in India campaign more effectively, by empowering
MSMEs in effective management of treasury & trade finance functions and
helping them achieve higher growth and scale.
Speaking
on the occasion, Haresh Patel, Member - Advisory Board, IBSFINtech, said “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, said, “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’s
next-gen products, Innovative TreasuryTM Solution & Innovative Trade
FinanceTM Solution have seen an exciting response in the industry.
Both
the solutions are being subscribed by some of India’s leading retail chains and
stores. The corporate treasury implementations are currently being used by
varied customers including publishers, manufacturers, service providers and
numerous other verticals.
About
IBSFINtech - http://ibsfintech.com/
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.
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