KPMG in India & IBSFINtech announced an alliance relationship to offer their clients a holistic suite of corporate treasury automation solutions, thus helping them to accelerate digital transformation of their treasury function.
Digitising the treasury function helps in building operational resilience and aids in enhancing the treasury function’s performance. The technology-driven digitalization being witnessed currently, has not only enabled the treasury function to manage risks efficiently, but has also helped in streamlining cash flow management, thereby competently optimizing opportunities. Organisations that do not adapt and align their business models, and key financial practices such as treasury management with the digital revolution may lose the opportunity to be ahead of the curve.
IBSFINtech’s configurable decision-making platform caters to end-to-end digitisation of cashflow, liquidity, treasury, risk, trade finance and supply chain finance management. Combined with KPMG in India’s rich expertise in implementing treasury transformation assignments, the solutions are expected to be a potent combination, offering organisations a wide range possibilities for driving business performance.
Rajosik Banerjee, Partner and Head – Financial Risk Management, KPMG in India says “Treasury teams are looking to modernize their processes and improve their operational resilience. The alliance with IBSFINtech for treasury automation will enable organisations to harness treasury technology quickly, automate manual processes, reduce dependency on spreadsheets and legacy technology, and improve cost efficiency. Together, we are excited to offer clients a seamless proposition, which is easy and quick to implement, and helps in reducing cost overheads across treasury, risk and compliance.”
“As the pace of digital transformation has accelerated across organisations globally, reinforcing the importance of the critical and strategic corporate treasury function has never been more important. We are thrilled to enter into this partnership formally, with the alliance opening up immense opportunities for digital transformation of the corporate treasury function. Our alliance with KPMG in India aligns with our global expansion plans and we are excited to share this journey with them as our partner” says, CM Grover, MD & CEO, IBSFINtech commenting on this alliance.
Organisations today are looking for integrated and technology powered solutions to help establish themselves as a future looking organisation. The offerings by IBSFINtech when combined with KPMG in India’s expertise seeks to address this requirement by providing the right tools to simplify and fully automate an organisation’s treasury function. The suite of solutions offers CXOs and treasurers deeper insights and real time visibility of their cash positions, thus allowing for efficient management of cashflows, investments, and risk requirements.
This alliance strengthens both KPMG in India’s and IBSFINtech’s commitment to empower the corporate treasury function in a holistic manner by providing a consolidated real-time view of an organisation’s corporate’s treasury operations.