BNP Paribas has signed a referral agreement with Serrala under which the bank's enterprise customers will be offered Serrala's accounts receivable (AR) solutions to process incoming orders, automate payment reconciliation, and manage customer credit risk.
Hamburg-based Serrala was acquired by investment group Hg in August 2021.
GTreasury has acquired Hedge Trackers, along with the company's CapellaFX and CapellaIR risk management products, as well as accounting and consulting services.
CapellaFX offers a significant boost to GTreasury's product suite, claiming to be the first FX risk management software that integrates the entire hedge program workflow.
Improving cash forecasting will be the technology priority for corporate treasurers in 2022, according to a new report from Treasury Dragons.
Cash forecasting was named as the main challenge by almost 70% of the 150 corporate treasury teams questioned by Treasury Dragons in November 2021.
Among the report's other findings are:
Trovata has added the ability to make transfers and send payments via ACH, wire, and RTP, using direct APIs connections to banks, eliminating the need for a third-party intermediary.
The new Payments App is now live for J.P. Morgan, Wells Fargo, and Bank of America clients through Trovata's web and mobile platform, as well as its API developer portal. The service will be available to all Trovata subscribers and, says the company, will, 'Enable an entirely new end-to-end money movement experience for the banks’ commercial and corporate banking clients.'
SEB has added cash flow forecasting functionality to its C&I Online platform. However, the first version of the new module requires users to manually enter data from their ERP and other business systems.
“We know this is something that many customers are asking for. It is a simple and user-friendly service that customers can get started with quickly and that does not require any installation,” said Martin William-Olsson, product manager for Analytics/Reporting in Transaction Services at SEB.
SEB said it plans to further develop the service to make it possible to import transaction data via file transfers, and then later to establish an automatic integration with customers’ business systems.
French wifi provider Wifirst has become the first customer for Societe Generale's Kyriba-powered treasury management system, Global Treasury.
The deal follows the partnership signed with Kyriba earlier this year, under which Societe Generale is launching Global Treasury throughout its network in France in Q4 2021.
Arnaud Lejeune, CFO of Wifirst, described the Kyriba-powered solution as, 'Particularly innovative' and, 'A precursor to the future of TMS.'
FIS is partnering with Cashforce to bring best-of-breed cash forecasting abilities to its FIS Treasury and Risk Manager system.
The new FIS Cash Forecasting with Cashforce product will feed forecast data into both the 'Integrity' Saas version of Treasury and Risk Manager and the 'Quantum' on-premise solution.
BNP Paribas subsidiary Bank of the West has launched a treasury management platform under the name TreasuryNow.
The system includes a payment module to centrally manage payments, including real-time payments, ACH, domestic wires, cross-border wires with SWIFT gpi Tracking, and allows for integration with accounting and Enterprise Resource Planning systems (ERPs) for managing day-to-day routing and approvals.
20% of treasury groups have discovered previously-unknown active bank accounts in the past two years, according to new research from GTreasury and Strategic Treasurer. More than a third of respondents discovered five or more accounts that they hadn't been aware of.
The finding highlights the demand for bank account management solutions, as demonstrated in this year's Treasury Dragons Pitch Session on BAM which saw four rival providers pitch their solutions.
ION Treasury has launched TreasuraSpark, a SaaS cash management platform designed to bridge the gap between spreadsheets and the ION's fully-fledged TMS, Treasura.
TreasuraSpark brings automated cash management within reach of companies which might struggle to justify the time and expense of a full Treasura implementation. The new platform takes less than 24 hours to set up, compared to anything up to three months for its bigger sibling. It is also limited to up to three connected banks and up to four users, where Treasura can handle up to 10 banks and up to 20 users.
IOn expects clients to be able to sign up by themselves online, establishing connections to their banks for automated flow of cash balances and transactions. TreasuraSpark then collects, consolidates, and stores banking data with a full audit trail.
'As many in the industry continue to operate with legacy systems and look to improve automation, ION seeks to ensure that organisations can avoid manual processes and have the visibility to cash they need to manage working capital,' said ION Corporates CEO Richard Grossi.
Treasury Technology news from the experts at Treasury Dragons.