Bengaluru, July 2: JSW Group, a USD 13bn conglomerate selects Bengaluru based IBSFINtech, a global leader in Treasury and Risk Management solutions (TRM) to automate all its treasury operations.IBSFINtech specialises in niche, innovative and comprehensive solution for corporate treasury with exclusive modules for currency, commodity, and money market.
JSW has partnered with IBSFINtech to help the company transition from spreadsheets and automate end-to-end treasury operations. The company is exposed to risks arising from market volatility, economic fluctuations and political events affecting currencies and interest rates. This Indian giant has exposure to five major currencies like US Dollar, Euro, Japanese yen, British Pound and Australian Dollar, according to a release here on Tuesday.
IBSFINtech's TRM solution will help the company to protect itself from currency and market volatility, eliminate errors, and improve controls and compliances
Speaking on the partnership, IBSFINtech MD & CEO C M Grover said “We are really thrilled to announce the go-live of our treasury solution at JSW. Having proven our product capabilities in the Indian market, we are now aggressively working towards expanding the reach of our product globally.”
IBSFINtech is targeting expansion and local presence in ASEAN, MENA, Europe and North America. With potential new business enquiries and partnership opportunities from these regions. The solution provides real-time reports/dashboards for managing open positions vis-a-vis MTMs, cash flows and collaterals. (UNI)