IBSFINtech: Efficient Treasury and Trade Finance Management
The Global Corporate Treasury Survey 2015, conducted by Deloitte reveals that cash repatriation, treasury technology systems and market risk management are the three biggest challenges that most CFOs face today. Therefore, Treasurers are trying to make treasury management more precise and integrated, by focusing on risk management and business intelligence. IBSFINtech’s comprehensive, holistic yet affordable product solution comes to their rescue. Headquartered in Bangalore, with operations offices in Mumbai & New Jersey, USA; IBSFINtech’s products are designed to adapt to the country specific compliance requirements and function efficiently across geographies, currencies and markets.
IBSFINtech’s products are designed to adapt to the country specific compliance requirements and function
Established by techno-preneurs with 100+ years of combined experience in Banking, IT, Finance and Treasury; IBSFINtech has developed niche technology solutions viz. Innovative Treasury and Innovative Trade Finance, also addressed as Innovative Product Suite. The product is offered On-Premise as well as On-Cloud to empower top management with access to real-time critical information; and enable real-time decision making.
Innovative Product Suite – Holistic Solution
IBSFINtech has intuitively designed Innovative Product Suite to address adherence to statutory compliances, corporate’s internal risk policy, and central body regulations. This facilitates mitigation of policy adherence risk as well as ensures 100 percent audit compliance. Moreover, the product also aids corporate to reduce overall TCO of the technology spend by providing an extremely stable product. By replacing 100s of excels with single automated system, removing duplication of effort and reducing human errors; the product helps reduce huge manual efforts in overall treasury and trade finance operations. It also seamlessly integrates with third party legacy systems and ERPs. Talking about focus on R&D and company strength, T M Manjunath, Technical Director, IBSFINtech, stated “We believe in continuous product innovation and development, and hence core of the company’s organization is a R&D team fuelling the appetite for product innovation. Overall, the company has 20 employees, of which about 5-10 are continuously involved in product evolution and innovation.” When asked about future product plans, T M Manjunath, added, “With regards to product innovation and enhancement, company plans to add Analytics and Hedge accounting to its product landscape to strengthen the product.”
IBSFINtech currently serves around 18 clients globally; including North End Foods Marketing(NEFM), a wholly owned subsidiary of Sohan Lal Commodity Management that handles more than 165 agriculture commodities across India; and Indofil Industries Limited, a prominent name in Chemical Industry. Additionally, company also provides services to some big brands such as Future Group; Snapdeal; Times of India; and Viraj Profile.
The firm has been recognised with three prestigious awards in 2015-16, namely, Software Product of the Year 2015; Emerging IT Company of the Year 2015; and Solution Provider of the Year 2015. “Our vision is to become most trusted IT Solution Partner for Treasury & Risk Management, globally across Industries”, mentioned, Chandra Mohan Grover, Executive Director, IBSFINtech India Pvt. Ltd.
IBSFINtech has intuitively designed Innovative Product Suite to address adherence to statutory compliances, corporate’s internal risk policy, and central body regulations. This facilitates mitigation of policy adherence risk as well as ensures 100 percent audit compliance. Moreover, the product also aids corporate to reduce overall TCO of the technology spend by providing an extremely stable product. By replacing 100s of excels with single automated system, removing duplication of effort and reducing human errors; the product helps reduce huge manual efforts in overall treasury and trade finance operations. It also seamlessly integrates with third party legacy systems and ERPs. Talking about focus on R&D and company strength, T M Manjunath, Technical Director, IBSFINtech, stated “We believe in continuous product innovation and development, and hence core of the company’s organization is a R&D team fuelling the appetite for product innovation. Overall, the company has 20 employees, of which about 5-10 are continuously involved in product evolution and innovation.” When asked about future product plans, T M Manjunath, added, “With regards to product innovation and enhancement, company plans to add Analytics and Hedge accounting to its product landscape to strengthen the product.”
IBSFINtech currently serves around 18 clients globally; including North End Foods Marketing(NEFM), a wholly owned subsidiary of Sohan Lal Commodity Management that handles more than 165 agriculture commodities across India; and Indofil Industries Limited, a prominent name in Chemical Industry. Additionally, company also provides services to some big brands such as Future Group; Snapdeal; Times of India; and Viraj Profile.
The firm has been recognised with three prestigious awards in 2015-16, namely, Software Product of the Year 2015; Emerging IT Company of the Year 2015; and Solution Provider of the Year 2015. “Our vision is to become most trusted IT Solution Partner for Treasury & Risk Management, globally across Industries”, mentioned, Chandra Mohan Grover, Executive Director, IBSFINtech India Pvt. Ltd.
