KPMG in India & IBSFINtech collaborate to provide enterprises with integrated platform for Treasury, Risk and Trade Finance functions
Digitising the treasury function helps in building operational resilience and aids in enhancing the treasury function’s performance.
Digitising the treasury function helps in building operational resilience
Mumbai, 11 October, 2022: – KPMG in India & IBSFINtech today 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.
About IBSFINtech India Pvt Ltd
IBSFINtech is a global enterprise treasury-tech company providing end-to-end digitisation and automation solutions for the cash and liquidity, treasury, risk and trade finance management (TRTFM®), and supply chain finance function of the corporate. One of the Top 10 globally, the company is the leading technology vendor in this space catering to corporations of all sizes, very large, large, mid and emerging corporations. Prestigious list of clientele is spread across verticals and geographies, including, Lagata UK, Elevent DMCC (UAE), JSW International Tradecorp Pte Ltd (Singapore), IMR Metallurgical Resources AG (Switzerland), GAIL (Indian Public Sector Undertaking), Vedanta Group, Wipro Enterprises, Mphasis, Bluestar Ltd, Polycab Ltd, Olam Agro India Ltd, Maruti Suzuki India Ltd, JSW Steel, Mahindra & Mahindra, Snapdeal and more. For more details visit: www.ibsfintech.com
About KPMG in India
KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.
KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.