In a significant announcement today, GTreasury, a premier integrated treasury and risk management systems provider, revealed a strategic collaboration with C2FO, known as the world’s leading on-demand working capital platform.
The partnership is set to provide comprehensive cash management and early payment solutions for treasurers, aiming to streamline cash flow optimisation and enhance liquidity forecasting.
The genesis of this partnership lies in the current economic landscape where businesses are grappling with dynamic shifts and stricter lending standards, limiting access to capital. These evolving market conditions underscore the need for flexible liquidity management solutions, offering comprehensive cash visibility as a crucial catalyst for sustained business growth and effective planning.
GTreasury prides itself on simplifying complexity, connecting treasury and finance teams with innovative technology solutions. The company’s world-class Software as a Service (SaaS) treasury and risk management platform enables effective management of cash, debt, investments, and exposures within the CFO’s office. GTreasury’s integrated ecosystem offers intelligent insights, connecting financial value chains and extending workflows to third-party systems, exchanges, portals, and services.
Complementing GTreasury’s offerings, C2FO’s working capital platform is designed to unlock liquidity and improve cash flow. Their global network of funding partners, combined with the possibility of accelerating payments using the businesses’ balance sheets, allows enterprises to gain quick access to cash on demand and significantly improve cash conversion cycles.
The partnership aims to create a synergistic platform, combining the strengths of GTreasury’s comprehensive suite of products and C2FO’s working capital platform. Businesses are expected to enjoy real-time, holistic visibility of their cash positions, enabling them to deploy cash or accelerate payments to meet critical cash management goals.
C2FO’s Senior Vice President of Partnerships, Allison Baker, expressed her enthusiasm, “We are thrilled to partner with GTreasury to provide enterprises with a best-in-class comprehensive liquidity solution. Through our partnership, enterprises will be able to leverage both sides of their balance sheet to access the liquidity they need to navigate today’s rapidly changing environment.”
Echoing similar sentiments, GTreasury’s Global Head of Corporate Development, Terry Beadle, added, “This is an exciting time for GTreasury as our customers continue to benefit from our growing ecosystem. With this strategic partnership with C2FO, we are delivering on our commitment to provide a suite of best-in-breed products for Treasury, Risk, and Capital Efficiency. This partnership will allow our customers to extend their treasury workflow, resulting in further optimisation and management of their cash.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
