TreasuryXpress Sees TMS Adoption Rise for Mid-Sized Treasuries
Q1 Sales Results Support Need for On-Demand Treasury Management Software in the Mid-Market
NEW YORK, June 7, 2017 /PRNewswire/ -- TreasuryXpress, the global leader in frictionless and on-demand treasury management solutions today announced record Q1 sales growth across the Americas, EMEA, and MENA regions for their enterprise on-demand treasury management solution, C2Treasury™.
Aimed at eliminating the resource and budget restrictions of automating treasury operations for mid-sized companies, C2Treasury provides enterprise-level cash visibility and forecasting, liquidity management, bank connectivity, payments workflow, and self-service custom reporting capabilities.
"We've built the TreasuryXpress product portfolio to fully address the mid-sized market," say Anis Rahal, CEO and founder of TreasuryXpress. "For many, a TMS is a luxury item due to traditionally high subscription costs and long, expensive implementations. Mid-sized organizations are unable to justify these costs yet, they have the same complexity and needs of large enterprises. As a result, they wind up doing without help. At TreasuryXpress, we are committed to removing those barriers for the mid-market."
In Q1, the firm reports a triple-digit increase in new client contracts over Q1 2016. Most recently, TreasuryXpress welcomed four new clients including US-based Ancestry.com. The company also continued to expand their presence in the MENA region with the addition of SKM and Pikasso to their client community. According to the firm, C2Treasury clients are largely selecting the solution for:
- Cash visibility and forecasting
- Automated bank connectivity and reconciliation
- Payments processing
- Overall ease of purchase
"The traditional TMS systems that have been around for the last 5 to 10 years and longer were not built with the mid-market in mind. Even with the promise of scaled-down packages or levels, treasurers are forced to purchase capabilities that they may or may not grow into. With TreasuryXpress clients can buy what they need when they need it," continues Rahal. "When they are ready to grow into additional features and capabilities, they can very simply and affordably add more features and implement them rapidly. Many of our new offerings are even self-service. That's how easy we make it for clients to automate their treasury."
In addition to their suite Treasury Management System, C2Treasury, TreasuryXpress also offers al a carte products and APIs for treasury and finance professionals through the TreasuryXpress Online Store. Most recently, TreasuryXpress launched their payments API, Payment+. Payment+ converts ERP payment files into bank-ready ISO20022 Customer Initiation message payments. With built in validation capabilities, the API automatically identifies and analyzes non-conforming fields to deliver a fully bank-ready file. Uniquely, Payment+ can be used directly by corporate treasurers or by ERP, Payment, and TMS providers to enhance their client's bank formatting operations.
Amidst growth, TreasuryXpress maintains 100% client satisfaction which is reflective of the firm's client-first commitment.
ABOUT TREASURYXPRESS
TreasuryXpress, a global FinTech provider, was created with one simple aim – to give all companies powerful, cost-effective, and easy-to-implement Treasury Management capabilities that empower them to be able to work smarter!
At TreasuryXpress, we specialize in delivering innovative solutions that work for treasury – making it easy to achieve 100% bank visibility, consolidate cash information, manage end-to-end payment processing, and distribute useful and critical reports to all internal stakeholders automatically and efficiently.
Our solutions centralize more than 10,000 bank accounts daily and process electronic payments for over 7 billion USD each year. Our rapid time-to-market and diverse hosting options make it easy for treasuries to do business with us. From solution development to delivery and service, our teams actively engage with customers regularly and proactively.
Visit us at www.treasuryxpress.com or email [email protected] for more info.
Press Contact:
Tracy Kantrowitz
Salt 5 Marketing, LLC for TreasuryXpress
Phone: +469.294.1276 | Email: [email protected]
SOURCE TreasuryXpress
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