Hazeltree & Goldman Sachs TxB partner to launch simplified treasury and global payments solution

By Pavithra R

Hazeltree, a leading provider of innovative cloud-based treasury solutions to investment management firms, has announced partnering with Goldman Sachs Transaction Banking (TxB) to launch a joint solution to streamline treasury management with integrated global payments and FX capabilities. 

The new innovative solution will simplify operations and reduce costs for treasurers managing cash and foreign exchange transactions. The collaboration unites Hazeltree’s treasury management and payment workflow solutions, explicitly built for investment managers, with Goldman Sachs’ tech-forward global payment and FX capabilities.

“We’re excited to be partnering with Hazeltree to offer our innovative yet simplified Global Payments solution to investments management firms. We know that our clients want payments around the globe to be fast, transparent, and simple. Clients will quickly see these many benefits along with the bonus of competitive pricing,” said Hari Moorthy, global head of Transaction Banking at Goldman Sachs. 

Clients will benefit from:

• A comprehensive multi-bank treasury and cash management portal to aggregate cash balances across all banking relationships and manage movements and payments globally;
• A streamlined process for moving cash domestically and internationally at a lower cost with competitive FX rates;
• Real-time payment tracking to reduce payment related operational breaks;
• Comprehensive cash forecasting and optimization;
• Cash sweeps with bundled integration to leading money market providers;
• Integrated currency exposure management, hedging and execution;
• Cost transparency on bank fees;
• Optimized payment routing via Goldman Sachs’ advanced ML techniques; and
• Enhanced risk management due to improved visibility and control over FX payments and currency exposures for stakeholders.

“We are focused on making it easy for our clients to manage their treasury function. Partnering with Goldman Sachs Transaction Banking allows us to deliver integrated treasury and payments solution in a cost-effective and scalable manner, which is critically important for our clients,” said Sameer Shalaby, president and chief executive officer, Hazeltree.

Founded in 2011, Hazeltree provides innovative cloud-based treasury solutions to investment management firms, delivering enhanced transparency, liquidity, improved performance, and risk mitigation. The firm serves hedge funds, asset managers, fund administrators, insurance companies, private markets, pension funds, and corporates with proactive performance enhancement and risk mitigation capabilities that generate alpha from operations, reduce a range of liquidity and funding risks and streamline operations.