IBSFINtech launches TreasuryTech solution to foray into India’s SME segment

By Gloria Mathias

IBSFINtech, India’s enterprise TreasuryTech solution provider, has announced its entry into the SME segment with the launch of its specialised SaaS TMS solution, InnoTreasury, for SMEs in India.

SaaS TMS InnoTreasuryTM is designed mainly for small and medium enterprises, empowering them to manage their forex operations more efficiently. InnoTreasury enables corporates to visualise their foreign exchange exposures and manage their hedges effectively.

C M Grover,  MD & CEO of IBSFINtech, stated, “We are delighted to bring forward a solution for empowering SMEs with an advanced digital treasury management platform. Today’s SMEs are progressive and are actively adopting new-age technology solutions to support their digitization requirements and fuel their exponential growth aspirations. Having mastered the space of treasury management for large enterprises with our tailored portfolio of solutions, it was a strategic choice to roll out a simpler solution for the SMEs and support them in their growth. This product launch reflects our commitment to India’s growth story and bringing out new-age solutions with customer-centricity.”

With InnoTreasury, the company expands the reach of end-to-end service offerings to all sizes of enterprises across sectors and geographies. This expansion by IBSFINtech is a strategic move by the company. As their MD, Mr Grover, quotes, he considers it the company’s participation in the country’s growth journey, contributing to the Government of India’s vision for Viksit Bharat.

IBSFINtech has already onboarded multiple SME customers from different industries and parts of the country for this innovative solution.

The solution runs on the latest technology stack. It leverages the world’s leading cloud service provider, providing a highly secure, flexible and scalable environment,, thereby ensuring maximum benefits for the end customer.

With InnoTreasury, the company has carved out a simplified solution which caters to the requirements of treasury management for SMEs. InnoTreasury enables end-to-end management of currency forward contracts, with provision for settlement, cancellation, and both full and partial rollover. The solution provides detailed analytics and dashboards for daily reporting and monitoring. Bundled with value-added features like user access control, audit trails, alerts and notifications, the solution truly simplifies the lives of SME promoters, who are most likely managing their currency risk exposures themselves.