Treasury Management Internation Logo

Coastal Ridge Real Estate Selects TreasuryXpress’ for Comprehensive Cash and Transaction Visibility


New York – TreasuryXpress today announced that leading full-service real estate investment firm, Coastal Ridge Real Estate,has selected TreasuryXpress to help achieve greater visibility and control over their cash and payment management processes.

For Coastal Ridge, the ability to achieve a single point of visibility over their cash positions and transactions is key. With an aggressive acquisition pipeline that’s already seen two deals take place in 2020, it is vital that the firm automate their accounting and treasury operations in order to scale with their financial expansion and new asset acquisitions.

“With our rapid growth and expansion, we need technology that can keep pace,” says Paul Colgan, Vice President of Accounting and Finance at Coastal Ridge. “Implementing the TreasuryXpress technology will allow us to view, access, and manage our cash positions in a single repository.”

Coastal Ridge also plans on using the software to manage end-to-end payments; thereby eliminating their current manual, time-consuming workflow. Additionally, the company has a complex technology infrastructure consisting of multiple ERP and property management solutions in order to support their over $2BN assets under management. With the vision of achieving straight-through financial data cooperation and communication, the firm needed a solution that is flexible enough to intelligently integrate the disparate solutions with the least amount of effort.

“We envision an open treasury ecosystem for the market. Our on-demand treasury solution is built to be highly cooperative with external platforms. Our mission is to design the most sophisticated functionality and deliver it in the simplest and cost-effective way to our clients,” says Anis Rahal, CEO and Founder at TreasuryXpress. “We are always excited to work with smart and creative companies such as Coastal Ridge. As a leader in their industry, we are pleased that they have selected TreasuryXpress to help them assert greater control and efficiency across their treasury operations”

TreasuryXpress provides companies of any size access to enterprise-level cash visibility, liquidity management, bank connectivity, payments workflow, debt and investment management, and data visualisation and reporting capabilities.

Powered by sustainable, digital technology, TreasuryXpress is the leader in on-demand treasury management software. The on-demand TMS model is characterised by a frequent and controlled Agile development methodology, rapid logon access for clients, short implementation times, and digital integrations and bank connectivity.

Colgan concludes, “We selected TreasuryXpress to not only improve the efficiency and productivity of our team, but also because of the cost control benefits and TreasuryXpress’ commitment to innovating their product based on real client requirements. We are very excited to be working with them.”

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...