GTreasury announces its partnership with Infor, a provider of industry-focused business cloud software solutions. The deal enables GTreasury and Infor customers to benefit from new automation and data integration between GTreasury’s digital treasury platform and Infor’s powerful cloud-based ERP platform. The integrated workflow will help eliminate the challenges of relying on various siloed systems to accomplish business-critical treasury and accounting tasks.
With this partnership, the GTreasury platform will utilise an application programming interface (API) to connect data from Infor’s cloud financials ERP solution, Financials & Supply Management. This data includes bank statements, payments (accounts receivable and accounts payable, along with bank confirmations), Positive Pay automated fraud detection, and general ledger (GL) journal entries that encompass applicable treasury management system sub-ledger entries such as cash, financial instruments, treasury payments and settlements, and hedge accounting.
The integrated data visibility and automated command across applicable balances and transactions gives GTreasury and Infor customers the ability to analyse and act on cash positions quickly and confidently. Customers can also access all of the treasury, finance, accounting, and risk management products available through the GTreasury platform.
“Infor continues to build on its well-earned reputation as a modern cloud ERP platform that enables a global and diverse customer base to leverage modern technologies,” said Terry Beadle, Global Head of Corporate Development at GTreasury. “As corporate treasurers and the office of the CFO accelerate digital transformation initiatives throughout their departments, Infor and GTreasury deliver an especially compelling cloud-based solution built to add new connectivity and capabilities. We are proud to partner with Infor and look forward to more organisations discovering the efficiency and performance gains that GTreasury’s complete digital treasury ecosystem delivers.”
“We believe the automation and synergy this partnership provides will enable customers to significantly streamline their treasury and accounting operations,” said Joe Simpson, Vice President of Product Management at Infor. “Organisations will have data visibility and workflow tools to help make business-critical decisions based on their cash positions. We’re excited to provide the transformative capabilities offered by this synergistic collaboration with GTreasury, a leader in providing modern digital treasury solutions to organisations around the world, and to see how customers utilise the benefits of our powerful technologies in tandem.”