GTreasury Partners with Treasury Strategies to Add NDepth to its Treasury Management Platform

Published 

GTreasury, a treasury and risk management platform provider, today announced a partnership with Treasury Strategies (a division of Novantas, Inc.) that fully integrates Treasury Strategies’ NDepth bank fee analysis (BFA) capabilities into GTreasury’s comprehensive system for digital treasury. With NDepth, GTreasury customers now have access to the most robust and efficient solution providing full transparency, visibility, benchmarking, and control over their banking activities fees – all available from within the powerful GTreasury ecosystem.

“Corporate treasury’s biggest expense is often bank fees, but few organisations are able to regularly monitor this expense with the accuracy and insight needed to effect change,” said Terry Beadle, Global Head of Corporate Development at GTreasury. “Traditional fee analysis is hampered by inaccurate or outdated data that makes apples-to-apples fee comparisons incomplete, demands manual and time-consuming processes to input data and build out reports, and requires coalescing myriad bank statements and file formats. NDepth wholly transforms BFA by eliminating those burdens and more. The solution now becomes a crucial component of our integrated treasury and risk management platform, providing our customers with a consolidated system of truth that is self-service and contains all the international BFA data and benchmarking that treasurers need.”

Treasury Strategies’ NDepth solution is proven to significantly improve monthly bank fee analysis. By combining powerful technology with learning algorithms, NDepth automates and simplifies the process of reviewing account analysis statements. These statements are processed by NDepth each month, in whatever format they exist, and data are mapped into standard or custom product families to make tracking and bank-to-bank comparisons simple and clear. Benchmarks show fee levels at each bank and for each product family in relation to the market. Dashboards show trendline and summary information for balances, rates, services, and spend.

With bank fee analysis now powered by NDepth, GTreasury customers have the most powerful bank account management tool, a repository of auditable electronic bank statements, and the mechanisms necessary to help treasurers connect with banks, internal systems, and other third parties. Benefits of NDepth integrated into the GTreasury platform include:

  • Significant cost savings: NDepth provides fee transparency so that treasurers can have a better understanding of exactly what they are paying for. Automatic alerts flag any unexpected changes to a business’ negotiated pricing.
  • Better data: Treasurers are in a stronger position to budget for their spending and improve bank relationships, backed by expertly managed, normalised data for how they are paying fees across banks and how that spending compares with peers with similar volume levels. On-demand reports show customised price benchmarks and make it easy to identify outlier fees.
  • Improved yields: Treasurers make more informed and data-driven cash deployment decisions by leveraging net effective rates.
  • Better workflow efficiencies: NDepth eliminates manual processes by receiving files directly from banks, ingesting data, performing file mapping, and presenting data visualisations ready for treasurer analysis.
  • Domestic and international access: NDepth supports EDI-822, TWIST/BSB, and PDF account analysis statements, allowing GTreasury customers with global business to have BFA data available for all of their operations.
  • Complete security: All files are fully encrypted both in transit and at rest, and all benchmarking data is aggregated and anonymised.

“We’re excited to bring NDepth to the GTreasury platform – and to introduce the advantages of best-in-class BFA technology to more organisations around the world,” said Pete Gilchrist, Executive Vice President of Novantas. “By automating and simplifying bank account analyses, NDepth fits perfectly into GTreasury’s single source of truth for cash, payments, and risk activities. GTreasury has built a reputation as a one-stop-shop for delivering treasurers the data, functionality, and ease-of-use they need to do their jobs well, and NDepth will amplify that position. We look forward to seeing how treasurers will save their organisations time and money using NDepth with GTreasury.” Current and prospective GTreasury customers can learn more about how NDepth and GTreasury transform bank fee analysis by downloading the new NDepth Bank Fee Analysis Overview.

Most recent episodes

Smart Treasury: The Future is Now

In this TreasuryCast episode, our guests from Standard Chartered, Sunday Domingo and Byron Gardiner, discuss best practice approaches in a data-driven treasury environment. The experts also consider how treasury responsibilities such as working capital and...

34:56

Co-Creation in Action: Treasury Evolution

Think co-creation is just a buzzword? Then it’s time to think again. As Pierre Fersztand, Global Head of Cash Management, Trade & Payments, BNP Paribas, explains, value-adding solutions are being implemented as a...

16:02

Leading Edge Supply Chain Finance: Smart and Sustainable

TMI’s Eleanor Hill is joined in the virtual TreasuryCast studio by Gwynne Master, Managing Director and Global Head of Trade, Lloyds Bank, to discuss all things supply chain finance, an area that has faced...

11:19

What’s Next in Digital Payments?

Mario A Benedict and Christine Moy, J.P. Morgan, join us to pinpoint the key trends gathering traction in the digital payments space – and how treasurers can make the most of them. Our guests consider how digital currency initiatives such as J.P. Morgan’s...

32:35

An Award-Winning Digital Treasury Transformation: Secrets of Success

TMI Award winner Gavi’s Managing Director of Finance and Operations, Assietou Diouf, joins us to discuss the organisation’s celebrated digital treasury transformation...

34:03

Central Bank Digital Currencies: What Treasurers Need to Know

Jean-Marc Servat, Chair of The European Association of Corporate Treasurers (EACT) and TMI's Eleanor Hill take a deep dive into the world of crypto assets to discuss why central bank digital currencies (CBDCs) are...

17:14

From 2020 to 2021: Treasury in Transition

Over the last 12 months, the treasury community has successfully navigated some of the toughest trading and operational conditions in living memory. In this interview, Peter Cunningham, Citi, chats to TMI’s Eleanor...

24:59

A New Era for Treasury Centralisation

The second instalment of the Journeys to Treasury podcast series sees Wim Grosemans, BNP Paribas Cash Management, and Didier Vandenhaute, PwC, consider why centralisation has become such a persistent theme for treasurers in a Covid-19 world. In this episode, our...

18:40

Re-tooling Treasury for a Resilient Future

Preparing for the unknown is a challenge. But forward-thinking treasurers are beginning to access real-time useable data to optimise cash forecasting – and automating investment processes. Eleanor Hill speaks to Jim...

32:28

Co-Creation with Treasury Fintechs: The Inside Track

Ray Nazloomian and Jenny Mustazza, J.P. Morgan, join TMI’s Eleanor Hill for a forward-looking discussion which examines why banks are opting to pursue fintech partnerships, rather than building in-house, to co-create...

14:33