International investment conglomerate achieves cash visibility with C2Treasury from TreasuryXpress

Published 

New York, NY – TreasuryXpress, the global provider of frictionless and on-demand treasury management solutions recently announced that Ittihad International Investment, a leading private holding and multi-disciplinary conglomerate achieved 100% bank connectivity and cash visibility over a two week implementation period reducing average industry implementation project times by approximately 94%.

“A major criteria for selecting a TMS solution was our need for a customizable, scalable solution that could be deployed rapidly and without us being obliged to hire an outside consultant to run the project for us,” said Eyad Abdel Rahman, Group Treasurer at Ittihad. “After meeting the TreasuryXpress team and learning about the solution, we knew they were best positioned in the market to really harness the benefits of the Cloud and deliver our project with minimal human intervention thereby reducing our time-to-market and overall cost of automation.”

Ittihad’s business strategy is aimed at establishing and operating economically diversified portfolios either independently or in collaboration with leading companies. As a result, the management of multiple, specialized financial instruments and investments was adding a high degree of complexity to the firm’s treasury operations.

“We have very specific loan and investment requirements that needed to be addressed,” continues Abdel Rahman. “TreasuryXpress listened to our needs, reviewed our unique specs and built the custom capabilities we required in under two weeks. Even more satisfying, TreasuryXpress was able to connect us to our 9 global banks giving us visibility to 70% of our cash in this same two-week timeframe. We are genuinely impressed with the team’s approach and leverage of technology to accelerate our project.”

“We hear from prospective clients almost daily that they are frustrated by the emerging business model of legacy TMS providers outsourcing 100% of their implementations to third parties,” said Anis Rahal, CEO and founder of TreasuryXpress. “This practice just exasperates the implementation project from a time and cost perspective. It is our strong belief that the answer to improving the implementation experience for treasury is to eliminate as much human-reliance as possible. At TreasuryXpress, we rely on technology to make the difference – to reduce project timelines and costs dramatically.”

TreasuryXpress’ on-demand Treasury Management Solution (TMS) model leverages modern Cloud technology and development practices to create repeatable best-practice implementation workflows. These workflows fully automate the bank connectivity process; thereby reducing time and effort spent on these tasks during traditional projects. Additionally, the TreasuryXpress approach to innovation offers a perpetual development and upgrade model that allows treasury professionals to implement, consume, and scale technology economically and rapidly.

“We strongly believe that it is technology and the intelligent use of modern innovations will transform the entire TMS experience for the treasury industry,” continues Rahal. “Long implementations are no longer viable or necessary. Our vision and strategy is to reduce as much human intervention during the implementation process as possible and rely more on automation. At TreasuryXpress, we have acquired the expertise and technology strategy to make this a reality.”

  

Most recent episodes

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

00:00

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00

FX Connections: Bringing Transparency to Cross-Currency Payments

Cross-border activity is growing at a remarkable rate, making FX payments a hot topic for treasurers across the globe.  In this TreasuryCast episode, Eleanor Hill asks Daniela Eder and Gibran Maqsood (Barclays Corporate Banking) to provide their key action points around FX payments in 2022. Our guests...

21:00