New York, NY – Chicago-based TCS Education System, a leader in non-profit higher-education sector, has selected C2Treasury™, TreasuryXpress’ enterprise treasury management solution (TMS) to automate its cash management, consolidate its affiliate school bank accounts, optimise cash forecasting and automate reporting. Operating under a model that features centralised System Office functions for five colleges, including treasury and accounting, platforms with the ability to easily scale are critical for TCS. As a not-for-profit organisation, transparent pricing and solution flexibility was also key.
“For the past year, we have had a growing need to consolidate the multitude of bank and investment accounts we manage into one central system,” says Emily Nyblad, Director of Risk and Treasury at TCS Education System. “The C2Treasury solution from TreasuryXpress met all of our needs. Not only did it have all the cash forecasting and reporting functionality we required, but the price point was very pleasing and the overall value was also clear. Even better was the TreasuryXpress team’s attitude towards transparency and flexibility.”
Upon contract execution, TCS had access to the on-demand treasury management solution within days and has now transitioned its reporting and treasury operations from spreadsheets in less than five weeks. The treasury team has been very pleased with the results and are already benefiting from the ability to maximise system resources in a more efficient way.
“Emily and the team at TCS Education System had very specific requirements around their current and future treasury technology needs,” says Anis Rahal, CEO and founder of TreasuryXpress. “At TreasuryXpress we are committed to helping treasury teams to successfully achieve scale with quality capabilities that are flexible and affordable. We are very excited that they have chosen us as their treasury management partner.”
TreasuryXpress has experienced triple-growth in 2016 supporting the trend of on-demand treasury management solutions which are characterised by prompt solution access and rapid implementation periods. The firm shared that they are currently signing on an average of two new clients per week. Amidst this growth, TreasuryXpress maintains 100% client satisfaction which is a key attribute of its frictionless treasury management experience.