New York – TreasuryXpress, the global provider of on-demand treasury management solutions today announced its partnership with Hedgebook, global provider of Cloud financial risk and derivative management software. The partnership will uniquely focus on the under-served mid-market treasury organizations challenged with complex cash and risk management requirements.
“Mid-market treasuries have the same treasury and financial risk management complexities and requirements as many Fortune 1000 or 500 organizations; however, they often do not benefit from the same budgets and organizational resources as their larger peers,” says Tom Leitch, COO of TreasuryXpress. “By joining forces with Hedgebook, we are able to uniquely offer a solution to this part of the market, which has largely been ignored by the legacy treasury and risk solutions which are typically too resource-consuming for an SMB to implement.”
The joint solution will focus on innovative user experiences and automated implementation processes that will allow mid-market treasury teams to painlessly make the transition from error and risk-prone manual spreadsheets. By leveraging an all-in-one solution, corporate treasuries will realize greater economies of scale and value.
“We make the transition from spreadsheets easy for corporate treasurers,” says Richard Eaddy, CEO and director of Hedgebook. “Where other treasury and risk providers have perpetuated complexity during the implementation and live phases of the customer lifecycle, Hedgebook has been committed to making effective financial risk management automation accessible. Our mission is to create powerful solutions that are easy to buy, use, and deploy – a sentiment shared by our partner, TreasuryXpress.”
According to both firms, the integrated offering has already been positively accepted in the mid-market by joint clients looking to gain better visibility and intelligence around FX hedging programs. With increased visibility into FX programs, corporate risk professionals will gain a comprehensive view of both their cash positions and exposures allowing for better conversations with their brokers around their programs and therefore, better client/bank/broker relationships.
“The increased visibility will not only help treasury teams understand their current cash and risk positions, but it will help them with future, data-driven decisions that impact their financial strategies and bottom-lines,” continues Eaddy.
The relationship with Hedgebook further expands TreasuryXpress’ unique On-Demand TMS model that has set it positively ahead in the TMS marketplace. Joint clients will benefit from direct access to existing and future functionality and unlimited volumes and users resulting in infinite and secure scalability.
Leitch concludes, “Together, TreasuryXpress and Hedgebook will deliver on our shared vision to leverage the most capable and efficient technology to deliver intelligent solutions that complement and enhance the treasurer’s job with the least amount of disruption.”