Bengaluru, Karnataka, India – Business Wire India
IBSFINtech, India's leading TreasuryTech business solutions provider, is pleased to announce its entry into the SME segment with the launch of its specialized SaaS TMS solution, InnoTreasury™ for small and medium enterprises (SMEs) in the country. One of the country's main banks has joined IBSFINtech to promote this solution in its extensive network of SMEs.
With around 75 million registered SMEs, India leads the SME market in the world. SMEs contribute more than a trillion dollars to the country's economy, but this segment is the most deprived of digitalization and represents only 30% of these companies. The SME segment represents a huge untapped opportunity, not only in India but also globally. IBSFINtech is a pioneer in the Corporate Treasury management solutions space and is trusted by large and large multinational corporations. of the country. With SMEs playing a crucial role in India's economic landscape, the need for fully digitalized financial solutions is more pressing than ever. Recognizing this opportunity, IBSFINtech created a specialized solution that carries the legacy of its solutions trusted by the country's leading corporations.
In India, SMEs contribute around 45.56% of total exports, so it is essential that they efficiently manage their foreign exchange exposure to maintain financial stability and competitive advantage.
SaaS TMS InnoTreasuryTM is designed especially for small and medium-sized businesses, allowing them to manage their foreign exchange operations more efficiently. InnoTreasury™ enables companies to visualize their foreign exchange exposures and manage their hedges effectively. Speaking about this milestone in the company's growth journey and its entry into the SME segment, Mr C M Grover, Promoter, Managing Director and CEO of IBSFINtech, expressed his opinion and said: "We are delighted to introduce a solution to equip SMEs with advanced digital technologies. Treasury Management Platform Today's SMEs are progressive and are actively adopting the technological solutions of the new was to support their digitalization requirements and fuel their exponential growth aspirations. Having dominated the treasury management space for large enterprises with our portfolio of customized solutions strategic choice to implement a simpler solution for SMEs and support them in their growth. .The launch of this product reflects our commitment to India's growth story and introducing new age customer-centric solutions.
With InnoTreasury™, the company expands the reach of end-to-end service offerings to businesses of all sizes, across all industries and geographies.
Honorable. Prime Minister Narendra Modi's Digital India program offers numerous benefits to small and medium enterprises (SMEs), and the SME digitalization landscape is truly transforming in the country. Furthermore, strategic collaborations between fintechs and banks are playing a key role. This expansion of IBSFINtech is a strategic move by the company and as quoted by its CEO Mr. Grover, he sees it as the company's participation in the country's growth journey, contributing to the Government of India's vision for Viksit Bharat.Y adds, “The SME segment has huge digitalization potential, and SMEs are not just in India. With this product offering, we will facilitate treasury digitalization mandates for SMEs globally.”
SMEs are the backbone of the Indian economy, contributing to GDP, employment, regional development, innovation and exports. Their role in fostering economic growth, reducing disparities and promoting sustainable development cannot be underestimated. Government support and favorable policies further enhance the growth and stability of this vital sector.
IBSFINtech has already onboarded multiple SME clients from different industries and from different parts of the country to this innovative solution. Albert Chacko, CEO of Copia Mining, a client leveraging the tools shares: “Copia Mining is pleased to announce the significant progress in its treasury transformation and digital journey, driving our global growth aspirations. This transformation, facilitated by our trusted banking partner and IBSFINtech, has revolutionized our treasury management capabilities. It has enabled our companies to navigate the complexities of the global market with. accuracy and agility, leading to enhanced capabilities to mitigate foreign currency risk exposures.”
The solution runs on the latest technology and leverages the world's leading cloud service provider, providing a highly secure, flexible and scalable environment, thus ensuring maximum benefits for the end customer.
With InnoTreasury™, the company has created a simplified solution that meets the treasury management requirements of SMEs. InnoTreasury™ enables end-to-end management of foreign exchange forward contracts, with the possibility of full or partial settlement, cancellation and renewal. The solution provides detailed analytics and dashboards for daily reporting and monitoring. Equipped with value-added features such as user access control, audit trails, alerts and notifications, the solution truly simplifies the lives of SME promoters, who are likely managing their currency risk exposure themselves.Muralirao A, Manager Senior Accounts & Finance at Sidvin Core-Tech (India) Private Limited, shares his experience: “The treasury transformation journey of Sidvin Core-Tech (India) Private Limited has been incredible. Our trusted banking partner played a key role in introducing us to IBSFINtech, the TreasuryTech company. The entire onboarding process was extremely efficient and hassle-free. "We look forward to fully leveraging the treasury platform to improve and streamline our foreign exchange management operations."
CM Grover hopes to expand the reach of this solution to thousands of SMEs and ensure that the benefits reach every corner of the country. In addition, the company is also expanding products to cover the full range of corporate finance activities, which is easier for them as the company already has a comprehensive and robust technology platform, covering cash flow and liquidity, capital financing trade, supply chain finance, investments and debt management function.
“With the “Inno” range of our solution, we are focused on providing SME clients with an innovative new-age treasury solution that puts the power of technology in their hands and facilitates the growth of their business on a global scale. “We have started this journey with Forex risk management solution with the launch of InnoTreasury and are extending the technology solutions to areas of trading and cash management as well in this ‘Inno’ range.” CM Grover added.IBSFINtech is a made-in-India TreasuryTech solutions provider, with established credibility in the industry for offering end-to-end solutions for the cash flow and liquidity, treasury, risk, trade finance and supply chain finance function of the country's main corporations.
With such innovative and intuitive solutions available, it is time for SMEs to take advantage of these initiatives to optimize operations, improve efficiency and enhance competitiveness in the digital age.
About IBSFINtechIBSFINtech is an ISO/IEC 27001:2013 certified TreasuryTech company that facilitates end-to-end digitalization of cash and liquidity, investment, treasury, risk, trade finance and supply chain financial management of corporations worldwide.
Globally recognized by IDC MarketScape as a “Top Performer” in the 2023 Global SaaS and Cloud-Based Enterprise Treasury and Risk Management Application Vendor Assessment, IBSFINtech is an award-winning, comprehensive, integrated and innovative platform that enables boards of directors to , CEOs and treasurers improve visibility, improve control, mitigate operational risk, drive automation and optimize business efficiency.
IBSFINtech is headquartered in Bengaluru, with a wide customer base spread across India and presence in international markets like USA, Singapore and Middle East. Some of its notable clients are Vedanta Group, Patanjali Group, Wipro Enterprises, Maruti Suzuki, JSW Steel Mphasis, etc. Global clients include IMR Metallurgical Resources, JSW International and many more. For more information, please visit website: www.ibsfintech.com
.
IBSFINtech, India's leading TreasuryTech business solutions provider, is pleased to announce its entry into the SME segment with the launch of its specialized SaaS TMS solution, InnoTreasury™ for small and medium enterprises (SMEs) in the country. One of the country's main banks has joined IBSFINtech to promote this solution in its extensive network of SMEs.
With around 75 million registered SMEs, India leads the SME market in the world. SMEs contribute more than a trillion dollars to the country's economy, but this segment is the most deprived of digitalization and represents only 30% of these companies. The SME segment represents a huge untapped opportunity, not only in India but also globally. IBSFINtech is a pioneer in the Corporate Treasury management solutions space and is trusted by large and large multinational corporations. of the country. With SMEs playing a crucial role in India's economic landscape, the need for fully digitalized financial solutions is more pressing than ever. Recognizing this opportunity, IBSFINtech created a specialized solution that carries the legacy of its solutions trusted by the country's leading corporations.
In India, SMEs contribute around 45.56% of total exports, so it is essential that they efficiently manage their foreign exchange exposure to maintain financial stability and competitive advantage.
SaaS TMS InnoTreasuryTM is designed especially for small and medium-sized businesses, allowing them to manage their foreign exchange operations more efficiently. InnoTreasury™ enables companies to visualize their foreign exchange exposures and manage their hedges effectively. Speaking about this milestone in the company's growth journey and its entry into the SME segment, Mr C M Grover, Promoter, Managing Director and CEO of IBSFINtech, expressed his opinion and said: "We are delighted to introduce a solution to equip SMEs with advanced digital technologies. Treasury Management Platform Today's SMEs are progressive and are actively adopting the technological solutions of the new was to support their digitalization requirements and fuel their exponential growth aspirations. Having dominated the treasury management space for large enterprises with our portfolio of customized solutions strategic choice to implement a simpler solution for SMEs and support them in their growth. .The launch of this product reflects our commitment to India's growth story and introducing new age customer-centric solutions.
With InnoTreasury™, the company expands the reach of end-to-end service offerings to businesses of all sizes, across all industries and geographies.
Honorable. Prime Minister Narendra Modi's Digital India program offers numerous benefits to small and medium enterprises (SMEs), and the SME digitalization landscape is truly transforming in the country. Furthermore, strategic collaborations between fintechs and banks are playing a key role. This expansion of IBSFINtech is a strategic move by the company and as quoted by its CEO Mr. Grover, he sees it as the company's participation in the country's growth journey, contributing to the Government of India's vision for Viksit Bharat.Y adds, “The SME segment has huge digitalization potential, and SMEs are not just in India. With this product offering, we will facilitate treasury digitalization mandates for SMEs globally.”
SMEs are the backbone of the Indian economy, contributing to GDP, employment, regional development, innovation and exports. Their role in fostering economic growth, reducing disparities and promoting sustainable development cannot be underestimated. Government support and favorable policies further enhance the growth and stability of this vital sector.
IBSFINtech has already onboarded multiple SME clients from different industries and from different parts of the country to this innovative solution. Albert Chacko, CEO of Copia Mining, a client leveraging the tools shares: “Copia Mining is pleased to announce the significant progress in its treasury transformation and digital journey, driving our global growth aspirations. This transformation, facilitated by our trusted banking partner and IBSFINtech, has revolutionized our treasury management capabilities. It has enabled our companies to navigate the complexities of the global market with. accuracy and agility, leading to enhanced capabilities to mitigate foreign currency risk exposures.”
The solution runs on the latest technology and leverages the world's leading cloud service provider, providing a highly secure, flexible and scalable environment, thus ensuring maximum benefits for the end customer.
With InnoTreasury™, the company has created a simplified solution that meets the treasury management requirements of SMEs. InnoTreasury™ enables end-to-end management of foreign exchange forward contracts, with the possibility of full or partial settlement, cancellation and renewal. The solution provides detailed analytics and dashboards for daily reporting and monitoring. Equipped with value-added features such as user access control, audit trails, alerts and notifications, the solution truly simplifies the lives of SME promoters, who are likely managing their currency risk exposure themselves.Muralirao A, Manager Senior Accounts & Finance at Sidvin Core-Tech (India) Private Limited, shares his experience: “The treasury transformation journey of Sidvin Core-Tech (India) Private Limited has been incredible. Our trusted banking partner played a key role in introducing us to IBSFINtech, the TreasuryTech company. The entire onboarding process was extremely efficient and hassle-free. "We look forward to fully leveraging the treasury platform to improve and streamline our foreign exchange management operations."
CM Grover hopes to expand the reach of this solution to thousands of SMEs and ensure that the benefits reach every corner of the country. In addition, the company is also expanding products to cover the full range of corporate finance activities, which is easier for them as the company already has a comprehensive and robust technology platform, covering cash flow and liquidity, capital financing trade, supply chain finance, investments and debt management function.
“With the “Inno” range of our solution, we are focused on providing SME clients with an innovative new-age treasury solution that puts the power of technology in their hands and facilitates the growth of their business on a global scale. “We have started this journey with Forex risk management solution with the launch of InnoTreasury and are extending the technology solutions to areas of trading and cash management as well in this ‘Inno’ range.” CM Grover added.IBSFINtech is a made-in-India TreasuryTech solutions provider, with established credibility in the industry for offering end-to-end solutions for the cash flow and liquidity, treasury, risk, trade finance and supply chain finance function of the country's main corporations.
With such innovative and intuitive solutions available, it is time for SMEs to take advantage of these initiatives to optimize operations, improve efficiency and enhance competitiveness in the digital age.
About IBSFINtechIBSFINtech is an ISO/IEC 27001:2013 certified TreasuryTech company that facilitates end-to-end digitalization of cash and liquidity, investment, treasury, risk, trade finance and supply chain financial management of corporations worldwide.
Globally recognized by IDC MarketScape as a “Top Performer” in the 2023 Global SaaS and Cloud-Based Enterprise Treasury and Risk Management Application Vendor Assessment, IBSFINtech is an award-winning, comprehensive, integrated and innovative platform that enables boards of directors to , CEOs and treasurers improve visibility, improve control, mitigate operational risk, drive automation and optimize business efficiency.
IBSFINtech is headquartered in Bengaluru, with a wide customer base spread across India and presence in international markets like USA, Singapore and Middle East. Some of its notable clients are Vedanta Group, Patanjali Group, Wipro Enterprises, Maruti Suzuki, JSW Steel Mphasis, etc. Global clients include IMR Metallurgical Resources, JSW International and many more. For more information, please visit website: www.ibsfintech.com
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