CHICAGO, Ill. – June 21, 2022 – GTreasury, a treasury and risk management platform provider, today announced that it has named Victoria Blake as GTreasury’s Chief Product Officer, and Ashley Pater as General Manager at Hedge Trackers. Recently acquired by GTreasury, Hedge Trackers is the global leader in accounting, consulting, and software services that protect clients against financial risk.

Victoria Blake joins GTreasury with more than 20 years of experience and success in product leadership roles across several SaaS and technology companies. Blake comes to GTreasury from Zapproved, where she served as the Vice President of Product. During her tenure at the e-discovery software provider, she led high-level strategy development, product definition, and market-facing thought leadership and vision. Before Zapproved, Blake was responsible for defining next-generation cloud services offerings as the Vice President of Product Management at Metal Toad, an AWS Consulting Partner. Blake has also held product management and leadership positions at WebMD Health Services, Jive Software, and Walker Tracker.

As GTreasury’s Chief Product Officer, Blake will lead the company’s global product and UX teams in developing and delivering innovative new solutions for GTreasury’s customers and partners. From modern automated treasury and transaction management to AI-powered SmartPredictions™ cash forecasting and visibility, GTreasury’s SaaS platform empowers treasury teams and the office of the CFO with the future-proof technology and capabilities required to drive confident financial decision-making. GTreasury has also continued to expand its broad ecosystem of connected partner technologies, via API integrations with ERPs, banks, and other external providers where instant data connectivity maximizes customer efficiencies.

“GTreasury has built its reputation as a leading treasury and risk management platform by harnessing innovative cloud, AI, machine learning, and emerging technologies that move our industry forward,” said Victoria Blake, CPO, GTreasury. “Just as importantly, GTreasury has always focused on product usability and ensuring that its powerful tools are always easily accessible and seamlessly connected for the teams that rely on them. I look forward to building on what GTreasury has created over the past three decades, and delivering even more next-generation tools to make CFOs and treasury teams more successful.”

Ashley Pater is now the General Manager of Hedge Trackers after more than a decade of leadership roles within GTreasury. Pater most recently served as GTreasury’s Chief Product Officer, where she was responsible for aligning product vision and strategy to the company’s business objectives. Pater previously held leadership positions in GTreasury’s marketing and account management functions, focusing on building global brand awareness, lead generation, event management, and cross-sell programs.

Pater will oversee daily business operations and lead growth strategy around Hedge Trackers’ FX, interest rate, and commodity price risk management services and consulting. Pater will also ensure alignment and integration opportunities within the broader GTreasury organization. Hedge Trackers offers best-in-class expertise and technical depth in meeting today’s unprecedented demand for effective hedging strategies, identifying exposure, managing risk, and meeting compliance and audit requirements. Under Pater’s leadership, Hedge Trackers will focus on bolstering its risk management expertise and bringing new solutions to market across the company’s risk product suite.

“Combining the strengths of GTreasury and Hedge Trackers makes us the clear market leader when it comes to both our treasury risk management products and our consulting acumen,” said Ashley Pater, General Manager, Hedge Trackers. “Today’s CFOs and financial leaders understand that risk management and hedging capabilities are critical to navigating volatile markets and achieving larger business goals. I’m excited to further our solutions and insight to equip customers with the solutions required for effectively and cost-efficiently managing their risk.”

“Both Victoria and Ashley possess the clarity of vision required to advance our GTreasury and Hedge Trackers products to meet our customers’ evolving needs today and well into the future—and both bring relevant, experienced, and proven leadership to accomplish those goals,” said Renaat Ver Eecke, CEO, GTreasury. “I’m glad to welcome Victoria and Ashley into their new roles and look forward to what’s to come from GTreasury and Hedge Trackers.”

About GTreasury

GTreasury is committed to connecting treasury and digital finance operations by providing a world-class SaaS treasury and risk management system and integrated ecosystem where cash, debt, investments and exposures are seamlessly managed within the office of the CFO. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide. Visit GTreasury.com

Continuing to modernize its digital treasury and risk management ecosystem with strategic partnerships, GTreasury now offers platform interoperability and data integration with Moody’s Analytics’ ALM SaaS product

Source: Gtreasury

CHICAGO, Ill. – May 10, 2022 – GTreasury, a treasury and risk management platform provider, today announced a collaboration with Moody’s Analytics, a global provider of analytic tools and risk assessment capabilities, to enable customers to seamlessly leverage Moody’s Analytics’ market-leading asset and liability management (ALM) SaaS product. Moody’s Analytics’ ALM SaaS product is now available as an interoperable and integrated component within GTreasury’s continuously modernizing software-as-a-service ecosystem for treasury and finance teams.

As small and medium-sized financial institutions grow, accumulated data reaches volume and complexity beyond what manual spreadsheets or outdated software can reliably or efficiently handle. These legacy approaches place increasing strain on internal staff – especially when accelerating growth puts financial institutions within the purview of new regulatory reporting requirements. Banks, credit unions, and other institutions in this position must implement automated capabilities that remove the burdens of routine ALM tasks and monitor and manage their risk far more effectively and completely.

Moody’s Analytics’ ALM SaaS product leads the industry in meeting these requirements, offering a seamless enterprise platform that integrates ALM, liquidity risk management, funds transfer pricing, and regulatory reporting capabilities. Institutions leveraging the product can fully integrate ALM into their business management and regulatory compliance processes, optimizing capital distribution to achieve strategic benchmarks. The product eases the management of even the most complex ALM tasks, while also providing a foundation for defining client behavioral models and forecasts, and delivering data-backed insights that drive key business decisions.

“Moody’s Analytics offers the most comprehensive and capable ALM product on the market today,” said Terry Beadle, Global Head of Corporate Development at GTreasury. “Small and mid-sized financial institutions struggling under the burden of their asset and liability management duties, especially from a regulatory compliance perspective, are instantly and significantly empowered by the automation and powerful tooling Moody’s Analytics’ ALM SaaS product puts at their command. We’re excited to introduce the many benefits of Moody’s Analytics’ offering to our customers as an interoperable, fully data-integrated, market-leading component of the GTreasury ecosystem.”

With Moody’s Analytics’ ALM SaaS product now available as another component within GTreasury’s ecosystem, customers can easily integrate their data and begin to harness the ALM solution across their treasury and risk management practices.

“Pairing GTreasury’s treasury and risk management system and our own leading ALM SaaS product is an advantageous strategy for firms optimizing performance and streamlining operations,” said Cayetano Gea-Carrasco, Managing Director at Moody’s Analytics. “We’re proud to work with GTreasury to help customers to realize their efficiency goals, and to make more informed and accurate business management decisions based on this seamless data.”

About GTreasury

GTreasury is committed to connecting treasury and digital finance operations by providing a world-class SaaS treasury and risk management system and integrated ecosystem where cash, debt, investments and exposures are seamlessly managed within the office of the CFO. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide.

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs.

Modernization is quickly coming to cash forecasting. Corporate treasury teams are accelerating their embrace of new technology strategies and are refining existing methods to introduce greater automation, efficiency, and accuracy. The trend has undoubtedly been spurred by the pandemic, during which treasurers have sought greater access to data in order to optimize cash management – as best they could – during periods of relative uncertainty.

In the recently released Cash Forecasting & Visibility Survey undertaken by treasury analysis firm Strategic Treasurer, nearly 250 professionals from across the global treasury ecosystem weighed in on their current and future state of cash forecasting. The results paint a picture of an industry with an acute demand for faster forecasting and real-time global cash positioning, a growing appetite for emerging AI/ML technology, and plans for heavy spending to realize more rapid and accurate forecasting processes.

Source

The report is worth a read in full, but here are four of the biggest takeaways for treasurers:

1. Low-tech cash forecasting is still being widely used, but high-tech is the far more popular choice.

The vast majority of treasury teams still use traditional (and very manual) forecasting tools. Ninety-one percent of respondents report using Excel as one of their forecasting tools. In comparison, one-quarter have a treasury management system (TMS) in place, and 28% use ERP systems. Fifteen percent use financial reporting and analysis (FR&A) or budgeting tools to assist in their forecasts, and just 5% use a dedicated forecasting platform.

While Excel is the leading forecasting tool by usage, it clearly lags in making treasurers happy. Fifty-seven percent of those utilizing a TMS or ERP are satisfied with their tooling, while just 42% of Excel users say the same.

Variance analysis is another task requiring heavy manual effort from treasury teams. Fifty-seven percent of respondents say that their variance analysis activities are fully manual, and another 19% report significant manual activities. One-fifth of companies only avoid this manual effort by performing no variance analysis whatsoever. The remaining 5% of respondents utilize variance analysis that’s backed by fully-automated processes.

2. Cash forecasting is a major priority, receiving major investments.

Fifty-nine percent of treasurers believe that the importance of cash forecasting will increase in 2022, with 27% saying it will become significantly more important. At the same time, nearly half of respondents say they currently have an “extremely difficult” time generating forecasts.

As a result of this unfulfilled need, 35% of treasury and finance departments report plans for extremely heavy spending on technology for treasury systems and cash forecasting capabilities. Forty-one percent plan to focus significant spending on treasury systems in the next year, while 40% plan similarly significant spending on cash forecasting. Additionally, respondents reported heavy technology spending plans that specifically focus on bank account management (33%), reconciliation (28%), payments (28%), and cash reporting (27%).

3. AI/ML-powered cash forecasting will increase over 400% in the next two years. 

While just 6% of respondents currently use AI/ML technology to power cash forecasting, their reported plans indicate that within two years that number will reach 27%. Further out than two years, that jumps to 51%.

Respondents also indicate a similarly bright trajectory for regression analysis: 12% use it currently, projected usage will grow to 29% in two years, and 43% use or expect to use it in the future.

4. Forecasts peer further forward in time (and treasurers would forecast even more, given the time and tools).

Respondents report increasing the frequency of their cash forecasting: 55% now forecast either weekly or daily. Forecasts extend to a more distant time horizon as well, with a plurality of 39% of respondents now looking ahead six months or more, and another 35% forecasting between two and five months out.

Respondents also expressed a greater appetite for cash forecasting than what their current tools and time requirements can feed. If available, 64% of respondents would invest more time to improve the accuracy of their forecasting. Forty-six percent would use extra time to perform variance analysis. One-quarter would increase both the frequency and outlook of their forecasts.

The upshot: Treasurers are in hot pursuit of better cash forecasting capabilities.

The survey’s findings are beads strung along a common thread: treasury teams recognize and demand the benefits of more efficient and effective cash forecasting. With investments in TMS, ERP, AI/ML, regression analysis tools and more, many treasurers are already pursuing new strategies and spending what it takes to place the strategies and technologies they require at their command.

The new business unit is a streamlined proving ground for the transformative solutions that empower modern treasurers

CHICAGO, Ill. – February 17, 2022 – GTreasury, a treasury and risk management platform provider, today announced the launch of the GTreasury Innovation Lab. Expanding and formalizing the culture of technology innovation that GTreasury has always supported within the company, the Innovation Lab is structured to bring significant and differentiated impact to customers through brand new advances in treasury management.

The technology team at GTreasury continuously recognizes potential opportunities for treasury innovation. The company has traditionally held twice-annual hackathons to explore unique and creative ways to advance treasury technology and integrations. Now with the launch of the GTreasury Innovation Lab, each member of GTreasury’s technology team will have a dedicated cycle within the lab, gaining a purpose-built and regular outlet for putting ideas to the test. GTreasury developers also constantly absorb feedback from the customer support team, which gives them insight into the specific challenges that treasurers face. Those insights inform developers’ innovative approaches to increase the capabilities, usability, and overall efficiency of the solutions within the GTreasury platform, both for customers and GTreasury’s internal team that supports them.

“GTreasury has always been forward-looking with the technology and integration capabilities that can enable treasury and finance teams to do more and do it more efficiently,” said Ciarán O’Neill, Director – Innovation Lab, GTreasury.

“We keep one eye on where customers are right now and one eye on where they want to be. Our focus is on making sure that we’re always leveraging the latest technologies and offering future-proof solutions – it’s that philosophy that has led to pioneering creations like SmartPredictions™, our AI-fueled cash forecasting tool. The launch of the GTreasury Innovation Lab accelerates our pursuit of the innovations that it takes to develop and deliver powerful and compelling technological advances to our customers, and we’re excited to get going.”

Technologies born in the GTreasury Innovation Lab will progress through a systemic process designed to ensure the viability of a new solution. Developers at the lab first nurture initial ideas into working proof of concepts. Lab members then vote to select the solutions with the most potential to provide demonstrable day-to-day value for treasury teams. Solutions next enter a validation phase, where ideas are presented to internal stakeholders and customer representatives, including early adopters of a beta product. Validated solutions then move to a production development team to be fully built and integrated as stable enterprise-grade components of the GTreasury platform.

The GTreasury Innovation Lab already has a slate of high-potential solutions in ideation, including many in areas where the introduction of AI/ML capabilities offers tremendous potential. Initial areas for exploration include advances around BI reporting, risk analysis modules, and a reconcilement module offering more automated and accurate reconcilement between forecasted and actual treasury payments.

About GTreasury

GTreasury is committed to connecting treasury and digital finance operations by providing a world-class SaaS treasury and risk management system and integrated ecosystem where cash, debt, investments and exposures are seamlessly managed within the office of the CFO. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide.