We are seeing a very strong interest from Corporate clients to connect to their banks over the SWIFT network, but they are also demanding an end-to-end solution for straight-through processing. -- David Pryce, Managing Director of SWIFT Americas
New York, NY (PRWEB) April 21, 2010
GTreasury SS, LLC, the treasury management software and services company, and Axletree Solutions, Inc., SWIFT regional partner and service bureau, announced a new partnership today at the SWIFT Operations Forum Americas in New York City.
SWIFT Connectivity with All Banks Plus Full Treasury Workstation Functions
Under the agreement, Axletree has already successfully implemented a new corporate SWIFT user with annual revenues in excess of US$47 billion to be connected to over 50 banks in 30 countries. This corporation is accessing data through GTreasury services to:
- review and reconcile its bank statements,
- establish cash position on a worldwide basis,
- view reports and exposures at all levels and for any groupings,
- move funds and make payments in any country, and
- account for all transactions without any re-keying.
The GTreasury partnership enables Axletree to complement its fully managed SWIFT connectivity services, starting with establishing a new SWIFT corporate membership to connect with all banks. The joint offering provides a full-function treasury workstation via GTreasury with integration to the corporate back office for straight-through processing.
“We had been looking for a partner to complement and enhance our SWIFT Solutions Marketplace for current and future Corporate clients, with a reliable, low cost of entry treasury workstation solution,” said Mohan Murali, President, Axletree Solutions. “GTreasury was the perfect fit for us.”
For over 24 years, GTreasury has offered a full set of treasury management and payments software and services to banks and corporations worldwide. “The recent decision by SWIFT to allow for corporate membership has opened great new opportunities for increased bank connectivity across the globe,” said Orazio Pater, COO, GTreasury. “We were looking for a partner with a strong presence in the SWIFT world, and we found Axletree was a perfect match.” As part of this mutual partnership, GTreasury is also packaging the Axletree SWIFT Connectivity offering as part of its own services.
David Pryce, Managing Director of SWIFT Americas commented, “We are seeing a very strong interest from Corporate clients in the Americas to connect to their banks over the SWIFT network, but they are also demanding an end-to-end solution for straight-through processing of payments. I am delighted that our partners GTreasury and Axletree Solutions have combined to provide an integrated value added solution over SWIFT to the Corporate treasury area.”
Axletree is a SWIFT Regional Partner, Service Bureau, and SWIFT Ready Service Provider with SAS70 Type II and SWIFT Audit Certifications based in the United States. Axletree provides fully-managed, end-to-end SWIFTAlliance Access Services using SWIFT Certified Professionals for Banks, Corporates, and other Financial Institutions. Axletree services a global footprint of clients spread from Hong Kong to Europe to the United States, and the Caribbean. Clients include United Parcel Service, Chevron, American Express, Banco Santander, Mizuho Securities, and Knight Capital to name a few.
GTreasury™ provides the ONE Enterprise Treasury Platform for both ASP/SaaS Services and On-Site Treasury Workstations Installations. All support and development efforts, and those of its partners and clients, are focused on one seamless system. For the past 24 years, GTreasury has provided best-of-breed treasury and cash management software and services to leading banks and corporations of all sizes and all over the globe. GTreasury’s clients include General Electric Company and its subsidiaries worldwide, Hydro Quebec, and Prudential Financial.
For more information, please contact:
GTreasury SS, LLC
3 Corporate Drive
Lake Zurich, IL 60047
Axletree Solutions, Inc.
2 King Arthur Court
Lakeside West, Suite A-1
North Brunswick, NJ 08902
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